UNITED STATES
Money Morning
By ABBY HIGGS, Staff Writer, Money Morning • July 24, 2015
Just how much money does the Vatican have? The Church’s mysterious gold holdings have long been a source of debate.
And the truth of the matter is that nobody knows for sure.
There are a couple of reasons for this uncertainty…
First, the Vatican Bank has been the center of embezzlement and fraud scandals for years, making it difficult to get an accurate count of what, precisely, the bank is holding in terms of cash flow.
And second, in some countries (America among them), religious groups aren’t required to release financial statements. This is why much of the Vatican’s gold is allegedly kept here in the United States, at Fort Knox.
Note: This is an Abuse Tracker excerpt. Click the title to view the full text of the original article. If the original article is no longer available, see our News Archive.