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The Treasury Is Drilling Holes Into The Fed's Gold To Make Sure It's Actually Gold

Business Insider
Friday, 3 August 2012

The Treasury Is Drilling Holes Into The Fed's Gold To Make Sure It's Actually GoldThe Los Angeles Times' Andrew Tangel has a brilliant write-up (including "Die Hard" references and a Ron Paul interview) of an unusual and secretive operation underway at the New York Fed: the Treasury Department is auditing its gold reserves.

It's the first-ever audit of the Fed's bullion — previously they were only...
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