Does Audit Show Federal Reserve Bank Sitting On $21 Billion In Gold?

The federal government has quietly completed an audit of U.S. gold stored at the New York Federal Reserve near Wall Street.

For many years, the U.S. government has been rumored to have a gold stash worth about $21 billion stored at the Federal Reserve, the Los Angeles Times reports.

Some believe the bullion is a result of a heist, similar to the movie “Die Hard”; others claim the gold has been used in a shadowy government transaction, or even swapped with gold-painted bars, according to the paper.

More