February 19, 2013 |
NEW YORK - Turns out the Federal Reserve's gold is secure and a bit more pure than previously thought - or so the government says. Auditors spent weeks last year in a vault five stories beneath Manhattan counting, weighing and drilling small holes into gold bars owned by the U.S. Treasury. It was the first time the Treasury's inspector general had audited the department's gold held by the Federal Reserve Bank of New York, which has captured the imagination of Hollywood as well as government skeptics.
February 18, 2013 |
NEW YORK -- The U.S. government's gold in New York is safe in a vault underneath Manhattan, and some of the precious metal there is purer than previously thought. That's according to a first-ever audit conducted last year by the Treasury Department of U.S. gold on deposit at Federal Reserve banks in New York and elsewhere. As part of the audit, the Treasury tested a sample of the government's 34,021 gold bars in the New York Fed's vault five stories below Manhattan's financial district, according to the inspector general's office.
September 17, 2012 |
Northern Nevada officials say there's a lesson here of a Howard Hughes ilk: You can never judge a person's worth by the kind of life he or she leads. Authorities in Carson City recently made an astounding discovery in the home of a local recluse whose body was found in his residence. Walter Samaszko Jr. had left only $200 in his bank account. But hidden throughout the house were other treasures - including gold bars and coins valued at $7 million. “You never anticipate running into anything like this,” Carson City Clerk-Recorder Alan Glover told the Los Angeles Times.
August 2, 2012 |
NEW YORK - For decades, the U.S. government has stashed gold five stories beneath Manhattan in a vault under the Federal Reserve's fortress near Wall Street. Or has it? Some conspiracy theorists suspect that the billions of dollars' worth of bullion might have been looted in a dramatic heist, a la the movie "Die Hard: With a Vengeance. " Others claim that the gold has been used in a shadowy government transaction, or swapped with gold-painted bars. It's even caught the attention of politicians like Rep. Ron Paul and members of Germany's Parliament.
January 21, 2012 |
You've got the haute couture outfit and designer jewelry. So, what's next? How about gold bullion bars designed by the enfant terrible of French haute couture, Jean Paul Gaultier? The fashion industry bad boy has been in vogue for decades — he designed Madonna's much-ballyhooed cone-shaped bra, a line of skirts for men and outfits for rocker Marilyn Manson. Now he's reworking one-ounce bars of gold, charging about $1,830 (along with a $25 handling fee) for each.
January 4, 2011 |
The Golden Nugget hotel in downtown Las Vegas is living up to its name with the installation of an ATM that dispenses gold instead of cash. Beginning Wednesday, visitors will be able to buy gold coins and 24-karat “bars” weighing from 1 gram to 1 ounce at the new Gold to Go machine, the hotel said in a news release. Each purchase will be dispensed in a gift box. Buyers can use cash or credit cards, according to the website of the machines' developer, Ex Oriente Lux AG . At current prices, a 250-gram “bar” is worth about $11,000.