fed reserve auditting?, page-23

I am not sure if it is hilarious or ignorarious.

I think that it is ignorarious.

The Federal Reserve does not own gold.

The Gold Reserve Act of 1934 required the Federal Reserve System to transfer ownership of all of its gold to the Department of the Treasury. In exchange, the Secretary of the Treasury issued gold certificates to the Federal Reserve for the amount of gold transferred at the then-applicable statutory price for gold held by the Treasury.



http://www.fms.treas.gov/gold/current.html