ML-Implode News - Where's the gold? NY Fed undergoes first-ever audit

Wow, gee, we're so impressed. Except of course for the tiny insignificant fact that overwhelmingly most of the US's own gold hoard is supposed to be at Ft. Knox, not at the NY Fed

The US government has been quietly carrying out an audit of all the American-owned gold at the New York Fed. The process involves drilling small holes in about ten per cent, or roughly 350, of the bars to make sure they're pure.
About a half dozen Mint, Treasury Inspector General's Office and New York Fed employees took part in the audit. It's being monitored by the Government Accountability Office, the branch of Congress that wields investigative powers.
Other than that, Treasury officials have thus far refused to provide any details about the operation or its findings. They only say that the results will be announced towards the end of the year.

And even if the audit shows that the gold's all there, it's not likely to satisfy many, including Paul.

He claims he's not concerned with whether the gold is real or fake, but with the paperwork that would outline what it's been used for. Many suspect deals that were never made public, like loans to foreign governments.

Relevant:

Where's the gold? NY Fed undergoes first-ever audit