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What's really underneath the Federal Reserve Bank in NY?

(Photo credit ANDREW CABALLERO-REYNOLDS/AFP/Getty Images)

It takes an entire month to get a space on the Federal Reserve Bank vault tour, 80 feet below 33 Liberty Street, New York, New York. Once you get your golden ticket, are you even seeing the real deal? That’s the question Dow Jones’ Katy Burne asked in a Fox Business feature.

Richard Nixon took the United States off the gold standard in 1971, but there are 6200 tons of the stuff in lower Manhattan, worth between $240 and $260 billion. Precious metals analyst Ronan Manly said, “No one at all can be sure the gold is really there, except Fed employees with access.” Subsequently, conspiracy theories abound.

Alan Greenspan, former Fed chairman, explained the secrecy in July, saying, "When you deposit your funds in a bank, should that bank make your account balances available to whomever asks?"

Mike Opelka said he “would sign on to audit the Federal Reserve” on today's "Pure Opelka." He has tried to get on the tour waiting list himself to see “that actual gold is still there.” But some people think the bricks are just gold-plated, so he might just see an elaborate ruse.

To see more from Mike, visit his channel on TheBlaze and listen live to “Pure Opelka” weekdays 12-3 p.m. ET, "Pure Opelka Replay" weekdays 10-1 a.m. ET & “Pure Opelka” Saturdays 6–9 a.m. ET, only on TheBlaze Radio Network.

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