This was a legislative hearing of the Domestic Monetary Policy Subcommittee to receive testimony regarding H.R. 1495, “The Gold Reserve Transparency Act of 2011.” The hearing was held to: (1) discuss the audits of U.S. gold reserves conducted in recent decades; (2) examine changes to legislation that would best accomplish the goal of fully and accurately auditing, assaying, and inventorying U.S. gold reserves; and (3) discuss obstacles to a full audit of the gold reserves, including gold swaps or other encumbrances.
The hearing was held on Thursday, June 23, 2011, at 2 p.m. in Room 2128 of the Rayburn House Office Building and was titled, “Investigating the Gold: H.R. 1495, the Gold Reserve Transparency Act and the Oversight of United States Gold Holdings.”
§ Gary T. Engel, Director of Financial Management and Assurance, Government Accountability Office
§ The Honorable Eric M. Thorson, Inspector General, Department of the Treasury
Original video published on 6/23/11 and licensed under Creative Commons: http://creativecommons.org/licenses/by/3.0/legalcode
Link to original video: http://youtu.be/Zo4b8ZPlzrw