Federal Reserve Admits: We Have No Gold!

I found this video dating back to June which is an interesting exhange between Ron Paul and representatives of the Federal Reserve.

It would be interesting to get an answer to the same question from New Zealand's Reserve Bank wallahs

The following exchange between Congressman Ron Paul (R-TX) and the Fed's attorney Scott Alvarez proves, without a shadow of a doubt, that The Federal Reserve has no gold backing the US dollar. 

Most in the alternative news sphere suspected it - now it's fact.