Cookies are also used for the purpose of handling our system and services. By using our website, you accept that cookies are used. Given all the protection, it seems obvious that billions of dollars worth of gold (or something) indeed resides at Fort Knox. We asked the experts - and their answers will terrify you Public Service Announcement, do NOT watch these ads! It lies 30 miles (48 km) southwest of Louisville and occupies an area of 172 square miles (445 square km). 'It's not even the annual funding level for some of our large departments in the federal government,' he said. And the last time it was counted was actually in 1953." So, what's really inside Fort Knox? 147.3 million ounces of gold is stored at Fort Knox. Protected by a 109,000-acre U.S. Army post in Kentucky sits one of the Federal Reserve's most secure assets and its only gold depository: the 73-year-old Fort Knox vault. At the end of Fiscal Year of 2008, all 42 compartments had been audited by either the GAO, the Committee for Continuing Audit of the U.S. Lets have a look. Save my name, email, and website in this browser for the next time I comment. 12/ As of September 30, 1984, 99.9 percent of the gold stored at the United States Denver Mint had been audited under the initial continuing audit program. Whos Supplying? However, we were unable to locate records responsive to reports similarly titled or closely related to the subject annual gold audit 1975-1984. Because there remains so little information about the contents of the gold vault, a lot of theories crop upregarding what's really inside Fort Knox. Why havent we ever seen any assays of coin bars? The auditors from the Treasury will be drawn from the Office of the Secretary, the Bureau of Government Financial Operations, the U.S. Customs Service, and the Bureau of the Mint. (Back to top) CIVILIAN TIME MILITARY TIME CIVILIAN TIME MILITARY TIME 12:01 AM 0001 5:00 PM 1700 (Seventeen hundred) 5:00 AM 0500 10:00 PM 2200 10:00 AM 1000 (Ten hundred) 11:30 PM 2330 12:00 PM (Noon) 1200 12:00 AM . Ron Paul worries Fort Knox gold is gone. However, no outside experts were allowed in during the audit, and only about 5% of the gold was actually tested. Exhibit 1. According to official statistics, the United States holds far and away the largest gold reserves of any sovereign nation or supranational institution. Coin 147.4 million fine troy ounces, valued at $6.2 billion, is stored in 13 . Fort Knox sits on over 100,000 acres and houses 30,000 military personnel. By Everett Millman Gainesville Coins . US citizens were required to sell their gold bullion - bars and coins - back to the State. It's going on right now as I say these words. The assayer is unknown and there was no assay report included in the audit report. More than half of . While the order is not very detailed, in the years that followed the committee started auditing gold stored at the US Mint and at the Federal Reserve Bank of New York (FRBNY). "Glad the gold is safe!". If official documents come to surface I will report accordingly. In October 1984, 4,136,046.924 fine ounces gold was reaudited. Bureau of Government Financial Operations [BGFO]. in 2004 the assayer was Ledoux & Company, a private contractor (read their homepage). For instance, sample sizes used for assaying were conspicuously small. GOLD, RESERVES, REPORT(S), AUDIT, COMMITTEE FOR THE CONTINUING AUDIT, COMMITTEE, INSPECTOR GENERAL, ASSISTANT SECRETARY OF THE TREASURY FOR INTERNATIONAL AFFAIRS, BUREAU OF FISCAL SERVICE, and BUREAU OF GOVERNMENT FINANCIAL OPERATION. As a result more than 1,700 tonnes at the Fort Knox and the Denver depository, that were both fully audited and sealed at that time, needed to be re-audited. Telephone: (502) 624-2386. Though the media and members of government were allowed access in 1974 to take pictures, the last actual audit of Fort Knox occurred in 1953 immediately after President Dwight Eisenhower's inauguration. The government supposedly maintains over 8,100 metric tonnes of the yellow metal in its reserves, spread out across three main bullion depositories (for reference, the second-largest gold reserves owned by Germany total less than half of the U.S. stockpile). ', 'I assume the gold is still there,' he said. The vaults were last opened to the public in the 1970s, and the last treasury secretary visit was in 1948. "We have approximately $200 billion of gold at Fort Knox," said Mnuchin. Interactive map reveals when you may see SNOW. The speculation has also been amplified by the degree of secrecy surrounding the reserves: Since the depository opened seven decades ago, the only time any member of the public has been permitted inside the facility was when members of the media were (however briefly) invited in on September 23, 1974. A waiting list may be required and part-time or hourly care may need special planning depending on demand, mission requirements, etc . The Mint estimated that as much as one-third of the gold reserves were examined during this period. It seems these 6 reports (5 documents) are the only ones currently in existence and the remaining 7 have mysteriously disappeared. Test yourself with this Cockney Rhyming Slang quiz. Learn how your comment data is processed. Fort Knox: "Glad Gold Is Safe!". 1495,not enacted) in 2011 the Inspector General (IG) of the Treasury presented a case all is fine, but all is not fine. The gold stored in these compartments would get moved around if samples were taken for assaying during the audit. Try Army A-Z. Share this page: Army.mil. The US Treasury currently owns 8,134 tonnes of gold of which 7,716 tonnes is stored by the US Mint (4,583 tonnes at Fort Knox, 1,364 tonnes in Denver, 1,682 at West Point) and 418 tonnes at the Federal Reserve Bank Of New York. Thats 6 down, 7 more to go. The auditors were bored and decided to re-audit 1,700 tonnes. From at least 1944 the world reserve currency is the US dollar, which was backed by gold until 1971 and supported by gold ever since. Fort Knox is supposedly filled with 400 oz. A movie producer before becoming treasury secretary, Mnuchin told a group of Louisville business leaders earlier in the day it was important for him to see the gold to attest that 'it is part of our national assets. di The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Then, the official response from the offline department to my request I received on May 13 as a PDF attachment (click here to view) oddly enough itsdated March 25, 2015 but not sent to me at thetime. Presidential Coins, Kennedy Half U.S. President Franklin D. Roosevelt passed legislation outlawing private ownership of gold, and gave instruction to build the depository at . 2023 DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. But Bevin, speaking on WHAS radio, divulged a few more details. In the 1980 report we can read the audit procedures and a few other snippets (well quickly jump through) that help us understand how and where the audits were conducted: Audit procedures included (1) inspecting the joint audit committee seals used to control compartments containing previously audited gold; (2) comparing the records for each compartment inventoried to the identifying information on the gold bars; (3) weighing, from each compartment inventoried, at least one randomly selected melt in each fifty melts (a melt, averages about 20 bars cast from one crucible of molten gold); (4) removing samples from a bar in each of the melts weighed and having the samples assayed; (5) verifying the mathematical accuracy of all inventory records; (6) verifying the inventoried gold to the institutions records; (7) verifying the quantities shown by the institutions records to the control accounts for gold maintained by the Bureau of the Mint and to the central accounts maintained by BGFO; (8) placing audited gold bars in compartments under Official Joint Seal and audit committee control; and (9) reviewing and evaluating internal controls and security procedures. PBOC Gold Purchases: Separating Facts from Speculation. 1126, San Diego, CA, 92128, USA . Plus, US Mint Police remain a constant presence, and preside over the grounds from four machine gun towers placed around the perimeter. The event, Sept. 23, 1974, is often inaccurately called the last audit of Fort Knox. Need Help? Atthe congressional hearing in 2011 the IG stated to be 100 % certain all gold stored by the Mint was inventoried and audited, yet his department had accessto only a fraction (4) of all audit reports (13). The only audit that has ever been done of the gold inside Ft Knox was done days after Dwight Eisenhower became President in January of 1953. I also want to assure you that the physical security over the gold reserves is absolute. Buy for Vault Storage in the United States United States Mint All Rights Reserved. In July 1985, 11,912,458.207 fine troy ounces of gold were reaudited at the Fort Knox Depository. While this sum is unreasonable, a crowdfunding campaign donated the total in less than 24 hours (strangely enough, the Mint never actually cashed Kooss check, and nearly all of the money was eventually refunded.). *For the audits performed in 1975, 1976, 1978, 1979, 1982, 1983 and 1984 under the continuing audits program allegedly 1 in 50 melts has been assayed, although there are no audit reports, nor assay reports, nor do we know who the assayer was. Government-owned Gold, or my office, and placed under official joint seals. The novel begins: 7:20 am, September 11, 2015. Page Last Modified: 8/26/19, 2:56 PM Fort Knox, KY. Our Nation's Gold Standard Army Home. Jun 5th, 2022 . 147.4 million fine troy ounces, valued at $6.2 billion, is stored in 13 vault compartments at Fort Knox Bullion Depository. Try Army A-Z . Until 1953, there were serial number audits of the gold and some assaying as I explain but that became costly and time intensive. The inspection by Members of Congress on September 23, 1974, of U.S. gold stocks stored at the Fort Knox (Ky.) Bullion Depository marks a unique departure from the long standing and rigidly enforced policy of absolutely no visitors, Mrs. Mary Brooks, Director of the Mint, announced today. This would last until 2010 when the Armor School was relocated to Fort Benning, Georgia. The day of the Mary Brooks tour of Fort Knox, September 23, 1974, the Treasury announced that for the first time in twenty-one years, they would agree to an audit of the U.S. gold reserve. New York man wears glasses that help him Isabel Oakeshott receives 'menacing' message from Matt Hancock, Ken Bruce: 'I always wanted to be a radio presenter from about 15', Pavement where disabled woman gestured at cyclist before fatal crash, Pro-Ukrainian drone lands on Russian spy planes exposing location, 'Buster is next!' Upload by MysteryManagement Fort Knox and the gold dipped tungsten bars - Michael Rivero showAre the gold bars in Fort Knox really made of the precious metal. Fort Knox is home to more than 30 commands and organizations with a daytime population of about 26,260 Soldiers, civilian employees and Family members. A waiting list may be . In 1974, after the US closed the gold window, congressional support grew for inquiring into the US gold stock. Gold verification at Fort Knox March 1998, page 3. One of the most sensitive secrets protected by the Washington establishment is the massive cache of gold reserves held at the federal depository in Fort Knox, Kentucky. McConnell was part of a delegation of Kentucky politicians allowed inside the United States Bullion Depository at Fort Knox for the first time since 1974. . In an audit conducted at Fort Knox in 1953, 88 ingots were counted for verification. Many conspiracy theorists - like the Gold Anti-Trust Action Committee (GATA)- believe the gold doesn't really exist, there isn't as much as the government claims, or the government has sold it off for years. Secretary Mnuchin's statements were not helpful. Single mother faces 170 parking fine after overstaying at McDonald's for just 14 minutes while she treated Man had sex with his wife on bollard in protest after it had been erected by neighbour to stop him parking What will the next pandemic be? I did read one time that the queen of England a. Murdaugh is heckled as he leaves court, Moment teenager crashes into back of lorry after 100mph police race, Ken Bruce finishes his 30-year tenure as host of BBC Radio 2, Family of a 10-month-old baby filmed vaping open up, Missing hiker buried under snow forces arm out to wave to helicopter, Insane moment river of rocks falls onto Malibu Canyon in CA, Fleet-footed cop chases an offender riding a scooter, Ukrainian soldier takes out five tanks with Javelin missiles. Mnuchin said it was the first time Fort Knox opened its vaults to outsiders since a Congressional delegation and some journalists were let in to view the gold for the first time in 1974. Text Alerts, Contact As weve seen thus far there are many problems with the official story everything is fine, all the US official gold reserves all audited. It was also the first visit by a serving US Treasury Secretary since 1948. The US official gold reserves are the worlds greatest by far at 8,134 metric tonnes. As a newcomer to Fort Knox, you are a part of the Gold Standard team that is making the Army's vision a reality. Other problems sound laughable in their incompetence. We are no longer accepting comments on this article. Let me show you an example of Fort Knox. Your request was received in this office on March 3, 2015 and assigned FOIA case number RD 45578. The official story from OIG is that 100% of the gold stored at Fort Knox was audited in between 1974 and 1986, although there is no US government department that has the audit reports. That shipment required a convoy of 33 15-ton trailers to move the gold. Liberty, Bush In my previous post, from March 2018, on the audits of US official gold reserves, I have exposed that during the audit procedures of the US official gold reserves from 1974 through 2008, repeatedly audit staff deviated from the auditing . More from the 1985 report: The audit procedures followed [at the FRBNY] were essentially the same as those followed at Mint institutions except that assay samples were not taken to verify the purity of the gold and the audited gold was not under committee control after the audit. Ive found many anomalies that well discuss. The annual audits by the committee ended in 1986 after 97 per cent of the Government owned gold held by the Mint had been audited and placed under official joint seal. They wrote me by email: Mr. Nieuwenhuijs our Office of Audit found: as well as GAOs 1974/1975 and 1978 reports. Senate Majority Leader Mitch McConnell and other Kentucky politicians went to the United States Bullion Depository at Fort Knox for the first time since 1974, Reassurance: Treasury Secretary Steve Mnuchin tweeted out thanks to the US Mint and confirmed that the gold is all safe. It was obvious that some of the records were missing (or not provided). Is the Coin Market Sleeping on Fairmont Collection Gold Coins? When the mint finally produced the audit documentation, Jansen received 134 lightly redacted pages (rather than the estimated total of 1,200 pages). However, as Ive written in my post Where Did The Gold In Fort Knox Come From? American $1 Coins, SHOP There was nothing left to do but submit a Freedom Of Information Act (FOIA) request. It was established in 1918 as Camp Knox (named for Major General Henry Knox, first U.S. secretary of war), and it became a permanent military post in 1932. The official story from OIG is that 100% of the gold stored at Fort Knox was audited in between 1974 and 1986, although there is no US government department that has the audit reports. Engraved Prints, Shop All Gift but American gold holdings were reportedly last audited in 1953 (which includes testing for purity); Fort Knox's gold was . Every year the gold in Fort Knox is audited by checking the official joint seals that were placed on all vault compartments during the continuing audits of U.S.-owned gold from 1974 until 1986, when allegedly 97 % of the (Deep Storage) gold was inspected. Government-owned Gold" for the years 1975, 1976, 1978, 1979, and 1981-1984. when was the last time fort knox was audited. Pursuant to that order, the Committee for Continuing Audit of the U.S. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. *In 1974 the New York assay office tested 95 bars. Official records claimed 20,000 tons in the 1950s. The gold vault at Fort Knox is "encased in 16,000 cubic feet of granite and 4,200 cubic yards of cement." In August 2017, US Treasury Secretary Steve Mnuchinvisited the gold vault at Fort Knox and, along with a few other politicians, surveyed the site. It basically coveredby 1986, 97 percent of the Government-owned gold held by the Mint had been audited and placed under joint seal. It was decided to destroy several audit and assay reports and no less than 1,700 tonnes needed to be re-audited. there has not been anyone allowed access to confirm the gold amounts that are supposedly stored at the Fort. Fort Knox is also on the list of these 10 forbidden places that no one is ever allowed to visit. Domestic and International Shipping from Singapore I am glad to report that everything at the depository looked to be secure and in order. The last time anyone had access to inspect the deposits was on September 23, 1974. . The audits were conducted in accordance with the revised audit guidelines that required a statistical sample of gold melts within randomly selected compartments at the facilities. In another dubious mix-up, a number of measurements were faulty because the auditors misread where the decimal point was on the scale. Exhibit 7.1. At the congressional hearing of the Gold Transparency Act (H.R. He ought to have known precisely how many pages were needed and presumably where to find them. Coins, American While primarily known as a vault for gold, the depository also held the Declaration of Independence and the U.S. Constitution during World War II. Fort Knox claims billions of dollars worth of gold are stored away in its secret vault. The Counsel to the Inspector General Department of the Treasury told me his department only had 4 of the 13 reports I was looking for. Exhibit 2. In the meantime I will fire several new FOIAs at the Office of the Inspector General and others. 2/ As of September 30, 1982, 100 percent of the gold stored at the depository [Fort Knox] was audited under the initial continuing audit program. No outside experts were allowed on the site for the audit, either, providing fodder for all kinds of conspiracy theorists. Paul, a longtime critic of the Federal Reserve and U.S. monetary policy, said he believes it's "a possibility" that there might not actually be any gold in the vaults of Fort Knox or the New York Federal Reserve bank. He tweeted " Glad gold is safe! Technically its possible the OIG assayed exactly the remaining stash of 9999 gold, though chances are slim given the fact the 9999 gold wasspread over multiple compartments at multiple depositories. But theories exist regarding other possiblecontents of the vault -like the body of Jimmy Hoffa. This suggests the gold at the FRBNY was stored so it could be easily transportedin and out of the vaults, possibly through a corridor to the adjacent private vault at 1 Chase Manhattan Plaza read this post by BullionStar gold researcher Ronan Manly for more information on the construction of the FRBNY vault and the connection to the vault across the street that was owned by JP Morgan, but recently bought by Fosun (October 2013), a Chinese investment conglomerate. I decided to send an email to the FOIA online Help Desk to ask what happened to my request. Following the Second World War, with the United States emerging as the lone remaining superpower, the countrys gold holdings reached as high as 20,000 tonnes! This fits right into how the US government imposes audits on their official gold reserves; the audits are performed by the US government itself. Kooss analysis of the procedures used found its rigor wanting in several key areas. China Net Imported 1,300t Of Gold In 2016, Why SGE Withdrawals Equal Chinese Gold Demand And Why Not, Trade in and out of physical gold and silver, BullionStar Perspectives - Rick Rule - Wisdom and Insights from Legendary Mining Investor, Buy for Vault Storage in the United States, Domestic and International Shipping from Singapore, and 1980 summary, released by the GAO 10/1981, the vault had to be opened twice more in the presence of the Joint Sealing Committee and the gold reevaluated, assaying 899 to 901 per mille or 915 1/2 to 917 per mille, Where Did The Gold In Fort Knox Come From? By gathering information from audit reports from 1974 1986 (the ones I could get my hands on) and statements made at the congressional hearing in 2011 well analyze our way through this. Site, Coin China Gold Import Jan-Sep 797t. 15919 Avenida Venusto, Apt. Fort Knox, Kentucky is an Army base with more than one hundred thousand acres stretching across three counties. The Fort Knox Gold was last audited in the 1950s. Also, the assay test results from last year's gold audits at Fort Knox and West Point were Newborns, Gifts Based on glaring conflicts among the Treasury's own documents, this staggering amount of gold disappeared without a trace from 1961 to 1971. . The gold at Fort Knox is stored in one of the most secure facilities in the world. At its peak, 649.6 million ounces were stored at Fort Knox on December 31, 1941. The depository was built following U.S. President, Franklin D. Roosevelt's, controversial 1933 legislation - Executive Order 6102 - which outlawed the private ownership of gold bullion. One of last year's uproars was the decision by US officials to carry out an audit of these gold vaults. Of course,strange things have been stored in the vault, like morphine and opiumduring the early '90s. www.smartaccess.us . U.S. Army Cadet Command Headquarters is located inside the Fort Knox installation which is located roughly 35 miles south of Louisville, Kentucky. No outside experts were allowed on the site for the audit, either, providing fodder for all kinds of conspiracy theorists. This is remarkable. Talkers Medals, Military Alaska, USA . After the Congressional inspection, the Bullion Depository will once again be closed to visitors. I doubt an attempt to submitting a FOIA request directly to the Treasury Department will bring me anything; likely it will be a waste of time as I had already contacted all possible government departments separately, which could not deliver me the reports I was looking for despite none of them was unwilling to help me. The Gold-Backed-Oil-Yuan Futures Contract Myth, Estimated Chinese Gold Reserves Surpass 20,000t. In performing the audit, the gold bars are physically moved from one vault compartment to another. Government-owned Gold performed annual audits of Treasurys gold reserves from 1975 to 1986, placing all inventoried gold that it observed and tested under an official joint seal. As required under the Cyanide Code, the mine was again audited against ICMI's Verification Protocol by independent professional third-party auditors within three . If you subscribe to this theory, the incredible amount of protection at the U.S. Bullion Depository is for little more than a pile of IOUs. One of the mostsecure andinaccessible places in the world, the facility once held the Declaration of Independence and Bill of Rights. Fort Knox Policies. However, if that intruder had turned to the west he would have . At Fort Knox, we are about people - great service members, outstanding civilians . How can the IG be positive if he did not have access to the most basic documentation? A Fort Knox physical gold audit in 1953 was anything but full, neither was the famous audit in 1974. Compartments audited at Mint institutions and depositories are kept under official joint seal by representatives of the audit committee. As the last days tick away, let's take a moment to recap the top 12 stories at Fort Knox that shaped our 2021. Circulating It saves time and labor costs. And the vault has also been a setting place for several movies, the most famous being the 1964 James Bond film, Goldfinger when the titular character foiled a plot to contaminate thebullion. He attempted to pinpoint how the Treasury Department verifies that the gold in its vault is both present and real. Thats everything we have, or are aware of. By also inviting the press to witness the Congressional inspection, the Mint is clearing away cobwebs and re-assuring the public that their gold is intact and safe. There was no assay report included in the audit report. Two tetrahedron-shaped chips were removed form the top and bottom of each bar assayed. All the golden coins that were handed in supposedly accumulated to the greatest gold pile on earth. Tuesday March 22, 2016 13:20. When will the Beast from the East be at YOUR door? However, there has been considerable doubt over the years as to whether the depository actually held any gold. Between July 1983 and July 1985 the gold was audited in accordance with the plan approved by the Treasurer, as follows. My FOIA request had disappeared, or did it? ( Kitco News) - Although he made this assumption nearly one year ago, the Donald's comments on gold at Fort Knox - or lack thereof - are making the rounds on Twitter again Tuesday. After 20 years of Democratic presidents, the American public wanted to be sure that the gold confiscated from them was still there. Senator from Kentucky, where Fort Knox is located. Fort Knox facts. While investigating facts about Fort Knox Federal Credit Union and Fort Knox Safes, I found out little known, but curios details like: The Federation of Quebec Maple Syrup Producers has a "Fort Knox" vault of Maple Syrup. In total there should be 13 reports (1974 1986), 2 already were in my possession (1974 and 1977). By Jennifer Liberto @ CNNMoney June 24, 2011: 11:58 AM ET. The Facebook predator who lured schoolgirls to run away with him is one of 7,000 sex fiends who offended Do not sell or share my personal information. On this sheet 5 physical gold audit reports are listed, framed in red. Kids, Gifts for & Facilities, Shop All According to the excel sheet the US Mint stores 312 tonnes in 9999 fine gold, spread over 3 depositories; Fort Knox 15 tonnes, Denver 100 tonnes, West Point 197 tonnes. Mnuchin said it was the first time Fort Knox opened its vaults to outsiders since a Congressional delegation and some journalists were let in to view the gold for the first time in 1974. The last time that Congress audited it was 2019. For the first time photographing is being permitted inside the Depository.. This effort to audit the Fort Knox gold, the Federal Reserve, and its policies toward gold is now carried on by the younger Paul, Rand, who currently serves as a U.S. A barrel is worth about $1,200 or $2.88 per pound which is 10-18 times the value of U.S. crude oil. In 1936, Fort Knox military base was chosen as the site to build a bullion depository to store this gold. Part One, We use cookies to enhance the user experience and to analyse traffic. These CDCs offer full-day care, part-day, and hourly care. It was a magnificent golden sunrise that inspired visions of glory, wealth, and beauty. Three out of thirteen compartments at Fort Knox were audited for inventory and samples were assayed and compared to records currently held by the Mint.

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