Fort Knox, Kentucky is an Army base with more than one hundred thousand acres stretching across three counties. That shipment required a convoy of 33 15-ton trailers to move the gold. The depository holds more than 147 million ounces of gold, which puts its market value at more than $186 billion. 'The gold is safe.'. In 1936, Fort Knox military base was chosen as the site to build a bullion depository to store this gold. But theories exist regarding other possiblecontents of the vault -like the body of Jimmy Hoffa. These CDCs offer full-day care, part-day, and hourly care. Medals, Treasury and Treasury Secretary William E. Simon issued the invitation to Congressmen to inspect the gold at Fort Knox. At the congressional hearing of the Gold Transparency Act in 2011 Inspector General (IG) Eric Thorson stated: Before I discuss the details of the audits that are the topic of this hearing, I want to make one point very clear: 100 percent of the U.S. Governments gold reserves in the custody of the Mint has been inventoried and audited. Did The Dutch Central Bank Lie About Its Gold Bar List? 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. One of the mostsecure andinaccessible places in the world, the facility once held the Declaration of Independence and Bill of Rights. 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More than half of the total reserves4,582.95 tonnes, or 147,341,870.463 fine troy ounces of goldare kept at Fort Knox, while more than 1,000 tonnes are stored at West Point and Denver each. Shortly after I got an email that statedmy request had been received and was being processed. US Mint Provided Fort Knox Gold Audit Documents!! I can say that without any hesitation, because I have observed the gold and the security of the gold reserves myself. Koos Jansen. For the other years we dont know whatoffice performed the checks. If official documents come to surface I will report accordingly. From the 1985 report: In fiscal year 1985 audits of Government-owned gold were conducted at the United States Mint in Denver and the United States Bullion Depository in Fort Knox, Kentucky. For the best and most secure experience in our catalog, please update your browser. eonon change home screen. The monetary gold stock of the United States totals 276.0 million fine troy ounces valued at $11.7 billion at the official rate of $42.2222 per fine troy ounce, and is stored in various federal depositories (table attached), the largest of which is at Fort Knox, Kentucky. 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. fort knox crisis phone numbers. Whos Supplying? Currently the Office Inspector General of the Treasury is responsible for the audits of the gold reserves at the US Mint. Scales at the Mint used to weigh the bars often didnt work properly. Buy for Vault Storage in New Zealand teaching assistant pay netmums; when was the last time fort knox was audited. Moreover, it showed a number of (at best) inconsistencies in how the mint conducts its bullion inspection for auditing purposes. It was obvious that some of the records were missing (or not provided). However, if that intruder had turned to the west he would have . BREAKING: Fort Knox Audit Documentation Finally Released The U.S. gold reserves at Fort Knox are broken into different numbered compartments within the gold vault. Not only were Kooss requests met with a reluctant response from government officials, but the mint claimed it would have to spend countless labor hours searching through dozens of boxes for hundreds of pages that might be what Koos was looking for: the annual gold audit records that were carried out between 1993 and 2008. Exhibit 7.3. Schultz from the New York Fed was part of the continuing audits committee and therefor the FRBNY was supposed to be audited. 2023 DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. The Fort Knox facility, a hyper-secure fortress in Kentucky that is part of quintessential American lore, is . The assayer is unknown and there was no assay report included in the audit report. . Although gold bars tested to be out of tolerance during a Fort Knox audit in 1977 at a sample size of 2 %, by 1998 the sample size had been further debased to 0.53 %. 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. In October 1984, 4,136,046.924 fine ounces gold was reaudited. A second storage facility was built at the same time: . Exhibit 7.2. Royal Mint Launches First Coin in Myths and Legends Collection, Numismatic Crime Counterfeit Notes Sold Over Facebook, 1776 Continental Dollar Offered by David Lawrence Rare Coins, Grade This 1936-S Cincinnati Commemorative Silver Half Dollar, First King Charles III Coin From Pobjoy Celebrating the Accession, Dakota 1875 $5 Bank Note in Stacks Bowers Spring Auction. 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.). The Eisenhower Administration Conducted The Last Audit Of Fort Knox In 1953, the US Treasury Department audited Fort Knox, but only around 5% of the gold underwent testing for purity. and until 2010, every member of . ', 'I assume the gold is still there,' he said. The process would take about 30 minutes to verify the gold content of each bar, or 350,000 man hours; to do that . As a result, the gold at the Bank [FRBNY] is considered unaudited. There has not been any movement of inventoried gold since that time. This is largely due to a well-circulated rumor during the 1970s that the vaults had been emptied by elites in banking in government, either leased out or confiscated. However, as Ive written in my post Where Did The Gold In Fort Knox Come From? 147.4 million fine troy ounces, valued at $6.2 billion, is stored in 13 vault compartments at Fort Knox Bullion Depository. But, the OIG disclosed assay reports of the audits of 3 % of the US official gold reserves stored by the Mint at the congressional hearing in 2011 (exhibit 3 and 4). Hisstatement 100 percent of the U.S. Governments gold reserves in the custody of the Mint has been inventoried and audited is impossible to confirm, as well see later on. For the first time photographing is being permitted inside the Depository.. Republican frontrunner Donald Trump hinted at the idea that there just might be no gold in the U.S. 211 votes, 25 comments. On top of this, a decades worth (1993-2003) of Joint Seal inspections from the Denver and West Point depositories are not accounted for. Mint Medals, Shop All Paper Fort Knox opens famed vault to civilians after 40 years Where's The Gold! ? Is Fort Knox Empty? - common-sense-in-america.com 'It's not even the annual funding level for some of our large departments in the federal government,' he said. In 1974, after the US closed the gold window, congressional support grew for inquiring into the US gold stock. Matt Bevin. Audit report Fort Knox 1981. Select stock location for your desired country in the dropdown to view our inventory available in that country. All News, Articles, Commentary and Opinions are contributed by the author(s), with or without compensation, who are solely responsible for the content, and do not represent CoinWeek Management. Our staff conducted a search using the National Archives Holdings Management System under the following records group numbers: RG 50 Treasurer of the United States, RG 56 General Records of the Department of the Treasury, RG 82 Federal Reserve System, RG 101 Office of the Comptroller of the Currency, RG 104 U.S. Mint, and RG 425 Financial Management Service. Newborns, Gifts So, what's really inside Fort Knox? In the meantime I will fire several new FOIAs at the Office of the Inspector General and others. This document also contains a summary of the 1980 audit which, by the way, isnt less detailed than the full 1981 report. 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). Connecting thereto, from Thorsons opening statement: My office began conducting annual audits of the gold reserves in Fiscal Year 1993. The last Congressional visit prior to this occurredin 1974. 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. On the way to the vault, a literal mine field and an electric fence protectthe gold. Each and every bar there should be assayed in a full, independent audit. 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. Fort Knox Gold - History of Fort Knox | BullionByPost It lies 30 miles (48 km) southwest of Louisville and occupies an area of 172 square miles (445 square km). In 2011, the U.S. Treasury's full detailed schedules of gold bars were published by the US House Committee on Financial Services as part of submissions for its hearing titled "Investigating the Gol. Site, Coin Few people have ever entered the vault,and while147.3 million ounces of goldallegedly exists inside, the accuracy remains in doubt. Compared to the samples taken in the 1950s and 60s, the standards for the integrity of the sample size had fallen sharply. Although this rumor or theory is simply that, the remarkably high security that guards the U.S. gold reserves has understandably drawn the curiosity of the investigative press. As weve seen thus far there are many problems with the official story everything is fine, all the US official gold reserves all audited. Quoting from the 1981 report: Gold at the Federal Reserve Bank of New York is audited periodically by examiners of the Board of Governors of the Federal Reserve System, Members of the Committee for Continuing Audits of United States Government-owned Gold representing the Mint and BGFO observed the audits at the invitation of the Board and the Federal Reserve Bank. Need Help? The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Lets recap what weve studied in the previous posts. In 1953, the US Treasury Department audited Fort Knox, but only around5% of the goldunderwent testingfor purity. However, no outside experts were allowed in during the audit, and only about 5% of the gold was actually tested. By Jennifer Liberto @ CNNMoney June 24, 2011: 11:58 AM ET. Inside the famed vaults at Fort Knox, Senate Majority Leader Mitch McConnell held a 27-pound gold bar in his hands Monday as part of the first civilian delegation to see most of the country's bullion reserves in more than 40 years. There was nothing left to do but submit a Freedom Of Information Act (FOIA) request. Instead, I was advised to contact the Treasury. Plus, US Mint Police remain a constant presence, and preside over the grounds from four machine gun towers placed around the perimeter. His advice to me was to try at the General Accounting Office (GAO) and National Archives for more reports. I have copied as much quotes in this post as I can to minimize the possibility of an erroneous interpretation of the official text in the audit reports. Ideas, Gifts for Gold all there when Ft. Knox opened doors - Numismatic News Text Alerts, Contact Compartments audited at Mint institutions and depositories are kept under official joint seal by representatives of the audit committee. Questions: This would last until 2010 when the Armor School was relocated to Fort Benning, Georgia. In 1983 the OIG found out something was amiss with the audits performed 1974 1982. Ron Paul (R-Texas) says his measure to audit the Federal Reserve, which passed the House last December, would force the first open audit of Ft. Knox in decades. Ron Paul wants gold at Fort Knox audited - Jun. 24, 2011 - CNNMoney 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. Ultimately, the Mint concluded that Koos would need to pay over $3,000 in order to have the documents gathered and copied. Interactive map reveals when you may see SNOW. Then, something very strange happened in 1983. Is Gold in Fort Knox Real? Ron Paul Wants to Know - CNBC "good delivery" bricks of gold found gutted and filled with tungsten within the confines of LBMA approved vaults in Hong Kong. Government-owned Gold" for the years 1975, 1976, 1978, 1979, and 1981-1984. No photographs were allowed, of course. There Is No Proof All Gold Is In Fort Knox. BY . Fort . Its glittering gold . Facilities, Production 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. To date,only one US president has been inside the vault - Franklin Delano Roosevelt, who served as president when the US Bullion Depositorywithin Fort Knoxwas established. Given all the protection, it seems obvious that billions of dollars worth of gold (or something) indeed resides at Fort Knox. 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. He said this, but there is no proof. They could only find 2 reports I didnt posses previously, of the audits conducted in 1985 and 1986. Coins, American The last time that Congress audited it was 2019. You may consider submitting a FOIA request directly to the Treasury Department. Two tetrahedron-shaped chips were removed form the top and bottom of each bar assayed. He ought to have known precisely how many pages were needed and presumably where to find them. Representative Alex Mooney (R . 15919 Avenida Venusto, Apt. Ron Paul worries Fort Knox gold is gone. Only One President Has Ever Been Inside Fort Knox Why Is It - Ranker The next screen shot is from the reply by the FOIA help desk on May 6, 2015. Domestic and International Shipping from Singapore Conclusion. I also want to assure you that the physical security over the gold reserves is absolute. Fort Knox Gold: Once upon a time, the Fort Knox Bullion Depository was a vast storehouse for American gold. Welcome to the Coronation! The last time Fort Knox was audited was in 1953, immediately after President Eisenhower was inaugurated. Talkers Medals, Military Government-owned Goldare not in our collection." Since 1993, when we assumed responsibility for the audit, my office has continued to directly observe the inventory and test the gold. The usage of cookies and the collection of customer information by BullionStar is guided by our. 312 tonnes of the total is 4 %. When I logged in at my account at the FOIA website, I saw my request had disappeared. On April 28, 1943, President Franklin D. Roosevelt inspected the Bullion Depository, Mrs. Brooks said. In total there should be 13 reports (1974 1986), 2 already were in my possession (1974 and 1977). 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. I shall rest here. I did read one time that the queen of England a. random nose bleed covid. Two months later I still got no response. Fort Knox is also on the list of these 10 forbidden places that no one is ever allowed to visit. Fort Knox is Probably Empty, Gold Missing - Stillness in the Storm Last time: This picture dates from 1974 - the last time civilians were allowed inside - and shows Mrs. Mary Brooks, Director of the Mint surrounded by gold in one of Fort Knox's vaults *In 1974 the New York assay office tested 95 bars. Did audit reveal missing gold . Written by Jan Nieuwenhuijs, originally published at Voima Gold Insight. One of last year's uproars was the decision by US officials to carry out an audit of these gold vaults. Gold verification at Fort Knox March 1998, page 3. In addition to facilities in West Point and Denver, the Fort Knox facilityknown as the U.S. Bullion Depositorystands out for its reputation as an impenetrable fortress. Exhibit 7.1. In one case, the auditors were allegedly unaware that the scale was showing standard ounces rather than troy ounces, which all precious metals are weighed in, throwing an entire days worth of measurements out of whack (that a scale used for precious metals would ever be set to anything besides troy ounces is questionable). In June 1975 the Secretary of the Treasury authorized the continuing audits of the US owned gold stock. Several more examples of these blurry situations are shown in the released documents. Fort Knox, major U.S. military reservation in Meade, Hardin, and Bullitt counties, northern Kentucky, U.S. All your favorite.50 games all in one club! Cleverly located at the intersection of Gold Vault Road and Bullion Boulevard, the bullion depository at Fort Knox was constructed and housing the growing government stock of gold by 1937. Donald Trump Doesn't Think So. The opinions and forecasts herein are provided solely for informational purposes, and should not be used or construed as an offer, solicitation, or recommendation to buy or sell any product. Fort Knox is in Romeo (R) time. More than half of . The novel begins: 7:20 am, September 11, 2015. 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. Try Army A-Z. 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. Are you already an expert in everything America? All the benefits of simply switching from white to brown - AND how purple, Will El Salvador's new mega-prison turn into a bloodbath? Fort Knox - RationalWiki PDF AUDIT REPORT - BullionStar US Mint Releases New Fort Knox Audit Documentation. Between 1933 and 1937, this increased . The BGFO and Mint staff was replaced by the OIG and the revised audit procedures were invented as a reason to open several compartments. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. On September 24, 1974, a special settlement (audit) is scheduled to begin and at its conclusion a report on the audit will be issued. Daily free rolls! 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. I'm a vet, and here are five dog breeds most prone to cancer - including Golden Retrievers and Rottweilers. US Mint Releases New Fort Knox "Audit Documentation". The First I decided to send an email to the FOIA online Help Desk to ask what happened to my request. Weve focused on the first audits of the gold stored by the US Mint. PBOC Gold Purchases: Separating Facts from Speculation. The Fort Knox Mine was initially certified in full compliance with the Cyanide Code in February 2008 and was recertified in September 2011, in February 2015, and in August 2018. July 1986 12,477,777.638 [this number Icopied from the 1986 report]. FORT KNOX MINE ICMC SUMMARY AUDIT REPORT . The Mint and the GAO were sanctioned to audit a portion of the Treasury's gold. : 201217896Z The gold is held as an asset at a value of $42.22 per ounce. 45 New Bridge Road, Singapore 059398 Singapore noting that it was "over 20 years" since the last one. Fort Knox Scandal - Chapter 20 - Bill Still's Monetary Reforum When the mint finally produced the audit documentation, Jansen received 134 lightly redacted pages (rather than the estimated total of 1,200 pages). Until 1953, there were serial number audits of the gold and some assaying as I explain but that became costly and time intensive. The assayer is unknown and there was no assay report included in the audit report. The US official gold reserves are the worlds greatest by far at 8,134 metric tonnes. His analysis has helped fill in the gaps about how much gold is passing into China each year, which is treated tantamount to a state secret by the Peoples Republic. An excuse was needed to break the seals. Visitor Information :: U.S. Army Fort Knox: Gold Standard Army Installation 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. A waiting list may be required and part-time or hourly care may need special planning depending on demand, mission requirements, etc . Buffalo Coins, American Eagle To access the gold vault at Fort Knox, you'd need to make your way through a network of security measures. The First Critical Observations", February 2017. Doubts About America's Official Gold Holdings: The US Gold Reserve By using our website, you accept that cookies are used. Tuesday March 22, 2016 13:20. Coincidentally almost all the gold assayed by the OIG from 2004 2008 was 9999 fine. Honor, Rolls, According to the reports available to us,in 1985 the committee had to conclude the gold at the FRBNY was never audited! On this sheet 5 physical gold audit reports are listed, framed in red. Exhibit 2. 'It would really be quite a movie if we walked in and there was no gold. In a series of posts well continue to examine all there is to find regarding the audits of US official gold reserves. 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. ', 'All I will say is that it is freakishly well secured,' he said. The audit announced, however, would include just 20% of the gold. 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. Small quantities of gold are removed to test the purity during regularly scheduled audits. The monetary gold stock of the United States totals 276.0 million fine troy ounces valued at $11.7 billion at the official rate of $42.2222 per fine troy ounce, and is stored in various federal depositories (table attached), the largest of which is at Fort Knox, Kentucky. More anomalies with regard to the audits of the US official gold reserves will be discussed in forthcoming posts. For this post well focus on the continuing audits of U.S.-owned gold, as these audits should proof there is gold in Fort Knox. 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. The U.S. Government Spent Fort Knox GoldHundreds of Times Us, ALL Coin bars are assaying 899 to 901 per mille or 915 1/2 to 917 per mille,roughly 90 % pure, and these types of bars allegedly form the bulk of the US official gold reserves. Official records claimed 20,000 tons in the 1950s. July 21, 2017 7:24AM. Thats 6 down, 7 more to go. I personally believe that rumor and the bulk of it has been sold off to the rich elites. In 1977 the New York assay office, which is a subsidiary of the US Mint, conducted the assays. The One "Audit" Of Fort Knox. 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. Official Joint Seal inspection records from Fort Knox, June 1998 (courtesy of Koos Jansen through Freedom of Information Act). You requested access to audit reports of the United States Department of the Treasurys official gold reserves published by the Committee for Continuing Audit of the U.S. Thank you for signing up with United States Mint! . After the gold was audited by the Continuing Audit committee all compartments were placed under Official Joint Seal. 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. Fort Knox Looted of 7,000 Tons of Gold in 1973-1974 says 1981 Article! 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.