Former US Mint director Edmund Moy has stated in 2013 US reserves contain mainly coin bars because of the great confiscation in 1933 by President Roosevelt, when US citizens were forced to hand in all physical gold. 2021 what a year, Fort Knox! | Article | The United States Army 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. By Patrick A. Heller. Small quantities of gold are removed to test the purity during regularly scheduled audits. However, until the missing audit reports show up we can only look at this case as its presented by the US government through the documents that are publicly available. The Fort Knox facilitys reputation is thanks to its world-renowned system of security measures, from countless cameras to U.S. Mint Police guards, military helicopters, land mines, fences of barbed and electric wire, and a virtually impregnable vault door. In the excel sheet with the bar list of gold stored by the US Mint, published a few years ago, we can see nearly all the gold is low purity roughly 90 % pure very little was 9999 fine. HOME; EVENTS; ABOUT; CONTACT; FOR ADULTS; FOR KIDS; accident on 9w marlboro, ny today The assay tests found no irregularities. I'm a vet, and here are five dog breeds most prone to cancer - including Golden Retrievers and Rottweilers. Fort Knox facts. initial 1974 Fort Knox audit which was conducted by GAO and Treasury auditors. When the mint finally produced the audit documentation, Jansen received 134 lightly redacted pages (rather than the estimated total of 1,200 pages). I left school at 16 with six GCSEs - and became a self-made millionaire. Audit report Fort Knox 1981. Next was the GAO; unfortunately they couldnt deliver anything I was looking for. The U.S. gold reserves at Fort Knox are broken into different numbered compartments within the gold vault. Is There Gold in Fort Knox? - CBS News Given the date range of your request 1975-1984, the nature of the report an annual audit of gold, and the fact that reports of similar type have been periodically published on the Internet, it is likely that copies and drafts of these reports are in the legal and physical custody of the Department of the Treasury. After some correspondence back and forth I finally got an email saying my FOIA was exported out of FOIAonline because myrequest was for access to historical records. The last trial was a "hybrid" SAG, with one cyclopac underflow feeding the . An excuse was needed to break the seals. Bags, & Boxes, Code I also want to assure you that the physical security over the gold reserves is absolute. In October 1984, 4,136,046.924 fine troy ounces of gold were reaudited at the United States Mint, Denver. 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. Fort Knox Gold: Once upon a time, the Fort Knox Bullion Depository was a vast storehouse for American gold. 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. In an interview, McConnell said he could not say much about the visit for security reasons. Written by Jan Nieuwenhuijs, originally published at Voima Gold Insight. 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. Facilities, Production In 1953, the US Treasury Department audited Fort Knox, but only around5% of the goldunderwent testingfor purity. Why havent we ever seen any assays of coin bars? 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. 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. Fort Knox is a U.S. army base in Kentucky, best known for the United States Bullion Depository which holds a large part of the U.S. government's reserves of gold. Between 1933 and 1937, this increased . The official story from OIG is that 100 % of the gold stored at Fort Knox was audited in between 1974 and 1986, . So once you have done that, and that seal remains unbroken, then I am not sure what other benefit there would be to going back into it at that point. Doubts About America's Official Gold Holdings: The US Gold Reserve (in millions of ounces), SIGN UP FOR EMAIL UPDATES AND TEXT MESSAGE ALERTS ABOUT PRODUCTS. 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. 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. 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. Fort Knox history. Its glittering gold . Next, we can see Thorsons list he presented of physical gold audit reports of the continuingaudit program from 1974 to 1986. Jansen found instances in which the Treasurys auditors failed to follow the governments own procedures for the auditing process. Not only were the vault compartments at the FRBNY exempt from being sealed, in addition, for an unknown reason assay tests were never performed at the FRBNY! Company Registration No. By Jennifer Liberto @ CNNMoney June 24, 2011: 11:58 AM ET. Government-owned Gold, or my office, and placed under official joint seals. Here is a rundown of some of Kooss key findings. I personally believe that rumor and the bulk of it has been sold off to the rich elites. They could only find 2 reports I didnt posses previously, of the audits conducted in 1985 and 1986. Republican frontrunner Donald Trump hinted at the idea that there just might be no gold in the U.S. Several more examples of these blurry situations are shown in the released documents. Others claim the goldis actually justtungsten bricks painted to look like the precious metal. Answer (1 of 2): Internally, it is done annually. *In 1974 the New York assay office tested 95 bars. 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. . US citizens were required to sell their gold bullion - bars and coins - back to the State. Gold at Fort Knox? Donald Trump Doesn't Think So | Kitco News Then, something very strange happened in 1983. Fort Knox gold subject of hearing. 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 'So many dead. 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. 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. Liberty, Bush In response to a FOIA request the US Mint has finally released reports drafted from 1993 through 2008 related to the physical audits of the US official gold reserves. Matt Bevin. The Great American Disaster: How Much Gold Remains In Fort Knox? The assayer is unknown and there was no assay report included in the audit report. Between 10 and 1974 about 1986% of the gold was weighed in, a big drop from 2. In a series of posts well continue to examine all there is to find regarding the audits of US official gold reserves. Because this is the department currently responsible for the audits I was surprised my request to obtain all audit reports wasnt honored. Text Alerts, Contact This is basically an affirmation that the bullion was up to snuff at the last audit, and has been sealed since. There Is No Proof All Gold Is In Fort Knox. Mistakes That Created America As You Know It, What It Was Like to Enter Through Ellis Island, Uncivilized Moments on the Congress Floor, Heinous Policies Toward Children and Families, Times Another US Civil Conflict Almost Began, Proposed States and Territories That Almost Were, A History of Foreign Meddling in US Elections, 1812: The Biggest Mess in the Country's History, Fort Knox Is So Mysterious And Heavily Guarded, Only One US President Has Ever Been Inside, video cameras, motion detectors, and secret microphones. Fort Knox, Kentucky is an Army base with more than one hundred thousand acres stretching across three counties. The US official gold reserves are the worlds greatest by far at 8,134 metric tonnes. This is what it said: This is in response to your March 2, 2015 Freedom of Information Act (FOIA) request for records in the custody of the National Archives and Records Administration (NARA). *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. No need to read about these fascinating facts and important events that have shaped the U.S. as we know it today. A second storage facility was built at the same time: . One particular compartment with 19,800 gold bars was recorded as being moved in the 1996 audit, yet was checked again in 1998 (with the same 19,800 gold bars) with no reference to the fact that this is almost certainly the same sample of gold inspected two years prior. Let me show you an example of Fort Knox. 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. Buy for Vault Storage in the United States Built in 1936, security access for the facility make it difficult to get access. 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). After writing it Ive been trying to collect all audit reports dating from1974 1986. Scales at the Mint used to weigh the bars often didnt work properly. The Treasury document says it would cost about $15 million to conduct an audit. The missing audit reports and assay reports feed into our skepticism. Donald Trump Doesn't Think So. The facility also featuresvideo cameras, motion detectors, and secret microphones, all set to pick up the presence of anyone or anything that doesn't belong. Miles Franklin sponsored this article by Gary Christenson.The opinions are his, and they are not investment advice. The last time Fort Knox was audited was in 1953, immediately after President Eisenhower was inaugurated. 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. This fits right into how the US government imposes audits on their official gold reserves; the audits are performed by the US government itself. Given all the protection, it seems obvious that billions of dollars worth of gold (or something) indeed resides at Fort Knox. 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-Backed-Oil-Yuan Futures Contract Myth, Estimated Chinese Gold Reserves Surpass 20,000t. 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. It saves time and labor costs. You may consider submitting a FOIA request directly to the Treasury Department. An intruder standing on the roof of the Fort Knox Bullion Depository on the morning of September 11, 2015 would have seen the sunrise in the east. Kinross - Fort Knox Mine April 22nd, 2021 Signature of Lead Auditor Page 2 of 47 . 'It would really be quite a movie if we walked in and there was no gold. The event, Sept. 23, 1974, is often inaccurately called the last audit of Fort Knox. Compared to the samples taken in the 1950s and 60s, the standards for the integrity of the sample size had fallen sharply. "good delivery" bricks of gold found gutted and filled with tungsten within the confines of LBMA approved vaults in Hong Kong. US Army Cadet Command Headquarters | Military Base Guide 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. 15919 Avenida Venusto, Apt. The vaults were last opened to the public in the 1970s, and the last treasury secretary visit was in 1948. However, the documents released are incomplete and reveal the audit procedures have not been executed proficiently. Instead, I was advised to contact the Treasury. At various times, it has been used to store other valuable items, such as the Declaration of Independence, one of the four copies of the Magna Carta, and the crown jewels of foreign nations. Does The Fort Knox Gold Really Exist? | Gold Eagle The assayer is unknown and no assay reports have been included in the audit reports. www.smartaccess.us . And we attempted to contact a records management officer at the Treasury Department, but did not receive a reply as of the date of this letter. In addition to facilities in West Point and Denver, the Fort Knox facility-known as the U.S. Bullion Depository -stands out for its reputation as an impenetrable fortress. . Furthermore, these audits found no exceptions of any consequence. Contact Us. For the other years we dont know whatoffice performed the checks. ', 'I assume the gold is still there,' he said. random nose bleed covid. Fort Knox is also on the list of these 10 forbidden places that no one is ever allowed to visit. The First Critical Observations", February 2017. Gold verification at Fort Knox March 1998, page 1. for Dads, American Women's History Coins & No outside experts were allowed on the site for the audit, either,providingfodder for all kinds of conspiracy theorists. Paul has introduced legislation that would require an independent audit of the 5,000 plus tons of gold bullion that is believed to stored in the Fort Knox, Kentucky vault. One of last year's uproars was the decision by US officials to carry out an audit of these gold vaults. 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. but American gold holdings were reportedly last audited in 1953 (which includes testing for purity); Fort Knox's gold was . Welcome to the Coronation! What was the last time the gold at Fort Knox was audited? 2023 DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. Us, ALL GAO stands for General Accounting Office, OIG stands for Office of Inspector General. Newborns, Gifts BREAKING: Fort Knox Audit Documentation Finally Released It seems that a portion of the Mint and the U.S. gold reserves were audited in an assay between 1993 and 2008, as you acknowledged. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. The gold vault at Fort Knox is "encased in 16,000 cubic feet of granite and 4,200 cubic yards of cement." Former US Mint Director Clueless On Gold In Fort Knox - GoldSeek Need Help? Until 1953, there were serial number audits of the gold and some assaying as I explain but that became costly and time intensive. My assumption is, these assays from 2004 2008 are all assays authorized by the OIG from 1993 2008 and therefor cover 3 % of the gold stored at the US Mint. Select stock location for your desired country in the dropdown to view our inventory available in that country. teaching assistant pay netmums; when was the last time fort knox was audited. July 21, 2017 7:24AM. He ought to have known precisely how many pages were needed and presumably where to find them. What's really inside Fort Knox? The golden secrets of the US Bullion There has not been any movement of inventoried gold since that time. 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. Where's The Gold! ? Is Fort Knox Empty? - common-sense-in-america.com US Mint Provided Fort Knox Gold Audit Documents!! Join FORT KNOX code Axykp! This was the first time the OIG was responsible for the audits of the gold at the Mint (note, this same OIG is still responsible for the audits). 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. The controversial 'trauma expert' interviewing Prince Harry: Gabor Mat was warned by the Canadian A big Beckham birthday! Fort Knox | fort, Kentucky, United States | Britannica While the gold at Fort Knox was partially audited in the past, the gold at the Federal Reserve Bank of New York was never looked at. Try Army A-Z. It was also the first visit by a serving US Treasury Secretary since 1948. In 1983 the OIG found out something was amiss with the audits performed 1974 1982. Share this page: Army.mil. 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 the bullion, 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 results of the assays by Ledoux & Company and White Sands Missile Range presented by the OIG at the congressional hearing show nearly all 9999 fine gold (see exhibit 3, or read page 62 to 124 from this document). 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. President Reagan last spring demanding that this be looked into immediately. U.S. Government Lost 7 Fort Knox Gold Audit Reports In performing the audit, the gold bars are physically moved from one vault compartment to another. Inspection of Gold at Fort Knox | U.S. Mint - United States Mint The OIG audited 3 % from 1993 2008. Maybe a room or two full of gold but the rest is gone. Day trip: Steve Mnuchin and his wife Louise Linton touched down in Kentucky earlier on Monday prior to the Treasury Secretary's tour of Fort Knox. . In an audit conducted at Fort Knox in 1953, 88 ingots were counted for verification. & Medal Programs, Tours The audit announced, however, would include just 20% of the gold. 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. However, there has been considerable doubt over the years as to whether the depository actually held any gold. All your favorite.50 games all in one club! This document also contains a summary of the 1980 audit which, by the way, isnt less detailed than the full 1981 report. Monetary Gold Stock of the United States Medals, Email & PDF ICMI Gold Mining Audit Report - International Cyanide Management Code 4,243 bars were relocated from vault Jcompartment 19, to vault J compartment 2, at the Denver depository. 45 New Bridge Road, Singapore 059398 Singapore It lies 30 miles (48 km) southwest of Louisville and occupies an area of 172 square miles (445 square km). Is Gold in Fort Knox Real? Ron Paul Wants to Know - CNBC All the benefits of simply switching from white to brown - AND how purple, Will El Salvador's new mega-prison turn into a bloodbath? Alaska, USA . Then let's raise a glass to a slower, quieter 2022 . Between July 1983 and July 1985 the gold was audited in accordance with the plan approved by the Treasurer, as follows. He tweeted " Glad gold is safe! The reports from 1974 and 1977 weve extensively analyzed in my previous post Second Thoughts On US Official Gold Reserves Audits, published on February 9, 2015. 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. Meanwhile I was fortunate to find the 1981 audit report at the website The Golden Sextant fromReg Howe. Tuesday March 22, 2016 13:20. Did The Dutch Central Bank Lie About Its Gold Bar List? Part One, all golden coins that circulated in the US before 1933 could not have supplied the US official gold reserves to the extent Mr Moy has stated. The Fort Knox Gold was last audited in the 1950s. Sevenreports are missing. As required under the Cyanide Code, the mine was again audited against ICMI's Verification Protocol by independent professional third-party auditors within three . This is remarkable. Your request was received in this office on March 3, 2015 and assigned FOIA case number RD 45578. On top of this, a decades worth (1993-2003) of Joint Seal inspections from the Denver and West Point depositories are not accounted for. In July 1985, 11,912,458.207 fine troy ounces of gold were reaudited at the Fort Knox Depository. The intention in 1975 was to audit the gold at the FRBNY, but then, a few years down the road the gold at the New York Fed was mysteriouslyexempt from the continuing audits program. 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. No irregularities were found. 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. Review of US Bullion Depository (Fort Knox) gold audits - plenty of The audit, which includes facilities, roads, parking lots, fences and utilities that are each valued at $250,000 or more, involved 1,053 sites and encompassed researching, identifying, reviewing . 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. As a freebie trip for 4 select political insiders, last Monday's trip to Fort Knox was undoubtedly a memorable one . 'It's not even the annual funding level for some of our large departments in the federal government,' he said. 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. Ron Paul questions whether there's gold at Fort Knox, NY Fed *Its likely 97 % of the audited gold by the continuing audits committee has not been assayed by an independent assayer. I decided to send an email to the FOIA online Help Desk to ask what happened to my request. Only One President Has Ever Been Inside Fort Knox Why Is It - Ranker I am glad to report that everything at the depository looked to be secure and in order. Secretary of the Treasury Steven Mnuchin visited Fort Knox on August 21. There was nothing left to do but submit a Freedom Of Information Act (FOIA) request. Fort Knox, major U.S. military reservation in Meade, Hardin, and Bullitt counties, northern Kentucky, U.S.
