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Alaska, USA . He attempted to pinpoint how the Treasury Department verifies that the gold in its vault is both present and real. 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.). . What the Hell is This?: Mnuchin Tweets on Fort Knox Gold Kids, Gifts for The gold stored in these compartments would get moved around if samples were taken for assaying during the audit. From the 1985 report: No outside experts were allowed on the site for the audit, either, providing fodder for all kinds of conspiracy theorists. U.S. President Franklin D. Roosevelt passed legislation outlawing private ownership of gold, and gave instruction to build the depository at . 26 Feb 2017 13:18. 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. 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. Same story at the US Mint and US National Archives. I left school at 16 with six GCSEs - and became a self-made millionaire. On top of this, a decades worth (1993-2003) of Joint Seal inspections from the Denver and West Point depositories are not accounted for. 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. Ron Paul introduced a bill that would require the Fed to manually audit every U.S.-owned gold . Two tetrahedron-shaped chips were removed form the top and bottom of each bar assayed. Moving on to the assay tests conducted at the US Mint. No irregularities were found. Telephone: (502) 624-2386. Your request was received in this office on March 3, 2015 and assigned FOIA case number RD 45578. Republican frontrunner Donald Trump hinted at the idea that there just might be no gold in the U.S. 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. There was nothing left to do but submit a Freedom Of Information Act (FOIA) request. Connecting thereto, from Thorsons opening statement: My office began conducting annual audits of the gold reserves in Fiscal Year 1993. there has not been anyone allowed access to confirm the gold amounts that are supposedly stored at the Fort. "Glad the gold is safe!". In June 1975 the Secretary of the Treasury authorized the continuing audits of the US owned gold stock. Honor, Rolls, For the first time photographing is being permitted inside the Depository.. noting that it was "over 20 years" since the last one. The last time Fort Knox was audited was in 1953, immediately after President Eisenhower was inaugurated. Tiger Woods unleashes his lawyers on porn site after it Bannon is 'going to war' against Jared, 'crying Ivanka' and A whole hue world! Circulating " He told an audience in Louisville, "I assume the gold is still there.". Does The Fort Knox Gold Really Exist? | Gold Eagle Revealed: The new '23' number plates the DVLA deems offensive and has banned including EU23 OFF and GO23 HEL, The secret WhatsApp mode that lets you EDIT texts after you've sent them. US Mint Provided Fort Knox Gold Audit Documents!! 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. when was the last time fort knox was audited. The Congressional inspection adheres to the new open door policy of the government announced by President Ford. Your browser is out of date. 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. The US government wished to open the vaults of audited gold to lease or sell the metal on the open market. After writing it Ive been trying to collect all audit reports dating from1974 1986. Treasury Secretary William E. Simon issued the invitation to Congressmen to inspect the gold at Fort Knox. US Government Lost 7 Fort Knox Gold Audit Reports I am glad to report that everything at the depository looked to be secure and in order. & Medal Programs, Tours 2021 what a year, Fort Knox! | Article | The United States Army The New Year kicked off . Fort Knox Gold: Once upon a time, the Fort Knox Bullion Depository was a vast storehouse for American gold. The Great American Disaster: How Much Gold Remains In Fort Knox? Jun 5th, 2022 . Answer (1 of 2): Internally, it is done annually. One of the mostsecure andinaccessible places in the world, the facility once held the Declaration of Independence and Bill of Rights. The US official gold reserves are the worlds greatest by far at 8,134 metric tonnes. Fort Knox Security: The Most Heavily Guarded Place - Reader's Digest I can say that without any hesitation, because I have observed the gold and the security of the gold reserves myself. 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. 147.4 million fine troy ounces, valued at $6.2 billion, is stored in 13 vault compartments at Fort Knox Bullion Depository. On the way to the vault, a literal mine field and an electric fence protectthe gold. At its peak, 649.6 million ounces were stored at Fort Knox on December 31, 1941. Fort Knox is Probably Empty, Gold Missing - Stillness in the Storm "The last time anybody went in to see the gold, other than the Fort Knox people, was in 1974 when there was a congressional visit. I personally believe that rumor and the bulk of it has been sold off to the rich elites. walked past guards armed with submachine guns and through a 3-foot thick steel door into the . Despite continued inquiries, the US Mint refuses to offer up proof of the exact amount of gold held at Fort Knox. Reversal of this policy on a one time only basis came as a result of a series of peculiar events that resulted in a congressional demand for an audit of the bullion depository, and a first-hand viewing of the gold deposited there. Thats 6 down, 7 more to go. The vaults were last opened to the public in the 1970s, and the last treasury secretary visit was in 1948. No photographs were allowed, of course. 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. Given all the protection, it seems obvious that billions of dollars worth of gold (or something) indeed resides at Fort Knox. Fort Knox and The Missing Gold! - Strange Unexplained Mysteries . Fort Knox gold subject of hearing. And the problem goes far beyond missing audit reports. The 1974/1975 and 1978 reports refer to the audits conducted in 1974 and 1977. When the mint finally produced the audit documentation, Jansen received 134 lightly redacted pages (rather than the estimated total of 1,200 pages). The last full audit was done in 1953 . In June 1975, the Treasury Secretary authorized and directed a continuing audit of U.S. BY . Should America's Gold Reserves Be Audited? - Sound Money Defense In 1974, WCPO Anchor Al Schottelkotte got a rare look inside the gold vault at Fort Knox, Kentucky. Fort Knox, major U.S. military reservation in Meade, Hardin, and Bullitt counties, northern Kentucky, U.S. There Is No Proof All Gold Is In Fort Knox. 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. In 1953, the US Treasury Department audited Fort Knox, but only around 5% of the gold underwent testing for purity. 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. From 1993 to 2008 the remaining 3 % of the gold reserves stored at the US Mint hasbeen audited I assume. As the last days tick away, let's take a moment to recap the top 12 stories at Fort Knox that shaped our 2021. It was obvious that some of the records were missing (or not provided). As a freebie trip for 4 select political insiders, last Monday's trip to Fort Knox was undoubtedly a memorable one . He also mentioned that despite this being the first visit by a group of politicians and journalists to Fort Knox since 1974 - he was the first serving Treasury Secretary to visit since 1948. Talkers Medals, Military Experts weigh in as tremors hit Wales, Cornwall and the Are YOU eating the right colours? Fort Knox Is So Mysterious And Heavily Guarded, Only One US President Fort Knox is in Romeo (R) time. Tuesday March 22, 2016 13:20. 1495,not enacted) in 2011 the Inspector General (IG) of the Treasury presented a case all is fine, but all is not fine. 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. But by 1986, you had 97 percent was audited. Determined to uncover more about the bullion stockpile, BullionStars Koos Jansen submitted a number of Freedom of Information Act (FOIA) requests to the U.S. Mint. 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! 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. 'It just kind of came up as a result of a casual conversation,' McConnell said. www.smartaccess.us . The process would take about 30 minutes to verify the gold content of each bar, or 350,000 man hours; to do that . ByI forget which date it was, I believe by 1986, wehold on just one second here, I got it. Each gold bar is 7 inches x 3 and 5/8 inches x 1 and 3/4 . Dollars, Native 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). 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. Even then only 5% of the examined bullion was weighed and assayed to determine its purity. Equal Employment Opportunity. The gold is held as an asset at a value of $42.22 per ounce. Is There Gold in Fort Knox? - CBS News . All your favorite.50 games all in one club! Buffalo Coins, American Eagle 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. . 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. Do you think it would be worthwhile, at least, to inventory and assay this portion of the Mint-held gold? Between 1933 and 1937, this increased . The novel begins: 7:20 am, September 11, 2015. . The next screen shot is from the reply by the FOIA help desk on May 6, 2015. But theories exist regarding other possiblecontents of the vault -like the body of Jimmy Hoffa. 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. The public may never know. Donate here, Idaho House Votes to Authorize State Gold & Silver Holdings, 34 Wyoming House Members Thumb Their Noses at Sound Money, Catch-22: Rate Hikes May Fuel Even MORE Inflationary Deficit Spending, Vermont Seeks to Become 44th State to Roll Back Sales Tax on Sound Money, Mississippi Legislature Votes Overwhelmingly to End Sales Taxes on Gold and Silver, VIDEO: President of Money Metals Exchange Joins Gold Standard Podcast to Discuss Sound Money Legislation, Iowa Seeks to End Capital Gains Taxes on Gold and Silver, Mississippi Bill Would End All Taxes on, Invest State Funds in, Gold & Silver, Kentucky Lawmakers Aim to End Sales Taxes on Sound Money, Missouri Senate Votes to End Income Taxes on Gold and Silver, Hold Monetary Metals in Reserve, Legislators Seek Repeal of Wisconsins Controversial Sales Tax on Gold and Silver. The last time that Congress audited it was 2019. We asked the experts - and their answers will terrify you Public Service Announcement, do NOT watch these ads! 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. 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. Much of this newfound gold came into government coffers as a result of President Franklin Roosevelts executive order confiscating privately held gold in 1933. The audit will be performed by a committee of auditors from the U.S. General Accounting Office (GAO) and the Department of the Treasury. 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). 'So many dead. Phone: +65 6284 4653, Chinas Secret Gold Supplier Is Singapore, Audits Of US Monetary Gold Severely Lack Credibility. 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. 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. 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. With regardto my quest for all reports, lets have a look what US government departments could not deliver whatI was looking for: First was the Counsel to the Inspector General Department of the Treasury. PDF Fort Knox, Kentucky - United States Army Did audit reveal missing gold . 97 percent of the gold was checked and sealed in an audit that ended in 1986, and annual partial audits by a third-party accounting firm continued after that, he said. Bear in mind that another FOIA request for internal email correspondence relating to the initial inquiries revealed that the official who provided this exaggerated estimate of how difficult the task of producing the documents would be was an auditor himself and among the authors of the documents that Jansen sought in the first place! 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. 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. The missing audit reports and assay reports feed into our skepticism. They could only find 2 reports I didnt posses previously, of the audits conducted in 1985 and 1986. (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 . Located in Kentucky, Fort Knox is a United States Army base whichhouses most of the US's gold reserves. Visitor Information :: U.S. Army Fort Knox: Gold Standard Army Installation 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. Sevenreports are missing. 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. *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. Answer (1 of 2): Who knows but it is rumored that the majority of the gold in Fort Knox no longer exists! 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. ( 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. The usage of cookies and the collection of customer information by BullionStar is guided by our. 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. 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. : 201217896Z Small quantities of gold are removed to test the purity during regularly scheduled audits. 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. Vault: Rare look inside gold vault at Fort Knox - WCPO To access the gold vault at Fort Knox, you'd need to make your way through a network of security measures. Fort Knox Looted of 7,000 Tons of Gold in 1973-1974 says 1981 Article! This fits right into how the US government imposes audits on their official gold reserves; the audits are performed by the US government itself. That shipment required a convoy of 33 15-ton trailers to move the gold. 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. Inside the lonely life of 'pavement killer': Neighbours reveal how 'childlike' disabled woman jailed for Tragedies of Everest: The adventurers forever frozen in ice after losing their lives scaling the world's 'Why the last-minute delay?' However, in some instances, the rationale for moving gold from one compartment to another proved elusive. Between July 1983 and July 1985 the gold was audited in accordance with the plan approved by the Treasurer, as follows. Then let's raise a glass to a slower, quieter 2022 . Try Army A-Z. 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 gold vault at Fort Knox is "encased in 16,000 cubic feet of granite and 4,200 cubic yards of cement." 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. 4. Fort Knox Gold - History of Fort Knox | BullionByPost Fort Knox sits on over 100,000 acres and houses 30,000 military personnel. 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. Share this page: Army.mil. Click on the links for more information:Buy for Vault Storage in Singapore 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. . The Gold-Backed-Oil-Yuan Futures Contract Myth, Estimated Chinese Gold Reserves Surpass 20,000t. 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. Weve focused on the first audits of the gold stored by the US Mint. A congressional delegation and some journalists got a look at the gold in 1974. CHARLOTTE, NC / ACCESSWIRE / May 26, 2021 / America's gold reserves would be audited for the first time in more than 60 years if a measure introduced yesterday by U. The last time any gold was removed from deep storage at Fort Knox came in 1971, when $500 million worth of gold was delivered to the New York Assay Office. Official Joint Seal inspection records from Fort Knox, June 1998 (courtesy of Koos Jansen through Freedom of Information Act). The Mint estimated that as much as one-third of the gold reserves were examined during this period. 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. *In 1974 the New York assay office tested 95 bars. 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. Inspection of Gold at Fort Knox | U.S. Mint - United States Mint