The first screen shots below are from a gold verification at Fort Knox in March 1998. 312 tonnes of the total is 4 %. Same story at the US Mint and US National Archives. 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. Mnuchin's Visit to Fort Knox l JM Bullion 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. Honor, Rolls, . The vaults were last opened to the public in the 1970s, and the last treasury secretary visit was in 1948. 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). Beginning in 1974, the auditors of the U.S. government's gold reserves held at Fort Knox, Ky., and at the U.S. Mint facilities in Denver, Colo., and West Point, N.Y. (which was named the West Point Bullion Depository from its opening in 1937 until it gained status as an official Mint in 1988), started a 10-year program to verify 100 percent of the gold reserves. Moreover, it showed a number of (at best) inconsistencies in how the mint conducts its bullion inspection for auditing purposes. As a newcomer to Fort Knox, you are a part of the Gold Standard team that is making the Army's vision a reality. 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. Conspiracy Watch: All the Gold in Fort Knox - Mother Jones The fact that 7 audit reports that should grant the existence of these reserves appear to be missing is problematic. Coins, Tours & Daily free rolls! . It was a magnificent golden sunrise that inspired visions of glory, wealth, and beauty. Pursuant to that order, the Committee for Continuing Audit of the U.S. At its peak, 649.6 million ounces were stored at Fort Knox on December 31, 1941. Interactive map reveals when you may see SNOW. Secretary of the Treasury Steven Mnuchin visited Fort Knox on August 21. Remember, were investigating the audits of the greatest gold hoard on earth, which underpins the world reserve currency the US dollar. CoinWeek: Rare Coin, Currency, and Bullion News for Collectors, it should be clear that the Deep Storage gold has not been audited by professionals, but the precious metals have been verified by imbeciles., submitted a number of Freedom of Information Act (FOIA) requests, Kolbe & Fanning Booksellers Buy or Bid Sale #3 Today Through March 15, Selections from Atlas Numismatics New Ancient, World Coin Inventory, Lesser Known History of the US Mint in Saudi Gold and Other Tales, Bitcoins and Physical Cryptocurrency in Stacks Bowers Auction. initial 1974 Fort Knox audit which was conducted by GAO and Treasury auditors. Representative Alex Mooney (R . We asked the experts - and their answers will terrify you Public Service Announcement, do NOT watch these ads! Fort Knox Gold - History of Fort Knox | BullionByPost Lets recap what weve studied in the previous posts. Buy, ship and store bullion with BullionStar in/from different countries. His visit was the one and only time a gold vault was opened for inspection for anyone other than authorized personnel. Of course,strange things have been stored in the vault, like morphine and opiumduring the early '90s. 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. Koos takes a sharp jab at how the government bureaucracy operates, inveighing (with cause) that it should be clear that the Deep Storage gold has not been audited by professionals, but the precious metals have been verified by imbeciles.. Mint Medals, Shop All Paper 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. Bureau of Government Financial Operations [BGFO]. The WORST care homes in England: Interactive map reveals the lowest-rated 2,530 residences - so is there one Do YOU know your Adam and Eve from your Ruby Murray? Between 1933 and 1937, this increased . An overview starting from 1953: *In the 1953 report we could read 26 bars (0.00002 % of the total stash at that time) were assayed from bore samples. Matt Bevin. Gold Reserve Transparency Act would count all the gold held by - Medium Fort Knox claims billions of dollars worth of gold are stored away in its secret vault. 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. Fort Knox opens famed vault to civilians after 40 years teaching assistant pay netmums; when was the last time fort knox was audited. One of last year's uproars was the decision by US officials to carry out an audit of these gold vaults. The last Congressional visit prior to this occurredin 1974. 213K subscribers in the Wallstreetsilver community. 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. 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. Secretary Mnuchin's statements were not helpful. Fort Knox and The Missing Gold! - Strange Unexplained Mysteries Does The Fort Knox Gold Really Exist? | Gold Eagle . 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. eonon change home screen. Vault: Rare look inside gold vault at Fort Knox - WCPO There has not been any movement of inventoried gold since that time. 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 . The process would take about 30 minutes to verify the gold content of each bar, or 350,000 man hours; to do that . Inspection of Gold at Fort Knox | U.S. Mint - United States Mint 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. By Patrick A. Heller. Ron Paul - Audit Fort Knox (the gold dipped tungsten bars) The First Critical Observations. In the meantime I will fire several new FOIAs at the Office of the Inspector General and others. Shipping within the United States 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. He said it took 'quite a bit of time' to get in and out of the facility, and said officials had to cut a seal to open the vault for them. On the way to the vault, a literal mine field and an electric fence protectthe gold. Try Army A-Z. Fort Knox: "Glad Gold Is Safe!" - Miles Franklin Do you think it would be worthwhile, at least, to inventory and assay this portion of the Mint-held gold? 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. Share this page: Army.mil. 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. I'm a vet, and here are five dog breeds most prone to cancer - including Golden Retrievers and Rottweilers. I left school at 16 with six GCSEs - and became a self-made millionaire. The auditors were bored and decided to re-audit 1,700 tonnes. No outside experts were allowed on the site for the audit, either,providingfodder for all kinds of conspiracy theorists. 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!' The US official gold reserves are the worlds greatest by far at 8,134 metric tonnes. Koos Jansen is a precious metal analyst from the Netherlands. Did The Dutch Central Bank Lie About Its Gold Bar List? 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. 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. You may consider submitting a FOIA request directly to the Treasury Department. Kinross - Fort Knox Mine April 22nd, 2021 Signature of Lead Auditor Page 2 of 47 . 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. A barrel is worth about $1,200 or $2.88 per pound which is 10-18 times the value of U.S. crude oil. It seems these 6 reports (5 documents) are the only ones currently in existence and the remaining 7 have mysteriously disappeared. Is the Coin Market Sleeping on Fairmont Collection Gold Coins? The gold stored in these compartments would get moved around if samples were taken for assaying during the audit. For the best and most secure experience in our catalog, please update your browser. The documents also include new details about Mnuchin's activities at Fort Knox, where the Treasury stores a stockpile of gold with a market value it estimates at $190 billion. The Armored Force School and the Armored Force Replacement Center began operations at Fort Knox in October 1940. 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). 35+ Mind Blowing Fort Knox Facts How Many Did You Know Two tetrahedron-shaped chips were removed form the top and bottom of each bar assayed. What the Hell is This?: Mnuchin Tweets on Fort Knox Gold 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. Company Registration No. All the golden coins that were handed in supposedly accumulated to the greatest gold pile on earth. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. Where's The Gold! ? Is Fort Knox Empty? - common-sense-in-america.com As will conclusions and speculation. Answer (1 of 2): Who knows but it is rumored that the majority of the gold in Fort Knox no longer exists! The First Critical Observations", February 2017. Fort Knox facts. 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. But Bevin, speaking on WHAS radio, divulged a few more details. The reports I did find, and are now publicly available, are: Coincidentally, or not, these reports are exactly the same ones as listed by Thorson at the congressional hearing in 2011 (exhibit 1, framed in red). The gold is held as an asset at a value of $42.22 per ounce. Audit report Fort Knox 1981. Sevenreports are missing. It basically coveredby 1986, 97 percent of the Government-owned gold held by the Mint had been audited and placed under joint seal. Shortly after I got an email that statedmy request had been received and was being processed. He ought to have known precisely how many pages were needed and presumably where to find them. By the end of 1982 the continuing audits committee, which consisted of BGFO and US Mint staff, was reorganized under the Department of the Treasury, Office of the Inspector General. Bags, & Boxes, Code 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). If official documents come to surface I will report accordingly. There Is No Proof All Gold Is In Fort Knox. Lets read more about the audits at the FRBNY conducted under the continuing audits program, a quote from the 1981 report: The audit procedures followed [at the FRBNY] are essentially the same as those followed at Bureau of the Mint depositories, except that assay samples are not taken to verify the purity of the gold. No need to read about these fascinating facts and important events that have shaped the U.S. as we know it today. 35 % first buy in bonus! So, what's really inside Fort Knox? Its glittering gold . In 1953, the US Treasury Department audited Fort Knox, but only around 5% of the gold underwent testing for purity. *Its likely 97 % of the audited gold by the continuing audits committee has not been assayed by an independent assayer. Exhibit 7.1. When will the Beast from the East be at YOUR door? An excuse was needed to break the seals. A separate post will be dedicated to KPMG. Coin di Tiger Woods unleashes his lawyers on porn site after it Bannon is 'going to war' against Jared, 'crying Ivanka' and A whole hue world! The assay tests found no irregularities. Military/Civilian clock Examples of Civilian/Military time conversion. 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. 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. There was no assay report included in the audit report. Despite the fact that a 1953 Fort Knox audit found that 1977% of bullion tested was out of , in 2, we went to 1998% verified ingots. This document also contains a summary of the 1980 audit which, by the way, isnt less detailed than the full 1981 report. PBOC Gold Purchases: Separating Facts from Speculation. " He told an audience in Louisville, "I assume the gold is still there.". but American gold holdings were reportedly last audited in 1953 (which includes testing for purity); Fort Knox's gold was . The audit announced, however, would include just 20% of the gold. The depository holds more than 147 million ounces of gold, which puts its market value at more than $186 billion. The OIG audited 3 % from 1993 2008. Are you already an expert in everything America? "good delivery" bricks of gold found gutted and filled with tungsten within the confines of LBMA approved vaults in Hong Kong. Gold verification at Fort Knox March 1998, page 1. and until 2010, every member of . In October 1984, 4,136,046.924 fine ounces gold was reaudited. For your information, we contacted a librarian at the Treasury Department who informed us that reports from Committee for Continuing Audit of the U.S. As the last days tick away, let's take a moment to recap the top 12 stories at Fort Knox that shaped our 2021. 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. I decided to send an email to the FOIA online Help Desk to ask what happened to my request. In 1953, the US Treasury Department audited Fort Knox, but only around5% of the goldunderwent testingfor purity. Fort Knox, major U.S. military reservation in Meade, Hardin, and Bullitt counties, northern Kentucky, U.S. Ledoux & Company found no irregularities in 2004. But theories exist regarding other possiblecontents of the vault -like the body of Jimmy Hoffa. US Mint Releases New Fort Knox "Audit Documentation". The First Weve barely come across any independent auditor that saw, counted, weighed or assayed the US official gold reserves. Although the quality of the gold in the custody of the Federal Reserve Bank of New York cannot be readily assayed,. Fort Knox Gold: Once upon a time, the Fort Knox Bullion Depository was a vast storehouse for American gold. My FOIA request had disappeared, or did it? His advice to me was to try at the General Accounting Office (GAO) and National Archives for more reports. Mnuchin's PR Visit to Fort Knox proves nothing about the - GoldSeek That shipment required a convoy of 33 15-ton trailers to move the gold. . 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. Other problems sound laughable in their incompetence. On September 24, 1974, a special settlement (audit) is scheduled to begin and at its conclusion a report on the audit will be issued. 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? Compartments audited at Mint institutions and depositories are kept under official joint seal by representatives of the audit committee. ', 'I assume the gold is still there,' he said. In June 1975, the Treasury Secretary authorized and directed a continuing audit of U.S. Bevin, who said he collected coins as a child, compared it to 'seeing a leprechaun on a unicorn. The assayer is unknown and no assay reports have been included in the audit reports. In 1974, WCPO Anchor Al Schottelkotte got a rare look inside the gold vault at Fort Knox, Kentucky. At the congressional hearing of the Gold Transparency Act (H.R. I am glad to report that everything at the depository looked to be secure and in order. Plus, US Mint Police remain a constant presence, and preside over the grounds from four machine gun towers placed around the perimeter. More from 1981 report: The continuing audit is being conducted on a cyclical basis because of the enormous quantity of gold to be handled and the related costs. Should America's Gold Reserves Be Audited? - Sound Money Defense Currency, Shop All A Fort Knox physical gold audit in 1953 was anything but full, neither was the famous audit in 1974. At this stage I havent been able to get my hands on any assay report from 1974 1986. Answer (1 of 2): Internally, it is done annually. More than half of . In a series of posts well continue to examine all there is to find regarding the audits of US official gold reserves. I would like to stress the importance of this failure to deliver the audit reports of 97 % of the official US gold reserves by the department directly responsible at this point in time. The last time Fort Knox was audited was in 1953, immediately after President Eisenhower was inaugurated. No photographs were allowed, of course. previous, Kids Phone: +65 6284 4653, Chinas Secret Gold Supplier Is Singapore, Audits Of US Monetary Gold Severely Lack Credibility.
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