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. How can the IG be positive if he did not have access to the most basic documentation? Dollars, Native 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. I also want to assure you that the physical security over the gold reserves is absolute. Fort Knox is used to store a large portion of United States official gold reserves and occasionally other precious . 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. 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. Manyquestion the amount of gold that supposedly exists in the vault,and wonder what else hides within the building'swalls. To access the gold vault at Fort Knox, you'd need to make your way through a network of security measures. The first screen shots below are from a gold verification at Fort Knox in March 1998. The depository was built following U.S. President, Franklin D. Roosevelt's, controversial 1933 legislation - Executive Order 6102 - which outlawed the private ownership of gold bullion. The last trial was a "hybrid" SAG, with one cyclopac underflow feeding the . Koos mainly provides unique insights about Chinese gold market. US Mint Releases New Fort Knox Audit Documentation. For the best and most secure experience in our catalog, please update your browser. " He told an audience in Louisville, "I assume the gold is still there.". As a newcomer to Fort Knox, you are a part of the Gold Standard team that is making the Army's vision a reality. *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. Liberty, Bush 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. 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. . 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. Your request was received in this office on March 3, 2015 and assigned FOIA case number RD 45578. Train fares will rise by 5.9% TOMORROW - but travellers can still get cheaper tickets if they buy them Why is Britain experiencing so many earthquakes? Fort Knox Operation . 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. This would last until 2010 when the Armor School was relocated to Fort Benning, Georgia. There was no assay report included in the audit report. Tiger Woods unleashes his lawyers on porn site after it Bannon is 'going to war' against Jared, 'crying Ivanka' and A whole hue world! Lets recap what weve studied in the previous posts. Page Last Modified: 8/26/19, 2:56 PM Fort Knox, KY. Our Nation's Gold Standard Army Home. 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. Thats 6 down, 7 more to go. HOME; EVENTS; ABOUT; CONTACT; FOR ADULTS; FOR KIDS; accident on 9w marlboro, ny today Then let's raise a glass to a slower, quieter 2022 . 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. But theories exist regarding other possiblecontents of the vault -like the body of Jimmy Hoffa. No outside experts were allowed on the site for the audit, either, providing fodder for all kinds of conspiracy theorists. The Eisenhower Administration Conducted The Last Audit Of Fort Knox. 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.). Government-owned gold for which Treasury is accountable. More than half of . 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. Published: 22:22 GMT, 21 August 2017 | Updated: 06:57 GMT, 22 August 2017, Honored guests: Treasury Secretary Steve Mnuchin (left) and Senate Majority Leader Mitch McConnell (right) outside the main door to the United States Bullion Depository at Fort Knox on Monday. Remember, were investigating the audits of the greatest gold hoard on earth, which underpins the world reserve currency the US dollar. A waiting list may be required and part-time or hourly care may need special planning depending on demand, mission requirements, etc . Until 1953, there were serial number audits of the gold and some assaying as I explain but that became costly and time intensive. Coins, Precious Fort Knox claims billions of dollars worth of gold are stored away in its secret vault. 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). Jansen is a longtime gold insider and journalist reporting on, for example, the goings-on of the incipient Shanghai Gold Exchange (SGE). Ron Paul introduced a bill that would require the Fed to manually audit every U.S.-owned gold . It lies 30 miles (48 km) southwest of Louisville and occupies an area of 172 square miles (445 square km). Jansen found instances in which the Treasurys auditors failed to follow the governments own procedures for the auditing process. 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. According to official statistics, the United States holds far and away the largest gold reserves of any sovereign nation or supranational institution. The gold at Fort Knox is stored in one of the most secure facilities in the world. 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. However, as Ive written in my post Where Did The Gold In Fort Knox Come From? 147.3 million ounces of gold is stored at Fort Knox. Bureau of Government Financial Operations [BGFO]. For the sake of simplicity, lets say I have both audit reports, 1980 and 1981. 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. 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. Ideas, Gifts for Cookies are also used for the purpose of handling our system and services. ', 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, While primarily known as a vault for gold, the depository also held the Declaration of Independence and the U.S. Constitution during World War II. Two months later I still got no response. 45 New Bridge Road, Singapore 059398 Singapore Ultimately, the Mint concluded that Koos would need to pay over $3,000 in order to have the documents gathered and copied. These could be better understood, or clarified, if we could obtain all audit reports from 1974 1986. Coins, Tours & As will conclusions and speculation. 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. Conclusion. 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. "We have approximately $200 billion of gold at Fort Knox," said Mnuchin. The last Congressional visit prior to this occurredin 1974. Select stock location for your desired country in the dropdown to view our inventory available in that country. 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.. I personally believe that rumor and the bulk of it has been sold off to the rich elites. Let me show you an example of Fort Knox. The speculation has also been amplified by the degree of secrecy surrounding the reserves: Since the depository opened seven decades ago, the only time any member of the public has been permitted inside the facility was when members of the media were (however briefly) invited in on September 23, 1974. 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 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. In 1983 the OIG found out something was amiss with the audits performed 1974 1982. Domestic and International Shipping from Singapore The Fort Knox Gold was last audited in the 1950s. 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. & Sales Figures. The depository holds more than 147 million ounces of gold, which puts its market value at more than $186 billion.
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