Moreover, it showed a number of (at best) inconsistencies in how the mint conducts its bullion inspection for auditing purposes. There Is No Proof All Gold Is In Fort Knox. $800 weekly hand count free roll. Official Joint Seal inspection records from Fort Knox, June 1998 (courtesy of Koos Jansen through Freedom of Information Act). Learn how your comment data is processed. ', 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. The gold stored in these compartments would get moved around if samples were taken for assaying during the audit. 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. 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. there has not been anyone allowed access to confirm the gold amounts that are supposedly stored at the Fort. Thats everything we have, or are aware of. It saves time and labor costs. Revealed: The top 10 fastest-growing destinations for UK pensioners retiring overseas. The Treasury document says it would cost about $15 million to conduct an audit. July 21, 2017 7:24AM. The door weighs 22 tons and is 21 inches thick, and the roof is bomb proof. Official records claimed 20,000 tons in the 1950s. However, a Freedom Of Information Act request Ive submitted in order to obtain all audit reports could not be honored. In an interview, McConnell said he could not say much about the visit for security reasons. 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. It was obvious that some of the records were missing (or not provided). 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 2004 the assayer was Ledoux & Company, a private contractor (read their homepage). Manyquestion the amount of gold that supposedly exists in the vault,and wonder what else hides within the building'swalls. American $1 Coins, SHOP U.S. Government Gold Reserve Auditor Deceptions How can the IG be positive if he did not have access to the most basic documentation? After writing it Ive been trying to collect all audit reports dating from1974 1986. "We have approximately $200 billion of gold at Fort Knox," said Mnuchin. Has the Federal Reserve Sold the Gold at Fort Knox? What the Hell is This?: Mnuchin Tweets on Fort Knox Gold HOME; EVENTS; ABOUT; CONTACT; FOR ADULTS; FOR KIDS; accident on 9w marlboro, ny today 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. As the last days tick away, let's take a moment to recap the top 12 stories at Fort Knox that shaped our 2021. Fort Knox Gold: Once upon a time, the Fort Knox Bullion Depository was a vast storehouse for American gold. Exhibit 7.1. 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. My FOIA request had disappeared, or did it? Fort Knox claims billions of dollars worth of gold are stored away in its secret vault. 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. Does The Fort Knox Gold Really Exist? | Gold Eagle & Sales Figures. 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. 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. Built in 1936, security access for the facility make it difficult to get access. 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. 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. These CDCs offer full-day care, part-day, and hourly care. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. US Mint Releases New Fort Knox "Audit Documentation": First Critical Weve focused on the first audits of the gold stored by the US Mint. *For all other publicly available audit reports (1980, 1981, 1985, 1986) its very briefly mentioned assay tests were conducted, presumably for one in every fiftieth melt. 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. "good delivery" gold bars. 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. But theories exist regarding other possiblecontents of the vault -like the body of Jimmy Hoffa. A second storage facility was built at the same time: . eonon change home screen. That shipment required a convoy of 33 15-ton trailers to move the gold. On February 25, 2015, I submitted a FOIA request in orderto obtain the audit reports drafted by the Continuing Audits Of U.S.-Owned Goldcommittee in 1975, 1976, 1978, 1979, 1982, 1983 and 1984. BY . 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. It basically coveredby 1986, 97 percent of the Government-owned gold held by the Mint had been audited and placed under joint seal. Inspection of Gold at Fort Knox | U.S. Mint - United States Mint He said this, but there is no proof. By Patrick A. Heller. 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. Your browser is out of date. As will conclusions and speculation. 'So many dead. Remember, were investigating the audits of the greatest gold hoard on earth, which underpins the world reserve currency the US dollar. President Reagan last spring demanding that this be looked into immediately. Equal Employment Opportunity. This is basically an affirmation that the bullion was up to snuff at the last audit, and has been sealed since. The Facebook predator who lured schoolgirls to run away with him is one of 7,000 sex fiends who offended Do not sell or share my personal information. 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. 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 August 2017, US Treasury Secretary Steve Mnuchinvisited the gold vault at Fort Knox and, along with a few other politicians, surveyed the site. It was decided to destroy several audit and assay reports and no less than 1,700 tonnes needed to be re-audited. This would last until 2010 when the Armor School was relocated to Fort Benning, Georgia. 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! Fort Knox gold subject of hearing. Metal Coins, back to His advice to me was to try at the General Accounting Office (GAO) and National Archives for more reports. Two months later I still got no response. Schultz from the New York Fed was part of the continuing audits committee and therefor the FRBNY was supposed to be audited. Gold verification at Fort Knox March 1998, page 3. The gold vault at Fort Knox is "encased in 16,000 cubic feet of granite and 4,200 cubic yards of cement." 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. Submitted to: . Mnuchin's PR Visit to Fort Knox proves nothing about the - GoldSeek 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). Talkers Medals, Military His visit was the one and only time a gold vault was opened for inspection for anyone other than authorized personnel. Each gold bar is 7 inches x 3 and 5/8 inches x 1 and 3/4 . . In total there should be 13 reports (1974 1986), 2 already were in my possession (1974 and 1977). Us, ALL All your favorite.50 games all in one club! Join FORT KNOX code Axykp In addition to the gold bricks, Bevin said he got to hold a 1933 double eagle, a $20 gold coin that was never circulated. 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. A waiting list may be . . Daily free rolls! 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 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). It was nothing more than a peek-a-boo glance at the gold in fine Hollywood style. previous, back to Fort Knox Gold: Myth or Reality? - jackhunt.com Ultimately, the Mint concluded that Koos would need to pay over $3,000 in order to have the documents gathered and copied. Miles Franklin sponsored this article by Gary Christenson.The opinions are his, and they are not investment advice. There can be no world reserve currency without appropriate gold reserves supporting it, providing essential confidence and credibility. 26 Feb 2017 13:18. 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. Then let's raise a glass to a slower, quieter 2022 . 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! Welcome to the Coronation! The 1974/1975 and 1978 reports refer to the audits conducted in 1974 and 1977. One wonders: was this a simple oversight or some kind of conscious obfuscation effort? 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,. Ron Paul wants gold at Fort Knox audited - Jun. 24, 2011 - CNNMoney 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. Test yourself with this Cockney Rhyming Slang quiz. However, if that intruder had turned to the west he would have . Fort Knox is in Romeo (R) time. Of course,strange things have been stored in the vault, like morphine and opiumduring the early '90s. In October 1984, 4,136,046.924 fine ounces gold was reaudited. In 1977 the New York assay office, which is a subsidiary of the US Mint, conducted the assays. You can change the usage of cookies in your browser. Exhibit 2. 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. 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). Even then only 5% of the examined bullion was weighed and assayed to determine its purity. *Its likely 97 % of the audited gold by the continuing audits committee has not been assayed by an independent assayer. Audit report Fort Knox 1981. 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. On September 24, 1974, a special settlement (audit) is scheduled to begin and at its conclusion a report on the audit will be issued. " He told an audience in Louisville, "I assume the gold is still there.". Site, Coin Few people have ever entered the vault,and while147.3 million ounces of goldallegedly exists inside, the accuracy remains in doubt.