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. 35 % first buy in bonus! 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. This is remarkable. Contact Us. 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. A Fort Knox physical gold audit in 1953 was anything but full, neither was the famous audit in 1974. 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. Fort Knox is supposedly filled with 400 oz. The event, Sept. 23, 1974, is often inaccurately called the last audit of Fort Knox. The only audit that has ever been done of the gold inside Ft Knox was done days after Dwight Eisenhower became President in January of 1953. By and large, the vast majority of the verification is done by checking Official Joint Seals. Buy for Vault Storage in the United States However, there has been considerable doubt over the years as to whether the depository actually held any gold. when was the last time fort knox was audited - hugs.finance 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). Manyquestion the amount of gold that supposedly exists in the vault,and wonder what else hides within the building'swalls. Fort Knox Looted of 7,000 Tons of Gold in 1973-1974 says 1981 Article! Save my name, email, and website in this browser for the next time I comment. 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. Located in Kentucky, Fort Knox is a United States Army base whichhouses most of the US's gold reserves. 35+ Mind Blowing Fort Knox Facts How Many Did You Know Gold verification at Fort Knox March 1998, page 3. The reports were not present at the National Archives, the OIG or at the Treasury Department. Try Army A-Z . 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. U.S. Mint Releases Fort Knox Audit - CoinWeek There Is No Proof All Gold Is In Fort Knox. 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 July 1985, 11,912,458.207 fine troy ounces of gold were reaudited at the Fort Knox Depository. 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. By Everett Millman Gainesville Coins . No irregularities were found. A waiting list may be required and part-time or hourly care may need special planning depending on demand, mission requirements, etc . 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. The U.S. Government Spent Fort Knox GoldHundreds of Times & Medal Programs, Tours Fort Knox DPW team completes large audit ahead of deadline in support Few people have ever entered the vault,and while147.3 million ounces of goldallegedly exists inside, the accuracy remains in doubt. 'So many dead. Welcome to the Coronation! 147.4 million fine troy ounces, valued at $6.2 billion, is stored in 13 vault compartments at Fort Knox Bullion Depository. The inspection by Members of Congress on September 23, 1974, of U.S. gold stocks stored at the Fort Knox (Ky.) Bullion Depository marks a unique departure from the long standing and rigidly enforced policy of absolutely no visitors, Mrs. Mary Brooks, Director of the Mint, announced today. U.S. Treasury Secretary Steven Mnuchin initiated the visit, along with U.S. Rep. Brett Guthrie and Gov. On April 28, 1943, President Franklin D. Roosevelt inspected the Bullion Depository, Mrs. Brooks said. 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. Government-owned gold for which Treasury is accountable. In addition, the committee will include technicians from the Bureau of the Mint who are trained in assaying and weighing gold bullion. Ron Paul (R-Texas) says his measure to audit the Federal Reserve, which passed the House last December, would force the first open audit of Ft. Knox in decades. It was nothing more than a peek-a-boo glance at the gold in fine Hollywood style. The initial intention is clear to us, the FRBNY was supposed to be audited; the gold to be counted, weighed, assayed and the compartments to be sealed (these were the audit procedures of the continuing audits committee). All your favorite.50 games all in one club! Join FORT KNOX code Axykp This effort to audit the Fort Knox gold, the Federal Reserve, and its policies toward gold is now carried on by the younger Paul, Rand, who currently serves as a U.S. "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. Kinross - Fort Knox Mine April 22nd, 2021 Signature of Lead Auditor Page 2 of 47 . Presidential Coins, Kennedy Half The missing audit reports and assay reports feed into our skepticism. Fort Knox Policies. The U.S. gold reserves at Fort Knox are broken into different numbered compartments within the gold vault. In 1953, the US Treasury Department audited Fort Knox, but only around5% of the goldunderwent testingfor purity. Cookies are also used for the purpose of handling our system and services. Daily free rolls! Government-owned Gold, or my office, and placed under official joint seals. 213K subscribers in the Wallstreetsilver community. 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. Currently the Office Inspector General of the Treasury is responsible for the audits of the gold reserves at the US Mint. Maybe a room or two full of gold but the rest is gone. Site, Coin On September 24, 1974, a special settlement (audit) is scheduled to begin and at its conclusion a report on the audit will be issued. Did The Dutch Central Bank Lie About Its Gold Bar List? Kooss analysis of the procedures used found its rigor wanting in several key areas. Quoting from the 1981 report: Gold at the Federal Reserve Bank of New York is audited periodically by examiners of the Board of Governors of the Federal Reserve System, Members of the Committee for Continuing Audits of United States Government-owned Gold representing the Mint and BGFO observed the audits at the invitation of the Board and the Federal Reserve Bank. He tweeted " Glad gold is safe! PBOC Gold Purchases: Separating Facts from Speculation. PDF Fort Knox, Kentucky - United States Army 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 The Treasury document says it would cost about $15 million to conduct an audit. On top of this, a decades worth (1993-2003) of Joint Seal inspections from the Denver and West Point depositories are not accounted for. There has not been any movement of inventoried gold since that time. initial 1974 Fort Knox audit which was conducted by GAO and Treasury auditors. 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). 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 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. Three out of thirteen compartments at Fort Knox were audited for inventory and samples were assayed and compared to records currently held by the Mint. There Is Gold in Fort Knox | Newsmax.com A waiting list may be . As will conclusions and speculation. The assayer is unknown and there was no assay report included in the audit report. Mnuchin's Visit to Fort Knox l JM Bullion Text Alerts, Contact Inspection of Gold at Fort Knox | U.S. Mint - United States Mint If Ft. Knox Isn't Empty | Gary North -- Specific Answers In 1936, Fort Knox military base was chosen as the site to build a bullion depository to store this gold. Visitor Information :: U.S. Army Fort Knox: Gold Standard Army Installation However, we were unable to locate records responsive to reports similarly titled or closely related to the subject annual gold audit 1975-1984. Compartments audited at Mint institutions and depositories are kept under official joint seal by representatives of the audit committee. The last Congressional visit prior to this occurredin 1974. Compared to the samples taken in the 1950s and 60s, the standards for the integrity of the sample size had fallen sharply. 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. 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. At the congressional hearing of the Gold Transparency Act (H.R. Scales at the Mint used to weigh the bars often didnt work properly. When will the Beast from the East be at YOUR door? In the meantime I will fire several new FOIAs at the Office of the Inspector General and others. there has not been anyone allowed access to confirm the gold amounts that are supposedly stored at the Fort. More false statements by the auditor have appeared, further eroding its credibility. Ultimately, the Mint concluded that Koos would need to pay over $3,000 in order to have the documents gathered and copied. Fort Knox | Military Base Guide Who was the last person to actually see the gold in Fort Knox? As weve seen thus far there are many problems with the official story everything is fine, all the US official gold reserves all audited. Since there are far too many gold bars to count at once, the audit is carried out piecemeal and only small samples are taken for assaying. My FOIA request had disappeared, or did it? Newborns, Gifts Moving on to the assay tests conducted at the US Mint. 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. Much of this newfound gold came into government coffers as a result of President Franklin Roosevelts executive order confiscating privately held gold in 1933. He said this, but there is no proof. Next, we can see Thorsons list he presented of physical gold audit reports of the continuingaudit program from 1974 to 1986. 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. 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 another dubious mix-up, a number of measurements were faulty because the auditors misread where the decimal point was on the scale. As a newcomer to Fort Knox, you are a part of the Gold Standard team that is making the Army's vision a reality. . Mnuchin's PR Visit to Fort Knox proves nothing about the - GoldSeek Kinross Gold Corporation's Fort Knox Mine Achieves Fifth Certification 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). How can the IG be positive if he did not have access to the most basic documentation? In addition to the gold bricks, Bevin said he got to hold a 1933 double eagle, a $20 gold coin that was never circulated. : 201217896Z Official joint seal number 932 put in place on September 2, 1982, under the continuing audits of U.S.-owned goldstored at the Mint. Last time Fort Knox was audited was in 1953 and even then only - reddit US Mint Provided Fort Knox Gold Audit Documents!! Fort Knox Gold: Once upon a time, the Fort Knox Bullion Depository was a vast storehouse for American gold. And there is more, a lot more. Other problems sound laughable in their incompetence. Here is a rundown of some of Kooss key findings. 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. Rep. Paul Calls for Gold Audit, Questions Whether Fort Knox Is Empty Because this is the department currently responsible for the audits I was surprised my request to obtain all audit reports wasnt honored. 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. Questions: Submitted to: . Ideas, Gifts for Theoretically, if the seal hasnt been tampered with, this is as good as verifying the metals themselves. "good delivery" gold bars. However, as Ive written in my post Where Did The Gold In Fort Knox Come From? Facilities, Production . GOLD, RESERVES, REPORT(S), AUDIT, COMMITTEE FOR THE CONTINUING AUDIT, COMMITTEE, INSPECTOR GENERAL, ASSISTANT SECRETARY OF THE TREASURY FOR INTERNATIONAL AFFAIRS, BUREAU OF FISCAL SERVICE, and BUREAU OF GOVERNMENT FINANCIAL OPERATION. In total there should be 13 reports (1974 1986), 2 already were in my possession (1974 and 1977). 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. 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. Telephone: (502) 624-2386. Despite continued inquiries, the US Mint refuses to offer up proof of the exact amount of gold held at Fort Knox. "good delivery" bricks of gold found gutted and filled with tungsten within the confines of LBMA approved vaults in Hong Kong. All the golden coins that were handed in supposedly accumulated to the greatest gold pile on earth. Why havent we ever seen any assays of coin bars? This suggests the gold at the FRBNY was stored so it could be easily transportedin and out of the vaults, possibly through a corridor to the adjacent private vault at 1 Chase Manhattan Plaza read this post by BullionStar gold researcher Ronan Manly for more information on the construction of the FRBNY vault and the connection to the vault across the street that was owned by JP Morgan, but recently bought by Fosun (October 2013), a Chinese investment conglomerate. The compartments at the Mint were placed under official joint seal, whereas the FRBNY compartments were never placed under official joint seal (as we can read on page 11 of the 1980 audit report). At the congressional hearing of the Gold Transparency Act in 2011 Inspector General (IG) Eric Thorson stated: Before I discuss the details of the audits that are the topic of this hearing, I want to make one point very clear: 100 percent of the U.S. Governments gold reserves in the custody of the Mint has been inventoried and audited. He attempted to pinpoint how the Treasury Department verifies that the gold in its vault is both present and real. in 2004 the assayer was Ledoux & Company, a private contractor (read their homepage). His visit was the one and only time a gold vault was opened for inspection for anyone other than authorized personnel. McConnell said he had never thought about visiting Fort Knox before, but jumped at the chance when Mnuchin offered to take him. 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. 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. *In 1974 the New York assay office tested 95 bars. The public may never know. At this stage I havent been able to get my hands on any assay report from 1974 1986. Coin The answer is, he cant. 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. In short, the US National Archives could not extradite the 7 audit reports I requested. The last time that Congress audited it was 2019. Kate and Prince William 'are keen' for Prince George to have official role in King Charles' coronation - but Royally hard work! www.smartaccess.us . Gold verification at Fort Knox March 1998, page 1. 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. 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. The last trial was a "hybrid" SAG, with one cyclopac underflow feeding the .