Treasury Secretary William E. Simon issued the invitation to Congressmen to inspect the gold at Fort Knox. 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. 35 % first buy in bonus! Others claim the goldis actually justtungsten bricks painted to look like the precious metal. & Medal Programs, Tours Currently the Office Inspector General of the Treasury is responsible for the audits of the gold reserves at the US Mint. 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. 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. Same story at the US Mint and US National Archives. These CDCs offer full-day care, part-day, and hourly care. By using our website, you accept that cookies are used. Fort Knox sits on over 100,000 acres and houses 30,000 military personnel. ', 'I assume the gold is still there,' he said. 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. RSS Feeds . 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. 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. Bags, & Boxes, Code 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. 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. 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. 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. Pursuant to that order, the Committee for Continuing Audit of the U.S. Every year the gold in Fort Knox is audited by checking the official joint seals that were placed on all vault compartments during the continuing audits of U.S.-owned gold from 1974 until 1986, when allegedly 97 % of the (Deep Storage) gold was inspected. Other problems sound laughable in their incompetence. Secretary Mnuchin's statements were not helpful. U.S. Army Cadet Command Headquarters is located inside the Fort Knox installation which is located roughly 35 miles south of Louisville, Kentucky. Paul, a longtime critic of the Federal Reserve and U.S. monetary policy, said he believes it's "a possibility" that there might not actually be any gold in the vaults of Fort Knox or the New York Federal Reserve bank. There has not been any movement of inventoried gold since that time. Buy for Vault Storage in the United States In 1977 the New York assay office, which is a subsidiary of the US Mint, conducted the assays. And the problem goes far beyond missing audit reports. The comments below have not been moderated. A waiting list may be . 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. Fort Knox Policies. US Mint Releases New Fort Knox Audit Documentation. 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 vault at Fort Knox is "encased in 16,000 cubic feet of granite and 4,200 cubic yards of cement." They could only find 2 reports I didnt posses previously, of the audits conducted in 1985 and 1986. 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. The last time Fort Knox was audited was in 1953, immediately after President Eisenhower was inaugurated. These could be better understood, or clarified, if we could obtain all audit reports from 1974 1986. The gold stored in these compartments would get moved around if samples were taken for assaying during the audit. The last time that Congress audited it was 2019. Secretary of the Treasury Steven Mnuchin visited Fort Knox on August 21. This is remarkable. 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. Ron Paul worries Fort Knox gold is gone. Matt Bevin. 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. 3. Government-owned gold for which Treasury is accountable. www.smartaccess.us . One of the mostsecure andinaccessible places in the world, the facility once held the Declaration of Independence and Bill of Rights. I did read one time that the queen of England a. eonon change home screen. The coin bars topic, which ties together with the existence of the US official gold, deserves a thorough study to be expanded upon in a separate post. 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. However, we were unable to locate records responsive to reports similarly titled or closely related to the subject annual gold audit 1975-1984. Several more examples of these blurry situations are shown in the released documents. In 1983 the OIG found out something was amiss with the audits performed 1974 1982. And being surrounded by more than $186 billion worth of gold was no sweat for one of the country's most powerful politicians. You can change the usage of cookies in your browser. Site, Coin $800 weekly hand count free roll. Weve focused on the first audits of the gold stored by the US Mint. The Armored Force School and the Armored Force Replacement Center began operations at Fort Knox in October 1940. . Buy, ship and store bullion with BullionStar in/from different countries. It was a magnificent golden sunrise that inspired visions of glory, wealth, and beauty. My FOIA request had disappeared, or did it? By and large, the vast majority of the verification is done by checking Official Joint Seals. Phone: +65 6284 4653, Chinas Secret Gold Supplier Is Singapore, Audits Of US Monetary Gold Severely Lack Credibility. 147.4 million fine troy ounces, valued at $6.2 billion, is stored in 13 . 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. 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. 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. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. 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? Coins, Tours & FORT KNOX MINE ICMC SUMMARY AUDIT REPORT . The usage of cookies and the collection of customer information by BullionStar is guided by our. In October 1984, 4,136,046.924 fine ounces gold was reaudited. The door weighs 22 tons and is 21 inches thick, and the roof is bomb proof. 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. Domestic and International Shipping from Singapore Talkers Medals, Military Text Alerts, Contact Government-owned Gold" for the years 1975, 1976, 1978, 1979, and 1981-1984. Coins, American 'It's not even the annual funding level for some of our large departments in the federal government,' he said. 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. The answer is, he cant. 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. 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. Many conspiracy theorists - like the Gold Anti-Trust Action Committee (GATA)- believe the gold doesn't really exist, there isn't as much as the government claims, or the government has sold it off for years. There Is No Proof All Gold Is In Fort Knox. ', 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. Fort Knox is supposedly filled with 400 oz. The official story from OIG is that 100 % of the gold stored at Fort Knox was audited in between 1974 and 1986, . Fort Knox, major U.S. military reservation in Meade, Hardin, and Bullitt counties, northern Kentucky, U.S. In August 2017, US Treasury Secretary Steve Mnuchinvisited the gold vault at Fort Knox and, along with a few other politicians, surveyed the site. The auditors were bored and decided to re-audit 1,700 tonnes. 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. In 2011, the U.S. Treasury's full detailed schedules of gold bars were published by the US House Committee on Financial Services as part of submissions for its hearing titled "Investigating the Gol. Cookies are also used for the purpose of handling our system and services. The committee was made up of staff from the Treasury, the Mint, and the Federal Reserve Bank of New York. 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? Official joint seal number 932 put in place on September 2, 1982, under the continuing audits of U.S.-owned goldstored at the Mint. Compartments audited at Mint institutions and depositories are kept under official joint seal by representatives of the audit committee. Maybe a room or two full of gold but the rest is gone. I'm a vet, and here are five dog breeds most prone to cancer - including Golden Retrievers and Rottweilers. 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.