15919 Avenida Venusto, Apt. Last time Fort Knox was audited was in 1953 and even then only - reddit Part One, We use cookies to enhance the user experience and to analyse traffic. Fort Knox Is So Mysterious And Heavily Guarded, Only One US President I decided to send an email to the FOIA online Help Desk to ask what happened to my request. 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 Congressional inspection adheres to the new open door policy of the government announced by President Ford. Connecting thereto, from Thorsons opening statement: My office began conducting annual audits of the gold reserves in Fiscal Year 1993. 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 First Critical Observations. And being surrounded by more than $186 billion worth of gold was no sweat for one of the country's most powerful politicians. The last time that Congress audited it was 2019. Also, the assay test results from last year's gold audits at Fort Knox and West Point were 147.4 million fine troy ounces, valued at $6.2 billion, is stored in 13 . More anomalies with regard to the audits of the US official gold reserves will be discussed in forthcoming posts. I shall rest here. By using our website, you accept that cookies are used. An intruder standing on the roof of the Fort Knox Bullion Depository on the morning of September 11, 2015 would have seen the sunrise in the east. 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? The intention in 1975 was to audit the gold at the FRBNY, but then, a few years down the road the gold at the New York Fed was mysteriouslyexempt from the continuing audits program. Fort Knox is also on the list of these 10 forbidden places that no one is ever allowed to visit. Talkers Medals, Military . 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. Kooss analysis of the procedures used found its rigor wanting in several key areas. China Gold Import Jan-Sep 797t. 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.). Based on glaring conflicts among the Treasury's own documents, this staggering amount of gold disappeared without a trace from 1961 to 1971. . After the gold was audited by the Continuing Audit committee all compartments were placed under Official Joint Seal. Written by Jan Nieuwenhuijs, originally published at Voima Gold Insight. 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? Scales at the Mint used to weigh the bars often didnt work properly. The vaults were last opened to the public in the 1970s, and the last treasury secretary visit was in 1948. HOME; EVENTS; ABOUT; CONTACT; FOR ADULTS; FOR KIDS; accident on 9w marlboro, ny today Mnuchin's Visit to Fort Knox l JM Bullion The assay tests found no irregularities. Presidential Coins, Kennedy Half 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. Approximately half the U.S. Treasury's gold is located in the storage facility at Fort Knox However, the documents released are incomplete and reveal the audit procedures have not been executed proficiently. 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 Maybe a room or two full of gold but the rest is gone. Over 640,000,000 ounces of real money sat behind those massive locked doors. All your favorite.50 games all in one club! Exhibit 2. I left school at 16 with six GCSEs - and became a self-made millionaire. 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). Protected by a 109,000-acre U.S. Army post in Kentucky sits one of the Federal Reserve's most secure assets and its only gold depository: the 73-year-old Fort Knox vault. when was the last time fort knox was audited No outside experts were allowed on the site for the audit, either, providing fodder for all kinds of conspiracy theorists. In 1977 the New York assay office, which is a subsidiary of the US Mint, conducted the assays. It is surrounded by an active U.S. Army fort, guarded by the U.S. Mint Police and protected by layers of security measures, including a blast proof 22-ton door, 16,000 cubic feet of granite, 4,200 cubic yards of concrete, 750 tons of reinforcing steel and 670 . US Official Gold Reserves Auditor Caught Lying - Substack Gold at Fort Knox? Donald Trump Doesn't Think So | Kitco News One of last year's uproars was the decision by US officials to carry out an audit of these gold vaults. Shipping within the United States 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. Moving on to the assay tests conducted at the US Mint. PDF ICMI Gold Mining Audit Report - International Cyanide Management Code Need Help? As a newcomer to Fort Knox, you are a part of the Gold Standard team that is making the Army's vision a reality. In July 1985, 11,912,458.207 fine troy ounces of gold were reaudited at the Fort Knox Depository. Exhibit 7.3. No irregularities were found. The assay tests found no irregularities. Much of this newfound gold came into government coffers as a result of President Franklin Roosevelts executive order confiscating privately held gold in 1933. Buy, ship and store bullion with BullionStar in/from different countries. 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. Remember, were investigating the audits of the greatest gold hoard on earth, which underpins the world reserve currency the US dollar. 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. & Sales Figures. In the 1980 report we can read the audit procedures and a few other snippets (well quickly jump through) that help us understand how and where the audits were conducted: Audit procedures included (1) inspecting the joint audit committee seals used to control compartments containing previously audited gold; (2) comparing the records for each compartment inventoried to the identifying information on the gold bars; (3) weighing, from each compartment inventoried, at least one randomly selected melt in each fifty melts (a melt, averages about 20 bars cast from one crucible of molten gold); (4) removing samples from a bar in each of the melts weighed and having the samples assayed; (5) verifying the mathematical accuracy of all inventory records; (6) verifying the inventoried gold to the institutions records; (7) verifying the quantities shown by the institutions records to the control accounts for gold maintained by the Bureau of the Mint and to the central accounts maintained by BGFO; (8) placing audited gold bars in compartments under Official Joint Seal and audit committee control; and (9) reviewing and evaluating internal controls and security procedures. US Army Cadet Command Headquarters | Military Base Guide Newborns, Gifts Text Alerts, Contact 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). This document also contains a summary of the 1980 audit which, by the way, isnt less detailed than the full 1981 report. More false statements by the auditor have appeared, further eroding its credibility. 147.4 million fine troy ounces, valued at $6.2 billion, is stored in 13 vault compartments at Fort Knox Bullion Depository. Company Registration No. U.S. Mint Releases Fort Knox Audit - CoinWeek US Mint Releases New Fort Knox "Audit Documentation": First Critical 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! ALL COIN PROGRAMS, National Purple Heart Hall of Ron Paul worries Fort Knox gold is gone. Vault: Rare look inside gold vault at Fort Knox - WCPO Tiger Woods unleashes his lawyers on porn site after it Bannon is 'going to war' against Jared, 'crying Ivanka' and A whole hue world! Ron Paul introduced a bill that would require the Fed to manually audit every U.S.-owned gold . 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. Liberty, Bush By Jennifer Liberto @ CNNMoney June 24, 2011: 11:58 AM ET. Instead, I was advised to contact the Treasury. Audit report Fort Knox 1981. Small quantities of gold are removed to test the purity during regularly scheduled audits. The committee was made up of staff from the Treasury, the Mint, and the Federal Reserve Bank of New York. In August 2017, US Treasury Secretary Steve Mnuchinvisited the gold vault at Fort Knox and, along with a few other politicians, surveyed the site. Thats everything we have, or are aware of. 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. 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. But Bevin, speaking on WHAS radio, divulged a few more details. The last time Fort Knox had opened its vault to civilians was more than 40 years earlier. All News, Articles, Commentary and Opinions are contributed by the author(s), with or without compensation, who are solely responsible for the content, and do not represent CoinWeek Management. 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 1936, Fort Knox military base was chosen as the site to build a bullion depository to store this gold. This would last until 2010 when the Armor School was relocated to Fort Benning, Georgia. Fort Knox is Probably Empty, Gold Missing - Stillness in the Storm By Everett Millman Gainesville Coins . Miles Franklin sponsored this article by Gary Christenson.The opinions are his, and they are not investment advice. On the way to the vault, a literal mine field and an electric fence protectthe gold. Until 1953, there were serial number audits of the gold and some assaying as I explain but that became costly and time intensive. Government-owned Gold, or my office, and placed under official joint seals. In my previous post, from March 2018, on the audits of US official gold reserves, I have exposed that during the audit procedures of the US official gold reserves from 1974 through 2008, repeatedly audit staff deviated from the auditing . 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. Prince Andrew chuckles as he encounters female jogger on way to his weekly Windsor horse-riding trip. The Mint estimated that as much as one-third of the gold reserves were examined during this period. If Ft. Knox Isn't Empty | Gary North -- Specific Answers The gold at Fort Knox is stored in one of the most secure facilities in the world. Currency, Shop All 35 % first buy in bonus! Mint Medals, Shop All Paper Medals, Treasury and di Exhibit 7.2. During fiscal year 1986, gold was audited at the West Point Bullion Depository, and the San Francisco Old Mint under the initial continuing audit program. Mnuchin's PR Visit to Fort Knox proves nothing about the - GoldSeek Contact Us. ByI forget which date it was, I believe by 1986, wehold on just one second here, I got it. Koos Jansen. Thats 6 down, 7 more to go. Between 1933 and 1937, this increased . Others claim the goldis actually justtungsten bricks painted to look like the precious metal. Treasury Secretary William E. Simon issued the invitation to Congressmen to inspect the gold at Fort Knox. Republican frontrunner Donald Trump hinted at the idea that there just might be no gold in the U.S. Conspiracy Watch: All the Gold in Fort Knox - Mother Jones The assayer is unknown and there was no assay report included in the audit report. US Mint Releases New Fort Knox "Audit Documentation". The First The First Critical Observations. His visit was the one and only time a gold vault was opened for inspection for anyone other than authorized personnel. Koos is in the company of monetary scholar Jim Rickards and former U.S. Representative Ron Paul in publicly campaigning for more transparency in the financial system and the gold market. For instance, sample sizes used for assaying were conspicuously small. The reports were not present at the National Archives, the OIG or at the Treasury Department. And the problem goes far beyond missing audit reports. Fort Knox is used to store a large portion of United States official gold reserves and occasionally other precious . ( Kitco News) - Although he made this assumption nearly one year ago, the Donald's comments on gold at Fort Knox - or lack thereof - are making the rounds on Twitter again Tuesday. The reports from 1974 and 1977 weve extensively analyzed in my previous post Second Thoughts On US Official Gold Reserves Audits, published on February 9, 2015. 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. 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. The comments below have not been moderated. Alaska, USA . 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. Thank you for signing up with United States Mint! However, there has been considerable doubt over the years as to whether the depository actually held any gold. Same story at the US Mint and US National Archives. One of the mostsecure andinaccessible places in the world, the facility once held the Declaration of Independence and Bill of Rights. No photographs were allowed, of course. In June 1975, the Treasury Secretary authorized and directed a continuing audit of U.S. "good delivery" gold bars. 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. Fort Knox Policies. Upload by MysteryManagement Fort Knox and the gold dipped tungsten bars - Michael Rivero showAre the gold bars in Fort Knox really made of the precious metal. For the other years we dont know whatoffice performed the checks. 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. Should America's Gold Reserves Be Audited? - Sound Money Defense & Medal Programs, Tours 4. 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. The official story from OIG is that 100 % of the gold stored at Fort Knox was audited in between 1974 and 1986, . Questions: However, no outside experts were allowed in during the audit, and only about 5% of the gold was actually tested. Fort Knox Gold: Once upon a time, the Fort Knox Bullion Depository was a vast storehouse for American gold. Ron Paul - Audit Fort Knox (the gold dipped tungsten bars) The door weighs 22 tons and is 21 inches thick, and the roof is bomb proof. No outside experts were allowed on the site for the audit, either, providing fodder for all kinds of conspiracy theorists. Then let's raise a glass to a slower, quieter 2022 . Equal Employment Opportunity. ', 'I assume the gold is still there,' he said. Experts weigh in as tremors hit Wales, Cornwall and the Are YOU eating the right colours? U.S. President Franklin D. Roosevelt passed legislation outlawing private ownership of gold, and gave instruction to build the depository at . Not that it would be easy to even make it this far, but the door to the vault is made of steel and . Monetary Gold Stock of the United States Us, ALL We will discuss the remaining 4 audit reports at once, as they are very similar. The assayer is unknown and no assay reports have been included in the audit reports. After writing it Ive been trying to collect all audit reports dating from1974 1986. noting that it was "over 20 years" since the last one. The U.S. Government Spent Fort Knox GoldHundreds of Times The gold vault at Fort Knox is "encased in 16,000 cubic feet of granite and 4,200 cubic yards of cement." A barrel is worth about $1,200 or $2.88 per pound which is 10-18 times the value of U.S. crude oil. But by 1986, you had 97 percent was audited. Fort Knox: "Glad Gold Is Safe!". Your browser is out of date. The last full audit was done in 1953 . Buy for Vault Storage in New Zealand The missing audit reports and assay reports feed into our skepticism. Gold Reserve Transparency Act would count all the gold held by - Medium Few people have ever entered the vault,and while147.3 million ounces of goldallegedly exists inside, the accuracy remains in doubt. On top of this, a decades worth (1993-2003) of Joint Seal inspections from the Denver and West Point depositories are not accounted for. One wonders: was this a simple oversight or some kind of conscious obfuscation effort? 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. Official records claimed 20,000 tons in the 1950s. "Glad the gold is safe!". " He told an audience in Louisville, "I assume the gold is still there.". Page Last Modified: 8/26/19, 2:56 PM Fort Knox, KY. Our Nation's Gold Standard Army Home. A second storage facility was built at the same time: . 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. . Fort Knox: "Glad Gold Is Safe!" - Miles Franklin 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 novel begins: 7:20 am, September 11, 2015. 2021 what a year, Fort Knox! | Article | The United States Army Fort Knox is supposedly filled with 400 oz. The event, Sept. 23, 1974, is often inaccurately called the last audit of Fort Knox. In June 1975 the Secretary of the Treasury authorized the continuing audits of the US owned gold stock. Fort Knox, Kentucky is an Army base with more than one hundred thousand acres stretching across three counties. As a result, the gold at the Bank [FRBNY] is considered unaudited. teaching assistant pay netmums; when was the last time fort knox was audited. 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. It was decided to destroy several audit and assay reports and no less than 1,700 tonnes needed to be re-audited. Gold verification at Fort Knox March 1998, page 1. Even then only 5% of the examined bullion was weighed and assayed to determine its purity. He ought to have known precisely how many pages were needed and presumably where to find them. Fort Knox and The Missing Gold! - Strange Unexplained Mysteries In 1953, the US Treasury Department audited Fort Knox, but only around5% of the goldunderwent testingfor purity. However, we were unable to locate records responsive to reports similarly titled or closely related to the subject annual gold audit 1975-1984. It basically coveredby 1986, 97 percent of the Government-owned gold held by the Mint had been audited and placed under joint seal. The Fort Knox facility was opened within the year, and took its first shipment of gold in 1937. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. Official Joint Seal inspection records from Fort Knox, June 1998 (courtesy of Koos Jansen through Freedom of Information Act). Are you already an expert in everything America? This post is a sequel to A First Glance At US Official Gold Reserves Audits and Second Thoughts On US Official Gold Reserves Audits. 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. No need to read about these fascinating facts and important events that have shaped the U.S. as we know it today. 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. Sets, Commemorative Donald Trump Doesn't Think So. My FOIA request had disappeared, or did it? 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. The last time any gold was removed from deep storage at Fort Knox came in 1971, when $500 million worth of gold was delivered to the New York Assay Office. It seems these 6 reports (5 documents) are the only ones currently in existence and the remaining 7 have mysteriously disappeared. However, if that intruder had turned to the west he would have . Then, from 2005 to 2008 the assay tests were conducted by White Sands Missile Range, which is a subsidiary of the US army. The usage of cookies and the collection of customer information by BullionStar is guided by our. On this sheet 5 physical gold audit reports are listed, framed in red. Jansen found instances in which the Treasurys auditors failed to follow the governments own procedures for the auditing process. but American gold holdings were reportedly last audited in 1953 (which includes testing for purity); Fort Knox's gold was . The target this time is the United States Treasury Assay Office in New York . Single mother faces 170 parking fine after overstaying at McDonald's for just 14 minutes while she treated Man had sex with his wife on bollard in protest after it had been erected by neighbour to stop him parking What will the next pandemic be? 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. Gold all there when Ft. Knox opened doors - Numismatic News July 21, 2017 7:24AM. Rep. Paul Calls for Gold Audit, Questions Whether Fort Knox Is Empty However, as Ive written in my post Where Did The Gold In Fort Knox Come From? After 40 years, Fort Knox opens famed vault to civilians If official documents come to surface I will report accordingly. "Dear US Mint, We Gave You The FOIA Funds, Now Give Us The Fort Knox Audit Documents!", November 2016 "US Mint Releases New Fort Knox "Audit Documentation".
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