Its glittering gold . The first screen shots below are from a gold verification at Fort Knox in March 1998. In addition to the gold bricks, Bevin said he got to hold a 1933 double eagle, a $20 gold coin that was never circulated. We will discuss the remaining 4 audit reports at once, as they are very similar. 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. 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. Exhibit 7.3. Government-owned Goldare not in our collection." In 1953, the US Treasury Department audited Fort Knox, but only around 5% of the gold underwent testing for purity. It lies 30 miles (48 km) southwest of Louisville and occupies an area of 172 square miles (445 square km). Compartments audited at Mint institutions and depositories are kept under official joint seal by representatives of the audit committee. "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. ', 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. Each and every bar there should be assayed in a full, independent audit. Matt Bevin. The gold vault at Fort Knox is "encased in 16,000 cubic feet of granite and 4,200 cubic yards of cement." 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. Miles Franklin sponsored this article by Gary Christenson.The opinions are his, and they are not investment advice. 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. Buy for Vault Storage in the United States HOME; EVENTS; ABOUT; CONTACT; FOR ADULTS; FOR KIDS; accident on 9w marlboro, ny today *In 1977, presumably, one bar in every fiftieth melt (one melt is approximately 20 bars) was assayed, irregularities were found in two melts, the vault had to be opened twice more in the presence of the Joint Sealing Committee and the gold reevaluated. Fort Knox, Kentucky is an Army base with more than one hundred thousand acres stretching across three counties. For the first time photographing is being permitted inside the Depository.. The auditors were bored and decided to re-audit 1,700 tonnes. We are a community that loves Silver, Period. I shall rest here. Let me show you an example of Fort Knox. These could be better understood, or clarified, if we could obtain all audit reports from 1974 1986. The Eisenhower Administration Conducted The Last Audit Of Fort Knox. 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 gold subject of hearing. I personally believe that rumor and the bulk of it has been sold off to the rich elites. "good delivery" bricks of gold found gutted and filled with tungsten within the confines of LBMA approved vaults in Hong Kong. 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. ALL COIN PROGRAMS, National Purple Heart Hall of 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. The audit will be performed by a committee of auditors from the U.S. General Accounting Office (GAO) and the Department of the Treasury. In an interview, McConnell said he could not say much about the visit for security reasons. After 20 years of Democratic presidents, the American public wanted to be sure that the gold confiscated from them was still there. In total there should be 13 reports (1974 1986), 2 already were in my possession (1974 and 1977). Each gold bar is 7 inches x 3 and 5/8 inches x 1 and 3/4 . The Fort Knox Gold was last audited in the 1950s. Gold verification at Fort Knox March 1998, page 3. 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 I did read one time that the queen of England a. 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). 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). For instance, sample sizes used for assaying were conspicuously small. As weve seen thus far there are many problems with the official story everything is fine, all the US official gold reserves all audited. No irregularities were found. Tiger Woods unleashes his lawyers on porn site after it Bannon is 'going to war' against Jared, 'crying Ivanka' and A whole hue world! . 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. The fact that 7 audit reports that should grant the existence of these reserves appear to be missing is problematic. A Fort Knox physical gold audit in 1953 was anything but full, neither was the famous audit in 1974. Gold verification at Fort Knox March 1998, page 1. But Bevin, speaking on WHAS radio, divulged a few more details. Engraved Prints, Shop All Gift American $1 Coins, SHOP previous, Kids Manyquestion the amount of gold that supposedly exists in the vault,and wonder what else hides within the building'swalls. BY . Your request was received in this office on March 3, 2015 and assigned FOIA case number RD 45578. Compared to the samples taken in the 1950s and 60s, the standards for the integrity of the sample size had fallen sharply. The usage of cookies and the collection of customer information by BullionStar is guided by our. In October 1984, 4,136,046.924 fine troy ounces of gold were reaudited at the United States Mint, Denver. All your favorite.50 games all in one club! 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. 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. 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. Revealed: The top 10 fastest-growing destinations for UK pensioners retiring overseas. The official story from OIG is that 100 % of the gold stored at Fort Knox was audited in between 1974 and 1986, . That shipment required a convoy of 33 15-ton trailers to move the gold. China Gold Import Jan-Sep 797t. Click on the links for more information:Buy for Vault Storage in Singapore So, what's really inside Fort Knox? 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. Liberty, Bush While the order is not very detailed, in the years that followed the committee started auditing gold stored at the US Mint and at the Federal Reserve Bank of New York (FRBNY). Text Alerts, Contact 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. Since 1993, when we assumed responsibility for the audit, my office has continued to directly observe the inventory and test the gold. Day trip: Steve Mnuchin and his wife Louise Linton touched down in Kentucky earlier on Monday prior to the Treasury Secretary's tour of Fort Knox. Koos Jansen is a precious metal analyst from the Netherlands. 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. He tweeted " Glad gold is safe! In addition to facilities in West Point and Denver, the Fort Knox facilityknown as the U.S. Bullion Depositorystands out for its reputation as an impenetrable fortress. If we carefully read the scarce audit reports available to us, wenotice the audit procedures were revised in 1983. The comments below have not been moderated. Cleverly located at the intersection of Gold Vault Road and Bullion Boulevard, the bullion depository at Fort Knox was constructed and housing the growing government stock of gold by 1937. All the golden coins that were handed in supposedly accumulated to the greatest gold pile on earth. previous, back to Of course,strange things have been stored in the vault, like morphine and opiumduring the early '90s. 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. The US government wished to open the vaults of audited gold to lease or sell the metal on the open market. 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. No need to read about these fascinating facts and important events that have shaped the U.S. as we know it today. Based on glaring conflicts among the Treasury's own documents, this staggering amount of gold disappeared without a trace from 1961 to 1971. . Equal Employment Opportunity. A waiting list may be required and part-time or hourly care may need special planning depending on demand, mission requirements, etc . 15919 Avenida Venusto, Apt. initial 1974 Fort Knox audit which was conducted by GAO and Treasury auditors. but American gold holdings were reportedly last audited in 1953 (which includes testing for purity); Fort Knox's gold was . Then let's raise a glass to a slower, quieter 2022 . 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). The last Congressional visit prior to this occurredin 1974. 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. 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. noting that it was "over 20 years" since the last one. Fort Knox was thrown open on that Monday afternoon for about 2 hours to some 150 reporters and glad-handing politicians, crowding narrow passageways and elbowing each other for a . Buffalo Coins, American Eagle For the sake of simplicity, lets say I have both audit reports, 1980 and 1981. The assayer is unknown and there was no assay report included in the audit report. Until 1953, there were serial number audits of the gold and some assaying as I explain but that became costly and time intensive. . Here is a rundown of some of Kooss key findings. The Mint estimated that as much as one-third of the gold reserves were examined during this period. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Exhibit 2. US Mint Releases New Fort Knox Audit Documentation. 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 views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Ultimately, the Mint concluded that Koos would need to pay over $3,000 in order to have the documents gathered and copied. Fort Knox facts. 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. Gold verification at Fort Knox March 1998, page 2. At the congressional hearing of the Gold Transparency Act (H.R. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. " He told an audience in Louisville, "I assume the gold is still there.". 4. Experts weigh in as tremors hit Wales, Cornwall and the Are YOU eating the right colours? Ideas, Gifts for Murdaugh is heckled as he leaves court, Moment teenager crashes into back of lorry after 100mph police race, Ken Bruce finishes his 30-year tenure as host of BBC Radio 2, Family of a 10-month-old baby filmed vaping open up, Missing hiker buried under snow forces arm out to wave to helicopter, Insane moment river of rocks falls onto Malibu Canyon in CA, Fleet-footed cop chases an offender riding a scooter, Ukrainian soldier takes out five tanks with Javelin missiles. Telephone: (502) 624-2386. Military/Civilian clock Examples of Civilian/Military time conversion. A congressional delegation and some journalists got a look at the gold in 1974. A barrel is worth about $1,200 or $2.88 per pound which is 10-18 times the value of U.S. crude oil. For your information, we contacted a librarian at the Treasury Department who informed us that reports from Committee for Continuing Audit of the U.S. Shortly after I got an email that statedmy request had been received and was being processed. 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. His visit was the one and only time a gold vault was opened for inspection for anyone other than authorized personnel. It was decided to destroy several audit and assay reports and no less than 1,700 tonnes needed to be re-audited. 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. The process would take about 30 minutes to verify the gold content of each bar, or 350,000 man hours; to do that . Weve focused on the first audits of the gold stored by the US Mint. If you subscribe to this theory, the incredible amount of protection at the U.S. Bullion Depository is for little more than a pile of IOUs. Shipping within the United States Built in 1936, security access for the facility make it difficult to get access. Fort Knox Policies. 45 New Bridge Road, Singapore 059398 Singapore Next was the GAO; unfortunately they couldnt deliver anything I was looking for. for Dads, American Women's History Coins & Great! $800 weekly hand count free roll. 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. 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. 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). Koos mainly provides unique insights about Chinese gold market. 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). And there is more, a lot more. Despite the fact that a 1953 Fort Knox audit found that 1977% of bullion tested was out of , in 2, we went to 1998% verified ingots. 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. Located in Kentucky, Fort Knox is a United States Army base whichhouses most of the US's gold reserves. Because there remains so little information about the contents of the gold vault, a lot of theories crop upregarding what's really inside Fort Knox. 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. By gathering information from audit reports from 1974 1986 (the ones I could get my hands on) and statements made at the congressional hearing in 2011 well analyze our way through this. The First Critical Observations. 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. 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. However, a Freedom Of Information Act request Ive submitted in order to obtain all audit reports could not be honored. Sets, Commemorative Same story at the US Mint and US National Archives. More anomalies with regard to the audits of the US official gold reserves will be discussed in forthcoming posts. Official joint seal number 932 put in place on September 2, 1982, under the continuing audits of U.S.-owned goldstored at the Mint. Theoretically, if the seal hasnt been tampered with, this is as good as verifying the metals themselves. On September 24, 1974, a special settlement (audit) is scheduled to begin and at its conclusion a report on the audit will be issued. 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. Fort Knox claims billions of dollars worth of gold are stored away in its secret vault. Lets recap what weve studied in the previous posts. Audit report Fort Knox 1981. It was a magnificent golden sunrise that inspired visions of glory, wealth, and beauty. We asked the experts - and their answers will terrify you Public Service Announcement, do NOT watch these ads! Coin bars are assaying 899 to 901 per mille or 915 1/2 to 917 per mille,roughly 90 % pure, and these types of bars allegedly form the bulk of the US official gold reserves. There Is No Proof All Gold Is In Fort Knox. Even then only 5% of the examined bullion was weighed and assayed to determine its purity. Did The Dutch Central Bank Lie About Its Gold Bar List? 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. A second storage facility was built at the same time: . 'The gold is safe.'. Technically its possible the OIG assayed exactly the remaining stash of 9999 gold, though chances are slim given the fact the 9999 gold wasspread over multiple compartments at multiple depositories. Weve barely come across any independent auditor that saw, counted, weighed or assayed the US official gold reserves. No photographs were allowed, of course. Only one president has ever been inside -and the US Mint remains largely mum on the contents of the vault -making Fort Knox a hotbed for conspiracy theories. 26 Feb 2017 13:18. He attempted to pinpoint how the Treasury Department verifies that the gold in its vault is both present and real. The New Year kicked off . Few people have ever entered the vault,and while147.3 million ounces of goldallegedly exists inside, the accuracy remains in doubt.
