Why havent we ever seen any assays of coin bars? ', 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. . 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. The Fort Knox facility, a hyper-secure fortress in Kentucky that is part of quintessential American lore, is . 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. Its glittering gold . They wrote me by email: Mr. Nieuwenhuijs our Office of Audit found: as well as GAOs 1974/1975 and 1978 reports. As a result, the gold at the Bank [FRBNY] is considered unaudited. Currency, Shop All 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. Fort Knox facts. From 1993 to 2008 the remaining 3 % of the gold reserves stored at the US Mint hasbeen audited I assume. American $1 Coins, SHOP Senator from Kentucky, where Fort Knox is located. The first screen shots below are from a gold verification at Fort Knox in March 1998. In 1974, after the US closed the gold window, congressional support grew for inquiring into the US gold stock. Others claim the goldis actually justtungsten bricks painted to look like the precious metal. In June 1975 the Secretary of the Treasury authorized the continuing audits of the US owned gold stock. By and large, the vast majority of the verification is done by checking Official Joint Seals. Did The Dutch Central Bank Lie About Its Gold Bar List? It was nothing more than a peek-a-boo glance at the gold in fine Hollywood style. Fort Knox Policies. Presidential Coins, Kennedy Half In an audit conducted at Fort Knox in 1953, 88 ingots were counted for verification. 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. there has not been anyone allowed access to confirm the gold amounts that are supposedly stored at the Fort. 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. 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. You can change the usage of cookies in your browser. A waiting list may be . 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. 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. 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. . Medals, Email & Newborns, Gifts On this sheet 5 physical gold audit reports are listed, framed in red. Mistakes That Created America As You Know It, What It Was Like to Enter Through Ellis Island, Uncivilized Moments on the Congress Floor, Heinous Policies Toward Children and Families, Times Another US Civil Conflict Almost Began, Proposed States and Territories That Almost Were, A History of Foreign Meddling in US Elections, 1812: The Biggest Mess in the Country's History, Fort Knox Is So Mysterious And Heavily Guarded, Only One US President Has Ever Been Inside, video cameras, motion detectors, and secret microphones. 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! In 2008, presidential candidate Ron Paul unsuccessfully called for an audit of the US Federal Reserve and Fort Knox,but his skepticism echoed that of other conspiracy theorists. 'It just kind of came up as a result of a casual conversation,' McConnell said. Two tetrahedron-shaped chips were removed form the top and bottom of each bar assayed. At the hearing Thorson presented exhibits to support his case 100 % of the gold held at the US Mint has been audited. 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. 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. . Official Joint Seal inspection records from Fort Knox, June 1998 (courtesy of Koos Jansen through Freedom of Information Act). 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. Do you think it would be worthwhile, at least, to inventory and assay this portion of the Mint-held gold? 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. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. 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. It's going on right now as I say these words. Questions: Kooss analysis of the procedures used found its rigor wanting in several key areas. HOME; EVENTS; ABOUT; CONTACT; FOR ADULTS; FOR KIDS; accident on 9w marlboro, ny today Fort Knox is used to store a large portion of United States official gold reserves and occasionally other precious . Fort Knox, major U.S. military reservation in Meade, Hardin, and Bullitt counties, northern Kentucky, U.S. 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. Circulating By using our website, you accept that cookies are used. Located in Kentucky, Fort Knox is a United States Army base whichhouses most of the US's gold reserves. ( 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. After the gold was audited by the Continuing Audit committee all compartments were placed under Official Joint Seal. However, we were unable to locate records responsive to reports similarly titled or closely related to the subject annual gold audit 1975-1984. Scales at the Mint used to weigh the bars often didnt work properly. But theories exist regarding other possiblecontents of the vault -like the body of Jimmy Hoffa. I'm a vet, and here are five dog breeds most prone to cancer - including Golden Retrievers and Rottweilers. fort knox crisis phone numbers. In July 1985, 11,912,458.207 fine troy ounces of gold were reaudited at the Fort Knox Depository. The process would take about 30 minutes to verify the gold content of each bar, or 350,000 man hours; to do that . 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. 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. Compartments audited at Mint institutions and depositories are kept under official joint seal by representatives of the audit committee. Gold verification at Fort Knox March 1998, page 1. 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. There Is No Proof All Gold Is In Fort Knox. The other two-thirds, however, have not been inventoriedthat is according to my understandingor assayed since somewhere between 1975 and 1986. My FOIA request had disappeared, or did it? 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. According to the excel sheet the US Mint stores 312 tonnes in 9999 fine gold, spread over 3 depositories; Fort Knox 15 tonnes, Denver 100 tonnes, West Point 197 tonnes. : 201217896Z Need Help? Great! One of last year's uproars was the decision by US officials to carry out an audit of these gold vaults. The Fort Knox facilitys reputation is thanks to its world-renowned system of security measures, from countless cameras to U.S. Mint Police guards, military helicopters, land mines, fences of barbed and electric wire, and a virtually impregnable vault door. When will the Beast from the East be at YOUR door? previous, back to Lets recap what weve studied in the previous posts. 26 Feb 2017 13:18. Fort Knox claims billions of dollars worth of gold are stored away in its secret vault. An excuse was needed to break the seals. 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. The vault can withstand guns, blowtorches, and other incendiary devices. Your browser is out of date. Next was the GAO; unfortunately they couldnt deliver anything I was looking for. 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). Schultz from the New York Fed was part of the continuing audits committee and therefor the FRBNY was supposed to be audited. In performing the audit, the gold bars are physically moved from one vault compartment to another. Compared to the samples taken in the 1950s and 60s, the standards for the integrity of the sample size had fallen sharply. Plus, US Mint Police remain a constant presence, and preside over the grounds from four machine gun towers placed around the perimeter. No outside experts were allowed on the site for the audit, either,providingfodder for all kinds of conspiracy theorists. Sets, Commemorative Alaska, USA . Remember, were investigating the audits of the greatest gold hoard on earth, which underpins the world reserve currency the US dollar. 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. 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. His visit was the one and only time a gold vault was opened for inspection for anyone other than authorized personnel. Two months later I still got no response. Audit report Fort Knox 1981. Fort Knox history. Coin Daily free rolls! Kids, Gifts for We will discuss the remaining 4 audit reports at once, as they are very similar. At Fort Knox, we are about people - great service members, outstanding civilians . 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 . 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. Few people have ever entered the vault,and while147.3 million ounces of goldallegedly exists inside, the accuracy remains in doubt. Why might the government entrust such inexperienced employees with this important task? www.smartaccess.us . This document also contains a summary of the 1980 audit which, by the way, isnt less detailed than the full 1981 report. President Reagan last spring demanding that this be looked into immediately. However, in some instances, the rationale for moving gold from one compartment to another proved elusive. Bureau of Government Financial Operations [BGFO]. All the benefits of simply switching from white to brown - AND how purple, Will El Salvador's new mega-prison turn into a bloodbath? 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. The gold vault at Fort Knox is "encased in 16,000 cubic feet of granite and 4,200 cubic yards of cement." Inside the famed vaults at Fort Knox, Senate Majority Leader Mitch McConnell held a 27-pound gold bar in his hands Monday as part of the first civilian delegation to see most of the country's bullion reserves in more than 40 years. We are a community that loves Silver, Period. Fort Knox is supposedly filled with 400 oz. 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 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 . 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. Instead, I was advised to contact the Treasury. Secretary of the Treasury Steven Mnuchin visited Fort Knox on August 21. No outside experts were allowed on the site for the audit, either, providing fodder for all kinds of conspiracy theorists.
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