According to some sources, this is where most of the other Treasury's gold is located. *Its likely 97 % of the audited gold by the continuing audits committee has not been assayed by an independent assayer. In 1953, the US Treasury Department audited Fort Knox, but only around 5% of the gold underwent testing for purity. Save my name, email, and website in this browser for the next time I comment. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Welcome to the Coronation! Phone: +65 6284 4653, Chinas Secret Gold Supplier Is Singapore, Audits Of US Monetary Gold Severely Lack Credibility. : 201217896Z In performing the audit, the gold bars are physically moved from one vault compartment to another. 211 votes, 25 comments. Small quantities of gold are removed to test the purity during regularly scheduled audits. Moreover, it showed a number of (at best) inconsistencies in how the mint conducts its bullion inspection for auditing purposes. 213K subscribers in the Wallstreetsilver community. Kooss analysis of the procedures used found its rigor wanting in several key areas. Your browser is out of date. 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. Fort Knox, major U.S. military reservation in Meade, Hardin, and Bullitt counties, northern Kentucky, U.S. He said this, but there is no proof. . Us, ALL 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. Lets have a look. We are no longer accepting comments on this article. July 1986 12,477,777.638 [this number Icopied from the 1986 report]. 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. Because this is the department currently responsible for the audits I was surprised my request to obtain all audit reports wasnt honored. 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The golden secrets of the US Bullion They could only find 2 reports I didnt posses previously, of the audits conducted in 1985 and 1986. Built in 1936, security access for the facility make it difficult to get access. U.S. President Franklin D. Roosevelt passed legislation outlawing private ownership of gold, and gave instruction to build the depository at . Click on the links for more information:Buy for Vault Storage in Singapore Then let's raise a glass to a slower, quieter 2022 . 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. 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. All the benefits of simply switching from white to brown - AND how purple, Will El Salvador's new mega-prison turn into a bloodbath? It's going on right now as I say these words. *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. They wrote me by email: Mr. Nieuwenhuijs our Office of Audit found: as well as GAOs 1974/1975 and 1978 reports. 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. Ultimately, the Mint concluded that Koos would need to pay over $3,000 in order to have the documents gathered and copied. However, until the missing audit reports show up we can only look at this case as its presented by the US government through the documents that are publicly available. 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. Exhibit 7.2. Buy for Vault Storage in New Zealand This post is a sequel to A First Glance At US Official Gold Reserves Audits and Second Thoughts On US Official Gold Reserves Audits. Representative Alex Mooney (R . I will, however, submit a couple of new FOIAs at the US government regarding gold audits. ALL COIN PROGRAMS, National Purple Heart Hall of Fort Knox Gold: Once upon a time, the Fort Knox Bullion Depository was a vast storehouse for American gold. in 2004 the assayer was Ledoux & Company, a private contractor (read their homepage). 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. $800 weekly hand count free roll. when was the last time fort knox was audited Bevin, who said he collected coins as a child, compared it to 'seeing a leprechaun on a unicorn. 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. Equal Employment Opportunity. "Glad the gold is safe!". Between 1933 and 1937, this increased . From at least 1944 the world reserve currency is the US dollar, which was backed by gold until 1971 and supported by gold ever since. When thinking about these re-audits, threescenarios pop to mind: Why else wouldso much gold have been re-audited? Remember, were investigating the audits of the greatest gold hoard on earth, which underpins the world reserve currency the US dollar. ', 'I assume the gold is still there,' he said. As will conclusions and speculation. 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. The First Critical Observations. 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. RSS Feeds . The 1974/1975 and 1978 reports refer to the audits conducted in 1974 and 1977. Buffalo Coins, American Eagle Last time Fort Knox was audited was in 1953 and even then only - reddit Kids, Gifts for 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. ByI forget which date it was, I believe by 1986, wehold on just one second here, I got it. A barrel is worth about $1,200 or $2.88 per pound which is 10-18 times the value of U.S. crude oil. 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. Coins, Tours & The novel begins: 7:20 am, September 11, 2015. Ron Paul - Audit Fort Knox (the gold dipped tungsten bars) Submitted to: . On February 25, 2015, I submitted a FOIA request in orderto obtain the audit reports drafted by the Continuing Audits Of U.S.-Owned Goldcommittee in 1975, 1976, 1978, 1979, 1982, 1983 and 1984. Two months later I still got no response. Official Joint Seal inspection records from Fort Knox, June 1998 (courtesy of Koos Jansen through Freedom of Information Act). There can be no world reserve currency without appropriate gold reserves supporting it, providing essential confidence and credibility. The vaults were last opened to the public in the 1970s, and the last treasury secretary visit was in 1948. 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. In the excel sheet with the bar list of gold stored by the US Mint, published a few years ago, we can see nearly all the gold is low purity roughly 90 % pure very little was 9999 fine. When will the Beast from the East be at YOUR door? 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. Fort Knox DPW team completes large audit ahead of deadline in support Since 1993, when we assumed responsibility for the audit, my office has continued to directly observe the inventory and test the gold. "good delivery" bricks of gold found gutted and filled with tungsten within the confines of LBMA approved vaults in Hong Kong. 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 . Each and every bar there should be assayed in a full, independent audit. More than half of . 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. It was nothing more than a peek-a-boo glance at the gold in fine Hollywood style. No need to read about these fascinating facts and important events that have shaped the U.S. as we know it today. 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. ', 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. Although the quality of the gold in the custody of the Federal Reserve Bank of New York cannot be readily assayed,. 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. Dollars, Native Doubts About America's Official Gold Holdings: The US Gold Reserve Koos Jansen is a precious metal analyst from the Netherlands. 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. In the meantime I will fire several new FOIAs at the Office of the Inspector General and others. American $1 Coins, SHOP Gold at Fort Knox? Donald Trump Doesn't Think So | Kitco News 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. Pursuant to that order, the Committee for Continuing Audit of the U.S. Even then only 5% of the examined bullion was weighed and assayed to determine its purity. The gold stored in these compartments would get moved around if samples were taken for assaying during the audit. 35 % first buy in bonus! Fort Knox claims billions of dollars worth of gold are stored away in its secret vault. 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. Revealed: The top 10 fastest-growing destinations for UK pensioners retiring overseas. Fort Knox - RationalWiki President Reagan last spring demanding that this be looked into immediately. Over 640,000,000 ounces of real money sat behind those massive locked doors. It was decided to destroy several audit and assay reports and no less than 1,700 tonnes needed to be re-audited. I personally believe that rumor and the bulk of it has been sold off to the rich elites. 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? Questions: 97 percent of the gold was checked and sealed in an audit that ended in 1986, and annual partial audits by a third-party accounting firm continued after that, he said. My FOIA request had disappeared, or did it? However, a Freedom Of Information Act request Ive submitted in order to obtain all audit reports could not be honored. 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? The Eisenhower Administration Conducted The Last Audit Of Fort Knox. However, we were unable to locate records responsive to reports similarly titled or closely related to the subject annual gold audit 1975-1984. And the last time it was counted was actually in 1953." The Fort Knox facility, a hyper-secure fortress in Kentucky that is part of quintessential American lore, is .