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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. Conspiracy Watch: All the Gold in Fort Knox - Mother Jones 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. ALL COIN PROGRAMS, National Purple Heart Hall of 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. Then, something very strange happened in 1983. 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. Although gold bars tested to be out of tolerance during a Fort Knox audit in 1977 at a sample size of 2 %, by 1998 the sample size had been further debased to 0.53 %. Daily free rolls! The Eisenhower Administration Conducted The Last Audit Of Fort Knox. Ive found many anomalies that well discuss. Kooss analysis of the procedures used found its rigor wanting in several key areas. (in millions of ounces), SIGN UP FOR EMAIL UPDATES AND TEXT MESSAGE ALERTS ABOUT PRODUCTS. Currency, Shop All In short, this all sounds like the audit process has a number of cracks through which accounting mistakes can easily slip through. One of last year's uproars was the decision by US officials to carry out an audit of these gold vaults. It was also the first visit by a serving US Treasury Secretary since 1948. Ron Paul - Audit Fort Knox (the gold dipped tungsten bars) 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. The official story from OIG is that 100 % of the gold stored at Fort Knox was audited in between 1974 and 1986, . The public may never know. However, if that intruder had turned to the west he would have . Gold verification at Fort Knox March 1998, page 3. PDF AUDIT REPORT - BullionStar I also want to assure you that the physical security over the gold reserves is absolute. Fort Knox is Probably Empty, Gold Missing - Stillness in the Storm However, how trustworthy is this system of accounting? Ultimately, the Mint concluded that Koos would need to pay over $3,000 in order to have the documents gathered and copied. Coincidentally almost all the gold assayed by the OIG from 2004 2008 was 9999 fine. 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. Facilities, Production Few people have ever entered the vault,and while147.3 million ounces of goldallegedly exists inside, the accuracy remains in doubt. *In 1974 the New York assay office tested 95 bars. PDF Fort Knox, Kentucky - United States Army fort knox crisis phone numbers. Moving on to the assay tests conducted at the US Mint. The facility also featuresvideo cameras, motion detectors, and secret microphones, all set to pick up the presence of anyone or anything that doesn't belong. 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. 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? . Lets recap what weve studied in the previous posts. 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. Gold verification at Fort Knox March 1998, page 1. Manyquestion the amount of gold that supposedly exists in the vault,and wonder what else hides within the building'swalls. In 1974, after the US closed the gold window, congressional support grew for inquiring into the US gold stock. Text Alerts, Contact Is There Gold in Fort Knox? - CBS News Us, ALL The Eisenhower Administration Conducted The Last Audit Of Fort Knox In 1953, the US Treasury Department audited Fort Knox, but only around 5% of the gold underwent testing for purity. He attempted to pinpoint how the Treasury Department verifies that the gold in its vault is both present and real. 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. 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. 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? His advice to me was to try at the General Accounting Office (GAO) and National Archives for more reports. In 1953, the US Treasury Department audited Fort Knox, but only around 5% of the gold underwent testing for purity. Why havent we ever seen any assays of coin bars? 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. Site, Coin Currently the Office Inspector General of the Treasury is responsible for the audits of the gold reserves at the US Mint. At the end of Fiscal Year of 2008, all 42 compartments had been audited by either the GAO, 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 views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. The First Critical Observations. Fort Knox Internal Review and Audit Compliance. As required under the Cyanide Code, the mine was again audited against ICMI's Verification Protocol by independent professional third-party auditors within three . 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. There Is Gold in Fort Knox | Newsmax.com Select stock location for your desired country in the dropdown to view our inventory available in that country. Weve focused on the first audits of the gold stored by the US Mint. The Great American Disaster: How Much Gold Remains In Fort Knox? . Domestic and International Shipping from Singapore Kinross Gold Corporation's Fort Knox Mine Achieves Fifth Certification According to official statistics, the United States holds far and away the largest gold reserves of any sovereign nation or supranational institution. When I logged in at my account at the FOIA website, I saw my request had disappeared. We are a community that loves Silver, Period. Metal Coins, back to Welcome to the Coronation! Determined to uncover more about the bullion stockpile, BullionStars Koos Jansen submitted a number of Freedom of Information Act (FOIA) requests to the U.S. Mint. U.S. Treasury Secretary Steven Mnuchin initiated the visit, along with U.S. Rep. Brett Guthrie and Gov. My FOIA request had disappeared, or did it? The Congressional inspection adheres to the new open door policy of the government announced by President Ford. I left school at 16 with six GCSEs - and became a self-made millionaire. The other two-thirds, however, have not been inventoriedthat is according to my understandingor assayed since somewhere between 1975 and 1986. *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. 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. Why might the government entrust such inexperienced employees with this important task? July 21, 2017 7:24AM. This is basically an affirmation that the bullion was up to snuff at the last audit, and has been sealed since. Ron Paul introduced a bill that would require the Fed to manually audit every U.S.-owned gold . US Official Gold Reserves Auditor Caught Lying - Substack initial 1974 Fort Knox audit which was conducted by GAO and Treasury auditors. walked past guards armed with submachine guns and through a 3-foot thick steel door into the . Shipping within the United States 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. Prince Andrew chuckles as he encounters female jogger on way to his weekly Windsor horse-riding trip. The official story from OIG is that 100% of the gold stored at Fort Knox was audited in between 1974 and 1986, although there is no US government department that has the audit reports. After the gold was audited by the Continuing Audit committee all compartments were placed under Official Joint Seal. Coins, American Next, we can see Thorsons list he presented of physical gold audit reports of the continuingaudit program from 1974 to 1986. 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. 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. On September 24, 1974, a special settlement (audit) is scheduled to begin and at its conclusion a report on the audit will be issued. 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. Small quantities of gold are removed to test the purity during regularly scheduled audits. 15919 Avenida Venusto, Apt. 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. A movie producer before becoming treasury secretary, Mnuchin told a group of Louisville business leaders earlier in the day it was important for him to see the gold to attest that 'it is part of our national assets. Company Registration No. Coins, Tours & Questions: In June 1975, the Treasury Secretary authorized and directed a continuing audit of U.S. Bevin, who said he collected coins as a child, compared it to 'seeing a leprechaun on a unicorn. The Gold-Backed-Oil-Yuan Futures Contract Myth, Estimated Chinese Gold Reserves Surpass 20,000t. Matt Bevin. 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. Inside the lonely life of 'pavement killer': Neighbours reveal how 'childlike' disabled woman jailed for Tragedies of Everest: The adventurers forever frozen in ice after losing their lives scaling the world's 'Why the last-minute delay?' What the Hell is This?: Mnuchin Tweets on Fort Knox Gold 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. 147.4 million fine troy ounces, valued at $6.2 billion, is stored in 13 vault compartments at Fort Knox Bullion Depository. Although the quality of the gold in the custody of the Federal Reserve Bank of New York cannot be readily assayed,. To access the gold vault at Fort Knox, you'd need to make your way through a network of security measures. The assay tests found no irregularities. 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. . Fort Knox - RationalWiki document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Approximately half the U.S. Treasury's gold is located in the storage facility at Fort Knox ', 'I assume the gold is still there,' he said. At this stage I havent been able to get my hands on any assay report from 1974 1986. As a freebie trip for 4 select political insiders, last Monday's trip to Fort Knox was undoubtedly a memorable one . And there is more, a lot more. Shortly after I got an email that statedmy request had been received and was being processed. previous, Kids 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. Mint Medals, Shop All Paper By Patrick A. Heller. The Counsel to the Inspector General Department of the Treasury told me his department only had 4 of the 13 reports I was looking for. "We have approximately $200 billion of gold at Fort Knox," said Mnuchin. RSS Feeds . 45 New Bridge Road, Singapore 059398 Singapore Military/Civilian clock Examples of Civilian/Military time conversion. 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. The last time anyone had access to inspect the deposits was on September 23, 1974. . Save my name, email, and website in this browser for the next time I comment. Because this is the department currently responsible for the audits I was surprised my request to obtain all audit reports wasnt honored. In addition to facilities in West Point and Denver, the Fort Knox facility-known as the U.S. Bullion Depository -stands out for its reputation as an impenetrable fortress. Internal Review & Audit Compliance :: U.S. Army Fort Knox: Gold This is remarkable. Bags, & Boxes, Code Exhibit 1. U.S. Army Cadet Command Headquarters is located inside the Fort Knox installation which is located roughly 35 miles south of Louisville, Kentucky. It lies 30 miles (48 km) southwest of Louisville and occupies an area of 172 square miles (445 square km). When thinking about these re-audits, threescenarios pop to mind: Why else wouldso much gold have been re-audited? More false statements by the auditor have appeared, further eroding its credibility. 4,243 bars were relocated from vault Jcompartment 19, to vault J compartment 2, at the Denver depository. 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. After the Congressional inspection, the Bullion Depository will once again be closed to visitors. In addition to the gold bricks, Bevin said he got to hold a 1933 double eagle, a $20 gold coin that was never circulated. All your favorite.50 games all in one club! Join FORT KNOX code Axykp 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. ( 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. Alaska, USA . It was obvious that some of the records were missing (or not provided). Scales at the Mint used to weigh the bars often didnt work properly. A second storage facility was built at the same time: . 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. A waiting list may be required and part-time or hourly care may need special planning depending on demand, mission requirements, etc . The gold at Fort Knox is stored in one of the most secure facilities in the world. Try Army A-Z . Fort Knox: "Glad Gold Is Safe!" - Miles Franklin Mnuchin's Visit to Fort Knox l JM Bullion *Its likely 97 % of the audited gold by the continuing audits committee has not been assayed by an independent assayer. If official documents come to surface I will report accordingly. when was the last time fort knox was audited And the last time it was counted was actually in 1953." The missing audit reports and assay reports feed into our skepticism. Audit report Fort Knox 1981. Share this page: Army.mil. BY . Presidential Coins, Kennedy Half There was nothing left to do but submit a Freedom Of Information Act (FOIA) request. They wrote me by email: Mr. Nieuwenhuijs our Office of Audit found: as well as GAOs 1974/1975 and 1978 reports. 'It's not even the annual funding level for some of our large departments in the federal government,' he said. Of course,strange things have been stored in the vault, like morphine and opiumduring the early '90s. Let me show you an example of Fort Knox. At the hearing Thorson presented exhibits to support his case 100 % of the gold held at the US Mint has been audited. Treasury Secretary William E. Simon issued the invitation to Congressmen to inspect the gold at Fort Knox. The Mint and the GAO were sanctioned to audit a portion of the Treasury's gold. He said this, but there is no proof. Cookies are also used for the purpose of handling our system and services. The gold stored in these compartments would get moved around if samples were taken for assaying during the audit. Experts weigh in as tremors hit Wales, Cornwall and the Are YOU eating the right colours? 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. Are you already an expert in everything America? Lets read more about the audits at the FRBNY conducted under the continuing audits program, a quote from the 1981 report: The audit procedures followed [at the FRBNY] are essentially the same as those followed at Bureau of the Mint depositories, except that assay samples are not taken to verify the purity of the gold. 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. ', 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. My assumption is, these assays from 2004 2008 are all assays authorized by the OIG from 1993 2008 and therefor cover 3 % of the gold stored at the US Mint. Click on the links for more information:Buy for Vault Storage in Singapore Built in 1936, security access for the facility make it difficult to get access. Plus, US Mint Police remain a constant presence, and preside over the grounds from four machine gun towers placed around the perimeter. Sevenreports are missing. 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. An excuse was needed to break the seals. 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. I have copied as much quotes in this post as I can to minimize the possibility of an erroneous interpretation of the official text in the audit reports. Coins, Precious Fort Knox, Kentucky is an Army base with more than one hundred thousand acres stretching across three counties. On this sheet 5 physical gold audit reports are listed, framed in red. 'It just kind of came up as a result of a casual conversation,' McConnell said. The Armored Force School and the Armored Force Replacement Center began operations at Fort Knox in October 1940. As a newcomer to Fort Knox, you are a part of the Gold Standard team that is making the Army's vision a reality. 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. 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. In 1974, WCPO Anchor Al Schottelkotte got a rare look inside the gold vault at Fort Knox, Kentucky. 1495,not enacted) in 2011 the Inspector General (IG) of the Treasury presented a case all is fine, but all is not fine. there has not been anyone allowed access to confirm the gold amounts that are supposedly stored at the Fort. 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. Ron Paul worries Fort Knox gold is gone. The First Critical Observations. 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. 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Paul has introduced legislation that would require an independent audit of the 5,000 plus tons of gold bullion that is believed to stored in the Fort Knox, Kentucky vault. The First Critical Observations", February 2017. Former US Mint director Edmund Moy has stated in 2013 US reserves contain mainly coin bars because of the great confiscation in 1933 by President Roosevelt, when US citizens were forced to hand in all physical gold. 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. A waiting list may be . Fort Knox, major U.S. military reservation in Meade, Hardin, and Bullitt counties, northern Kentucky, U.S. New York man wears glasses that help him Isabel Oakeshott receives 'menacing' message from Matt Hancock, Ken Bruce: 'I always wanted to be a radio presenter from about 15', Pavement where disabled woman gestured at cyclist before fatal crash, Pro-Ukrainian drone lands on Russian spy planes exposing location, 'Buster is next!' Equal Employment Opportunity. 213K subscribers in the Wallstreetsilver community. Is Gold in Fort Knox Real? Ron Paul Wants to Know - CNBC Fort Knox Is So Mysterious And Heavily Guarded, Only One US President Test yourself with this Cockney Rhyming Slang quiz. However, the documents released are incomplete and reveal the audit procedures have not been executed proficiently. Thats everything we have, or are aware of. U.S. Government Gold Reserve Auditor Deceptions