when was the last time fort knox was audited

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. ', 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. Try Army A-Z. Train fares will rise by 5.9% TOMORROW - but travellers can still get cheaper tickets if they buy them Why is Britain experiencing so many earthquakes? The auditors were bored and decided to re-audit 1,700 tonnes. CoinWeek: Rare Coin, Currency, and Bullion News for Collectors, it should be clear that the Deep Storage gold has not been audited by professionals, but the precious metals have been verified by imbeciles., submitted a number of Freedom of Information Act (FOIA) requests, Kolbe & Fanning Booksellers Buy or Bid Sale #3 Today Through March 15, Selections from Atlas Numismatics New Ancient, World Coin Inventory, Lesser Known History of the US Mint in Saudi Gold and Other Tales, Bitcoins and Physical Cryptocurrency in Stacks Bowers Auction. 35 % first buy in bonus! 4. Fort Knox is supposedly filled with 400 oz. The committee was made up of staff from the Treasury, the Mint, and the Federal Reserve Bank of New York. *Its likely 97 % of the audited gold by the continuing audits committee has not been assayed by an independent assayer. 3. In an audit conducted at Fort Knox in 1953, 88 ingots were counted for verification. Coins, American This post is a sequel to A First Glance At US Official Gold Reserves Audits and Second Thoughts On US Official Gold Reserves Audits. As the last days tick away, let's take a moment to recap the top 12 stories at Fort Knox that shaped our 2021. About 000% of them were weighed. 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. An excuse was needed to break the seals. Fort Knox sits on over 100,000 acres and houses 30,000 military personnel. Between 10 and 1974 about 1986% of the gold was weighed in, a big drop from 2. I personally believe that rumor and the bulk of it has been sold off to the rich elites. 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. 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. The Armored Force School and the Armored Force Replacement Center began operations at Fort Knox in October 1940. 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. He ought to have known precisely how many pages were needed and presumably where to find them. Fort Knox is home to more than 30 commands and organizations with a daytime population of about 26,260 Soldiers, civilian employees and Family members. 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. The First Critical Observations. No need to read about these fascinating facts and important events that have shaped the U.S. as we know it today. noting that it was "over 20 years" since the last one. 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. I doubt an attempt to submitting a FOIA request directly to the Treasury Department will bring me anything; likely it will be a waste of time as I had already contacted all possible government departments separately, which could not deliver me the reports I was looking for despite none of them was unwilling to help me. 147.3 million ounces of gold is stored at Fort Knox. The last Congressional visit prior to this occurredin 1974. Same story at the US Mint and US National Archives. It saves time and labor costs. . 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). 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. Not only were the vault compartments at the FRBNY exempt from being sealed, in addition, for an unknown reason assay tests were never performed at the FRBNY! A waiting list may be required and part-time or hourly care may need special planning depending on demand, mission requirements, etc . In June 1975, the Treasury Secretary authorized and directed a continuing audit of U.S. The first screen shots below are from a gold verification at Fort Knox in March 1998. By using our website, you accept that cookies are used. 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. Written by Jan Nieuwenhuijs, originally published at Voima Gold Insight. 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. By Patrick A. Heller. It was nothing more than a peek-a-boo glance at the gold in fine Hollywood style. Moreover, it showed a number of (at best) inconsistencies in how the mint conducts its bullion inspection for auditing purposes. Site, Coin 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. Maybe a room or two full of gold but the rest is gone. 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. Equal Employment Opportunity. Revealed: The top 10 fastest-growing destinations for UK pensioners retiring overseas. Fort Knox is also on the list of these 10 forbidden places that no one is ever allowed to visit. In addition to the gold bricks, Bevin said he got to hold a 1933 double eagle, a $20 gold coin that was never circulated. Because this is the department currently responsible for the audits I was surprised my request to obtain all audit reports wasnt honored. A second storage facility was built at the same time: . U.S. Army Cadet Command Headquarters is located inside the Fort Knox installation which is located roughly 35 miles south of Louisville, Kentucky. Fort Knox history. Fort Knox: "Glad Gold Is Safe!". In an interview, McConnell said he could not say much about the visit for security reasons. However, no outside experts were allowed in during the audit, and only about 5% of the gold was actually tested. But theories exist regarding other possiblecontents of the vault -like the body of Jimmy Hoffa. The Treasury document says it would cost about $15 million to conduct an audit. The 1974/1975 and 1978 reports refer to the audits conducted in 1974 and 1977. . Exhibit 7.1. 'It's not even the annual funding level for some of our large departments in the federal government,' he said. fort knox crisis phone numbers. Koos takes a sharp jab at how the government bureaucracy operates, inveighing (with cause) that it should be clear that the Deep Storage gold has not been audited by professionals, but the precious metals have been verified by imbeciles.. The gold vault at Fort Knox is "encased in 16,000 cubic feet of granite and 4,200 cubic yards of cement." In 1974, WCPO Anchor Al Schottelkotte got a rare look inside the gold vault at Fort Knox, Kentucky. 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 U.S. gold reserves at Fort Knox are broken into different numbered compartments within the gold vault. 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. Few people have ever entered the vault,and while147.3 million ounces of goldallegedly exists inside, the accuracy remains in doubt. The depository holds more than 147 million ounces of gold, which puts its market value at more than $186 billion. Presidential Coins, Kennedy Half 'It would really be quite a movie if we walked in and there was no gold. I decided to send an email to the FOIA online Help Desk to ask what happened to my request. Are you already an expert in everything America? I am glad to report that everything at the depository looked to be secure and in order. ', 'I assume the gold is still there,' he said. On top of this, a decades worth (1993-2003) of Joint Seal inspections from the Denver and West Point depositories are not accounted 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. 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 . We are no longer accepting comments on this article. 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. eonon change home screen. Interactive map reveals when you may see SNOW. 4,243 bars were relocated from vault Jcompartment 19, to vault J compartment 2, at the Denver depository. 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. The day of the Mary Brooks tour of Fort Knox, September 23, 1974, the Treasury announced that for the first time in twenty-one years, they would agree to an audit of the U.S. gold reserve. 1126, San Diego, CA, 92128, USA . Over 640,000,000 ounces of real money sat behind those massive locked doors. Shipping within the United States The assay tests found no irregularities. His advice to me was to try at the General Accounting Office (GAO) and National Archives for more reports. According to the reports available to us,in 1985 the committee had to conclude the gold at the FRBNY was never audited! They could only find 2 reports I didnt posses previously, of the audits conducted in 1985 and 1986. And there is more, a lot more. Share this page: Army.mil. A barrel is worth about $1,200 or $2.88 per pound which is 10-18 times the value of U.S. crude oil. 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? 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. US citizens were required to sell their gold bullion - bars and coins - back to the State. Coincidentally almost all the gold assayed by the OIG from 2004 2008 was 9999 fine. 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. Ive found many anomalies that well discuss. Located in Kentucky, Fort Knox is a United States Army base whichhouses most of the US's gold reserves. Currency, Shop All In addition, the committee will include technicians from the Bureau of the Mint who are trained in assaying and weighing gold bullion. The last time Fort Knox had opened its vault to civilians was more than 40 years earlier. 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 . Engraved Prints, Shop All Gift The answer is, he cant. For the best and most secure experience in our catalog, please update your browser. 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. Liberty, Bush Kooss analysis of the procedures used found its rigor wanting in several key areas. Coin We are a community that loves Silver, Period. The One "Audit" Of Fort Knox. It seems these 6 reports (5 documents) are the only ones currently in existence and the remaining 7 have mysteriously disappeared. As a newcomer to Fort Knox, you are a part of the Gold Standard team that is making the Army's vision a reality. The First Critical Observations. Hisstatement 100 percent of the U.S. Governments gold reserves in the custody of the Mint has been inventoried and audited is impossible to confirm, as well see later on. Coins, Precious Your request was received in this office on March 3, 2015 and assigned FOIA case number RD 45578.

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