Welcome to the Coronation! Much of this newfound gold came into government coffers as a result of President Franklin Roosevelts executive order confiscating privately held gold in 1933. No outside experts were allowed on the site for the audit, either, providing fodder for all kinds of conspiracy theorists. Buy for Vault Storage in New Zealand But theories exist regarding other possiblecontents of the vault -like the body of Jimmy Hoffa. 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. Over 640,000,000 ounces of real money sat behind those massive locked doors. 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?' Ledoux & Company found no irregularities in 2004. 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. 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", February 2017. Fort Knox is Probably Empty, Gold Missing - Stillness in the Storm Then, something very strange happened in 1983. Kinross Gold Corporation's Fort Knox Mine Achieves Fifth Certification . Bags, & Boxes, Code 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. Save my name, email, and website in this browser for the next time I comment. Try Army A-Z . The public may never know. 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. 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 %. July 1986 12,477,777.638 [this number Icopied from the 1986 report]. These CDCs offer full-day care, part-day, and hourly care. 26 Feb 2017 13:18. Kooss analysis of the procedures used found its rigor wanting in several key areas. 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. Where's The Gold! ? Is Fort Knox Empty? - common-sense-in-america.com In 2011, the U.S. Treasury's full detailed schedules of gold bars were published by the US House Committee on Financial Services as part of submissions for its hearing titled "Investigating the Gol. 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. Ron Paul - Audit Fort Knox (the gold dipped tungsten bars) Fort Knox U.S. Gold Reserves to be Independently Audited and Assayed 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). This effort to audit the Fort Knox gold, the Federal Reserve, and its policies toward gold is now carried on by the younger Paul, Rand, who currently serves as a U.S. Company Registration No. 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. The controversial 'trauma expert' interviewing Prince Harry: Gabor Mat was warned by the Canadian A big Beckham birthday! While this sum is unreasonable, a crowdfunding campaign donated the total in less than 24 hours (strangely enough, the Mint never actually cashed Kooss check, and nearly all of the money was eventually refunded.). U.S. Mint Releases Fort Knox Audit - CoinWeek 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. He said this, but there is no proof. There Is Gold in Fort Knox | Newsmax.com The Fort Knox facility, a hyper-secure fortress in Kentucky that is part of quintessential American lore, is . It basically coveredby 1986, 97 percent of the Government-owned gold held by the Mint had been audited and placed under joint seal. 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. 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 . Circulating The BGFO and Mint staff was replaced by the OIG and the revised audit procedures were invented as a reason to open several compartments. 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. Part One, We use cookies to enhance the user experience and to analyse traffic. Fort Knox, Kentucky is an Army base with more than one hundred thousand acres stretching across three counties. Daily free rolls! Given all the protection, it seems obvious that billions of dollars worth of gold (or something) indeed resides at Fort Knox. 213K subscribers in the Wallstreetsilver community. U.S. Treasury Secretary Steven Mnuchin initiated the visit, along with U.S. Rep. Brett Guthrie and Gov. In the meantime I will fire several new FOIAs at the Office of the Inspector General and others. 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. Kinross - Fort Knox Mine April 22nd, 2021 Signature of Lead Auditor Page 2 of 47 . Connecting thereto, from Thorsons opening statement: My office began conducting annual audits of the gold reserves in Fiscal Year 1993. US Mint Releases New Fort Knox "Audit Documentation": First Critical 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). Published: 22:22 GMT, 21 August 2017 | Updated: 06:57 GMT, 22 August 2017, Honored guests: Treasury Secretary Steve Mnuchin (left) and Senate Majority Leader Mitch McConnell (right) outside the main door to the United States Bullion Depository at Fort Knox on Monday. In response to a FOIA request the US Mint has finally released reports drafted from 1993 through 2008 related to the physical audits of the US official gold reserves. I decided to send an email to the FOIA online Help Desk to ask what happened to my request. eonon change home screen. In June 1975, the Treasury Secretary authorized and directed a continuing audit of U.S. Koos Jansen. The official story from OIG is that 100 % of the gold stored at Fort Knox was audited in between 1974 and 1986, . If official documents come to surface I will report accordingly. By Jennifer Liberto @ CNNMoney June 24, 2011: 11:58 AM ET. Here is a rundown of some of Kooss key findings. You can change the usage of cookies in your browser. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. PDF ICMI Gold Mining Audit Report - International Cyanide Management Code The vault can withstand guns, blowtorches, and other incendiary devices. There Is No Proof All Gold Is In Fort Knox. His advice to me was to try at the General Accounting Office (GAO) and National Archives for more reports. All your favorite.50 games all in one club! Join FORT KNOX code Axykp Mnuchin's Visit to Fort Knox l JM Bullion The gold is held as an asset at a value of $42.22 per ounce. 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. The vaults were last opened to the public in the 1970s, and the last treasury secretary visit was in 1948. Government-owned gold for which Treasury is accountable. 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. ', 'All I will say is that it is freakishly well secured,' he said. but American gold holdings were reportedly last audited in 1953 (which includes testing for purity); Fort Knox's gold was . Fort Knox Gold - History of Fort Knox | BullionByPost In addition to the gold bricks, Bevin said he got to hold a 1933 double eagle, a $20 gold coin that was never circulated. Did The Dutch Central Bank Lie About Its Gold Bar List? The Treasury document says it would cost about $15 million to conduct an audit. After 40 years, Fort Knox opens famed vault to civilians When the mint finally produced the audit documentation, Jansen received 134 lightly redacted pages (rather than the estimated total of 1,200 pages). More than half of . For the best and most secure experience in our catalog, please update your browser. 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). Official records claimed 20,000 tons in the 1950s. Moving on to the assay tests conducted at the US Mint. More false statements by the auditor have appeared, further eroding its credibility. And being surrounded by more than $186 billion worth of gold was no sweat for one of the country's most powerful politicians. It was obvious that some of the records were missing (or not provided). GAO stands for General Accounting Office, OIG stands for Office of Inspector General. 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. One of last year's uproars was the decision by US officials to carry out an audit of these gold vaults. Jansen is a longtime gold insider and journalist reporting on, for example, the goings-on of the incipient Shanghai Gold Exchange (SGE). In 1977 the New York assay office, which is a subsidiary of the US Mint, conducted the assays. One of the mostsecure andinaccessible places in the world, the facility once held the Declaration of Independence and Bill of Rights. The gold at Fort Knox is stored in one of the most secure facilities in the world. It seems that a portion of the Mint and the U.S. gold reserves were audited in an assay between 1993 and 2008, as you acknowledged. Exhibit 7.2. Visitor Information :: U.S. Army Fort Knox: Gold Standard Army Installation This fits right into how the US government imposes audits on their official gold reserves; the audits are performed by the US government itself. 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. Based on glaring conflicts among the Treasury's own documents, this staggering amount of gold disappeared without a trace from 1961 to 1971. . EMPTY! Is there any gold in Fort Knox? Government's denial of audit On April 28, 1943, President Franklin D. Roosevelt inspected the Bullion Depository, Mrs. Brooks said. Furthermore, these audits found no exceptions of any consequence. Following the Second World War, with the United States emerging as the lone remaining superpower, the countrys gold holdings reached as high as 20,000 tonnes! At this stage I havent been able to get my hands on any assay report from 1974 1986. *Its likely 97 % of the audited gold by the continuing audits committee has not been assayed by an independent assayer. 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). Weve focused on the first audits of the gold stored by the US Mint. 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. 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. The U.S. gold reserves at Fort Knox are broken into different numbered compartments within the gold vault. Why might the government entrust such inexperienced employees with this important task? From 1993 to 2008 the remaining 3 % of the gold reserves stored at the US Mint hasbeen audited I assume. Gold verification at Fort Knox March 1998, page 3. US Mint Releases New Fort Knox "Audit Documentation". The First The OIG audited 3 % from 1993 2008. in 2004 the assayer was Ledoux & Company, a private contractor (read their homepage). It was a magnificent golden sunrise that inspired visions of glory, wealth, and beauty. Two tetrahedron-shaped chips were removed form the top and bottom of each bar assayed. In 1974, WCPO Anchor Al Schottelkotte got a rare look inside the gold vault at Fort Knox, Kentucky. 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. Is There Really Any Fort Knox Gold - Historic Mysteries These could be better understood, or clarified, if we could obtain all audit reports from 1974 1986. Compartments audited at Mint institutions and depositories are kept under official joint seal by representatives of the audit committee. The auditors were bored and decided to re-audit 1,700 tonnes. . teaching assistant pay netmums; when was the last time fort knox was audited. 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. Kids, Gifts for Why havent we ever seen any assays of coin bars? 3. No outside experts were allowed on the site for the audit, either,providingfodder for all kinds of conspiracy theorists. Gold at Fort Knox? Donald Trump Doesn't Think So | Kitco News Sevenreports are missing. The Fort Knox Gold was last audited in the 1950s. Ive found many anomalies that well discuss. Donald Trump Doesn't Think So. Treasury Secretary William E. Simon issued the invitation to Congressmen to inspect the gold at Fort Knox. In 1953, the US Treasury Department audited Fort Knox, but only around 5% of the gold underwent testing for purity. Two months later I still got no response. Fort Knox opens famed vault to civilians after 40 years Newborns, Gifts The depository holds more than 147 million ounces of gold, which puts its market value at more than $186 billion. According to the reports available to us,in 1985 the committee had to conclude the gold at the FRBNY was never audited! 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. The missing audit reports and assay reports feed into our skepticism. I did read one time that the queen of England a. Thats 6 down, 7 more to go. 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. Monetary Gold Stock of the United States Sets, Commemorative However, as Ive written in my post Where Did The Gold In Fort Knox Come From? 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. The event, Sept. 23, 1974, is often inaccurately called the last audit of Fort Knox. Former US Mint Director Clueless On Gold In Fort Knox - GoldSeek 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 . 147.3 million ounces of gold is stored at Fort Knox. US Mint Provided Fort Knox Gold Audit Documents!! Fort Knox Looted of 7,000 Tons of Gold in 1973-1974 says 1981 Article! On the way to the vault, a literal mine field and an electric fence protectthe gold. 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. All your favorite.50 games all in one club! U.S. Government Lost 7 Fort Knox Gold Audit Reports Internal Review & Audit Compliance :: U.S. Army Fort Knox: Gold From the 1985 report: Coins, American A Fort Knox physical gold audit in 1953 was anything but full, neither was the famous audit in 1974. Mint Medals, Shop All Paper Fort Knox is also on the list of these 10 forbidden places that no one is ever allowed to visit. The First Critical Observations. Scales at the Mint used to weigh the bars often didnt work properly. Government-owned Goldare not in our collection." 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? *For the audits performed in 1975, 1976, 1978, 1979, 1982, 1983 and 1984 under the continuing audits program allegedly 1 in 50 melts has been assayed, although there are no audit reports, nor assay reports, nor do we know who the assayer was. In an interview, McConnell said he could not say much about the visit for security reasons. Dollars, Native 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. Buffalo Coins, American Eagle And there is more, a lot more. Review of US Bullion Depository (Fort Knox) gold audits - plenty of The New Year kicked off . 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. Small quantities of gold are removed to test the purity during regularly scheduled audits. Even then only 5% of the examined bullion was weighed and assayed to determine its purity. fort knox crisis phone numbers. Shortly after I got an email that statedmy request had been received and was being processed. Fort Knox is used to store a large portion of United States official gold reserves and occasionally other precious . The last Congressional visit prior to this occurredin 1974. For instance, sample sizes used for assaying were conspicuously small. 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 wants gold at Fort Knox audited - Jun. 24, 2011 - CNNMoney Shipping within the United States One wonders: was this a simple oversight or some kind of conscious obfuscation effort? The last time Fort Knox had opened its vault to civilians was more than 40 years earlier. 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. . Moreover, it showed a number of (at best) inconsistencies in how the mint conducts its bullion inspection for auditing purposes. 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 .