fort knox crisis phone numbers. Two tetrahedron-shaped chips were removed form the top and bottom of each bar assayed. Try Army A-Z . It was obvious that some of the records were missing (or not provided). If official documents come to surface I will report accordingly. More false statements by the auditor have appeared, further eroding its credibility. Also, the assay test results from last year's gold audits at Fort Knox and West Point were 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. Senator from Kentucky, where Fort Knox is located. . " He told an audience in Louisville, "I assume the gold is still there.". It seems these 6 reports (5 documents) are the only ones currently in existence and the remaining 7 have mysteriously disappeared. Much of this newfound gold came into government coffers as a result of President Franklin Roosevelts executive order confiscating privately held gold in 1933. 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. Your request was received in this office on March 3, 2015 and assigned FOIA case number RD 45578. Between 1933 and 1937, this increased . Thats everything we have, or are aware of. Every year the gold in Fort Knox is audited by checking the official joint seals that were placed on all vault compartments during the continuing audits of U.S.-owned gold from 1974 until 1986, when allegedly 97 % of the (Deep Storage) gold was inspected. Questions: Then, from 2005 to 2008 the assay tests were conducted by White Sands Missile Range, which is a subsidiary of the US army. Despite continued inquiries, the US Mint refuses to offer up proof of the exact amount of gold held at Fort Knox. 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. Here is a rundown of some of Kooss key findings. Government-owned Gold, or my office, and placed under official joint seals. As the last days tick away, let's take a moment to recap the top 12 stories at Fort Knox that shaped our 2021. The gold is held as an asset at a value of $42.22 per ounce. 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. No outside experts were allowed on the site for the audit, either, providing fodder for all kinds of conspiracy theorists. 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. Fort Knox Gold: Once upon a time, the Fort Knox Bullion Depository was a vast storehouse for American gold. 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. In August 2017, US Treasury Secretary Steve Mnuchinvisited the gold vault at Fort Knox and, along with a few other politicians, surveyed the site. We will discuss the remaining 4 audit reports at once, as they are very similar. A congressional delegation and some journalists got a look at the gold in 1974. 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. Exhibit 7.2. Rep. Ron Paul (R-Texas) said he plans to introduce legislation next year to force an audit of U.S. holdings of gold. Conclusion. I left school at 16 with six GCSEs - and became a self-made millionaire. Telephone: (502) 624-2386. 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. The usage of cookies and the collection of customer information by BullionStar is guided by our. Secretary Mnuchin's statements were not helpful. At the hearing Thorson presented exhibits to support his case 100 % of the gold held at the US Mint has been audited. Located in Kentucky, Fort Knox is a United States Army base whichhouses most of the US's gold reserves. The initial intention is clear to us, the FRBNY was supposed to be audited; the gold to be counted, weighed, assayed and the compartments to be sealed (these were the audit procedures of the continuing audits committee). If we carefully read the scarce audit reports available to us, wenotice the audit procedures were revised in 1983. Share this page: Army.mil. The public may never know. 45 New Bridge Road, Singapore 059398 Singapore Fort Knox is also on the list of these 10 forbidden places that no one is ever allowed to visit. By Everett Millman Gainesville Coins . Test yourself with this Cockney Rhyming Slang quiz. The last time that Congress audited it was 2019. Talkers Medals, Military Presidential Coins, Kennedy Half Interactive map reveals when you may see SNOW. Connecting thereto, from Thorsons opening statement: My office began conducting annual audits of the gold reserves in Fiscal Year 1993. Facilities, Production In addition to the gold bricks, Bevin said he got to hold a 1933 double eagle, a $20 gold coin that was never circulated. 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. I also want to assure you that the physical security over the gold reserves is absolute. Fort Knox, Kentucky is an Army base with more than one hundred thousand acres stretching across three counties. Ledoux & Company found no irregularities in 2004. ( 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. Beginning in 1974, the auditors of the U.S. government's gold reserves held at Fort Knox, Ky., and at the U.S. Mint facilities in Denver, Colo., and West Point, N.Y. (which was named the West Point Bullion Depository from its opening in 1937 until it gained status as an official Mint in 1988), started a 10-year program to verify 100 percent of the gold reserves. 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 newcomer to Fort Knox, you are a part of the Gold Standard team that is making the Army's vision a reality. A second storage facility was built at the same time: . Currency, Shop All And we attempted to contact a records management officer at the Treasury Department, but did not receive a reply as of the date of this letter. Alaska, USA . Why might the government entrust such inexperienced employees with this important task? Moreover, it showed a number of (at best) inconsistencies in how the mint conducts its bullion inspection for auditing purposes. However, the documents released are incomplete and reveal the audit procedures have not been executed proficiently. Moving on to the assay tests conducted at the US Mint. The First Critical Observations. The assay tests found no irregularities. Select stock location for your desired country in the dropdown to view our inventory available in that country. when was the last time fort knox was audited. 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). The last time Fort Knox had opened its vault to civilians was more than 40 years earlier. About 000% of them were weighed. There was nothing left to do but submit a Freedom Of Information Act (FOIA) request. At the congressional hearing of the Gold Transparency Act (H.R. In an interview, McConnell said he could not say much about the visit for security reasons. 1495,not enacted) in 2011 the Inspector General (IG) of the Treasury presented a case all is fine, but all is not fine. Shipping within New Zealand. The event, Sept. 23, 1974, is often inaccurately called the last audit of Fort Knox. This document also contains a summary of the 1980 audit which, by the way, isnt less detailed than the full 1981 report. 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. Others claim the goldis actually justtungsten bricks painted to look like the precious metal. A separate post will be dedicated to KPMG. Ron Paul introduced a bill that would require the Fed to manually audit every U.S.-owned gold . According to official statistics, the United States holds far and away the largest gold reserves of any sovereign nation or supranational institution. What his dogged FOIA requests have failed to reveal, unfortunately, is anything that would put the questions about the Fort Knox gold to rest. 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. Fort Knox, major U.S. military reservation in Meade, Hardin, and Bullitt counties, northern Kentucky, U.S. 26 Feb 2017 13:18. No outside experts were allowed on the site for the audit, either, providing fodder for all kinds of conspiracy theorists. At this stage I havent been able to get my hands on any assay report from 1974 1986. In October 1984, 4,136,046.924 fine troy ounces of gold were reaudited at the United States Mint, Denver. Approximately half the U.S. Treasury's gold is located in the storage facility at Fort Knox 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?' ByI forget which date it was, I believe by 1986, wehold on just one second here, I got it. More than half of . But Bevin, speaking on WHAS radio, divulged a few more details. 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!' All News, Articles, Commentary and Opinions are contributed by the author(s), with or without compensation, who are solely responsible for the content, and do not represent CoinWeek Management. I am glad to report that everything at the depository looked to be secure and in order. However, in some instances, the rationale for moving gold from one compartment to another proved elusive. 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! 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. *For all other publicly available audit reports (1980, 1981, 1985, 1986) its very briefly mentioned assay tests were conducted, presumably for one in every fiftieth melt. Lets recap what weve studied in the previous posts. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Engraved Prints, Shop All Gift 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. The U.S. gold reserves at Fort Knox are broken into different numbered compartments within the gold vault. American $1 Coins, SHOP 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. Medals, Email & No irregularities were found. Coins, American The process would take about 30 minutes to verify the gold content of each bar, or 350,000 man hours; to do that . Domestic and International Shipping from Singapore Then, something very strange happened in 1983. . The missing audit reports and assay reports feed into our skepticism. The assayer is unknown and there was no assay report included in the audit report. And being surrounded by more than $186 billion worth of gold was no sweat for one of the country's most powerful politicians. When I logged in at my account at the FOIA website, I saw my request had disappeared. The Mint and the GAO were sanctioned to audit a portion of the Treasury's gold. Did The Dutch Central Bank Lie About Its Gold Bar List? The target this time is the United States Treasury Assay Office in New York . A waiting list may be . 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 Coin In the meantime I will fire several new FOIAs at the Office of the Inspector General and others. Between July 1983 and July 1985 the gold was audited in accordance with the plan approved by the Treasurer, as follows. 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. Learn how your comment data is processed. Atthe congressional hearing in 2011 the IG stated to be 100 % certain all gold stored by the Mint was inventoried and audited, yet his department had accessto only a fraction (4) of all audit reports (13). One of the mostsecure andinaccessible places in the world, the facility once held the Declaration of Independence and Bill of Rights. The last full audit was done in 1953 . 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.
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