The US official gold reserves are the worlds greatest by far at 8,134 metric tonnes. In June 1975, the Treasury Secretary authorized and directed a continuing audit of U.S. When the mint finally produced the audit documentation, Jansen received 134 lightly redacted pages (rather than the estimated total of 1,200 pages). A Fort Knox physical gold audit in 1953 was anything but full, neither was the famous audit in 1974. The first screen shots below are from a gold verification at Fort Knox in March 1998. 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. 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. 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. Ron Paul introduced a bill that would require the Fed to manually audit every U.S.-owned gold . Inspection of Gold at Fort Knox | U.S. Mint - United States Mint Jansen found instances in which the Treasurys auditors failed to follow the governments own procedures for the auditing process. . Buy for Vault Storage in the United States However, a Freedom Of Information Act request Ive submitted in order to obtain all audit reports could not be honored. Last time Fort Knox was audited was in 1953 and even then only - reddit Two tetrahedron-shaped chips were removed form the top and bottom of each bar assayed. Official Joint Seal inspection records from Fort Knox, June 1998 (courtesy of Koos Jansen through Freedom of Information Act). The assayer is unknown and no assay reports have been included in the audit reports. Tiger Woods unleashes his lawyers on porn site after it Bannon is 'going to war' against Jared, 'crying Ivanka' and A whole hue world! . Ron Paul wants gold at Fort Knox audited - Jun. 24, 2011 - CNNMoney document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. In 1974, after the US closed the gold window, congressional support grew for inquiring into the US gold stock. Coins, Precious 15919 Avenida Venusto, Apt. Our staff conducted a search using the National Archives Holdings Management System under the following records group numbers: RG 50 Treasurer of the United States, RG 56 General Records of the Department of the Treasury, RG 82 Federal Reserve System, RG 101 Office of the Comptroller of the Currency, RG 104 U.S. Mint, and RG 425 Financial Management Service. 'It would really be quite a movie if we walked in and there was no gold. initial 1974 Fort Knox audit which was conducted by GAO and Treasury auditors. In August 2017, US Treasury Secretary Steve Mnuchinvisited the gold vault at Fort Knox and, along with a few other politicians, surveyed the site. Answer (1 of 2): Who knows but it is rumored that the majority of the gold in Fort Knox no longer exists! "We have approximately $200 billion of gold at Fort Knox," said Mnuchin. Treasury Secretary William E. Simon issued the invitation to Congressmen to inspect the gold at Fort Knox. Maybe a room or two full of gold but the rest is gone. 3. U.S. Government Gold Reserve Auditor Deceptions The next screen shot is from the reply by the FOIA help desk on May 6, 2015. 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. If official documents come to surface I will report accordingly. Kinross - Fort Knox Mine April 22nd, 2021 Signature of Lead Auditor Page 2 of 47 . On the way to the vault, a literal mine field and an electric fence protectthe gold. Ron Paul questions whether there's gold at Fort Knox, NY Fed Is There Really Any Fort Knox Gold - Historic Mysteries Instead, I was advised to contact the Treasury. 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. 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). Does The Fort Knox Gold Really Exist? | Gold Eagle The depository was built following U.S. President, Franklin D. Roosevelt's, controversial 1933 legislation - Executive Order 6102 - which outlawed the private ownership of gold bullion. 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. 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 photographs were allowed, of course. What's really inside Fort Knox? The golden secrets of the US Bullion And being surrounded by more than $186 billion worth of gold was no sweat for one of the country's most powerful politicians. It saves time and labor costs. Bureau of Government Financial Operations [BGFO]. Only One President Has Ever Been Inside Fort Knox Why Is It - Ranker By using our website, you accept that cookies are used. However, in some instances, the rationale for moving gold from one compartment to another proved elusive. Shipping within the United States They could only find 2 reports I didnt posses previously, of the audits conducted in 1985 and 1986. Medals, Treasury and 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. Join FORT KNOX code Axykp! In addition to facilities in West Point and Denver, the Fort Knox facilityknown as the U.S. Bullion Depositorystands out for its reputation as an impenetrable fortress. Exhibit 2. 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?' Murdaugh is heckled as he leaves court, Moment teenager crashes into back of lorry after 100mph police race, Ken Bruce finishes his 30-year tenure as host of BBC Radio 2, Family of a 10-month-old baby filmed vaping open up, Missing hiker buried under snow forces arm out to wave to helicopter, Insane moment river of rocks falls onto Malibu Canyon in CA, Fleet-footed cop chases an offender riding a scooter, Ukrainian soldier takes out five tanks with Javelin missiles. So, what's really inside Fort Knox? Also, the assay test results from last year's gold audits at Fort Knox and West Point were I'm a vet, and here are five dog breeds most prone to cancer - including Golden Retrievers and Rottweilers. An overview starting from 1953: *In the 1953 report we could read 26 bars (0.00002 % of the total stash at that time) were assayed from bore samples. Try Army A-Z. 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. GAO stands for General Accounting Office, OIG stands for Office of Inspector General. 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. Moving on to the assay tests conducted at the US Mint. 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.. Page Last Modified: 8/26/19, 2:56 PM Fort Knox, KY. Our Nation's Gold Standard Army Home. Fort Knox gold subject of hearing. Daily free rolls! That shipment required a convoy of 33 15-ton trailers to move the gold. Fort Knox Is So Mysterious And Heavily Guarded, Only One US President Schultz from the New York Fed was part of the continuing audits committee and therefor the FRBNY was supposed to be audited. In addition, the committee will include technicians from the Bureau of the Mint who are trained in assaying and weighing gold bullion. It was also the first visit by a serving US Treasury Secretary since 1948. After 40 years, Fort Knox opens famed vault to civilians Fort Knox Scandal - Chapter 20 - Bill Still's Monetary Reforum Built in 1936, security access for the facility make it difficult to get access. walked past guards armed with submachine guns and through a 3-foot thick steel door into the . 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! Manyquestion the amount of gold that supposedly exists in the vault,and wonder what else hides within the building'swalls. Fort Knox Gold: Once upon a time, the Fort Knox Bullion Depository was a vast storehouse for American gold. Fort Knox facts. The gold is held as an asset at a value of $42.22 per ounce. It was obvious that some of the records were missing (or not provided). On September 24, 1974, a special settlement (audit) is scheduled to begin and at its conclusion a report on the audit will be issued. McConnell said he had never thought about visiting Fort Knox before, but jumped at the chance when Mnuchin offered to take him. Weve barely come across any independent auditor that saw, counted, weighed or assayed the US official gold reserves. PDF ICMI Gold Mining Audit Report - International Cyanide Management Code " He told an audience in Louisville, "I assume the gold is still there.". Conclusion. Mnuchin's Visit to Fort Knox l JM Bullion EMPTY! Is there any gold in Fort Knox? Government's denial of audit The answer is, he cant. This is remarkable. Fort Knox Looted of 7,000 Tons of Gold in 1973-1974 says 1981 Article! In 2011 it was portrayed as if KPMG currently is the third party auditor (next to the owner and custodian), but this is not true. 2/ As of September 30, 1982, 100 percent of the gold stored at the depository [Fort Knox] was audited under the initial continuing audit program. Compared to the samples taken in the 1950s and 60s, the standards for the integrity of the sample size had fallen sharply. If we carefully read the scarce audit reports available to us, wenotice the audit procedures were revised in 1983. Thats everything we have, or are aware of. 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. 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.

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