Save my name, email, and website in this browser for the next time I comment. Fort Knox, Kentucky is an Army base with more than one hundred thousand acres stretching across three counties. Company Registration No. It was obvious that some of the records were missing (or not provided). Official Joint Seal inspection records from Fort Knox, June 1998 (courtesy of Koos Jansen through Freedom of Information Act). previous, Kids It was a magnificent golden sunrise that inspired visions of glory, wealth, and beauty. He said this, but there is no proof. The missing audit reports and assay reports feed into our skepticism. One wonders: was this a simple oversight or some kind of conscious obfuscation effort? *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. Talkers Medals, Military Phone: +65 6284 4653, Chinas Secret Gold Supplier Is Singapore, Audits Of US Monetary Gold Severely Lack Credibility. On top of this, a decades worth (1993-2003) of Joint Seal inspections from the Denver and West Point depositories are not accounted for. 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. Cookies are also used for the purpose of handling our system and services. "Glad the gold is safe!". Fort Knox Operation . when was the last time fort knox was audited. They wrote me by email: Mr. Nieuwenhuijs our Office of Audit found: as well as GAOs 1974/1975 and 1978 reports. I'm not a professional auditor (if you are one please contact me), but common sense suggests that when irregularities are found the sample size . . These CDCs offer full-day care, part-day, and hourly care. 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. These could be better understood, or clarified, if we could obtain all audit reports from 1974 1986. We are a community that loves Silver, Period. Tiger Woods unleashes his lawyers on porn site after it Bannon is 'going to war' against Jared, 'crying Ivanka' and A whole hue world! Mnuchin said it was the first time Fort Knox opened its vaults to outsiders since a Congressional delegation and some journalists were let in to view the gold for the first time in 1974. For the first time photographing is being permitted inside the Depository.. Sevenreports are missing. I will, however, submit a couple of new FOIAs at the US government regarding gold audits. There was nothing left to do but submit a Freedom Of Information Act (FOIA) request. During this operations, the melt numbers and the number of bars in each melt are verified with an inventory listing, and one in fifty melts is randomly selected for weighing and test assay. Part One, We use cookies to enhance the user experience and to analyse traffic. The last trial was a "hybrid" SAG, with one cyclopac underflow feeding the . The gold is held as an asset at a value of $42.22 per ounce. Great! The vault can withstand guns, blowtorches, and other incendiary devices. You can change the usage of cookies in your browser. It lies 30 miles (48 km) southwest of Louisville and occupies an area of 172 square miles (445 square km). The last time Fort Knox was audited was in 1953, immediately after President Eisenhower was inaugurated. Jansen is a longtime gold insider and journalist reporting on, for example, the goings-on of the incipient Shanghai Gold Exchange (SGE). Government-owned Gold, or my office, and placed under official joint seals. Ron Paul (R-Texas) says his measure to audit the Federal Reserve, which passed the House last December, would force the first open audit of Ft. Knox in decades. 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. Scales at the Mint used to weigh the bars often didnt work properly. According to the reports available to us,in 1985 the committee had to conclude the gold at the FRBNY was never audited! 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.). . " He told an audience in Louisville, "I assume the gold is still there.". Liberty, Bush 3. for Dads, American Women's History Coins & 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. There can be no world reserve currency without appropriate gold reserves supporting it, providing essential confidence and credibility. The event, Sept. 23, 1974, is often inaccurately called the last audit of Fort Knox. As a newcomer to Fort Knox, you are a part of the Gold Standard team that is making the Army's vision a reality. What his dogged FOIA requests have failed to reveal, unfortunately, is anything that would put the questions about the Fort Knox gold to rest. Exhibit 7.3. Try Army A-Z. American $1 Coins, SHOP Fort Knox is supposedly filled with 400 oz. But by 1986, you had 97 percent was audited. Although this rumor or theory is simply that, the remarkably high security that guards the U.S. gold reserves has understandably drawn the curiosity of the investigative press. It's going on right now as I say these words. Alaska, USA . 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. Fort Knox Policies. : 201217896Z Why might the government entrust such inexperienced employees with this important task? 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. McConnell said he had never thought about visiting Fort Knox before, but jumped at the chance when Mnuchin offered to take him. No outside experts were allowed on the site for the audit, either, providing fodder for all kinds of conspiracy theorists. Sets, Commemorative 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. Learn how your comment data is processed. However, no outside experts were allowed in during the audit, and only about 5% of the gold was actually tested. Few people have ever entered the vault,and while147.3 million ounces of goldallegedly exists inside, the accuracy remains in doubt. Click on the links for more information:Buy for Vault Storage in Singapore 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. Lets recap what weve studied in the previous posts. While investigating facts about Fort Knox Federal Credit Union and Fort Knox Safes, I found out little known, but curios details like: The Federation of Quebec Maple Syrup Producers has a "Fort Knox" vault of Maple Syrup. Rep. Ron Paul (R-Texas) said he plans to introduce legislation next year to force an audit of U.S. holdings of gold. 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. ( 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. In addition to the gold bricks, Bevin said he got to hold a 1933 double eagle, a $20 gold coin that was never circulated. The Treasury document says it would cost about $15 million to conduct an audit. Currently the Office Inspector General of the Treasury is responsible for the audits of the gold reserves at the US Mint. The U.S. gold reserves at Fort Knox are broken into different numbered compartments within the gold vault. For instance, sample sizes used for assaying were conspicuously small. . RSS Feeds . US citizens were required to sell their gold bullion - bars and coins - back to the State. On this sheet 5 physical gold audit reports are listed, framed in red. 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. And the last time it was counted was actually in 1953." Treasury Secretary William E. Simon issued the invitation to Congressmen to inspect the gold at Fort Knox. 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 . Donate here, Idaho House Votes to Authorize State Gold & Silver Holdings, 34 Wyoming House Members Thumb Their Noses at Sound Money, Catch-22: Rate Hikes May Fuel Even MORE Inflationary Deficit Spending, Vermont Seeks to Become 44th State to Roll Back Sales Tax on Sound Money, Mississippi Legislature Votes Overwhelmingly to End Sales Taxes on Gold and Silver, VIDEO: President of Money Metals Exchange Joins Gold Standard Podcast to Discuss Sound Money Legislation, Iowa Seeks to End Capital Gains Taxes on Gold and Silver, Mississippi Bill Would End All Taxes on, Invest State Funds in, Gold & Silver, Kentucky Lawmakers Aim to End Sales Taxes on Sound Money, Missouri Senate Votes to End Income Taxes on Gold and Silver, Hold Monetary Metals in Reserve, Legislators Seek Repeal of Wisconsins Controversial Sales Tax on Gold and Silver. Answer (1 of 2): Internally, it is done annually. United States Mint All Rights Reserved. July 1986 12,477,777.638 [this number Icopied from the 1986 report]. Fort Knox: "Glad Gold Is Safe!". 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. Interactive map reveals when you may see SNOW. "good delivery" bricks of gold found gutted and filled with tungsten within the confines of LBMA approved vaults in Hong Kong. Audit report Fort Knox 1981. 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. 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? Fort Knox is also on the list of these 10 forbidden places that no one is ever allowed to visit. The opinions and forecasts herein are provided solely for informational purposes, and should not be used or construed as an offer, solicitation, or recommendation to buy or sell any product. 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.

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