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. Circulating On February 25, 2015, I submitted a FOIA request in orderto obtain the audit reports drafted by the Continuing Audits Of U.S.-Owned Goldcommittee in 1975, 1976, 1978, 1979, 1982, 1983 and 1984. Government-owned Gold, or my office, and placed under official joint seals. previous, back to 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. 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?' United States Mint All Rights Reserved. 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. On this sheet 5 physical gold audit reports are listed, framed in red. Fort Knox: "Glad Gold Is Safe!". The gold vault at Fort Knox is "encased in 16,000 cubic feet of granite and 4,200 cubic yards of cement." for Dads, American Women's History Coins & Learn how your comment data is processed. Facilities, Production For your information, we contacted a librarian at the Treasury Department who informed us that reports from Committee for Continuing Audit of the U.S. It saves time and labor costs. The comments below have not been moderated. Coins, American On September 24, 1974, a special settlement (audit) is scheduled to begin and at its conclusion a report on the audit will be issued. 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. Kinross - Fort Knox Mine April 22nd, 2021 Signature of Lead Auditor Page 2 of 47 . Jansen found instances in which the Treasurys auditors failed to follow the governments own procedures for the auditing process. Site, Coin No photographs were allowed, of course. Click on the links for more information:Buy for Vault Storage in Singapore Between July 1983 and July 1985 the gold was audited in accordance with the plan approved by the Treasurer, as follows. "good delivery" bricks of gold found gutted and filled with tungsten within the confines of LBMA approved vaults in Hong Kong. The auditors were bored and decided to re-audit 1,700 tonnes. Fort Knox Operation . Fort Knox Gold: Once upon a time, the Fort Knox Bullion Depository was a vast storehouse for American gold. In 2008, presidential candidate Ron Paul unsuccessfully called for an audit of the US Federal Reserve and Fort Knox,but his skepticism echoed that of other conspiracy theorists. After the Congressional inspection, the Bullion Depository will once again be closed to visitors. (in millions of ounces), SIGN UP FOR EMAIL UPDATES AND TEXT MESSAGE ALERTS ABOUT PRODUCTS. The BGFO and Mint staff was replaced by the OIG and the revised audit procedures were invented as a reason to open several compartments. 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. and until 2010, every member of . Try Army A-Z . COIN & MEDAL PROGRAMS, History of U.S. In addition, the committee will include technicians from the Bureau of the Mint who are trained in assaying and weighing gold bullion. 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. This document also contains a summary of the 1980 audit which, by the way, isnt less detailed than the full 1981 report. Secretary Mnuchin's statements were not helpful. 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. That shipment required a convoy of 33 15-ton trailers to move the gold. The Eisenhower Administration Conducted The Last Audit Of Fort Knox. Tiger Woods unleashes his lawyers on porn site after it Bannon is 'going to war' against Jared, 'crying Ivanka' and A whole hue world! However, we were unable to locate records responsive to reports similarly titled or closely related to the subject annual gold audit 1975-1984. Need Help? 26 Feb 2017 13:18. In performing the audit, the gold bars are physically moved from one vault compartment to another. Fort Knox gold subject of hearing. "We have approximately $200 billion of gold at Fort Knox," said Mnuchin. All the benefits of simply switching from white to brown - AND how purple, Will El Salvador's new mega-prison turn into a bloodbath? 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. Of course,strange things have been stored in the vault, like morphine and opiumduring the early '90s. 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. These CDCs offer full-day care, part-day, and hourly care. Senator from Kentucky, where Fort Knox is located. 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). Moreover, it showed a number of (at best) inconsistencies in how the mint conducts its bullion inspection for auditing purposes. "Dear US Mint, We Gave You The FOIA Funds, Now Give Us The Fort Knox Audit Documents!", November 2016 "US Mint Releases New Fort Knox "Audit Documentation". RSS Feeds . Weve focused on the first audits of the gold stored by the US Mint. Here is a rundown of some of Kooss key findings. . In 1974, after the US closed the gold window, congressional support grew for inquiring into the US gold stock. Ron Paul worries Fort Knox gold is gone. Military/Civilian clock Examples of Civilian/Military time conversion. It was obvious that some of the records were missing (or not provided). More false statements by the auditor have appeared, further eroding its credibility. We are a community that loves Silver, Period. 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. Government-owned Gold" for the years 1975, 1976, 1978, 1979, and 1981-1984. Let me show you an example of Fort Knox. Why havent we ever seen any assays of coin bars? While the gold at Fort Knox was partially audited in the past, the gold at the Federal Reserve Bank of New York was never looked at. To date,only one US president has been inside the vault - Franklin Delano Roosevelt, who served as president when the US Bullion Depositorywithin Fort Knoxwas established. With regardto my quest for all reports, lets have a look what US government departments could not deliver whatI was looking for: First was the Counsel to the Inspector General Department of the Treasury. Fort Knox is also on the list of these 10 forbidden places that no one is ever allowed to visit. 4. The last time any gold was removed from deep storage at Fort Knox came in 1971, when $500 million worth of gold was delivered to the New York Assay Office. For the other years we dont know whatoffice performed the checks. The last full audit was done in 1953 . Shipping within New Zealand. The official story from OIG is that 100 % of the gold stored at Fort Knox was audited in between 1974 and 1986, . Secretary of the Treasury Steven Mnuchin visited Fort Knox on August 21. Fort Knox is in Romeo (R) time. Gold verification at Fort Knox March 1998, page 3. 147.3 million ounces of gold is stored at Fort Knox. 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! After some correspondence back and forth I finally got an email saying my FOIA was exported out of FOIAonline because myrequest was for access to historical records. So, what's really inside Fort Knox? 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. Domestic and International Shipping from Singapore Part of the Daily Mail, The Mail on Sunday & Metro Media Group. The OIG audited 3 % from 1993 2008. 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. 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. I also want to assure you that the physical security over the gold reserves is absolute. (Back to top) CIVILIAN TIME MILITARY TIME CIVILIAN TIME MILITARY TIME 12:01 AM 0001 5:00 PM 1700 (Seventeen hundred) 5:00 AM 0500 10:00 PM 2200 10:00 AM 1000 (Ten hundred) 11:30 PM 2330 12:00 PM (Noon) 1200 12:00 AM . *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. Miles Franklin sponsored this article by Gary Christenson.The opinions are his, and they are not investment advice. Pursuant to that order, the Committee for Continuing Audit of the U.S. The controversial 'trauma expert' interviewing Prince Harry: Gabor Mat was warned by the Canadian A big Beckham birthday! 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. Schultz from the New York Fed was part of the continuing audits committee and therefor the FRBNY was supposed to be audited. Welcome to the Coronation! It was established in 1918 as Camp Knox (named for Major General Henry Knox, first U.S. secretary of war), and it became a permanent military post in 1932. For the first time photographing is being permitted inside the Depository.. From the 1985 report: 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. Next, we can see Thorsons list he presented of physical gold audit reports of the continuingaudit program from 1974 to 1986. 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! Exhibit 7.3. And the last time it was counted was actually in 1953." walked past guards armed with submachine guns and through a 3-foot thick steel door into the . US Mint Releases New Fort Knox Audit Documentation. The annual audits by the committee ended in 1986 after 97 per cent of the Government owned gold held by the Mint had been audited and placed under official joint seal. Compartments audited at Mint institutions and depositories are kept under official joint seal by representatives of the audit committee. One of the most sensitive secrets protected by the Washington establishment is the massive cache of gold reserves held at the federal depository in Fort Knox, Kentucky. Bevin, who said he collected coins as a child, compared it to 'seeing a leprechaun on a unicorn. Several more examples of these blurry situations are shown in the released documents. Phone: +65 6284 4653, Chinas Secret Gold Supplier Is Singapore, Audits Of US Monetary Gold Severely Lack Credibility. 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. Small quantities of gold are removed to test the purity during regularly scheduled audits. The reports I did find, and are now publicly available, are: Coincidentally, or not, these reports are exactly the same ones as listed by Thorson at the congressional hearing in 2011 (exhibit 1, framed in red). Meanwhile I was fortunate to find the 1981 audit report at the website The Golden Sextant fromReg Howe. July 1986 12,477,777.638 [this number Icopied from the 1986 report]. *Its likely 97 % of the audited gold by the continuing audits committee has not been assayed by an independent assayer. 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 Thats everything we have, or are aware of. By using our website, you accept that cookies are used. Metal Coins, back to This is basically an affirmation that the bullion was up to snuff at the last audit, and has been sealed since. For the sake of simplicity, lets say I have both audit reports, 1980 and 1981. *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. Contact Us. The first screen shots below are from a gold verification at Fort Knox in March 1998. An excuse was needed to break the seals. And being surrounded by more than $186 billion worth of gold was no sweat for one of the country's most powerful politicians. We will discuss the remaining 4 audit reports at once, as they are very similar. Jansen is a longtime gold insider and journalist reporting on, for example, the goings-on of the incipient Shanghai Gold Exchange (SGE). I shall rest here. Thats 6 down, 7 more to go. Rep. Ron Paul (R-Texas) said he plans to introduce legislation next year to force an audit of U.S. holdings of gold. Coincidentally almost all the gold assayed by the OIG from 2004 2008 was 9999 fine. After writing it Ive been trying to collect all audit reports dating from1974 1986. As a result, the gold at the Bank [FRBNY] is considered unaudited. 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. Currency, Shop All Despite the fact that a 1953 Fort Knox audit found that 1977% of bullion tested was out of , in 2, we went to 1998% verified ingots. PBOC Gold Purchases: Separating Facts from Speculation. " He told an audience in Louisville, "I assume the gold is still there.". 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. Why might the government entrust such inexperienced employees with this important task? The Armored Force School and the Armored Force Replacement Center began operations at Fort Knox in October 1940. There has not been any movement of inventoried gold since that time. The assayer is unknown and there was no assay report included in the audit report. Sevenreports are missing. And there is more, a lot more. From the 1985 report: In fiscal year 1985 audits of Government-owned gold were conducted at the United States Mint in Denver and the United States Bullion Depository in Fort Knox, Kentucky. During fiscal year 1986, gold was audited at the West Point Bullion Depository, and the San Francisco Old Mint under the initial continuing audit program. Fort Knox is a U.S. army base in Kentucky, best known for the United States Bullion Depository which holds a large part of the U.S. government's reserves of gold. The inspection by Members of Congress on September 23, 1974, of U.S. gold stocks stored at the Fort Knox (Ky.) Bullion Depository marks a unique departure from the long standing and rigidly enforced policy of absolutely no visitors, Mrs. Mary Brooks, Director of the Mint, announced today. Exhibit 2. A Fort Knox physical gold audit in 1953 was anything but full, neither was the famous audit in 1974. ', 'All I will say is that it is freakishly well secured,' he said. 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. 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. Answer (1 of 2): Who knows but it is rumored that the majority of the gold in Fort Knox no longer exists! . Try Army A-Z. Experts weigh in as tremors hit Wales, Cornwall and the Are YOU eating the right colours? random nose bleed covid. . 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). More anomalies with regard to the audits of the US official gold reserves will be discussed in forthcoming posts. From the 1985 report: In fiscal year 1985 audits of Government-owned gold were conducted at the United States Mint in Denver and the United States Bullion Depository in Fort Knox, Kentucky. 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. No outside experts were allowed on the site for the audit, either, providing fodder for all kinds of conspiracy theorists. It lies 30 miles (48 km) southwest of Louisville and occupies an area of 172 square miles (445 square km). 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). In 1983 the OIG found out something was amiss with the audits performed 1974 1982. My FOIA request had disappeared, or did it? 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. For instance, sample sizes used for assaying were conspicuously small. As a freebie trip for 4 select political insiders, last Monday's trip to Fort Knox was undoubtedly a memorable one . Fort Knox claims billions of dollars worth of gold are stored away in its secret vault. Exhibit 7.2. . Because this is the department currently responsible for the audits I was surprised my request to obtain all audit reports wasnt honored. Bear in mind that another FOIA request for internal email correspondence relating to the initial inquiries revealed that the official who provided this exaggerated estimate of how difficult the task of producing the documents would be was an auditor himself and among the authors of the documents that Jansen sought in the first place! Are you already an expert in everything America? "The last time anybody went in to see the gold, other than the Fort Knox people, was in 1974 when there was a congressional visit. 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. ALL COIN PROGRAMS, National Purple Heart Hall of 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. 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. He said this, but there is no proof. His advice to me was to try at the General Accounting Office (GAO) and National Archives for more reports. In addition to the gold bricks, Bevin said he got to hold a 1933 double eagle, a $20 gold coin that was never circulated. Great! Talkers Medals, Military 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. 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. Reversal of this policy on a one time only basis came as a result of a series of peculiar events that resulted in a congressional demand for an audit of the bullion depository, and a first-hand viewing of the gold deposited there. in 2004 the assayer was Ledoux & Company, a private contractor (read their homepage). Honor, Rolls, Written by Jan Nieuwenhuijs, originally published at Voima Gold Insight. In short, the US National Archives could not extradite the 7 audit reports I requested. Fort Knox is supposedly filled with 400 oz. Gold verification at Fort Knox March 1998, page 1. 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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