when was the last time fort knox was audited when was the last time fort knox was audited

No outside experts were allowed on the site for the audit, either, providing fodder for all kinds of conspiracy theorists. Approximately half the U.S. Treasury's gold is located in the storage facility at Fort Knox The missing audit reports and assay reports feed into our skepticism. Submitted to: . It's going on right now as I say these words. Phone: +65 6284 4653, Chinas Secret Gold Supplier Is Singapore, Audits Of US Monetary Gold Severely Lack Credibility. Then, the official response from the offline department to my request I received on May 13 as a PDF attachment (click here to view) oddly enough itsdated March 25, 2015 but not sent to me at thetime. The answer is, he cant. His advice to me was to try at the General Accounting Office (GAO) and National Archives for more reports. In an interview, McConnell said he could not say much about the visit for security reasons. No irregularities were found. 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. 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). And there is more, a lot more. Government-owned Gold" for the years 1975, 1976, 1978, 1979, and 1981-1984. Fort Knox is also on the list of these 10 forbidden places that no one is ever allowed to visit. Fort Knox history. "good delivery" gold bars. *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. 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. His visit was the one and only time a gold vault was opened for inspection for anyone other than authorized personnel. Since 1993, when we assumed responsibility for the audit, my office has continued to directly observe the inventory and test the gold. 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 Interactive map reveals when you may see SNOW. & Facilities, Shop All They could only find 2 reports I didnt posses previously, of the audits conducted in 1985 and 1986. Ron Paul worries Fort Knox gold is gone. Given all the protection, it seems obvious that billions of dollars worth of gold (or something) indeed resides at Fort Knox. But Bevin, speaking on WHAS radio, divulged a few more details. Save my name, email, and website in this browser for the next time I comment. Donald Trump Doesn't Think So. Coin Between 1933 and 1937, this increased . 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). Although the quality of the gold in the custody of the Federal Reserve Bank of New York cannot be readily assayed,. 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. Furthermore, these audits found no exceptions of any consequence. Paul, a longtime critic of the Federal Reserve and U.S. monetary policy, said he believes it's "a possibility" that there might not actually be any gold in the vaults of Fort Knox or the New York Federal Reserve bank. Welcome to the Coronation! There was nothing left to do but submit a Freedom Of Information Act (FOIA) request. 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. I'm a vet, and here are five dog breeds most prone to cancer - including Golden Retrievers and Rottweilers. 'So many dead. Next, we can see Thorsons list he presented of physical gold audit reports of the continuingaudit program from 1974 to 1986. By using our website, you accept that cookies are used. U.S. Treasury Secretary Steven Mnuchin initiated the visit, along with U.S. Rep. Brett Guthrie and Gov. When will the Beast from the East be at YOUR door? 15919 Avenida Venusto, Apt. The Treasury document says it would cost about $15 million to conduct an audit. US Mint Releases New Fort Knox Audit Documentation. 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. 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. I did read one time that the queen of England a. Connecting thereto, from Thorsons opening statement: My office began conducting annual audits of the gold reserves in Fiscal Year 1993. Kooss analysis of the procedures used found its rigor wanting in several key areas. Official Joint Seal inspection records from Fort Knox, June 1998 (courtesy of Koos Jansen through Freedom of Information Act). We are a community that loves Silver, Period. 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. Are you already an expert in everything America? Jansen is a longtime gold insider and journalist reporting on, for example, the goings-on of the incipient Shanghai Gold Exchange (SGE). there has not been anyone allowed access to confirm the gold amounts that are supposedly stored at the Fort. 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). Tuesday March 22, 2016 13:20. Two tetrahedron-shaped chips were removed form the top and bottom of each bar assayed. eonon change home screen. for Dads, American Women's History Coins & Why havent we ever seen any assays of coin bars? Of course,strange things have been stored in the vault, like morphine and opiumduring the early '90s. ', 'I assume the gold is still there,' he said. . I decided to send an email to the FOIA online Help Desk to ask what happened to my request. The usage of cookies and the collection of customer information by BullionStar is guided by our. and until 2010, every member of . We asked the experts - and their answers will terrify you Public Service Announcement, do NOT watch these ads! The reports were not present at the National Archives, the OIG or at the Treasury Department. In short, the US National Archives could not extradite the 7 audit reports I requested. 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. 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. 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. One of last year's uproars was the decision by US officials to carry out an audit of these gold vaults. The auditors were bored and decided to re-audit 1,700 tonnes. Official joint seal number 932 put in place on September 2, 1982, under the continuing audits of U.S.-owned goldstored at the Mint. 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. The process would take about 30 minutes to verify the gold content of each bar, or 350,000 man hours; to do that . More false statements by the auditor have appeared, further eroding its credibility. Currently the Office Inspector General of the Treasury is responsible for the audits of the gold reserves at the US Mint. McConnell was part of a delegation of Kentucky politicians allowed inside the United States Bullion Depository at Fort Knox for the first time since 1974. His analysis has helped fill in the gaps about how much gold is passing into China each year, which is treated tantamount to a state secret by the Peoples Republic. No outside experts were allowed on the site for the audit, either, providing fodder for all kinds of conspiracy theorists. Also, the assay test results from last year's gold audits at Fort Knox and West Point were In addition, the committee will include technicians from the Bureau of the Mint who are trained in assaying and weighing gold bullion. 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. The depository holds more than 147 million ounces of gold, which puts its market value at more than $186 billion. Find out what Uber drivers really think of you! The Fort Knox facility was opened within the year, and took its first shipment of gold in 1937. The controversial 'trauma expert' interviewing Prince Harry: Gabor Mat was warned by the Canadian A big Beckham birthday! He ought to have known precisely how many pages were needed and presumably where to find them. Next was the GAO; unfortunately they couldnt deliver anything I was looking for. In total there should be 13 reports (1974 1986), 2 already were in my possession (1974 and 1977). Facilities, Production 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. The Gold-Backed-Oil-Yuan Futures Contract Myth, Estimated Chinese Gold Reserves Surpass 20,000t. However, in some instances, the rationale for moving gold from one compartment to another proved elusive. To access the gold vault at Fort Knox, you'd need to make your way through a network of security measures. U.S. Army Cadet Command Headquarters is located inside the Fort Knox installation which is located roughly 35 miles south of Louisville, Kentucky. Fort Knox is used to store a large portion of United States official gold reserves and occasionally other precious . How can the IG be positive if he did not have access to the most basic documentation? 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. Not that it would be easy to even make it this far, but the door to the vault is made of steel and . I left school at 16 with six GCSEs - and became a self-made millionaire. 12/ As of September 30, 1984, 99.9 percent of the gold stored at the United States Denver Mint had been audited under the initial continuing audit program. 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. Did audit reveal missing gold . 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. Text Alerts, Contact Exhibit 2. A Fort Knox physical gold audit in 1953 was anything but full, neither was the famous audit in 1974. However, no outside experts were allowed in during the audit, and only about 5% of the gold was actually tested. Theoretically, if the seal hasnt been tampered with, this is as good as verifying the metals themselves. The assayer is unknown and there was no assay report included in the audit report. By the end of 1982 the continuing audits committee, which consisted of BGFO and US Mint staff, was reorganized under the Department of the Treasury, Office of the Inspector General. Thats everything we have, or are aware of. 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.). 4,243 bars were relocated from vault Jcompartment 19, to vault J compartment 2, at the Denver depository. Official records claimed 20,000 tons in the 1950s. Jun 5th, 2022 . More anomalies with regard to the audits of the US official gold reserves will be discussed in forthcoming posts. The Eisenhower Administration Conducted The Last Audit Of Fort Knox. All the golden coins that were handed in supposedly accumulated to the greatest gold pile on earth. Join FORT KNOX code Axykp! The target this time is the United States Treasury Assay Office in New York . Then, something very strange happened in 1983. The gold vault at Fort Knox is "encased in 16,000 cubic feet of granite and 4,200 cubic yards of cement." 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 . 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. (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 . Kids, Gifts for This would last until 2010 when the Armor School was relocated to Fort Benning, Georgia. The vaults were last opened to the public in the 1970s, and the last treasury secretary visit was in 1948. 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. For the first time photographing is being permitted inside the Depository.. Whos Supplying? In 1953, the US Treasury Department audited Fort Knox, but only around5% of the goldunderwent testingfor purity. random nose bleed covid. Between July 1983 and July 1985 the gold was audited in accordance with the plan approved by the Treasurer, as follows. According to some sources, this is where most of the other Treasury's gold is located. 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. Questions: Great! And the vault has also been a setting place for several movies, the most famous being the 1964 James Bond film, Goldfinger when the titular character foiled a plot to contaminate thebullion. 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. 45 New Bridge Road, Singapore 059398 Singapore The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Fort Knox claims billions of dollars worth of gold are stored away in its secret vault. On the way to the vault, a literal mine field and an electric fence protectthe gold. Fort . It was nothing more than a peek-a-boo glance at the gold in fine Hollywood style. 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. 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! In another dubious mix-up, a number of measurements were faulty because the auditors misread where the decimal point was on the scale. The last time Fort Knox was audited was in 1953, immediately after President Eisenhower was inaugurated. As will conclusions and speculation. There can be no world reserve currency without appropriate gold reserves supporting it, providing essential confidence and credibility. 1495,not enacted) in 2011 the Inspector General (IG) of the Treasury presented a case all is fine, but all is not fine. However, there has been considerable doubt over the years as to whether the depository actually held any gold. Talkers Medals, Military This is what it said: This is in response to your March 2, 2015 Freedom of Information Act (FOIA) request for records in the custody of the National Archives and Records Administration (NARA). 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. Though the media and members of government were allowed access in 1974 to take pictures, the last actual audit of Fort Knox occurred in 1953 immediately after President Dwight Eisenhower's inauguration. PBOC Gold Purchases: Separating Facts from Speculation. While primarily known as a vault for gold, the depository also held the Declaration of Independence and the U.S. Constitution during World War II. Buffalo Coins, American Eagle Click on the links for more information:Buy for Vault Storage in Singapore The novel begins: 7:20 am, September 11, 2015. Because this is the department currently responsible for the audits I was surprised my request to obtain all audit reports wasnt honored. . 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). . President Reagan last spring demanding that this be looked into immediately. Fort Knox, major U.S. military reservation in Meade, Hardin, and Bullitt counties, northern Kentucky, U.S. The New Year kicked off . On top of this, a decades worth (1993-2003) of Joint Seal inspections from the Denver and West Point depositories are not accounted for. On September 24, 1974, a special settlement (audit) is scheduled to begin and at its conclusion a report on the audit will be issued. 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. Coins, Tours & The Fort Knox facilitys reputation is thanks to its world-renowned system of security measures, from countless cameras to U.S. Mint Police guards, military helicopters, land mines, fences of barbed and electric wire, and a virtually impregnable vault door. . It saves time and labor costs. Determined to uncover more about the bullion stockpile, BullionStars Koos Jansen submitted a number of Freedom of Information Act (FOIA) requests to the U.S. Mint. These CDCs offer full-day care, part-day, and hourly care. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. By Everett Millman Gainesville Coins . The last time anyone had access to inspect the deposits was on September 23, 1974. . Thats 6 down, 7 more to go. According to official statistics, the United States holds far and away the largest gold reserves of any sovereign nation or supranational institution. 312 tonnes of the total is 4 %. I will, however, submit a couple of new FOIAs at the US government regarding gold audits. 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. 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. Did The Dutch Central Bank Lie About Its Gold Bar List? As weve seen thus far there are many problems with the official story everything is fine, all the US official gold reserves all audited. The last Congressional visit prior to this occurredin 1974. The assayer is unknown and there was no assay report included in the audit report. 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. I have copied as much quotes in this post as I can to minimize the possibility of an erroneous interpretation of the official text in the audit reports. 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. In June 1975, the Treasury Secretary authorized and directed a continuing audit of U.S. Currency, Shop All RSS Feeds . In a series of posts well continue to examine all there is to find regarding the audits of US official gold reserves. Coincidentally almost all the gold assayed by the OIG from 2004 2008 was 9999 fine. Us, ALL 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. After 20 years of Democratic presidents, the American public wanted to be sure that the gold confiscated from them was still there. This suggests the gold at the FRBNY was stored so it could be easily transportedin and out of the vaults, possibly through a corridor to the adjacent private vault at 1 Chase Manhattan Plaza read this post by BullionStar gold researcher Ronan Manly for more information on the construction of the FRBNY vault and the connection to the vault across the street that was owned by JP Morgan, but recently bought by Fosun (October 2013), a Chinese investment conglomerate. The audit announced, however, would include just 20% of the gold. In 1983 the OIG found out something was amiss with the audits performed 1974 1982. The audits were conducted in accordance with the revised audit guidelines that required a statistical sample of gold melts within randomly selected compartments at the facilities. 'The gold is safe.'. The last time that Congress audited it was 2019. I personally believe that rumor and the bulk of it has been sold off to the rich elites. Telephone: (502) 624-2386. But theories exist regarding other possiblecontents of the vault -like the body of Jimmy Hoffa. Same story at the US Mint and US National Archives. We will discuss the remaining 4 audit reports at once, as they are very similar. The only audit that has ever been done of the gold inside Ft Knox was done days after Dwight Eisenhower became President in January of 1953. Fort Knox facts. It basically coveredby 1986, 97 percent of the Government-owned gold held by the Mint had been audited and placed under joint seal. 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. (in millions of ounces), SIGN UP FOR EMAIL UPDATES AND TEXT MESSAGE ALERTS ABOUT PRODUCTS. *Its likely 97 % of the audited gold by the continuing audits committee has not been assayed by an independent assayer. Liberty, Bush Part One, We use cookies to enhance the user experience and to analyse traffic. 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. United States Mint All Rights Reserved. The audit will be performed by a committee of auditors from the U.S. General Accounting Office (GAO) and the Department of the Treasury. Then, from 2005 to 2008 the assay tests were conducted by White Sands Missile Range, which is a subsidiary of the US army. In October 1984, 4,136,046.924 fine troy ounces of gold were reaudited at the United States Mint, Denver. In 1936, Fort Knox military base was chosen as the site to build a bullion depository to store this gold. 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. An excuse was needed to break the seals. These could be better understood, or clarified, if we could obtain all audit reports from 1974 1986. Shipping within New Zealand. Republican frontrunner Donald Trump hinted at the idea that there just might be no gold in the U.S.