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. Gold verification at Fort Knox March 1998, page 1. The door weighs 22 tons and is 21 inches thick, and the roof is bomb proof. I personally believe that rumor and the bulk of it has been sold off to the rich elites. 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? Written by Jan Nieuwenhuijs, originally published at Voima Gold Insight. 147.4 million fine troy ounces, valued at $6.2 billion, is stored in 13 vault compartments at Fort Knox Bullion Depository. One particular compartment with 19,800 gold bars was recorded as being moved in the 1996 audit, yet was checked again in 1998 (with the same 19,800 gold bars) with no reference to the fact that this is almost certainly the same sample of gold inspected two years prior. The other two-thirds, however, have not been inventoriedthat is according to my understandingor assayed since somewhere between 1975 and 1986. Experts weigh in as tremors hit Wales, Cornwall and the Are YOU eating the right colours? Join FORT KNOX code Axykp! President Reagan last spring demanding that this be looked into immediately. Page Last Modified: 8/26/19, 2:56 PM Fort Knox, KY. Our Nation's Gold Standard Army Home. The gold is held as an asset at a value of $42.22 per ounce. However, no outside experts were allowed in during the audit, and only about 5% of the gold was actually tested. On top of this, a decades worth (1993-2003) of Joint Seal inspections from the Denver and West Point depositories are not accounted for. In the meantime I will fire several new FOIAs at the Office of the Inspector General and others. But theories exist regarding other possiblecontents of the vault -like the body of Jimmy Hoffa. 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. 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! In August 2017, US Treasury Secretary Steve Mnuchinvisited the gold vault at Fort Knox and, along with a few other politicians, surveyed the site. However, in some instances, the rationale for moving gold from one compartment to another proved elusive. Fort . The BGFO and Mint staff was replaced by the OIG and the revised audit procedures were invented as a reason to open several compartments. As a freebie trip for 4 select political insiders, last Monday's trip to Fort Knox was undoubtedly a memorable one . Then, something very strange happened in 1983. It saves time and labor costs. 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. When will the Beast from the East be at YOUR door? Over 640,000,000 ounces of real money sat behind those massive locked doors. The gold at Fort Knox is stored in one of the most secure facilities in the world. Scales at the Mint used to weigh the bars often didnt work properly. "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. 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. Your browser is out of date. From 1993 to 2008 the remaining 3 % of the gold reserves stored at the US Mint hasbeen audited I assume. I shall rest here. Bureau of Government Financial Operations [BGFO]. 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. 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. 'The gold is safe.'. These could be better understood, or clarified, if we could obtain all audit reports from 1974 1986. His visit was the one and only time a gold vault was opened for inspection for anyone other than authorized personnel. 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. According to official statistics, the United States holds far and away the largest gold reserves of any sovereign nation or supranational institution. I can say that without any hesitation, because I have observed the gold and the security of the gold reserves myself. Shortly after I got an email that statedmy request had been received and was being processed. Compartments audited at Mint institutions and depositories are kept under official joint seal by representatives of the audit committee. The New Year kicked off . As a newcomer to Fort Knox, you are a part of the Gold Standard team that is making the Army's vision a reality. The First Critical Observations. We asked the experts - and their answers will terrify you Public Service Announcement, do NOT watch these ads! In 1974, after the US closed the gold window, congressional support grew for inquiring into the US gold stock. In an audit conducted at Fort Knox in 1953, 88 ingots were counted for verification. Engraved Prints, Shop All Gift Answer (1 of 2): Who knows but it is rumored that the majority of the gold in Fort Knox no longer exists! Same story at the US Mint and US National Archives. Official joint seal number 932 put in place on September 2, 1982, under the continuing audits of U.S.-owned goldstored at the Mint. 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). However, if that intruder had turned to the west he would have . Phone: +65 6284 4653, Chinas Secret Gold Supplier Is Singapore, Audits Of US Monetary Gold Severely Lack Credibility. " He told an audience in Louisville, "I assume the gold is 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. 312 tonnes of the total is 4 %. 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. previous, back to If we carefully read the scarce audit reports available to us, wenotice the audit procedures were revised in 1983. 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. Kooss analysis of the procedures used found its rigor wanting in several key areas. In a series of posts well continue to examine all there is to find regarding the audits of US official gold reserves. *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. . 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. In my previous post, from March 2018, on the audits of US official gold reserves, I have exposed that during the audit procedures of the US official gold reserves from 1974 through 2008, repeatedly audit staff deviated from the auditing . We will discuss the remaining 4 audit reports at once, as they are very similar. Why havent we ever seen any assays of coin bars? For instance, sample sizes used for assaying were conspicuously small. di And being surrounded by more than $186 billion worth of gold was no sweat for one of the country's most powerful politicians. Representative Alex Mooney (R . In short, the US National Archives could not extradite the 7 audit reports I requested. Fort Knox is used to store a large portion of United States official gold reserves and occasionally other precious . When thinking about these re-audits, threescenarios pop to mind: Why else wouldso much gold have been re-audited? Republican frontrunner Donald Trump hinted at the idea that there just might be no gold in the U.S. 15919 Avenida Venusto, Apt. 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. United States Mint All Rights Reserved. The Counsel to the Inspector General Department of the Treasury told me his department only had 4 of the 13 reports I was looking for. The compartments at the Mint were placed under official joint seal, whereas the FRBNY compartments were never placed under official joint seal (as we can read on page 11 of the 1980 audit report). It seems these 6 reports (5 documents) are the only ones currently in existence and the remaining 7 have mysteriously disappeared. 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. 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). 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. previous, Kids Select stock location for your desired country in the dropdown to view our inventory available in that country. 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 the bullion, 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. 3. At the congressional hearing of the Gold Transparency Act (H.R. That shipment required a convoy of 33 15-ton trailers to move the gold. 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. 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. Treasury Secretary William E. Simon issued the invitation to Congressmen to inspect the gold at Fort Knox. US Mint Releases New Fort Knox Audit Documentation. Answer (1 of 2): Internally, it is done annually. Monetary Gold Stock of the United States All the golden coins that were handed in supposedly accumulated to the greatest gold pile on earth. Its glittering gold . When the mint finally produced the audit documentation, Jansen received 134 lightly redacted pages (rather than the estimated total of 1,200 pages). Buy, ship and store bullion with BullionStar in/from different countries. 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?' The U.S. gold reserves at Fort Knox are broken into different numbered compartments within the gold vault. A barrel is worth about $1,200 or $2.88 per pound which is 10-18 times the value of U.S. crude oil. ', 'I assume the gold is still there,' he said. After the Congressional inspection, the Bullion Depository will once again be closed to visitors. 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. This post is a sequel to A First Glance At US Official Gold Reserves Audits and Second Thoughts On US Official Gold Reserves Audits. Moreover, it showed a number of (at best) inconsistencies in how the mint conducts its bullion inspection for auditing purposes. 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. Although the quality of the gold in the custody of the Federal Reserve Bank of New York cannot be readily assayed,. 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. A second storage facility was built at the same time: . fort knox crisis phone numbers. Fort Knox: "Glad Gold Is Safe!". A congressional delegation and some journalists got a look at the gold in 1974. One wonders: was this a simple oversight or some kind of conscious obfuscation effort? This fits right into how the US government imposes audits on their official gold reserves; the audits are performed by the US government itself. . *In 1974 the New York assay office tested 95 bars. ', 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, 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. 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.
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