It seems these 6 reports (5 documents) are the only ones currently in existence and the remaining 7 have mysteriously disappeared. In June 1975, the Treasury Secretary authorized and directed a continuing audit of U.S. . Military/Civilian clock Examples of Civilian/Military time conversion. As a result, the gold at the Bank [FRBNY] is considered unaudited. "good delivery" bricks of gold found gutted and filled with tungsten within the confines of LBMA approved vaults in Hong Kong. 1495,not enacted) in 2011 the Inspector General (IG) of the Treasury presented a case all is fine, but all is not fine. www.smartaccess.us . Learn how your comment data is processed. Answer (1 of 2): Who knows but it is rumored that the majority of the gold in Fort Knox no longer exists! The official story from OIG is that 100 % of the gold stored at Fort Knox was audited in between 1974 and 1986, . 'The gold is safe.'. 147.4 million fine troy ounces, valued at $6.2 billion, is stored in 13 vault compartments at Fort Knox Bullion Depository. The reports were not present at the National Archives, the OIG or at the Treasury Department. HOME; EVENTS; ABOUT; CONTACT; FOR ADULTS; FOR KIDS; accident on 9w marlboro, ny today Then, something very strange happened in 1983. Representative Alex Mooney (R . . 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. : 201217896Z President Reagan last spring demanding that this be looked into immediately. 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 last trial was a "hybrid" SAG, with one cyclopac underflow feeding the . Fort Knox: "Glad Gold Is Safe!". Even then only 5% of the examined bullion was weighed and assayed to determine its purity. 3. The coin bars topic, which ties together with the existence of the US official gold, deserves a thorough study to be expanded upon in a separate post. Bags, & Boxes, Code I can say that without any hesitation, because I have observed the gold and the security of the gold reserves myself. As a freebie trip for 4 select political insiders, last Monday's trip to Fort Knox was undoubtedly a memorable one . Bevin, who said he collected coins as a child, compared it to 'seeing a leprechaun on a unicorn. Donald Trump Doesn't Think So. 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. When the mint finally produced the audit documentation, Jansen received 134 lightly redacted pages (rather than the estimated total of 1,200 pages). And the last time it was counted was actually in 1953." 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. 15919 Avenida Venusto, Apt. Your request was received in this office on March 3, 2015 and assigned FOIA case number RD 45578. Fort Knox Internal Review and Audit Compliance. 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. 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). PBOC Gold Purchases: Separating Facts from Speculation. 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). It lies 30 miles (48 km) southwest of Louisville and occupies an area of 172 square miles (445 square km). By gathering information from audit reports from 1974 1986 (the ones I could get my hands on) and statements made at the congressional hearing in 2011 well analyze our way through this. 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. China Gold Import Jan-Sep 797t. Answer (1 of 2): Internally, it is done annually. Currency, Shop All document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Currently the Office Inspector General of the Treasury is responsible for the audits of the gold reserves at the US Mint. 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. The 1974/1975 and 1978 reports refer to the audits conducted in 1974 and 1977. The process would take about 30 minutes to verify the gold content of each bar, or 350,000 man hours; to do that . The One "Audit" Of 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. 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. walked past guards armed with submachine guns and through a 3-foot thick steel door into the . I will, however, submit a couple of new FOIAs at the US government regarding gold audits. Fort Knox is also on the list of these 10 forbidden places that no one is ever allowed to visit. Fort Knox gold subject of hearing. Alaska, USA . 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. Two months later I still got no response. A Fort Knox physical gold audit in 1953 was anything but full, neither was the famous audit in 1974. GAO stands for General Accounting Office, OIG stands for Office of Inspector General. However, in some instances, the rationale for moving gold from one compartment to another proved elusive. According to the excel sheet the US Mint stores 312 tonnes in 9999 fine gold, spread over 3 depositories; Fort Knox 15 tonnes, Denver 100 tonnes, West Point 197 tonnes. 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. Instead, I was advised to contact the Treasury. As the last days tick away, let's take a moment to recap the top 12 stories at Fort Knox that shaped our 2021. 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. 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. 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. At this stage I havent been able to get my hands on any assay report from 1974 1986. Try Army A-Z . Experts weigh in as tremors hit Wales, Cornwall and the Are YOU eating the right colours? The Treasury document says it would cost about $15 million to conduct an audit. One wonders: was this a simple oversight or some kind of conscious obfuscation effort? Scales at the Mint used to weigh the bars often didnt work properly. 211 votes, 25 comments. 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.. For the first time photographing is being permitted inside the Depository.. We are no longer accepting comments on this article. The audit announced, however, would include just 20% of the gold. Royal Mint Launches First Coin in Myths and Legends Collection, Numismatic Crime Counterfeit Notes Sold Over Facebook, 1776 Continental Dollar Offered by David Lawrence Rare Coins, Grade This 1936-S Cincinnati Commemorative Silver Half Dollar, First King Charles III Coin From Pobjoy Celebrating the Accession, Dakota 1875 $5 Bank Note in Stacks Bowers Spring Auction. Us, ALL Find out what Uber drivers really think of you! From 1993 to 2008 the remaining 3 % of the gold reserves stored at the US Mint hasbeen audited I assume. 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. 147.3 million ounces of gold is stored at Fort Knox. Same story at the US Mint and US National Archives. This is largely due to a well-circulated rumor during the 1970s that the vaults had been emptied by elites in banking in government, either leased out or confiscated. Next was the GAO; unfortunately they couldnt deliver anything I was looking for. The fact that 7 audit reports that should grant the existence of these reserves appear to be missing is problematic. 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. Moving on to the assay tests conducted at the US Mint. 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. No outside experts were allowed on the site for the audit, either,providingfodder for all kinds of conspiracy theorists. In October 1984, 4,136,046.924 fine troy ounces of gold were reaudited at the United States Mint, Denver. 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. Prince Andrew chuckles as he encounters female jogger on way to his weekly Windsor horse-riding trip. The New Year kicked off . Between 1933 and 1937, this increased . And the problem goes far beyond missing audit reports. 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! 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. If you subscribe to this theory, the incredible amount of protection at the U.S. Bullion Depository is for little more than a pile of IOUs. Built in 1936, security access for the facility make it difficult to get access. The answer is, he cant. Koos Jansen is a precious metal analyst from the Netherlands. Did The Dutch Central Bank Lie About Its Gold Bar List? All the benefits of simply switching from white to brown - AND how purple, Will El Salvador's new mega-prison turn into a bloodbath? 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. Ron Paul worries Fort Knox gold is gone. I left school at 16 with six GCSEs - and became a self-made millionaire. Exhibit 7.3. No outside experts were allowed on the site for the audit, either, providing fodder for all kinds of conspiracy theorists. Tiger Woods unleashes his lawyers on porn site after it Bannon is 'going to war' against Jared, 'crying Ivanka' and A whole hue world! One of last year's uproars was the decision by US officials to carry out an audit of these gold vaults. Fort Knox was thrown open on that Monday afternoon for about 2 hours to some 150 reporters and glad-handing politicians, crowding narrow passageways and elbowing each other for a . The comments below have not been moderated. 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. fort knox crisis phone numbers. The controversial 'trauma expert' interviewing Prince Harry: Gabor Mat was warned by the Canadian A big Beckham birthday! Moreover, it showed a number of (at best) inconsistencies in how the mint conducts its bullion inspection for auditing purposes. Based on glaring conflicts among the Treasury's own documents, this staggering amount of gold disappeared without a trace from 1961 to 1971. . 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. A waiting list may be required and part-time or hourly care may need special planning depending on demand, mission requirements, etc . Gold verification at Fort Knox March 1998, page 3. It was nothing more than a peek-a-boo glance at the gold in fine Hollywood style. In addition, the committee will include technicians from the Bureau of the Mint who are trained in assaying and weighing gold bullion. Coins, Precious From the 1985 report: Because there remains so little information about the contents of the gold vault, a lot of theories crop upregarding what's really inside Fort Knox. In short, the US National Archives could not extradite the 7 audit reports I requested. Fort Knox Gold: Once upon a time, the Fort Knox Bullion Depository was a vast storehouse for American gold. Others claim the goldis actually justtungsten bricks painted to look like the precious metal. According to some sources, this is where most of the other Treasury's gold is located. There Is No Proof All Gold Is In Fort Knox. And being surrounded by more than $186 billion worth of gold was no sweat for one of the country's most powerful politicians. 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). Sets, Commemorative The Mint estimated that as much as one-third of the gold reserves were examined during this period. 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. Kids, Gifts for Welcome to the Coronation! "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". Then let's raise a glass to a slower, quieter 2022 . My assumption is, these assays from 2004 2008 are all assays authorized by the OIG from 1993 2008 and therefor cover 3 % of the gold stored at the US Mint. Plus, US Mint Police remain a constant presence, and preside over the grounds from four machine gun towers placed around the perimeter. Remember, were investigating the audits of the greatest gold hoard on earth, which underpins the world reserve currency the US dollar. You can change the usage of cookies in your browser. Honor, Rolls, The assayer is unknown and no assay reports have been included in the audit reports. Jansen found instances in which the Treasurys auditors failed to follow the governments own procedures for the auditing process. So, what's really inside Fort Knox? The audit will be performed by a committee of auditors from the U.S. General Accounting Office (GAO) and the Department of the Treasury. Next, we can see Thorsons list he presented of physical gold audit reports of the continuingaudit program from 1974 to 1986. Weve barely come across any independent auditor that saw, counted, weighed or assayed the US official gold reserves. 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. All the golden coins that were handed in supposedly accumulated to the greatest gold pile on earth. previous, back to Kate and Prince William 'are keen' for Prince George to have official role in King Charles' coronation - but Royally hard work! The target this time is the United States Treasury Assay Office in New York . 4,243 bars were relocated from vault Jcompartment 19, to vault J compartment 2, at the Denver depository.