The First Critical Observations", February 2017. "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. Then, something very strange happened in 1983. Page Last Modified: 8/26/19, 2:56 PM Fort Knox, KY. Our Nation's Gold Standard Army Home. Koos Jansen. 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. 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. 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. 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. 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. Military/Civilian clock Examples of Civilian/Military time conversion. I am glad to report that everything at the depository looked to be secure and in order. The Fort Knox Gold was last audited in the 1950s. (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 . All the golden coins that were handed in supposedly accumulated to the greatest gold pile on earth. To access the gold vault at Fort Knox, you'd need to make your way through a network of security measures. But Bevin, speaking on WHAS radio, divulged a few more details. In an audit conducted at Fort Knox in 1953, 88 ingots were counted for verification. " He told an audience in Louisville, "I assume the gold is still there.". Kooss analysis of the procedures used found its rigor wanting in several key areas. Audit report Fort Knox 1981. Senate Majority Leader Mitch McConnell and other Kentucky politicians went to the United States Bullion Depository at Fort Knox for the first time since 1974, Reassurance: Treasury Secretary Steve Mnuchin tweeted out thanks to the US Mint and confirmed that the gold is all safe. Located in Kentucky, Fort Knox is a United States Army base whichhouses most of the US's gold reserves. 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 . A movie producer before becoming treasury secretary, Mnuchin told a group of Louisville business leaders earlier in the day it was important for him to see the gold to attest that 'it is part of our national assets. & Medal Programs, Tours U.S. Mint Releases Fort Knox Audit - CoinWeek HOME; EVENTS; ABOUT; CONTACT; FOR ADULTS; FOR KIDS; accident on 9w marlboro, ny today Between 10 and 1974 about 1986% of the gold was weighed in, a big drop from 2. The audit announced, however, would include just 20% of the gold. Only one president has ever been inside -and the US Mint remains largely mum on the contents of the vault -making Fort Knox a hotbed for conspiracy theories. When will the Beast from the East be at YOUR door? Gold at Fort Knox? Donald Trump Doesn't Think So | Kitco News Circulating However, as Ive written in my post Where Did The Gold In Fort Knox Come From? There was no assay report included in the audit report. Click on the links for more information:Buy for Vault Storage in Singapore Secretary of the Treasury Steven Mnuchin visited Fort Knox on August 21. There was nothing left to do but submit a Freedom Of Information Act (FOIA) request. 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. when was the last time fort knox was audited The documents also include new details about Mnuchin's activities at Fort Knox, where the Treasury stores a stockpile of gold with a market value it estimates at $190 billion. Meanwhile I was fortunate to find the 1981 audit report at the website The Golden Sextant fromReg Howe. If we carefully read the scarce audit reports available to us, wenotice the audit procedures were revised in 1983. Although the quality of the gold in the custody of the Federal Reserve Bank of New York cannot be readily assayed,. By Jennifer Liberto @ CNNMoney June 24, 2011: 11:58 AM ET. Why might the government entrust such inexperienced employees with this important task? Text Alerts, Contact It was decided to destroy several audit and assay reports and no less than 1,700 tonnes needed to be re-audited. In August 2017, US Treasury Secretary Steve Mnuchinvisited the gold vault at Fort Knox and, along with a few other politicians, surveyed the site. The intention in 1975 was to audit the gold at the FRBNY, but then, a few years down the road the gold at the New York Fed was mysteriouslyexempt from the continuing audits program. Does The Fort Knox Gold Really Exist? | Gold Eagle Liberty, Bush However, there has been considerable doubt over the years as to whether the depository actually held any gold. "good delivery" bricks of gold found gutted and filled with tungsten within the confines of LBMA approved vaults in Hong Kong. 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. You requested access to audit reports of the United States Department of the Treasurys official gold reserves published by the Committee for Continuing Audit of the U.S. Save my name, email, and website in this browser for the next time I comment. Answer (1 of 2): Who knows but it is rumored that the majority of the gold in Fort Knox no longer exists! The gold at Fort Knox is stored in one of the most secure facilities in the world. 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?' Shortly after I got an email that statedmy request had been received and was being processed. A second storage facility was built at the same time: . Us, ALL Koos mainly provides unique insights about Chinese gold market. Manyquestion the amount of gold that supposedly exists in the vault,and wonder what else hides within the building'swalls. Kinross Gold Corporation's Fort Knox Mine Achieves Fifth Certification The audit will be performed by a committee of auditors from the U.S. General Accounting Office (GAO) and the Department of the Treasury. 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). The Armored Force School and the Armored Force Replacement Center began operations at Fort Knox in October 1940. Revealed: The top 10 fastest-growing destinations for UK pensioners retiring overseas. *In 1974 the New York assay office tested 95 bars. Bureau of Government Financial Operations [BGFO]. In addition to the gold bricks, Bevin said he got to hold a 1933 double eagle, a $20 gold coin that was never circulated. 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. Shipping within New Zealand. The 1974 Fort Knox audit by the GAO has been acknowledged and adopted by the continuing audits committee, so this it becamepart of the continuing audits. In total there should be 13 reports (1974 1986), 2 already were in my possession (1974 and 1977). However, until the missing audit reports show up we can only look at this case as its presented by the US government through the documents that are publicly available. Former US Mint Director Clueless On Gold In Fort Knox - GoldSeek Republican frontrunner Donald Trump hinted at the idea that there just might be no gold in the U.S. Coins, American 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. 'It's not even the annual funding level for some of our large departments in the federal government,' he said. 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. I personally believe that rumor and the bulk of it has been sold off to the rich elites. However, how trustworthy is this system of accounting? Of course,strange things have been stored in the vault, like morphine and opiumduring the early '90s. Official joint seal number 932 put in place on September 2, 1982, under the continuing audits of U.S.-owned goldstored at the Mint. This is remarkable. Fort Knox claims billions of dollars worth of gold are stored away in its secret vault. Ultimately, the Mint concluded that Koos would need to pay over $3,000 in order to have the documents gathered and copied. In response to a FOIA request the US Mint has finally released reports drafted from 1993 through 2008 related to the physical audits of the US official gold reserves. One of the mostsecure andinaccessible places in the world, the facility once held the Declaration of Independence and Bill of Rights. Domestic and International Shipping from Singapore The Fort Knox facility was opened within the year, and took its first shipment of gold in 1937. Review of US Bullion Depository (Fort Knox) gold audits - plenty of when was the last time fort knox was audited. Inside the famed vaults at Fort Knox, Senate Majority Leader Mitch McConnell held a 27-pound gold bar in his hands Monday as part of the first civilian delegation to see most of the country's bullion reserves in more than 40 years.
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