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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. Although the quality of the gold in the custody of the Federal Reserve Bank of New York cannot be readily assayed,. eonon change home screen. Built in 1936, security access for the facility make it difficult to get access. Coin At various times, it has been used to store other valuable items, such as the Declaration of Independence, one of the four copies of the Magna Carta, and the crown jewels of foreign nations. To access the gold vault at Fort Knox, you'd need to make your way through a network of security measures. Alaska, USA . Submitted to: . Part of the Daily Mail, The Mail on Sunday & Metro Media Group. and until 2010, every member of . but American gold holdings were reportedly last audited in 1953 (which includes testing for purity); Fort Knox's gold was . Between 10 and 1974 about 1986% of the gold was weighed in, a big drop from 2. 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. My FOIA request had disappeared, or did it? Fort Knox is in Romeo (R) time. 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. 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. 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. Fort Knox is supposedly filled with 400 oz. Located in Kentucky, Fort Knox is a United States Army base whichhouses most of the US's gold reserves. However, a Freedom Of Information Act request Ive submitted in order to obtain all audit reports could not be honored. I left school at 16 with six GCSEs - and became a self-made millionaire. No outside experts were allowed on the site for the audit, either, providing fodder for all kinds of conspiracy theorists. 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. Fort Knox Operation . Kinross - Fort Knox Mine April 22nd, 2021 Signature of Lead Auditor Page 2 of 47 . Mint Medals, Shop All Paper 15919 Avenida Venusto, Apt. Newborns, Gifts You may consider submitting a FOIA request directly to the Treasury Department. The assayer is unknown and no assay reports have been included in the audit reports. Fort Knox, major U.S. military reservation in Meade, Hardin, and Bullitt counties, northern Kentucky, U.S. Fort Knox Internal Review and Audit Compliance. We asked the experts - and their answers will terrify you Public Service Announcement, do NOT watch these ads! Prince Andrew chuckles as he encounters female jogger on way to his weekly Windsor horse-riding trip. Not that it would be easy to even make it this far, but the door to the vault is made of steel and . for Dads, American Women's History Coins & Coins, Tours & *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. 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. More anomalies with regard to the audits of the US official gold reserves will be discussed in forthcoming posts. By Jennifer Liberto @ CNNMoney June 24, 2011: 11:58 AM ET. 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. in 2004 the assayer was Ledoux & Company, a private contractor (read their homepage). Save my name, email, and website in this browser for the next time I comment. This was the first time the OIG was responsible for the audits of the gold at the Mint (note, this same OIG is still responsible for the audits). Single mother faces 170 parking fine after overstaying at McDonald's for just 14 minutes while she treated Man had sex with his wife on bollard in protest after it had been erected by neighbour to stop him parking What will the next pandemic be? 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. 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. In 1974, WCPO Anchor Al Schottelkotte got a rare look inside the gold vault at Fort Knox, Kentucky. It lies 30 miles (48 km) southwest of Louisville and occupies an area of 172 square miles (445 square km). Ledoux & Company found no irregularities in 2004. 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. The US government wished to open the vaults of audited gold to lease or sell the metal on the open market. Try Army A-Z. All your favorite.50 games all in one club! & Facilities, Shop All In July 1985, 11,912,458.207 fine troy ounces of gold were reaudited at the Fort Knox Depository. HOME; EVENTS; ABOUT; CONTACT; FOR ADULTS; FOR KIDS; accident on 9w marlboro, ny today In June 1975 the Secretary of the Treasury authorized the continuing audits of the US owned gold stock. However, in some instances, the rationale for moving gold from one compartment to another proved elusive. His visit was the one and only time a gold vault was opened for inspection for anyone other than authorized personnel. A congressional delegation and some journalists got a look at the gold in 1974. Miles Franklin sponsored this article by Gary Christenson.The opinions are his, and they are not investment advice. The First Critical Observations. 'So many dead. President Reagan last spring demanding that this be looked into immediately. The public may never know. 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. However, we were unable to locate records responsive to reports similarly titled or closely related to the subject annual gold audit 1975-1984. Text Alerts, Contact Fort Knox, Kentucky is an Army base with more than one hundred thousand acres stretching across three counties. "We have approximately $200 billion of gold at Fort Knox," said Mnuchin. Learn how your comment data is processed. Compared to the samples taken in the 1950s and 60s, the standards for the integrity of the sample size had fallen sharply. Us, ALL Despite continued inquiries, the US Mint refuses to offer up proof of the exact amount of gold held at Fort Knox. 147.3 million ounces of gold is stored at Fort Knox. However, no outside experts were allowed in during the audit, and only about 5% of the gold was actually tested. The US official gold reserves are the worlds greatest by far at 8,134 metric tonnes. This is basically an affirmation that the bullion was up to snuff at the last audit, and has been sealed since. & Sales Figures. Next was the GAO; unfortunately they couldnt deliver anything I was looking for. We will discuss the remaining 4 audit reports at once, as they are very similar. In the meantime I will fire several new FOIAs at the Office of the Inspector General and others. The Fort Knox facility, a hyper-secure fortress in Kentucky that is part of quintessential American lore, is . 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). As weve seen thus far there are many problems with the official story everything is fine, all the US official gold reserves all audited. I'm not a professional auditor (if you are one please contact me), but common sense suggests that when irregularities are found the sample size . 4,243 bars were relocated from vault Jcompartment 19, to vault J compartment 2, at the Denver depository. As a result more than 1,700 tonnes at the Fort Knox and the Denver depository, that were both fully audited and sealed at that time, needed to be re-audited. . He also mentioned that despite this being the first visit by a group of politicians and journalists to Fort Knox since 1974 - he was the first serving Treasury Secretary to visit since 1948. And the last time it was counted was actually in 1953." Thank you for signing up with United States Mint! By Patrick A. Heller. Medals, Email & 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. The answer is, he cant. All the benefits of simply switching from white to brown - AND how purple, Will El Salvador's new mega-prison turn into a bloodbath? 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. No outside experts were allowed on the site for the audit, either, providing fodder for all kinds of conspiracy theorists. Coins, American 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. Koos is in the company of monetary scholar Jim Rickards and former U.S. Representative Ron Paul in publicly campaigning for more transparency in the financial system and the gold market. On top of this, a decades worth (1993-2003) of Joint Seal inspections from the Denver and West Point depositories are not accounted for. Ultimately, the Mint concluded that Koos would need to pay over $3,000 in order to have the documents gathered and copied. 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. 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. Its glittering gold . 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. Buffalo Coins, American Eagle His advice to me was to try at the General Accounting Office (GAO) and National Archives for more reports. there has not been anyone allowed access to confirm the gold amounts that are supposedly stored at the Fort. 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. Representative Alex Mooney (R . Here is a rundown of some of Kooss key findings. In 1977 the New York assay office, which is a subsidiary of the US Mint, conducted the assays. This document also contains a summary of the 1980 audit which, by the way, isnt less detailed than the full 1981 report. The committee was made up of staff from the Treasury, the Mint, and the Federal Reserve Bank of New York. Republican frontrunner Donald Trump hinted at the idea that there just might be no gold in the U.S. In the 1980 report we can read the audit procedures and a few other snippets (well quickly jump through) that help us understand how and where the audits were conducted: Audit procedures included (1) inspecting the joint audit committee seals used to control compartments containing previously audited gold; (2) comparing the records for each compartment inventoried to the identifying information on the gold bars; (3) weighing, from each compartment inventoried, at least one randomly selected melt in each fifty melts (a melt, averages about 20 bars cast from one crucible of molten gold); (4) removing samples from a bar in each of the melts weighed and having the samples assayed; (5) verifying the mathematical accuracy of all inventory records; (6) verifying the inventoried gold to the institutions records; (7) verifying the quantities shown by the institutions records to the control accounts for gold maintained by the Bureau of the Mint and to the central accounts maintained by BGFO; (8) placing audited gold bars in compartments under Official Joint Seal and audit committee control; and (9) reviewing and evaluating internal controls and security procedures. The first screen shots below are from a gold verification at Fort Knox in March 1998. The reports were not present at the National Archives, the OIG or at the Treasury Department. 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). In addition to facilities in West Point and Denver, the Fort Knox facility-known as the U.S. Bullion Depository -stands out for its reputation as an impenetrable fortress. We are no longer accepting comments on this article. For the best and most secure experience in our catalog, please update your browser. The audit announced, however, would include just 20% of the gold. In October 1984, 4,136,046.924 fine troy ounces of gold were reaudited at the United States Mint, Denver. The missing audit reports and assay reports feed into our skepticism. Buy for Vault Storage in New Zealand 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.