when was the last time fort knox was audited

By using our website, you accept that cookies are used. Is There Really Any Fort Knox Gold - Historic Mysteries 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. Given all the protection, it seems obvious that billions of dollars worth of gold (or something) indeed resides at Fort Knox. US Government Lost 7 Fort Knox Gold Audit Reports 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. U.S. Army Cadet Command Headquarters is located inside the Fort Knox installation which is located roughly 35 miles south of Louisville, Kentucky. Republican frontrunner Donald Trump hinted at the idea that there just might be no gold in the U.S. The government supposedly maintains over 8,100 metric tonnes of the yellow metal in its reserves, spread out across three main bullion depositories (for reference, the second-largest gold reserves owned by Germany total less than half of the U.S. stockpile). Is Gold in Fort Knox Real? Ron Paul Wants to Know - CNBC These could be better understood, or clarified, if we could obtain all audit reports from 1974 1986. 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. Let me show you an example of Fort Knox. 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. Try Army A-Z. random nose bleed covid. 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. That shipment required a convoy of 33 15-ton trailers to move the gold. 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. 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. "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". 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. There was no assay report included in the audit report. . The target this time is the United States Treasury Assay Office in New York . The Gold-Backed-Oil-Yuan Futures Contract Myth, Estimated Chinese Gold Reserves Surpass 20,000t. 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. 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. Internal Review & Audit Compliance :: U.S. Army Fort Knox: Gold 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. Equal Employment Opportunity. The last time Fort Knox was audited was in 1953, immediately after President Eisenhower was inaugurated. 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. A waiting list may be required and part-time or hourly care may need special planning depending on demand, mission requirements, etc . In addition to the gold bricks, Bevin said he got to hold a 1933 double eagle, a $20 gold coin that was never circulated. 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. Is There Gold in Fort Knox? - CBS News Tiger Woods unleashes his lawyers on porn site after it Bannon is 'going to war' against Jared, 'crying Ivanka' and A whole hue world! President Reagan last spring demanding that this be looked into immediately. Theoretically, if the seal hasnt been tampered with, this is as good as verifying the metals themselves. To access the gold vault at Fort Knox, you'd need to make your way through a network of security measures. Since 1993, when we assumed responsibility for the audit, my office has continued to directly observe the inventory and test the gold. Your browser is out of date. At Fort Knox, we are about people - great service members, outstanding civilians . & Medal Programs, Tours 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. In 1953, the US Treasury Department audited Fort Knox, but only around5% of the goldunderwent testingfor purity. According to some sources, this is where most of the other Treasury's gold is located. In 1974, WCPO Anchor Al Schottelkotte got a rare look inside the gold vault at Fort Knox, Kentucky. 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. Coins, American 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 June 1975, the Treasury Secretary authorized and directed a continuing audit of U.S. Coins, Tours & 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). Thats everything we have, or are aware of. Click on the links for more information:Buy for Vault Storage in Singapore Shipping within New Zealand. in 2004 the assayer was Ledoux & Company, a private contractor (read their homepage). In 2008, presidential candidate Ron Paul unsuccessfully called for an audit of the US Federal Reserve and Fort Knox,but his skepticism echoed that of other conspiracy theorists. Fort Knox Security: The Most Heavily Guarded Place - Reader's Digest Buy for Vault Storage in the United States It basically coveredby 1986, 97 percent of the Government-owned gold held by the Mint had been audited and placed under joint seal. So, what's really inside Fort Knox? FORT KNOX MINE ICMC SUMMARY AUDIT REPORT . Fort Knox U.S. Gold Reserves to be Independently Audited and Assayed CoinWeek: Rare Coin, Currency, and Bullion News for Collectors, it should be clear that the Deep Storage gold has not been audited by professionals, but the precious metals have been verified by imbeciles., submitted a number of Freedom of Information Act (FOIA) requests, Kolbe & Fanning Booksellers Buy or Bid Sale #3 Today Through March 15, Selections from Atlas Numismatics New Ancient, World Coin Inventory, Lesser Known History of the US Mint in Saudi Gold and Other Tales, Bitcoins and Physical Cryptocurrency in Stacks Bowers Auction. Jun 5th, 2022 . I can say that without any hesitation, because I have observed the gold and the security of the gold reserves myself. The gold stored in these compartments would get moved around if samples were taken for assaying during the audit. The audit announced, however, would include just 20% of the gold. *In 1974 the New York assay office tested 95 bars. The gold at Fort Knox is stored in one of the most secure facilities in the world. 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. About 000% of them were weighed. What was the last time the gold at 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. The Fort Knox Mine was initially certified in full compliance with the Cyanide Code in February 2008 and was recertified in September 2011, in February 2015, and in August 2018. The One "Audit" Of Fort Knox. 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. Military/Civilian clock Examples of Civilian/Military time conversion. & Sales Figures. Daily free rolls! Compartments audited at Mint institutions and depositories are kept under official joint seal by representatives of the audit committee. US Mint Releases New Fort Knox Audit Documentation. More than half of . Fort Knox is supposedly filled with 400 oz. 3. Quoting from the 1981 report: Gold at the Federal Reserve Bank of New York is audited periodically by examiners of the Board of Governors of the Federal Reserve System, Members of the Committee for Continuing Audits of United States Government-owned Gold representing the Mint and BGFO observed the audits at the invitation of the Board and the Federal Reserve Bank. *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 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). The door weighs 22 tons and is 21 inches thick, and the roof is bomb proof. Weve barely come across any independent auditor that saw, counted, weighed or assayed the US official gold reserves. I personally believe that rumor and the bulk of it has been sold off to the rich elites. Koos mainly provides unique insights about Chinese gold market. The US official gold reserves are the worlds greatest by far at 8,134 metric tonnes. Our staff conducted a search using the National Archives Holdings Management System under the following records group numbers: RG 50 Treasurer of the United States, RG 56 General Records of the Department of the Treasury, RG 82 Federal Reserve System, RG 101 Office of the Comptroller of the Currency, RG 104 U.S. Mint, and RG 425 Financial Management Service. www.smartaccess.us . when was the last time fort knox was audited - hugs.finance However, if that intruder had turned to the west he would have . document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. 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. 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. 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. As the last days tick away, let's take a moment to recap the top 12 stories at Fort Knox that shaped our 2021. "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. The last time anyone had access to inspect the deposits was on September 23, 1974. . Alaska, USA . The Congressional inspection adheres to the new open door policy of the government announced by President Ford. 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. However, in some instances, the rationale for moving gold from one compartment to another proved elusive. 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. 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. 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. 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. Donate here, Idaho House Votes to Authorize State Gold & Silver Holdings, 34 Wyoming House Members Thumb Their Noses at Sound Money, Catch-22: Rate Hikes May Fuel Even MORE Inflationary Deficit Spending, Vermont Seeks to Become 44th State to Roll Back Sales Tax on Sound Money, Mississippi Legislature Votes Overwhelmingly to End Sales Taxes on Gold and Silver, VIDEO: President of Money Metals Exchange Joins Gold Standard Podcast to Discuss Sound Money Legislation, Iowa Seeks to End Capital Gains Taxes on Gold and Silver, Mississippi Bill Would End All Taxes on, Invest State Funds in, Gold & Silver, Kentucky Lawmakers Aim to End Sales Taxes on Sound Money, Missouri Senate Votes to End Income Taxes on Gold and Silver, Hold Monetary Metals in Reserve, Legislators Seek Repeal of Wisconsins Controversial Sales Tax on Gold and Silver. 312 tonnes of the total is 4 %. 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. Fort Knox Gold: Once upon a time, the Fort Knox Bullion Depository was a vast storehouse for American gold.