More false statements by the auditor have appeared, further eroding its credibility. For this post well focus on the continuing audits of U.S.-owned gold, as these audits should proof there is gold in Fort Knox. I decided to send an email to the FOIA online Help Desk to ask what happened to my request. Of course,strange things have been stored in the vault, like morphine and opiumduring the early '90s. Jansen is a longtime gold insider and journalist reporting on, for example, the goings-on of the incipient Shanghai Gold Exchange (SGE). 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. And the problem goes far beyond missing audit reports. Sets, Commemorative Fort Knox: "Glad Gold Is Safe!". Rep. Paul Calls for Gold Audit, Questions Whether Fort Knox Is Empty *For all other publicly available audit reports (1980, 1981, 1985, 1986) its very briefly mentioned assay tests were conducted, presumably for one in every fiftieth melt. Visitor Information :: U.S. Army Fort Knox: Gold Standard Army Installation In an audit conducted at Fort Knox in 1953, 88 ingots were counted for verification. *In 1977, presumably, one bar in every fiftieth melt (one melt is approximately 20 bars) was assayed, irregularities were found in two melts, the vault had to be opened twice more in the presence of the Joint Sealing Committee and the gold reevaluated. U.S. Government Gold Reserve Auditor Deceptions . document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. 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). 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). 213K subscribers in the Wallstreetsilver community. 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). Few people have ever entered the vault,and while147.3 million ounces of goldallegedly exists inside, the accuracy remains in doubt. Part One, all golden coins that circulated in the US before 1933 could not have supplied the US official gold reserves to the extent Mr Moy has stated. 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. Its glittering gold . & Medal Programs, Tours Alaska, USA . He ought to have known precisely how many pages were needed and presumably where to find them. In the meantime I will fire several new FOIAs at the Office of the Inspector General and others. I did read one time that the queen of England a. Ron Paul (R-Texas) says his measure to audit the Federal Reserve, which passed the House last December, would force the first open audit of Ft. Knox in decades. 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. 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. Share this page: Army.mil. 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. We are a community that loves Silver, Period. 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. 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. Between 10 and 1974 about 1986% of the gold was weighed in, a big drop from 2. Each gold bar is 7 inches x 3 and 5/8 inches x 1 and 3/4 . & Sales Figures. Try Army A-Z . 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. Each and every bar there should be assayed in a full, independent audit. 211 votes, 25 comments. . 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. When I logged in at my account at the FOIA website, I saw my request had 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. But by 1986, you had 97 percent was audited. The BGFO and Mint staff was replaced by the OIG and the revised audit procedures were invented as a reason to open several compartments. Try Army A-Z. The Gold-Backed-Oil-Yuan Futures Contract Myth, Estimated Chinese Gold Reserves Surpass 20,000t. 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? Fort Knox claims billions of dollars worth of gold are stored away in its secret vault. Doubts About America's Official Gold Holdings: The US Gold Reserve The 1974/1975 and 1978 reports refer to the audits conducted in 1974 and 1977. And being surrounded by more than $186 billion worth of gold was no sweat for one of the country's most powerful politicians. Official Joint Seal inspection records from Fort Knox, June 1998 (courtesy of Koos Jansen through Freedom of Information Act). 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. 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. All the benefits of simply switching from white to brown - AND how purple, Will El Salvador's new mega-prison turn into a bloodbath? Here is a rundown of some of Kooss key findings. Bevin, who said he collected coins as a child, compared it to 'seeing a leprechaun on a unicorn. At Fort Knox, we are about people - great service members, outstanding civilians . After the gold was audited by the Continuing Audit committee all compartments were placed under Official Joint Seal. Audit report Fort Knox 1981. Bureau of Government Financial Operations [BGFO]. What was the last time the gold at Fort Knox was audited? 45 New Bridge Road, Singapore 059398 Singapore 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. There was nothing left to do but submit a Freedom Of Information Act (FOIA) request. Fort Knox history. 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. No photographs were allowed, of course. After writing it Ive been trying to collect all audit reports dating from1974 1986. Fort Knox is Probably Empty, Gold Missing - Stillness in the Storm The Congressional inspection adheres to the new open door policy of the government announced by President Ford. Why might the government entrust such inexperienced employees with this important task? More from 1981 report: The continuing audit is being conducted on a cyclical basis because of the enormous quantity of gold to be handled and the related costs. Text Alerts, Contact Cookies are also used for the purpose of handling our system and services. Instead, I was advised to contact the Treasury. From the 1985 report: Meanwhile I was fortunate to find the 1981 audit report at the website The Golden Sextant fromReg Howe. ALL COIN PROGRAMS, National Purple Heart Hall of The Great American Disaster: How Much Gold Remains In Fort Knox? In 1974, WCPO Anchor Al Schottelkotte got a rare look inside the gold vault at Fort Knox, Kentucky. Vault: Rare look inside gold vault at Fort Knox - WCPO Koos Jansen. 35 % first buy in bonus! Same story at the US Mint and US National Archives. This would last until 2010 when the Armor School was relocated to Fort Benning, Georgia. "good delivery" bricks of gold found gutted and filled with tungsten within the confines of LBMA approved vaults in Hong Kong. Fort Knox DPW team completes large audit ahead of deadline in support 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. ', 'All I will say is that it is freakishly well secured,' he said. Need Help? 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. This fits right into how the US government imposes audits on their official gold reserves; the audits are performed by the US government itself. Jun 5th, 2022 . PBOC Gold Purchases: Separating Facts from Speculation. 3. 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. As will conclusions and speculation. The other two-thirds, however, have not been inventoriedthat is according to my understandingor assayed since somewhere between 1975 and 1986. Fort Knox Gold - History of Fort Knox | BullionByPost US Mint Releases New Fort Knox Audit Documentation. Bags, & Boxes, Code 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. Much of this newfound gold came into government coffers as a result of President Franklin Roosevelts executive order confiscating privately held gold in 1933. The U.S. Government Spent Fort Knox GoldHundreds of Times The novel begins: 7:20 am, September 11, 2015. The last full audit was done in 1953 . 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. Day trip: Steve Mnuchin and his wife Louise Linton touched down in Kentucky earlier on Monday prior to the Treasury Secretary's tour of Fort Knox. EMPTY! Is there any gold in Fort Knox? Government's denial of audit Only One President Has Ever Been Inside Fort Knox Why Is It - Ranker Great! Coins, Tours & As the last days tick away, let's take a moment to recap the top 12 stories at Fort Knox that shaped our 2021. 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. The official story from OIG is that 100 % of the gold stored at Fort Knox was audited in between 1974 and 1986, . China Net Imported 1,300t Of Gold In 2016, Why SGE Withdrawals Equal Chinese Gold Demand And Why Not, Trade in and out of physical gold and silver, BullionStar Perspectives - Rick Rule - Wisdom and Insights from Legendary Mining Investor, Buy for Vault Storage in the United States, Domestic and International Shipping from Singapore, and 1980 summary, released by the GAO 10/1981, the vault had to be opened twice more in the presence of the Joint Sealing Committee and the gold reevaluated, assaying 899 to 901 per mille or 915 1/2 to 917 per mille, Where Did The Gold In Fort Knox Come From? Exhibit 1. Senator from Kentucky, where Fort Knox is located. 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. Located in Kentucky, Fort Knox is a United States Army base whichhouses most of the US's gold reserves. 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. 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. Answer (1 of 2): Who knows but it is rumored that the majority of the gold in Fort Knox no longer exists! Tiger Woods unleashes his lawyers on porn site after it Bannon is 'going to war' against Jared, 'crying Ivanka' and A whole hue world! Fort . Ledoux & Company found no irregularities in 2004. Fort Knox - RationalWiki The last trial was a "hybrid" SAG, with one cyclopac underflow feeding the . Buy, ship and store bullion with BullionStar in/from different countries. The last time that Congress audited it was 2019. The assayer is unknown and there was no assay report included in the audit report. 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. Your browser is out of date. 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. Not that it would be easy to even make it this far, but the door to the vault is made of steel and . On April 28, 1943, President Franklin D. Roosevelt inspected the Bullion Depository, Mrs. Brooks said. 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. 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. BREAKING: Fort Knox Audit Documentation Finally Released 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. The gold at Fort Knox is stored in one of the most secure facilities in the world. However, a Freedom Of Information Act request Ive submitted in order to obtain all audit reports could not be honored. His advice to me was to try at the General Accounting Office (GAO) and National Archives for more 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). The WORST care homes in England: Interactive map reveals the lowest-rated 2,530 residences - so is there one Do YOU know your Adam and Eve from your Ruby Murray? Even then only 5% of the examined bullion was weighed and assayed to determine its purity. 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. US citizens were required to sell their gold bullion - bars and coins - back to the State. The reports from 1974 and 1977 weve extensively analyzed in my previous post Second Thoughts On US Official Gold Reserves Audits, published on February 9, 2015. According to official statistics, the United States holds far and away the largest gold reserves of any sovereign nation or supranational institution. They could only find 2 reports I didnt posses previously, of the audits conducted in 1985 and 1986. Mint Medals, Shop All Paper HOME; EVENTS; ABOUT; CONTACT; FOR ADULTS; FOR KIDS; accident on 9w marlboro, ny today *Its likely 97 % of the audited gold by the continuing audits committee has not been assayed by an independent assayer. Government-owned Gold" for the years 1975, 1976, 1978, 1979, and 1981-1984. However, we were unable to locate records responsive to reports similarly titled or closely related to the subject annual gold audit 1975-1984. random nose bleed covid. As a newcomer to Fort Knox, you are a part of the Gold Standard team that is making the Army's vision a reality. These CDCs offer full-day care, part-day, and hourly care. No outside experts were allowed on the site for the audit, either,providingfodder for all kinds of conspiracy theorists. GAO stands for General Accounting Office, OIG stands for Office of Inspector General. The US government wished to open the vaults of audited gold to lease or sell the metal on the open market. Your request was received in this office on March 3, 2015 and assigned FOIA case number RD 45578. In 1977 the New York assay office, which is a subsidiary of the US Mint, conducted the assays. Three out of thirteen compartments at Fort Knox were audited for inventory and samples were assayed and compared to records currently held by the Mint. Thats everything we have, or are aware of. Moreover, it showed a number of (at best) inconsistencies in how the mint conducts its bullion inspection for auditing purposes. Company Registration No. Beginning in 1974, the auditors of the U.S. government's gold reserves held at Fort Knox, Ky., and at the U.S. Mint facilities in Denver, Colo., and West Point, N.Y. (which was named the West Point Bullion Depository from its opening in 1937 until it gained status as an official Mint in 1988), started a 10-year program to verify 100 percent of the gold reserves. In June 1975 the Secretary of the Treasury authorized the continuing audits of the US owned gold stock. An excuse was needed to break the seals. No irregularities were found. 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). : 201217896Z 2021 what a year, Fort Knox! | Article | The United States Army In 1953, the US Treasury Department audited Fort Knox, but only around 5% of the gold underwent testing for purity. One wonders: was this a simple oversight or some kind of conscious obfuscation effort? initial 1974 Fort Knox audit which was conducted by GAO and Treasury auditors. In performing the audit, the gold bars are physically moved from one vault compartment to another. However, in some instances, the rationale for moving gold from one compartment to another proved elusive. PDF Fort Knox, Kentucky - United States Army What his dogged FOIA requests have failed to reveal, unfortunately, is anything that would put the questions about the Fort Knox gold to rest. Kate and Prince William 'are keen' for Prince George to have official role in King Charles' coronation - but Royally hard work! Gold verification at Fort Knox March 1998, page 2. 1495,not enacted) in 2011 the Inspector General (IG) of the Treasury presented a case all is fine, but all is not fine. From 1993 to 2008 the remaining 3 % of the gold reserves stored at the US Mint hasbeen audited I assume. And the last time it was counted was actually in 1953." In one case, the auditors were allegedly unaware that the scale was showing standard ounces rather than troy ounces, which all precious metals are weighed in, throwing an entire days worth of measurements out of whack (that a scale used for precious metals would ever be set to anything besides troy ounces is questionable). The Fort Knox Gold was last audited in the 1950s. It is surrounded by an active U.S. Army fort, guarded by the U.S. Mint Police and protected by layers of security measures, including a blast proof 22-ton door, 16,000 cubic feet of granite, 4,200 cubic yards of concrete, 750 tons of reinforcing steel and 670 . What's really inside Fort Knox? The golden secrets of the US Bullion Jansen found instances in which the Treasurys auditors failed to follow the governments own procedures for the auditing process. Secretary of the Treasury Steven Mnuchin visited Fort Knox on August 21. 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. A barrel is worth about $1,200 or $2.88 per pound which is 10-18 times the value of U.S. crude oil. Liberty, Bush The only audit that has ever been done of the gold inside Ft Knox was done days after Dwight Eisenhower became President in January of 1953. Click on the links for more information:Buy for Vault Storage in Singapore In October 1984, 4,136,046.924 fine troy ounces of gold were reaudited at the United States Mint, Denver. Hisstatement 100 percent of the U.S. Governments gold reserves in the custody of the Mint has been inventoried and audited is impossible to confirm, as well see later on. 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! Despite the fact that a 1953 Fort Knox audit found that 1977% of bullion tested was out of , in 2, we went to 1998% verified ingots. 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. Between 1933 and 1937, this increased . It basically coveredby 1986, 97 percent of the Government-owned gold held by the Mint had been audited and placed under joint seal. 'It would really be quite a movie if we walked in and there was no gold. Based on glaring conflicts among the Treasury's own documents, this staggering amount of gold disappeared without a trace from 1961 to 1971. . Secretary Mnuchin's statements were not helpful. 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. 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. 'It just kind of came up as a result of a casual conversation,' McConnell said. Lets read more about the audits at the FRBNY conducted under the continuing audits program, a quote from the 1981 report: The audit procedures followed [at the FRBNY] are essentially the same as those followed at Bureau of the Mint depositories, except that assay samples are not taken to verify the purity of the gold. Who was the last person to actually see the gold in Fort Knox? A waiting list may be . Does The Fort Knox Gold Really Exist? | Gold Eagle 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. Fort Knox Gold - History of Fort Knox | BullionByPost More than half of . Fort Knox Looted of 7,000 Tons of Gold in 1973-1974 says 1981 Article! The gold stored in these compartments would get moved around if samples were taken for assaying during the audit. Mnuchin's PR Visit to Fort Knox proves nothing about the - GoldSeek when was the last time fort knox was audited The New Year kicked off . In a series of posts well continue to examine all there is to find regarding the audits of US official gold reserves. ( Kitco News) - Although he made this assumption nearly one year ago, the Donald's comments on gold at Fort Knox - or lack thereof - are making the rounds on Twitter again Tuesday. The last Congressional visit prior to this occurredin 1974. Matt Bevin. President Reagan last spring demanding that this be looked into immediately. The Fort Knox facility was opened within the year, and took its first shipment of gold in 1937. Fort Knox Policies. Plus, US Mint Police remain a constant presence, and preside over the grounds from four machine gun towers placed around the perimeter. By using our website, you accept that cookies are used. 'The gold is safe.'. However, no outside experts were allowed in during the audit, and only about 5% of the gold was actually tested. U.S. Government Lost 7 Fort Knox Gold Audit Reports Until 1953, there were serial number audits of the gold and some assaying as I explain but that became costly and time intensive. Many conspiracy theorists - like the Gold Anti-Trust Action Committee (GATA)- believe the gold doesn't really exist, there isn't as much as the government claims, or the government has sold it off for years. United States Mint All Rights Reserved. But, the OIG disclosed assay reports of the audits of 3 % of the US official gold reserves stored by the Mint at the congressional hearing in 2011 (exhibit 3 and 4).