However, the documents released are incomplete and reveal the audit procedures have not been executed proficiently. 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. 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. Share this page: Army.mil. Find out what Uber drivers really think of you! Buy for Vault Storage in the United States 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. The last Congressional visit prior to this occurredin 1974. 35 % first buy in bonus! Its glittering gold . Buy, ship and store bullion with BullionStar in/from different countries. Coin 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. According to official statistics, the United States holds far and away the largest gold reserves of any sovereign nation or supranational institution. 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. Based on glaring conflicts among the Treasury's own documents, this staggering amount of gold disappeared without a trace from 1961 to 1971. . Click on the links for more information:Buy for Vault Storage in Singapore Sevenreports are missing. 3. Not that it would be easy to even make it this far, but the door to the vault is made of steel and . Part One, We use cookies to enhance the user experience and to analyse traffic. 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. Medals, Treasury and Monetary Gold Stock of the United States By Everett Millman Gainesville Coins . 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. Exhibit 7.1. McConnell said he had never thought about visiting Fort Knox before, but jumped at the chance when Mnuchin offered to take him. Koos Jansen. No outside experts were allowed on the site for the audit, either, providing fodder for all kinds of conspiracy theorists. Mint Medals, Shop All Paper That shipment required a convoy of 33 15-ton trailers to move the gold. Koos mainly provides unique insights about Chinese gold market. The reports were not present at the National Archives, the OIG or at the Treasury Department. In 1974, WCPO Anchor Al Schottelkotte got a rare look inside the gold vault at Fort Knox, Kentucky. 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. Audit report Fort Knox 1981. Ultimately, the Mint concluded that Koos would need to pay over $3,000 in order to have the documents gathered and copied. Ron Paul worries Fort Knox gold is gone. The Mint estimated that as much as one-third of the gold reserves were examined during this period. 'The gold is safe.'. I decided to send an email to the FOIA online Help Desk to ask what happened to my request. Representative Alex Mooney (R . Over 640,000,000 ounces of real money sat behind those massive locked doors. During fiscal year 1986, gold was audited at the West Point Bullion Depository, and the San Francisco Old Mint under the initial continuing audit program. in 2004 the assayer was Ledoux & Company, a private contractor (read their homepage). 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. In October 1984, 4,136,046.924 fine ounces gold was reaudited. The Armored Force School and the Armored Force Replacement Center began operations at Fort Knox in October 1940. The US government wished to open the vaults of audited gold to lease or sell the metal on the open market. 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. Facilities, Production This document also contains a summary of the 1980 audit which, by the way, isnt less detailed than the full 1981 report. When I logged in at my account at the FOIA website, I saw my request had disappeared. Revealed: The top 10 fastest-growing destinations for UK pensioners retiring overseas. 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. More false statements by the auditor have appeared, further eroding its credibility. It was a magnificent golden sunrise that inspired visions of glory, wealth, and beauty. 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. More anomalies with regard to the audits of the US official gold reserves will be discussed in forthcoming posts. The First Critical Observations. Page Last Modified: 8/26/19, 2:56 PM Fort Knox, KY. Our Nation's Gold Standard Army Home. ', Last time: This picture dates from 1974 - the last time civilians were allowed inside - and shows Mrs. Mary Brooks, Director of the Mint surrounded by gold in one of Fort Knox's vaults, 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. 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 . 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. All the benefits of simply switching from white to brown - AND how purple, Will El Salvador's new mega-prison turn into a bloodbath? However, we were unable to locate records responsive to reports similarly titled or closely related to the subject annual gold audit 1975-1984. These CDCs offer full-day care, part-day, and hourly care. Kooss analysis of the procedures used found its rigor wanting in several key areas. 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?' It saves time and labor costs. Fort Knox is in Romeo (R) time. Currently the Office Inspector General of the Treasury is responsible for the audits of the gold reserves at the US Mint. *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. 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. I can say that without any hesitation, because I have observed the gold and the security of the gold reserves myself. 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. Maybe a room or two full of gold but the rest is gone. 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. Coins, American . 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. "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". Weve barely come across any independent auditor that saw, counted, weighed or assayed the US official gold reserves. Fort Knox history. The assayer is unknown and there was no assay report included in the audit report. In total there should be 13 reports (1974 1986), 2 already were in my possession (1974 and 1977). Protected by a 109,000-acre U.S. Army post in Kentucky sits one of the Federal Reserve's most secure assets and its only gold depository: the 73-year-old Fort Knox vault. 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. 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. when was the last time fort knox was audited. The last time that Congress audited it was 2019. This would last until 2010 when the Armor School was relocated to Fort Benning, Georgia. The other two-thirds, however, have not been inventoriedthat is according to my understandingor assayed since somewhere between 1975 and 1986. Then, something very strange happened in 1983. US Mint Releases New Fort Knox Audit Documentation. Others claim the goldis actually justtungsten bricks painted to look like the precious metal. 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. ', 'All I will say is that it is freakishly well secured,' he said. From 1993 to 2008 the remaining 3 % of the gold reserves stored at the US Mint hasbeen audited I assume. 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. 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. 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. 1495,not enacted) in 2011 the Inspector General (IG) of the Treasury presented a case all is fine, but all is not fine. 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. 1126, San Diego, CA, 92128, USA . Fort Knox gold subject of hearing. Manyquestion the amount of gold that supposedly exists in the vault,and wonder what else hides within the building'swalls. The door weighs 22 tons and is 21 inches thick, and the roof is bomb proof. While the gold at Fort Knox was partially audited in the past, the gold at the Federal Reserve Bank of New York was never looked at. 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. "good delivery" gold bars. He said it took 'quite a bit of time' to get in and out of the facility, and said officials had to cut a seal to open the vault for them. . I doubt an attempt to submitting a FOIA request directly to the Treasury Department will bring me anything; likely it will be a waste of time as I had already contacted all possible government departments separately, which could not deliver me the reports I was looking for despite none of them was unwilling to help me. 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. Fort Knox Policies. 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? More from the 1985 report: The audit procedures followed [at the FRBNY] were essentially the same as those followed at Mint institutions except that assay samples were not taken to verify the purity of the gold and the audited gold was not under committee control after the audit. In the meantime I will fire several new FOIAs at the Office of the Inspector General and others. There can be no world reserve currency without appropriate gold reserves supporting it, providing essential confidence and credibility. At this stage I havent been able to get my hands on any assay report from 1974 1986. The annual audits by the committee ended in 1986 after 97 per cent of the Government owned gold held by the Mint had been audited and placed under official joint seal. The gold vault at Fort Knox is "encased in 16,000 cubic feet of granite and 4,200 cubic yards of cement." The depository holds more than 147 million ounces of gold, which puts its market value at more than $186 billion. The process would take about 30 minutes to verify the gold content of each bar, or 350,000 man hours; to do that . notion character sheet, culpepper funeral obituaries kosciusko, ms, brad rukstales family,
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