when was the last time fort knox was audited

'The gold is safe.'. 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 Congressional inspection adheres to the new open door policy of the government announced by President Ford. According to official statistics, the United States holds far and away the largest gold reserves of any sovereign nation or supranational institution. One of the mostsecure andinaccessible places in the world, the facility once held the Declaration of Independence and Bill of Rights. 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. In June 1975, the Treasury Secretary authorized and directed a continuing audit of U.S. . 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 facility was opened within the year, and took its first shipment of gold in 1937. Conclusion. Official records claimed 20,000 tons in the 1950s. By Jennifer Liberto @ CNNMoney June 24, 2011: 11:58 AM ET. The door weighs 22 tons and is 21 inches thick, and the roof is bomb proof. Site, Coin At the congressional hearing of the Gold Transparency Act (H.R. 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. 35 % first buy in bonus! There has not been any movement of inventoried gold since that time. I personally believe that rumor and the bulk of it has been sold off to the rich elites. This post is a sequel to A First Glance At US Official Gold Reserves Audits and Second Thoughts On US Official Gold Reserves Audits. 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. Since 1993, when we assumed responsibility for the audit, my office has continued to directly observe the inventory and test the gold. The missing audit reports and assay reports feed into our skepticism. That shipment required a convoy of 33 15-ton trailers to move the gold. Part One, We use cookies to enhance the user experience and to analyse traffic. The assayer is unknown and no assay reports have been included in the audit reports. The U.S. Government Spent Fort Knox GoldHundreds of Times There was no assay report included in the audit report. My FOIA request had disappeared, or did it? 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). Monetary Gold Stock of the United States I will, however, submit a couple of new FOIAs at the US government regarding gold audits. Until 1953, there were serial number audits of the gold and some assaying as I explain but that became costly and time intensive. 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. The 1974/1975 and 1978 reports refer to the audits conducted in 1974 and 1977. Between 1933 and 1937, this increased . Contact Us. A separate post will be dedicated to KPMG. 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. All your favorite.50 games all in one club! In August 2017, US Treasury Secretary Steve Mnuchinvisited the gold vault at Fort Knox and, along with a few other politicians, surveyed the site. And the problem goes far beyond missing audit reports. If Ft. Knox Isn't Empty | Gary North -- Specific Answers At the hearing Thorson presented exhibits to support his case 100 % of the gold held at the US Mint has been audited. FORT KNOX MINE ICMC SUMMARY AUDIT REPORT . On September 24, 1974, a special settlement (audit) is scheduled to begin and at its conclusion a report on the audit will be issued. Gold all there when Ft. Knox opened doors - Numismatic News The Fort Knox facilitys reputation is thanks to its world-renowned system of security measures, from countless cameras to U.S. Mint Police guards, military helicopters, land mines, fences of barbed and electric wire, and a virtually impregnable vault door. Fort . There was nothing left to do but submit a Freedom Of Information Act (FOIA) request. *Its likely 97 % of the audited gold by the continuing audits committee has not been assayed by an independent assayer. The Eisenhower Administration Conducted The Last Audit Of Fort Knox In 1953, the US Treasury Department audited Fort Knox, but only around 5% of the gold underwent testing for purity. 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. Are you already an expert in everything America? Exhibit 1. Where's The Gold! ? Is Fort Knox Empty? - common-sense-in-america.com 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. A Fort Knox physical gold audit in 1953 was anything but full, neither was the famous audit in 1974. The U.S. gold reserves at Fort Knox are broken into different numbered compartments within the gold vault. Exhibit 2. 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. 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. 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. Fort Knox DPW team completes large audit ahead of deadline in support 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. Talkers Medals, Military Alaska, USA . At this stage I havent been able to get my hands on any assay report from 1974 1986. Bevin, who said he collected coins as a child, compared it to 'seeing a leprechaun on a unicorn. 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. Plus, US Mint Police remain a constant presence, and preside over the grounds from four machine gun towers placed around the perimeter. 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. Then let's raise a glass to a slower, quieter 2022 . (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 . The last time anyone had access to inspect the deposits was on September 23, 1974. . It's going on right now as I say these words. It seems these 6 reports (5 documents) are the only ones currently in existence and the remaining 7 have mysteriously disappeared. In my previous post, from March 2018, on the audits of US official gold reserves, I have exposed that during the audit procedures of the US official gold reserves from 1974 through 2008, repeatedly audit staff deviated from the auditing . Despite continued inquiries, the US Mint refuses to offer up proof of the exact amount of gold held at Fort Knox. 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. More than half of . 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. Let me show you an example of Fort Knox. Did audit reveal missing gold . The US official gold reserves are the worlds greatest by far at 8,134 metric tonnes. What's really inside Fort Knox? The golden secrets of the US Bullion Fort Knox is Probably Empty, Gold Missing - Stillness in the Storm The Treasury document says it would cost about $15 million to conduct an audit. In addition, the committee will include technicians from the Bureau of the Mint who are trained in assaying and weighing gold bullion. The auditors from the Treasury will be drawn from the Office of the Secretary, the Bureau of Government Financial Operations, the U.S. Customs Service, and the Bureau of the Mint. Then, the official response from the offline department to my request I received on May 13 as a PDF attachment (click here to view) oddly enough itsdated March 25, 2015 but not sent to me at thetime. Should America's Gold Reserves Be Audited? - Sound Money Defense . Not that it would be easy to even make it this far, but the door to the vault is made of steel and . 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). Moving on to the assay tests conducted at the US Mint. 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. Several more examples of these blurry situations are shown in the released documents. US Mint Provided Fort Knox Gold Audit Documents!! Metal Coins, back to US Official Gold Reserves Auditor Caught Lying - Substack 1126, San Diego, CA, 92128, USA . His advice to me was to try at the General Accounting Office (GAO) and National Archives for more reports. *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. 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. However, in some instances, the rationale for moving gold from one compartment to another proved elusive. Its glittering gold . Next, we can see Thorsons list he presented of physical gold audit reports of the continuingaudit program from 1974 to 1986. Did The Dutch Central Bank Lie About Its Gold Bar List? Thats everything we have, or are aware of. During this operations, the melt numbers and the number of bars in each melt are verified with an inventory listing, and one in fifty melts is randomly selected for weighing and test assay. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. 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. Submitted to: . How can the IG be positive if he did not have access to the most basic documentation? Us, ALL Your request was received in this office on March 3, 2015 and assigned FOIA case number RD 45578. 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. Coins, American ALL COIN PROGRAMS, National Purple Heart Hall of This is basically an affirmation that the bullion was up to snuff at the last audit, and has been sealed since. His visit was the one and only time a gold vault was opened for inspection for anyone other than authorized personnel. 'It's not even the annual funding level for some of our large departments in the federal government,' he said. Weve barely come across any independent auditor that saw, counted, weighed or assayed the US official gold reserves. 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! Secretary of the Treasury Steven Mnuchin visited Fort Knox on August 21. 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. In addition to facilities in West Point and Denver, the Fort Knox facilityknown as the U.S. Bullion Depositorystands out for its reputation as an impenetrable fortress. : 201217896Z US Government Lost 7 Fort Knox Gold Audit Reports Republican frontrunner Donald Trump hinted at the idea that there just might be no gold in the U.S. Tiger Woods unleashes his lawyers on porn site after it Bannon is 'going to war' against Jared, 'crying Ivanka' and A whole hue world! This would last until 2010 when the Armor School was relocated to Fort Benning, Georgia. Vault: Rare look inside gold vault at Fort Knox - WCPO Scales at the Mint used to weigh the bars often didnt work properly. 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. 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). Next was the GAO; unfortunately they couldnt deliver anything I was looking for. Coin The controversial 'trauma expert' interviewing Prince Harry: Gabor Mat was warned by the Canadian A big Beckham birthday! Coins, Tours & Official joint seal number 932 put in place on September 2, 1982, under the continuing audits of U.S.-owned goldstored at the Mint. . From the 1985 report: According to some sources, this is where most of the other Treasury's gold is located. PBOC Gold Purchases: Separating Facts from Speculation. Kooss analysis of the procedures used found its rigor wanting in several key areas. 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. Lets recap what weve studied in the previous posts. Theoretically, if the seal hasnt been tampered with, this is as good as verifying the metals themselves. The US Treasury currently owns 8,134 tonnes of gold of which 7,716 tonnes is stored by the US Mint (4,583 tonnes at Fort Knox, 1,364 tonnes in Denver, 1,682 at West Point) and 418 tonnes at the Federal Reserve Bank Of New York. The reports were not present at the National Archives, the OIG or at the Treasury Department. 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. A congressional delegation and some journalists got a look at the gold in 1974. An excuse was needed to break the seals. Fort Knox U.S. Gold Reserves to be Independently Audited and Assayed Inspection of Gold at Fort Knox | U.S. Mint - United States Mint 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). Buy for Vault Storage in New Zealand There Is Gold in Fort Knox | Newsmax.com While this sum is unreasonable, a crowdfunding campaign donated the total in less than 24 hours (strangely enough, the Mint never actually cashed Kooss check, and nearly all of the money was eventually refunded.). 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. New York man wears glasses that help him Isabel Oakeshott receives 'menacing' message from Matt Hancock, Ken Bruce: 'I always wanted to be a radio presenter from about 15', Pavement where disabled woman gestured at cyclist before fatal crash, Pro-Ukrainian drone lands on Russian spy planes exposing location, 'Buster is next!' As the last days tick away, let's take a moment to recap the top 12 stories at Fort Knox that shaped our 2021. 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. Jansen is a longtime gold insider and journalist reporting on, for example, the goings-on of the incipient Shanghai Gold Exchange (SGE). 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. Fort Knox facts. And being surrounded by more than $186 billion worth of gold was no sweat for one of the country's most powerful politicians. The gold stored in these compartments would get moved around if samples were taken for assaying during the audit. *In 1974 the New York assay office tested 95 bars. Thank you for signing up with United States Mint! Kinross Gold Corporation's Fort Knox Mine Achieves Fifth Certification

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