when was the last time fort knox was auditedwhen was the last time fort knox was audited

(in millions of ounces), SIGN UP FOR EMAIL UPDATES AND TEXT MESSAGE ALERTS ABOUT PRODUCTS. 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?' Royal Mint Launches First Coin in Myths and Legends Collection, Numismatic Crime Counterfeit Notes Sold Over Facebook, 1776 Continental Dollar Offered by David Lawrence Rare Coins, Grade This 1936-S Cincinnati Commemorative Silver Half Dollar, First King Charles III Coin From Pobjoy Celebrating the Accession, Dakota 1875 $5 Bank Note in Stacks Bowers Spring Auction. 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 Congressional inspection adheres to the new open door policy of the government announced by President Ford. 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 audit announced, however, would include just 20% of the gold. 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. Buy for Vault Storage in New Zealand U.S. Government Gold Reserve Auditor Deceptions US Government Lost 7 Fort Knox Gold Audit Reports Ive found many anomalies that well discuss. Rep. Paul Calls for Gold Audit, Questions Whether Fort Knox Is Empty After 40 years, Fort Knox opens famed vault to civilians U.S. Treasury Secretary Steven Mnuchin initiated the visit, along with U.S. Rep. Brett Guthrie and Gov. The gold is held as an asset at a value of $42.22 per ounce. Fort Knox Scandal - Chapter 20 - Bill Still's Monetary Reforum The Armored Force School and the Armored Force Replacement Center began operations at Fort Knox in October 1940. Fort Knox Security: The Most Heavily Guarded Place - Reader's Digest US Official Gold Reserves Auditor Caught Lying - Substack One of last year's uproars was the decision by US officials to carry out an audit of these gold vaults. Even then only 5% of the examined bullion was weighed and assayed to determine its purity. 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. Official joint seal number 932 put in place on September 2, 1982, under the continuing audits of U.S.-owned goldstored at the Mint. 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. The assayer is unknown and there was no assay report included in the audit report. 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. 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. Click on the links for more information:Buy for Vault Storage in Singapore At Fort Knox, we are about people - great service members, outstanding civilians . Coin Welcome to the Coronation! The U.S. Government Spent Fort Knox GoldHundreds of Times Official records claimed 20,000 tons in the 1950s. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Telephone: (502) 624-2386. I shall rest here. I would like to stress the importance of this failure to deliver the audit reports of 97 % of the official US gold reserves by the department directly responsible at this point in time. This fits right into how the US government imposes audits on their official gold reserves; the audits are performed by the US government itself. Text Alerts, Contact 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. 15919 Avenida Venusto, Apt. Answer (1 of 2): Internally, it is done annually. The U.S. gold reserves at Fort Knox are broken into different numbered compartments within the gold vault. The OIG audited 3 % from 1993 2008. His visit was the one and only time a gold vault was opened for inspection for anyone other than authorized personnel. 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. The Gold-Backed-Oil-Yuan Futures Contract Myth, Estimated Chinese Gold Reserves Surpass 20,000t. 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. The last time anyone had access to inspect the deposits was on September 23, 1974. . The assay tests found no irregularities. BY . In 1983 the OIG found out something was amiss with the audits performed 1974 1982. Approximately half the U.S. Treasury's gold is located in the storage facility at Fort Knox "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 controversial 'trauma expert' interviewing Prince Harry: Gabor Mat was warned by the Canadian A big Beckham birthday! The door weighs 22 tons and is 21 inches thick, and the roof is bomb proof. In addition, the committee will include technicians from the Bureau of the Mint who are trained in assaying and weighing gold bullion. Share this page: Army.mil. I can say that without any hesitation, because I have observed the gold and the security of the gold reserves myself. For instance, sample sizes used for assaying were conspicuously small. Inspection of Gold at Fort Knox | U.S. Mint - United States Mint 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. On April 28, 1943, President Franklin D. Roosevelt inspected the Bullion Depository, Mrs. Brooks said. No outside experts were allowed on the site for the audit, either, providing fodder for all kinds of conspiracy theorists. For your information, we contacted a librarian at the Treasury Department who informed us that reports from Committee for Continuing Audit of the U.S. Why might the government entrust such inexperienced employees with this important task? 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. 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. U.S. Mint Releases Fort Knox Audit - CoinWeek when was the last time fort knox was audited - hugs.finance If official documents come to surface I will report accordingly. Plus, US Mint Police remain a constant presence, and preside over the grounds from four machine gun towers placed around the perimeter. This is remarkable. noting that it was "over 20 years" since the last one. The gold vault at Fort Knox is "encased in 16,000 cubic feet of granite and 4,200 cubic yards of cement." Although the quality of the gold in the custody of the Federal Reserve Bank of New York cannot be readily assayed,. Ron Paul worries Fort Knox gold is gone. However, a Freedom Of Information Act request Ive submitted in order to obtain all audit reports could not be honored. Gold verification at Fort Knox March 1998, page 2. Former US Mint director Edmund Moy has stated in 2013 US reserves contain mainly coin bars because of the great confiscation in 1933 by President Roosevelt, when US citizens were forced to hand in all physical gold. 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. Is There Really Any Fort Knox Gold - Historic Mysteries . "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. Submitted to: . www.smartaccess.us . 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. Theoretically, if the seal hasnt been tampered with, this is as good as verifying the metals themselves. The reports were not present at the National Archives, the OIG or at the Treasury Department. Interactive map reveals when you may see SNOW. And the last time it was counted was actually in 1953." It was decided to destroy several audit and assay reports and no less than 1,700 tonnes needed to be re-audited. & Facilities, Shop All Kinross - Fort Knox Mine April 22nd, 2021 Signature of Lead Auditor Page 2 of 47 . Select stock location for your desired country in the dropdown to view our inventory available in that country. Liberty, Bush Mnuchin's PR Visit to Fort Knox proves nothing about the - GoldSeek Then, something very strange happened in 1983. Fort Knox Gold: Once upon a time, the Fort Knox Bullion Depository was a vast storehouse for American gold. 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. 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! Experts weigh in as tremors hit Wales, Cornwall and the Are YOU eating the right colours? United States Mint All Rights Reserved. Shipping within the United States The comments below have not been moderated. Phone: +65 6284 4653, Chinas Secret Gold Supplier Is Singapore, Audits Of US Monetary Gold Severely Lack Credibility. Secretary Mnuchin's statements were not helpful. Treasury Secretary William E. Simon issued the invitation to Congressmen to inspect the gold at Fort Knox. 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! 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. In an audit conducted at Fort Knox in 1953, 88 ingots were counted for verification. 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. ALL COIN PROGRAMS, National Purple Heart Hall of Who was the last person to actually see the gold in Fort Knox? However, we were unable to locate records responsive to reports similarly titled or closely related to the subject annual gold audit 1975-1984. Jun 5th, 2022 . The audit will be performed by a committee of auditors from the U.S. General Accounting Office (GAO) and the Department of the Treasury. 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). when was the last time fort knox was audited. 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. There can be no world reserve currency without appropriate gold reserves supporting it, providing essential confidence and credibility. 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. What the Hell is This?: Mnuchin Tweets on Fort Knox Gold U.S. Government Lost 7 Fort Knox Gold Audit Reports 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. How can the IG be positive if he did not have access to the most basic documentation? No outside experts were allowed on the site for the audit, either,providingfodder for all kinds of conspiracy theorists. The First Critical Observations. 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). 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). Over 640,000,000 ounces of real money sat behind those massive locked doors. 213K subscribers in the Wallstreetsilver community. Ron Paul questions whether there's gold at Fort Knox, NY Fed Fort Knox opens famed vault to civilians after 40 years This is basically an affirmation that the bullion was up to snuff at the last audit, and has been sealed since. Weve barely come across any independent auditor that saw, counted, weighed or assayed the US official gold reserves. 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. 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. 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. Moving on to the assay tests conducted at the US Mint. Ledoux & Company found no irregularities in 2004. 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 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. However, how trustworthy is this system of accounting? Bureau of Government Financial Operations [BGFO]. Thats 6 down, 7 more to go. All News, Articles, Commentary and Opinions are contributed by the author(s), with or without compensation, who are solely responsible for the content, and do not represent CoinWeek Management. Do you think it would be worthwhile, at least, to inventory and assay this portion of the Mint-held gold? The New Year kicked off . But theories exist regarding other possiblecontents of the vault -like the body of Jimmy Hoffa. Prince Andrew chuckles as he encounters female jogger on way to his weekly Windsor horse-riding trip. Despite continued inquiries, the US Mint refuses to offer up proof of the exact amount of gold held at Fort Knox. 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 a newcomer to Fort Knox, you are a part of the Gold Standard team that is making the Army's vision a reality. 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. Jansen is a longtime gold insider and journalist reporting on, for example, the goings-on of the incipient Shanghai Gold Exchange (SGE). 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. 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. di Mnuchin's Visit to Fort Knox l JM Bullion 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. Kids, Gifts for 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. 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). 147.4 million fine troy ounces, valued at $6.2 billion, is stored in 13 vault compartments at Fort Knox Bullion Depository. 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. 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. Ron Paul wants gold at Fort Knox audited - Jun. 24, 2011 - CNNMoney
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