Thats 6 down, 7 more to go. The Fort Knox facility was opened within the year, and took its first shipment of gold in 1937. Instead, I was advised to contact the Treasury. ALL COIN PROGRAMS, National Purple Heart Hall of Coins, Precious US Government Lost 7 Fort Knox Gold Audit Reports Domestic and International Shipping from Singapore More false statements by the auditor have appeared, further eroding its credibility. The US government wished to open the vaults of audited gold to lease or sell the metal on the open market. Even then only 5% of the examined bullion was weighed and assayed to determine its purity. Each and every bar there should be assayed in a full, independent audit. Bags, & Boxes, Code 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. Answer (1 of 2): Internally, it is done annually. Given all the protection, it seems obvious that billions of dollars worth of gold (or something) indeed resides at Fort Knox. The last time Fort Knox had opened its vault to civilians was more than 40 years earlier. Schultz from the New York Fed was part of the continuing audits committee and therefor the FRBNY was supposed to be audited. Ideas, Gifts for Not only were Kooss requests met with a reluctant response from government officials, but the mint claimed it would have to spend countless labor hours searching through dozens of boxes for hundreds of pages that might be what Koos was looking for: the annual gold audit records that were carried out between 1993 and 2008. 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. Buy for Vault Storage in the United States 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. Fort Knox U.S. Gold Reserves to be Independently Audited and Assayed Fort Knox is Probably Empty, Gold Missing - Stillness in the Storm Bureau of Government Financial Operations [BGFO]. In addition, the committee will include technicians from the Bureau of the Mint who are trained in assaying and weighing gold bullion. "good delivery" bricks of gold found gutted and filled with tungsten within the confines of LBMA approved vaults in Hong Kong. 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. Based on glaring conflicts among the Treasury's own documents, this staggering amount of gold disappeared without a trace from 1961 to 1971. . Is the Coin Market Sleeping on Fairmont Collection Gold Coins? Jansen found instances in which the Treasurys auditors failed to follow the governments own procedures for the auditing process. The official story from OIG is that 100 % of the gold stored at Fort Knox was audited in between 1974 and 1986, . . The New Year kicked off . 211 votes, 25 comments. At its peak, 649.6 million ounces were stored at Fort Knox on December 31, 1941. Review of US Bullion Depository (Fort Knox) gold audits - plenty of "Glad the gold is safe!". Need Help? Sets, Commemorative Koos takes a sharp jab at how the government bureaucracy operates, inveighing (with cause) that it should be clear that the Deep Storage gold has not been audited by professionals, but the precious metals have been verified by imbeciles.. There Is Gold in Fort Knox | Newsmax.com He ought to have known precisely how many pages were needed and presumably where to find them. Find out what Uber drivers really think of you! 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). Prince Andrew chuckles as he encounters female jogger on way to his weekly Windsor horse-riding trip. McConnell said he had never thought about visiting Fort Knox before, but jumped at the chance when Mnuchin offered to take him. 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. The gold vault at Fort Knox is "encased in 16,000 cubic feet of granite and 4,200 cubic yards of cement." From the 1985 report: So, what's really inside Fort Knox? 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. 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. According to the reports available to us,in 1985 the committee had to conclude the gold at the FRBNY was never audited! The First Critical Observations", February 2017. Facilities, Production fort knox crisis phone numbers. You may consider submitting a FOIA request directly to the Treasury Department. US Army Cadet Command Headquarters | Military Base Guide teaching assistant pay netmums; when was the last time fort knox was audited. And we attempted to contact a records management officer at the Treasury Department, but did not receive a reply as of the date of this letter. Mint Medals, Shop All Paper In the excel sheet with the bar list of gold stored by the US Mint, published a few years ago, we can see nearly all the gold is low purity roughly 90 % pure very little was 9999 fine. I did read one time that the queen of England a. Matt Bevin. Revealed: The top 10 fastest-growing destinations for UK pensioners retiring overseas. The Mint estimated that as much as one-third of the gold reserves were examined during this period. This fits right into how the US government imposes audits on their official gold reserves; the audits are performed by the US government itself. It saves time and labor costs. US Mint Releases New Fort Knox "Audit Documentation". The First 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). In the meantime I will fire several new FOIAs at the Office of the Inspector General and others. To date,only one US president has been inside the vault - Franklin Delano Roosevelt, who served as president when the US Bullion Depositorywithin Fort Knoxwas established. Buy for Vault Storage in New Zealand 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 . More anomalies with regard to the audits of the US official gold reserves will be discussed in forthcoming posts. Gold verification at Fort Knox March 1998, page 2. About 000% of them were weighed. At Fort Knox, we are about people - great service members, outstanding civilians . Fort Knox Looted of 7,000 Tons of Gold in 1973-1974 says 1981 Article! The first screen shots below are from a gold verification at Fort Knox in March 1998. 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. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. 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. 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. Exhibit 7.3. The Fort Knox Gold was last audited in the 1950s. 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Knox Isn't Empty | Gary North -- Specific Answers Test yourself with this Cockney Rhyming Slang quiz. I shall rest here. ', 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. Kate and Prince William 'are keen' for Prince George to have official role in King Charles' coronation - but Royally hard work! Each gold bar is 7 inches x 3 and 5/8 inches x 1 and 3/4 . 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. 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. In October 1984, 4,136,046.924 fine ounces gold was reaudited. Fort Knox facts. In August 2017, US Treasury Secretary Steve Mnuchinvisited the gold vault at Fort Knox and, along with a few other politicians, surveyed the site.