there has not been anyone allowed access to confirm the gold amounts that are supposedly stored at the Fort. 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). Revealed: The top 10 fastest-growing destinations for UK pensioners retiring overseas. The audit will be performed by a committee of auditors from the U.S. General Accounting Office (GAO) and the Department of the Treasury. Government-owned gold for which Treasury is accountable. When thinking about these re-audits, threescenarios pop to mind: Why else wouldso much gold have been re-audited? But theories exist regarding other possiblecontents of the vault -like the body of Jimmy Hoffa. Treasury Secretary William E. Simon issued the invitation to Congressmen to inspect the gold at Fort Knox. Your browser is out of date. Moving on to the assay tests conducted at the US Mint. Government-owned Gold" for the years 1975, 1976, 1978, 1979, and 1981-1984. In 1953, the US Treasury Department audited Fort Knox, but only around5% of the goldunderwent testingfor purity. The last Congressional visit prior to this occurredin 1974. Each and every bar there should be assayed in a full, independent audit. In an interview, McConnell said he could not say much about the visit for security reasons. A waiting list may be . The event, Sept. 23, 1974, is often inaccurately called the last audit of Fort Knox. 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. 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. Government-owned Gold performed annual audits of Treasurys gold reserves from 1975 to 1986, placing all inventoried gold that it observed and tested under an official joint seal. Manyquestion the amount of gold that supposedly exists in the vault,and wonder what else hides within the building'swalls. 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. Every year the gold in Fort Knox is audited by checking the official joint seals that were placed on all vault compartments during the continuing audits of U.S.-owned gold from 1974 until 1986, when allegedly 97 % of the (Deep Storage) gold was inspected. Exhibit 1. 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. On September 24, 1974, a special settlement (audit) is scheduled to begin and at its conclusion a report on the audit will be issued. Ledoux & Company found no irregularities in 2004. Try Army A-Z. Medals, Treasury and 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. Do you think it would be worthwhile, at least, to inventory and assay this portion of the Mint-held gold? 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. 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. 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. According to the reports available to us,in 1985 the committee had to conclude the gold at the FRBNY was never audited! Two tetrahedron-shaped chips were removed form the top and bottom of each bar assayed. We asked the experts - and their answers will terrify you Public Service Announcement, do NOT watch these ads! Kinross - Fort Knox Mine April 22nd, 2021 Signature of Lead Auditor Page 2 of 47 . Facilities, Production 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. The Fort Knox Gold was last audited in the 1950s. Matt Bevin. In 1953, the US Treasury Department audited Fort Knox, but only around 5% of the gold underwent testing for purity. Between 1933 and 1937, this increased . *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. 213K subscribers in the Wallstreetsilver community. Metal Coins, back to previous, back to You can change the usage of cookies in your browser. After writing it Ive been trying to collect all audit reports dating from1974 1986. 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. More than half of . www.smartaccess.us . 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. Shipping within New Zealand. Text Alerts, Contact Currently the Office Inspector General of the Treasury is responsible for the audits of the gold reserves at the US Mint. Alaska, USA . July 1986 12,477,777.638 [this number Icopied from the 1986 report]. Bureau of Government Financial Operations [BGFO]. One wonders: was this a simple oversight or some kind of conscious obfuscation effort? Coin bars are assaying 899 to 901 per mille or 915 1/2 to 917 per mille,roughly 90 % pure, and these types of bars allegedly form the bulk of the US official gold reserves. Welcome to the Coronation! Save my name, email, and website in this browser for the next time I comment. Ive found many anomalies that well discuss. The fact that 7 audit reports that should grant the existence of these reserves appear to be missing is problematic. Donate here, Idaho House Votes to Authorize State Gold & Silver Holdings, 34 Wyoming House Members Thumb Their Noses at Sound Money, Catch-22: Rate Hikes May Fuel Even MORE Inflationary Deficit Spending, Vermont Seeks to Become 44th State to Roll Back Sales Tax on Sound Money, Mississippi Legislature Votes Overwhelmingly to End Sales Taxes on Gold and Silver, VIDEO: President of Money Metals Exchange Joins Gold Standard Podcast to Discuss Sound Money Legislation, Iowa Seeks to End Capital Gains Taxes on Gold and Silver, Mississippi Bill Would End All Taxes on, Invest State Funds in, Gold & Silver, Kentucky Lawmakers Aim to End Sales Taxes on Sound Money, Missouri Senate Votes to End Income Taxes on Gold and Silver, Hold Monetary Metals in Reserve, Legislators Seek Repeal of Wisconsins Controversial Sales Tax on Gold and Silver. 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. It lies 30 miles (48 km) southwest of Louisville and occupies an area of 172 square miles (445 square km). In performing the audit, the gold bars are physically moved from one vault compartment to another. Maybe a room or two full of gold but the rest is gone. 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. For the best and most secure experience in our catalog, please update your browser. di Sets, Commemorative FORT KNOX MINE ICMC SUMMARY AUDIT REPORT . It basically coveredby 1986, 97 percent of the Government-owned gold held by the Mint had been audited and placed under joint seal. According to the excel sheet the US Mint stores 312 tonnes in 9999 fine gold, spread over 3 depositories; Fort Knox 15 tonnes, Denver 100 tonnes, West Point 197 tonnes. This document also contains a summary of the 1980 audit which, by the way, isnt less detailed than the full 1981 report. 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. At its peak, 649.6 million ounces were stored at Fort Knox on December 31, 1941. The First Critical Observations", February 2017. Rep. Ron Paul (R-Texas) said he plans to introduce legislation next year to force an audit of U.S. holdings of gold. *Its likely 97 % of the audited gold by the continuing audits committee has not been assayed by an independent assayer. President Reagan last spring demanding that this be looked into immediately. The other two-thirds, however, have not been inventoriedthat is according to my understandingor assayed since somewhere between 1975 and 1986. 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. . When the mint finally produced the audit documentation, Jansen received 134 lightly redacted pages (rather than the estimated total of 1,200 pages). He said this, but there is no proof. Based on glaring conflicts among the Treasury's own documents, this staggering amount of gold disappeared without a trace from 1961 to 1971. . Fort Knox is used to store a large portion of United States official gold reserves and occasionally other precious . random nose bleed covid. One of the mostsecure andinaccessible places in the world, the facility once held the Declaration of Independence and Bill of Rights. In 1974, WCPO Anchor Al Schottelkotte got a rare look inside the gold vault at Fort Knox, Kentucky. They wrote me by email: Mr. Nieuwenhuijs our Office of Audit found: as well as GAOs 1974/1975 and 1978 reports. initial 1974 Fort Knox audit which was conducted by GAO and Treasury auditors. All your favorite.50 games all in one club! 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. Did audit reveal missing gold . 97 percent of the gold was checked and sealed in an audit that ended in 1986, and annual partial audits by a third-party accounting firm continued after that, he said. He tweeted " Glad gold is safe! He attempted to pinpoint how the Treasury Department verifies that the gold in its vault is both present and real. . Koos Jansen is a precious metal analyst from the Netherlands. 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. Despite continued inquiries, the US Mint refuses to offer up proof of the exact amount of gold held at Fort Knox. As weve seen thus far there are many problems with the official story everything is fine, all the US official gold reserves all audited. The last time anyone had access to inspect the deposits was on September 23, 1974. . If we carefully read the scarce audit reports available to us, wenotice the audit procedures were revised in 1983. All the benefits of simply switching from white to brown - AND how purple, Will El Salvador's new mega-prison turn into a bloodbath? This is remarkable. Even then only 5% of the examined bullion was weighed and assayed to determine its purity. The First Critical Observations. Tiger Woods unleashes his lawyers on porn site after it Bannon is 'going to war' against Jared, 'crying Ivanka' and A whole hue world! The first screen shots below are from a gold verification at Fort Knox in March 1998. Government-owned Gold, or my office, and placed under official joint seals. The US official gold reserves are the worlds greatest by far at 8,134 metric tonnes. Fort Knox is in Romeo (R) time. . It seems these 6 reports (5 documents) are the only ones currently in existence and the remaining 7 have mysteriously disappeared. His analysis has helped fill in the gaps about how much gold is passing into China each year, which is treated tantamount to a state secret by the Peoples Republic. By Patrick A. Heller. After the Congressional inspection, the Bullion Depository will once again be closed to visitors. Then, from 2005 to 2008 the assay tests were conducted by White Sands Missile Range, which is a subsidiary of the US army. 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 official story from OIG is that 100 % of the gold stored at Fort Knox was audited in between 1974 and 1986, . The auditors were bored and decided to re-audit 1,700 tonnes.
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