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

I can say that without any hesitation, because I have observed the gold and the security of the gold reserves myself. . Coin 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. While the order is not very detailed, in the years that followed the committee started auditing gold stored at the US Mint and at the Federal Reserve Bank of New York (FRBNY). Secretary of the Treasury Steven Mnuchin visited Fort Knox on August 21. 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. Of course,strange things have been stored in the vault, like morphine and opiumduring the early '90s. 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. More than half of . 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. 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. 4. In 1974, WCPO Anchor Al Schottelkotte got a rare look inside the gold vault at Fort Knox, Kentucky. Until 1953, there were serial number audits of the gold and some assaying as I explain but that became costly and time intensive. Each and every bar there should be assayed in a full, independent audit. 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. FORT KNOX MINE ICMC SUMMARY AUDIT REPORT . Click on the links for more information:Buy for Vault Storage in Singapore Gold all there when Ft. Knox opened doors - Numismatic News He said this, but there is no proof. Few people have ever entered the vault,and while147.3 million ounces of goldallegedly exists inside, the accuracy remains in doubt. 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). It was obvious that some of the records were missing (or not provided). Government-owned Gold" for the years 1975, 1976, 1978, 1979, and 1981-1984. Inspection of Gold at Fort Knox | U.S. Mint - United States Mint 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. 'It's not even the annual funding level for some of our large departments in the federal government,' he said. In 2011 it was portrayed as if KPMG currently is the third party auditor (next to the owner and custodian), but this is not true. Circulating One wonders: was this a simple oversight or some kind of conscious obfuscation effort? Although gold bars tested to be out of tolerance during a Fort Knox audit in 1977 at a sample size of 2 %, by 1998 the sample size had been further debased to 0.53 %. It was also the first visit by a serving US Treasury Secretary since 1948. ByI forget which date it was, I believe by 1986, wehold on just one second here, I got it. Who was the last person to actually see the gold in Fort Knox? 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 . American $1 Coins, SHOP Fort Knox Is So Mysterious And Heavily Guarded, Only One US President 4,243 bars were relocated from vault Jcompartment 19, to vault J compartment 2, at the Denver depository. 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. In performing the audit, the gold bars are physically moved from one vault compartment to another. 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No outside experts were allowed on the site for the audit, either, providing fodder for all kinds of conspiracy theorists. walked past guards armed with submachine guns and through a 3-foot thick steel door into the . I am glad to report that everything at the depository looked to be secure and in order. 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. PDF Fort Knox, Kentucky - United States Army Paul has introduced legislation that would require an independent audit of the 5,000 plus tons of gold bullion that is believed to stored in the Fort Knox, Kentucky vault. PDF AUDIT REPORT - BullionStar 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. The usage of cookies and the collection of customer information by BullionStar is guided by our. No outside experts were allowed on the site for the audit, either,providingfodder for all kinds of conspiracy theorists. From the 1985 report: . The last time Fort Knox was audited was in 1953, immediately after President Eisenhower was inaugurated. On February 25, 2015, I submitted a FOIA request in orderto obtain the audit reports drafted by the Continuing Audits Of U.S.-Owned Goldcommittee in 1975, 1976, 1978, 1979, 1982, 1983 and 1984. U.S. Army Cadet Command Headquarters is located inside the Fort Knox installation which is located roughly 35 miles south of Louisville, Kentucky. Fort Knox, major U.S. military reservation in Meade, Hardin, and Bullitt counties, northern Kentucky, U.S. This is basically an affirmation that the bullion was up to snuff at the last audit, and has been sealed since. 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! Not that it would be easy to even make it this far, but the door to the vault is made of steel and . 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). 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. And being surrounded by more than $186 billion worth of gold was no sweat for one of the country's most powerful politicians. . 35+ Mind Blowing Fort Knox Facts How Many Did You Know Save my name, email, and website in this browser for the next time I comment. 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. Secretary Mnuchin's statements were not helpful. In August 2017, US Treasury Secretary Steve Mnuchinvisited the gold vault at Fort Knox and, along with a few other politicians, surveyed the site. Fort . 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. Here is a rundown of some of Kooss key findings. 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. 2021 what a year, Fort Knox! | Article | The United States Army By using our website, you accept that cookies are used. 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. 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. Vault: Rare look inside gold vault at Fort Knox - WCPO But theories exist regarding other possiblecontents of the vault -like the body of Jimmy Hoffa. 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.). Metal Coins, back to In October 1984, 4,136,046.924 fine ounces gold was reaudited. and until 2010, every member of . Buy, ship and store bullion with BullionStar in/from different countries. It lies 30 miles (48 km) southwest of Louisville and occupies an area of 172 square miles (445 square km). In addition to the gold bricks, Bevin said he got to hold a 1933 double eagle, a $20 gold coin that was never circulated. Two tetrahedron-shaped chips were removed form the top and bottom of each bar assayed. 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. *In 1977, presumably, one bar in every fiftieth melt (one melt is approximately 20 bars) was assayed, irregularities were found in two melts, the vault had to be opened twice more in the presence of the Joint Sealing Committee and the gold reevaluated. Page Last Modified: 8/26/19, 2:56 PM Fort Knox, KY. Our Nation's Gold Standard Army Home. Shipping within New Zealand. By Jennifer Liberto @ CNNMoney June 24, 2011: 11:58 AM ET. 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." Ron Paul introduced a bill that would require the Fed to manually audit every U.S.-owned gold . He ought to have known precisely how many pages were needed and presumably where to find them. Beginning in 1974, the auditors of the U.S. government's gold reserves held at Fort Knox, Ky., and at the U.S. Mint facilities in Denver, Colo., and West Point, N.Y. (which was named the West Point Bullion Depository from its opening in 1937 until it gained status as an official Mint in 1988), started a 10-year program to verify 100 percent of the gold reserves. I personally believe that rumor and the bulk of it has been sold off to the rich elites. Approximately half the U.S. Treasury's gold is located in the storage facility at Fort Knox 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. U.S. Government Lost 7 Fort Knox Gold Audit Reports No irregularities were found. McConnell said he had never thought about visiting Fort Knox before, but jumped at the chance when Mnuchin offered to take him. I decided to send an email to the FOIA online Help Desk to ask what happened to my request. If we carefully read the scarce audit reports available to us, wenotice the audit procedures were revised in 1983. ALL COIN PROGRAMS, National Purple Heart Hall of The Armored Force School and the Armored Force Replacement Center began operations at Fort Knox in October 1940. Fort Knox Gold: Once upon a time, the Fort Knox Bullion Depository was a vast storehouse for American gold. The last time anyone had access to inspect the deposits was on September 23, 1974. . In an interview, McConnell said he could not say much about the visit for security reasons. We asked the experts - and their answers will terrify you Public Service Announcement, do NOT watch these ads! Thats everything we have, or are aware of. Fort Knox Gold - History of Fort Knox | BullionByPost