Gold Reserve Transparency Act would count all the gold held by - Medium Fort Knox U.S. Gold Reserves to be Independently Audited and Assayed 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. Tiger Woods unleashes his lawyers on porn site after it Bannon is 'going to war' against Jared, 'crying Ivanka' and A whole hue world! 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. Welcome to the Coronation! " He told an audience in Louisville, "I assume the gold is still there.". 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. Does The Fort Knox Gold Really Exist? | Gold Eagle Two tetrahedron-shaped chips were removed form the top and bottom of each bar assayed. July 21, 2017 7:24AM. No need to read about these fascinating facts and important events that have shaped the U.S. as we know it today. $800 weekly hand count free roll. 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. Mnuchin's Visit to Fort Knox l JM Bullion My FOIA request had disappeared, or did it? US Mint Releases New Fort Knox "Audit Documentation": First Critical 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. I am glad to report that everything at the depository looked to be secure and in order. The vault can withstand guns, blowtorches, and other incendiary devices. A congressional delegation and some journalists got a look at the gold in 1974. Doubts About America's Official Gold Holdings: The US Gold Reserve In a series of posts well continue to examine all there is to find regarding the audits of US official gold reserves. 312 tonnes of the total is 4 %. At this stage I havent been able to get my hands on any assay report from 1974 1986. Official Joint Seal inspection records from Fort Knox, June 1998 (courtesy of Koos Jansen through Freedom of Information Act). The opinions and forecasts herein are provided solely for informational purposes, and should not be used or construed as an offer, solicitation, or recommendation to buy or sell any product. Fort Knox facts. When will the Beast from the East be at YOUR door? Between 1933 and 1937, this increased . Though the media and members of government were allowed access in 1974 to take pictures, the last actual audit of Fort Knox occurred in 1953 immediately after President Dwight Eisenhower's inauguration. PDF AUDIT REPORT - BullionStar Alaska, USA . Company Registration No. 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. Whos Supplying? Fort Knox: "Glad Gold Is Safe!". 4. Weve focused on the first audits of the gold stored by the US Mint. All the benefits of simply switching from white to brown - AND how purple, Will El Salvador's new mega-prison turn into a bloodbath? We will discuss the remaining 4 audit reports at once, as they are very similar. Fort Knox Looted of 7,000 Tons of Gold in 1973-1974 says 1981 Article! According to official statistics, the United States holds far and away the largest gold reserves of any sovereign nation or supranational institution. Lets recap what weve studied in the previous posts. Government-owned Goldare not in our collection." However, no outside experts were allowed in during the audit, and only about 5% of the gold was actually tested. 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. The auditors were bored and decided to re-audit 1,700 tonnes. HOME; EVENTS; ABOUT; CONTACT; FOR ADULTS; FOR KIDS; accident on 9w marlboro, ny today American $1 Coins, SHOP and until 2010, every member of . Donald Trump Doesn't Think So. 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. Site, Coin Currently the Office Inspector General of the Treasury is responsible for the audits of the gold reserves at the US Mint. 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. 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. As a freebie trip for 4 select political insiders, last Monday's trip to Fort Knox was undoubtedly a memorable one . China Gold Import Jan-Sep 797t. US Mint Releases New Fort Knox "Audit Documentation". The First Fort Knox was thrown open on that Monday afternoon for about 2 hours to some 150 reporters and glad-handing politicians, crowding narrow passageways and elbowing each other for a . Part of the Daily Mail, The Mail on Sunday & Metro Media Group. Manyquestion the amount of gold that supposedly exists in the vault,and wonder what else hides within the building'swalls. Great! The U.S. Government Spent Fort Knox GoldHundreds of Times Ideas, Gifts for Who was the last person to actually see the gold in Fort Knox? He attempted to pinpoint how the Treasury Department verifies that the gold in its vault is both present and real. The First Critical Observations. Kids, Gifts for All the golden coins that were handed in supposedly accumulated to the greatest gold pile on earth. There has not been any movement of inventoried gold since that time. Ron Paul questions whether there's gold at Fort Knox, NY Fed 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. 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! Cookies are also used for the purpose of handling our system and services. All your favorite.50 games all in one club! Join FORT KNOX code Axykp My assumption is, these assays from 2004 2008 are all assays authorized by the OIG from 1993 2008 and therefor cover 3 % of the gold stored at the US Mint. I can say that without any hesitation, because I have observed the gold and the security of the gold reserves myself. Until 1953, there were serial number audits of the gold and some assaying as I explain but that became costly and time intensive. The annual audits by the committee ended in 1986 after 97 per cent of the Government owned gold held by the Mint had been audited and placed under official joint seal. Fort Knox Scandal - Chapter 20 - Bill Still's Monetary Reforum Jun 5th, 2022 . He ought to have known precisely how many pages were needed and presumably where to find them. US Mint Provided Fort Knox Gold Audit Documents!! The door weighs 22 tons and is 21 inches thick, and the roof is bomb proof. In short, this all sounds like the audit process has a number of cracks through which accounting mistakes can easily slip through. Fort Knox DPW team completes large audit ahead of deadline in support Buy, ship and store bullion with BullionStar in/from different countries. The last trial was a "hybrid" SAG, with one cyclopac underflow feeding the . Moving on to the assay tests conducted at the US Mint. Fort Knox Is So Mysterious And Heavily Guarded, Only One US President Gold verification at Fort Knox March 1998, page 2. Gold verification at Fort Knox March 1998, page 1. The assayer is unknown and no assay reports have been included in the audit reports. The missing audit reports and assay reports feed into our skepticism. Because there remains so little information about the contents of the gold vault, a lot of theories crop upregarding what's really inside Fort Knox. Try Army A-Z . Small quantities of gold are removed to test the purity during regularly scheduled audits. "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". I also want to assure you that the physical security over the gold reserves is absolute. . Since there are far too many gold bars to count at once, the audit is carried out piecemeal and only small samples are taken for assaying. In another dubious mix-up, a number of measurements were faulty because the auditors misread where the decimal point was on the scale. Is There Gold in Fort Knox? - CBS News Save my name, email, and website in this browser for the next time I comment. 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. 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. This post is a sequel to A First Glance At US Official Gold Reserves Audits and Second Thoughts On US Official Gold Reserves Audits. Click on the links for more information:Buy for Vault Storage in Singapore 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.). The Mint and the GAO were sanctioned to audit a portion of the Treasury's gold. 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 . The first screen shots below are from a gold verification at Fort Knox in March 1998. 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). It was nothing more than a peek-a-boo glance at the gold in fine Hollywood style. If Ft. Knox Isn't Empty | Gary North -- Specific Answers 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. Train fares will rise by 5.9% TOMORROW - but travellers can still get cheaper tickets if they buy them Why is Britain experiencing so many earthquakes? 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. In performing the audit, the gold bars are physically moved from one vault compartment to another. Presidential Coins, Kennedy Half The public may never know. However, the documents released are incomplete and reveal the audit procedures have not been executed proficiently. 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. Gold verification at Fort Knox March 1998, page 3. How can the IG be positive if he did not have access to the most basic documentation? Coins, American 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?' 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. Then, something very strange happened in 1983. 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. We are no longer accepting comments on this article. 'So many dead. 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. One wonders: was this a simple oversight or some kind of conscious obfuscation effort? Questions: As a result, the gold at the Bank [FRBNY] is considered unaudited. Military/Civilian clock Examples of Civilian/Military time conversion. Visitor Information :: U.S. Army Fort Knox: Gold Standard Army Installation 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. Part One, We use cookies to enhance the user experience and to analyse traffic. . ', 'All I will say is that it is freakishly well secured,' he said. 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. 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). 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.

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