Miles Franklin sponsored this article by Gary Christenson.The opinions are his, and they are not investment advice. Tuesday March 22, 2016 13:20. By and large, the vast majority of the verification is done by checking Official Joint Seals. It seems these 6 reports (5 documents) are the only ones currently in existence and the remaining 7 have mysteriously disappeared. The assay tests found no irregularities. fort knox crisis phone numbers. If official documents come to surface I will report accordingly. The target this time is the United States Treasury Assay Office in New York . At the congressional hearing of the Gold Transparency Act (H.R. 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. 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. July 1986 12,477,777.638 [this number Icopied from the 1986 report]. 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. 211 votes, 25 comments. However, in some instances, the rationale for moving gold from one compartment to another proved elusive. The Treasury document says it would cost about $15 million to conduct an audit. Built in 1936, security access for the facility make it difficult to get access. Need Help? Bureau of Government Financial Operations [BGFO]. Mistakes That Created America As You Know It, What It Was Like to Enter Through Ellis Island, Uncivilized Moments on the Congress Floor, Heinous Policies Toward Children and Families, Times Another US Civil Conflict Almost Began, Proposed States and Territories That Almost Were, A History of Foreign Meddling in US Elections, 1812: The Biggest Mess in the Country's History, Fort Knox Is So Mysterious And Heavily Guarded, Only One US President Has Ever Been Inside, video cameras, motion detectors, and secret microphones. "good delivery" bricks of gold found gutted and filled with tungsten within the confines of LBMA approved vaults in Hong Kong. Circulating random nose bleed covid. Instead, I was advised to contact the Treasury. Government-owned Gold" for the years 1975, 1976, 1978, 1979, and 1981-1984. Kate and Prince William 'are keen' for Prince George to have official role in King Charles' coronation - but Royally hard work! For the first time photographing is being permitted inside the Depository.. Meanwhile I was fortunate to find the 1981 audit report at the website The Golden Sextant fromReg Howe. The U.S. gold reserves at Fort Knox are broken into different numbered compartments within the gold vault. New York man wears glasses that help him Isabel Oakeshott receives 'menacing' message from Matt Hancock, Ken Bruce: 'I always wanted to be a radio presenter from about 15', Pavement where disabled woman gestured at cyclist before fatal crash, Pro-Ukrainian drone lands on Russian spy planes exposing location, 'Buster is next!' Fort Knox is in Romeo (R) time. These CDCs offer full-day care, part-day, and hourly care. Revealed: The new '23' number plates the DVLA deems offensive and has banned including EU23 OFF and GO23 HEL, The secret WhatsApp mode that lets you EDIT texts after you've sent them. My FOIA request had disappeared, or did it? McConnell said he had never thought about visiting Fort Knox before, but jumped at the chance when Mnuchin offered to take him. The event, Sept. 23, 1974, is often inaccurately called the last audit of Fort Knox. Moving on to the assay tests conducted at the US Mint. 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 thebullion. Shipping within New Zealand. 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. 213K subscribers in the Wallstreetsilver community. previous, Kids Thats everything we have, or are aware of. The First Critical Observations. Audit report Fort Knox 1981. ( Kitco News) - Although he made this assumption nearly one year ago, the Donald's comments on gold at Fort Knox - or lack thereof - are making the rounds on Twitter again Tuesday. The audit will be performed by a committee of auditors from the U.S. General Accounting Office (GAO) and the Department of the Treasury. 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. In short, the US National Archives could not extradite the 7 audit reports I requested. Kinross - Fort Knox Mine April 22nd, 2021 Signature of Lead Auditor Page 2 of 47 . 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. Tiger Woods unleashes his lawyers on porn site after it Bannon is 'going to war' against Jared, 'crying Ivanka' and A whole hue world! Only one president has ever been inside -and the US Mint remains largely mum on the contents of the vault -making Fort Knox a hotbed for conspiracy theories. China Gold Import Jan-Sep 797t. At the congressional hearing of the Gold Transparency Act in 2011 Inspector General (IG) Eric Thorson stated: Before I discuss the details of the audits that are the topic of this hearing, I want to make one point very clear: 100 percent of the U.S. Governments gold reserves in the custody of the Mint has been inventoried and audited. Conclusion. Exhibit 2. 'It would really be quite a movie if we walked in and there was no gold. In June 1975, the Treasury Secretary authorized and directed a continuing audit of U.S. there has not been anyone allowed access to confirm the gold amounts that are supposedly stored at the Fort. 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. Coincidentally almost all the gold assayed by the OIG from 2004 2008 was 9999 fine. Fort Knox is supposedly filled with 400 oz. As a newcomer to Fort Knox, you are a part of the Gold Standard team that is making the Army's vision a reality. Inside the famed vaults at Fort Knox, Senate Majority Leader Mitch McConnell held a 27-pound gold bar in his hands Monday as part of the first civilian delegation to see most of the country's bullion reserves in more than 40 years. I'm not a professional auditor (if you are one please contact me), but common sense suggests that when irregularities are found the sample size . There Is No Proof All Gold Is In Fort Knox. *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. The auditors were bored and decided to re-audit 1,700 tonnes. It is surrounded by an active U.S. Army fort, guarded by the U.S. Mint Police and protected by layers of security measures, including a blast proof 22-ton door, 16,000 cubic feet of granite, 4,200 cubic yards of concrete, 750 tons of reinforcing steel and 670 . Submitted to: . Fort Knox gold subject of hearing. In total there should be 13 reports (1974 1986), 2 already were in my possession (1974 and 1977). Medals, Treasury and In an interview, McConnell said he could not say much about the visit for security reasons. No irregularities were found. As the last days tick away, let's take a moment to recap the top 12 stories at Fort Knox that shaped our 2021. Us, ALL Do you think it would be worthwhile, at least, to inventory and assay this portion of the Mint-held gold? Weve focused on the first audits of the gold stored by the US Mint. There was nothing left to do but submit a Freedom Of Information Act (FOIA) request. Between 1933 and 1937, this increased . initial 1974 Fort Knox audit which was conducted by GAO and Treasury auditors. From at least 1944 the world reserve currency is the US dollar, which was backed by gold until 1971 and supported by gold ever since. However, if that intruder had turned to the west he would have . It seems that a portion of the Mint and the U.S. gold reserves were audited in an assay between 1993 and 2008, as you acknowledged. In 2011, the U.S. Treasury's full detailed schedules of gold bars were published by the US House Committee on Financial Services as part of submissions for its hearing titled "Investigating the Gol. I personally believe that rumor and the bulk of it has been sold off to the rich elites. It was established in 1918 as Camp Knox (named for Major General Henry Knox, first U.S. secretary of war), and it became a permanent military post in 1932. US Mint Releases New Fort Knox Audit Documentation. In July 1985, 11,912,458.207 fine troy ounces of gold were reaudited at the Fort Knox Depository. The fact that 7 audit reports that should grant the existence of these reserves appear to be missing is problematic. The US government wished to open the vaults of audited gold to lease or sell the metal on the open market. The assayer is unknown and there was no assay report included in the audit report. 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. In 1983 the OIG found out something was amiss with the audits performed 1974 1982. The missing audit reports and assay reports feed into our skepticism. Metal Coins, back to Ultimately, the Mint concluded that Koos would need to pay over $3,000 in order to have the documents gathered and copied. The last time Fort Knox had opened its vault to civilians was more than 40 years earlier. The process would take about 30 minutes to verify the gold content of each bar, or 350,000 man hours; to do that . In another dubious mix-up, a number of measurements were faulty because the auditors misread where the decimal point was on the scale. Are you already an expert in everything America? The first screen shots below are from a gold verification at Fort Knox in March 1998. 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. ', 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. The last time that Congress audited it was 2019. "good delivery" gold bars. 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. Fort Knox Operation . All the benefits of simply switching from white to brown - AND how purple, Will El Salvador's new mega-prison turn into a bloodbath? 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. Fort Knox Internal Review and Audit Compliance. 312 tonnes of the total is 4 %. Republican frontrunner Donald Trump hinted at the idea that there just might be no gold in the U.S. but American gold holdings were reportedly last audited in 1953 (which includes testing for purity); Fort Knox's gold was . 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. The assay tests found no irregularities. Text Alerts, Contact 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). Questions: 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. After writing it Ive been trying to collect all audit reports dating from1974 1986. The controversial 'trauma expert' interviewing Prince Harry: Gabor Mat was warned by the Canadian A big Beckham birthday! No outside experts were allowed on the site for the audit, either,providingfodder for all kinds of conspiracy theorists. China Net Imported 1,300t Of Gold In 2016, Why SGE Withdrawals Equal Chinese Gold Demand And Why Not, Trade in and out of physical gold and silver, BullionStar Perspectives - Rick Rule - Wisdom and Insights from Legendary Mining Investor, Buy for Vault Storage in the United States, Domestic and International Shipping from Singapore, and 1980 summary, released by the GAO 10/1981, the vault had to be opened twice more in the presence of the Joint Sealing Committee and the gold reevaluated, assaying 899 to 901 per mille or 915 1/2 to 917 per mille, Where Did The Gold In Fort Knox Come From? GOLD, RESERVES, REPORT(S), AUDIT, COMMITTEE FOR THE CONTINUING AUDIT, COMMITTEE, INSPECTOR GENERAL, ASSISTANT SECRETARY OF THE TREASURY FOR INTERNATIONAL AFFAIRS, BUREAU OF FISCAL SERVICE, and BUREAU OF GOVERNMENT FINANCIAL OPERATION. I left school at 16 with six GCSEs - and became a self-made millionaire. 'It's not even the annual funding level for some of our large departments in the federal government,' he said. *Its likely 97 % of the audited gold by the continuing audits committee has not been assayed by an independent assayer. Koos Jansen is a precious metal analyst from the Netherlands. 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. There can be no world reserve currency without appropriate gold reserves supporting it, providing essential confidence and credibility. 4,243 bars were relocated from vault Jcompartment 19, to vault J compartment 2, at the Denver depository. Matt Bevin. 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. The public may never know. Published: 22:22 GMT, 21 August 2017 | Updated: 06:57 GMT, 22 August 2017, Honored guests: Treasury Secretary Steve Mnuchin (left) and Senate Majority Leader Mitch McConnell (right) outside the main door to the United States Bullion Depository at Fort Knox on Monday. Coins, American 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. Few people have ever entered the vault,and while147.3 million ounces of goldallegedly exists inside, the accuracy remains in doubt. More than half of . Talkers Medals, Military Coin The One "Audit" Of Fort Knox. You may consider submitting a FOIA request directly to the Treasury Department.