45 New Bridge Road, Singapore 059398 Singapore By gathering information from audit reports from 1974 1986 (the ones I could get my hands on) and statements made at the congressional hearing in 2011 well analyze our way through this. Is Gold in Fort Knox Real? Ron Paul Wants to Know - CNBC Thats 6 down, 7 more to go. It's going on right now as I say these words. U.S. Government Gold Reserve Auditor Deceptions Based on glaring conflicts among the Treasury's own documents, this staggering amount of gold disappeared without a trace from 1961 to 1971. . July 21, 2017 7:24AM. On top of this, a decades worth (1993-2003) of Joint Seal inspections from the Denver and West Point depositories are not accounted for. when was the last time fort knox was audited - hugs.finance Until 1953, there were serial number audits of the gold and some assaying as I explain but that became costly and time intensive. Fort Knox sits on over 100,000 acres and houses 30,000 military personnel. Gold all there when Ft. Knox opened doors - Numismatic News This document also contains a summary of the 1980 audit which, by the way, isnt less detailed than the full 1981 report. More than half of . Equal Employment Opportunity. 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. In total there should be 13 reports (1974 1986), 2 already were in my possession (1974 and 1977). At its peak, 649.6 million ounces were stored at Fort Knox on December 31, 1941. Visitor Information :: U.S. Army Fort Knox: Gold Standard Army Installation Sevenreports are missing. 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. Gold Reserve Transparency Act would count all the gold held by - Medium All your favorite.50 games all in one club! Join FORT KNOX code Axykp A separate post will be dedicated to KPMG. Next was the GAO; unfortunately they couldnt deliver anything I was looking for. Let me show you an example of Fort Knox. Exhibit 7.3. Questions: There Is Gold in Fort Knox | Newsmax.com Lets recap what weve studied in the previous posts. Coins, Precious Bureau of Government Financial Operations [BGFO]. Despite continued inquiries, the US Mint refuses to offer up proof of the exact amount of gold held at Fort Knox. 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. Prince Andrew chuckles as he encounters female jogger on way to his weekly Windsor horse-riding trip. The first screen shots below are from a gold verification at Fort Knox in March 1998. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. Ron Paul - Audit Fort Knox (the gold dipped tungsten bars) I am glad to report that everything at the depository looked to be secure and in order. 1495,not enacted) in 2011 the Inspector General (IG) of the Treasury presented a case all is fine, but all is not fine. 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. Inspection of Gold at Fort Knox | U.S. Mint - United States Mint No outside experts were allowed on the site for the audit, either,providingfodder for all kinds of conspiracy theorists. The audits were conducted in accordance with the revised audit guidelines that required a statistical sample of gold melts within randomly selected compartments at the facilities. Moving on to the assay tests conducted at the US Mint. Much of this newfound gold came into government coffers as a result of President Franklin Roosevelts executive order confiscating privately held gold in 1933. BREAKING: Fort Knox Audit Documentation Finally Released A barrel is worth about $1,200 or $2.88 per pound which is 10-18 times the value of U.S. crude oil. Maybe a room or two full of gold but the rest is gone. In June 1975, the Treasury Secretary authorized and directed a continuing audit of U.S. 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. From the 1985 report: In fiscal year 1985 audits of Government-owned gold were conducted at the United States Mint in Denver and the United States Bullion Depository in Fort Knox, Kentucky. For the first time photographing is being permitted inside the Depository.. Because this is the department currently responsible for the audits I was surprised my request to obtain all audit reports wasnt honored. And there is more, a lot more. 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. previous, back to Medals, Email & Currently the Office Inspector General of the Treasury is responsible for the audits of the gold reserves at the US Mint. Representative Alex Mooney (R . A congressional delegation and some journalists got a look at the gold in 1974. However, a Freedom Of Information Act request Ive submitted in order to obtain all audit reports could not be honored. . His visit was the one and only time a gold vault was opened for inspection for anyone other than authorized personnel. The last trial was a "hybrid" SAG, with one cyclopac underflow feeding the . But theories exist regarding other possiblecontents of the vault -like the body of Jimmy Hoffa. However, no outside experts were allowed in during the audit, and only about 5% of the gold was actually tested. Liberty, Bush I would like to stress the importance of this failure to deliver the audit reports of 97 % of the official US gold reserves by the department directly responsible at this point in time. 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. 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. 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 vaults were last opened to the public in the 1970s, and the last treasury secretary visit was in 1948. . "good delivery" gold bars. 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. It was a magnificent golden sunrise that inspired visions of glory, wealth, and beauty. Donald Trump Doesn't Think So. Kinross - Fort Knox Mine April 22nd, 2021 Signature of Lead Auditor Page 2 of 47 . Test yourself with this Cockney Rhyming Slang quiz. Coins, American Try Army A-Z. In another dubious mix-up, a number of measurements were faulty because the auditors misread where the decimal point was on the scale. What was the last time the gold at Fort Knox was audited? It was also the first visit by a serving US Treasury Secretary since 1948. 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.. Jansen found instances in which the Treasurys auditors failed to follow the governments own procedures for the auditing process. By Everett Millman Gainesville Coins . 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. Gold verification at Fort Knox March 1998, page 2. The assay tests found no irregularities. 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. At Fort Knox, we are about people - great service members, outstanding civilians . 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. Newborns, Gifts Fort Knox gold subject of hearing. 'It would really be quite a movie if we walked in and there was no gold. To access the gold vault at Fort Knox, you'd need to make your way through a network of security measures. Has the Federal Reserve Sold the Gold at Fort Knox? The only audit that has ever been done of the gold inside Ft Knox was done days after Dwight Eisenhower became President in January of 1953. Its glittering gold . 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! Between July 1983 and July 1985 the gold was audited in accordance with the plan approved by the Treasurer, as follows. walked past guards armed with submachine guns and through a 3-foot thick steel door into the . Then, from 2005 to 2008 the assay tests were conducted by White Sands Missile Range, which is a subsidiary of the US army. GAO stands for General Accounting Office, OIG stands for Office of Inspector General. U.S. President Franklin D. Roosevelt passed legislation outlawing private ownership of gold, and gave instruction to build the depository at . . PDF AUDIT REPORT - BullionStar No photographs were allowed, of course. Domestic and International Shipping from Singapore 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. Fort . U.S. Congressman Seeks Full Audit of America's Gold Reserves - Yahoo!

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