By using our website, you accept that cookies are used. However, a Freedom Of Information Act request Ive submitted in order to obtain all audit reports could not be honored. In the meantime I will fire several new FOIAs at the Office of the Inspector General and others. The One "Audit" Of Fort Knox. . The Fort Knox facilitys reputation is thanks to its world-renowned system of security measures, from countless cameras to U.S. Mint Police guards, military helicopters, land mines, fences of barbed and electric wire, and a virtually impregnable vault door. From 1993 to 2008 the remaining 3 % of the gold reserves stored at the US Mint hasbeen audited I assume. PBOC Gold Purchases: Separating Facts from Speculation. My FOIA request had disappeared, or did it? Government-owned Gold, or my office, and placed under official joint seals. 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). The Counsel to the Inspector General Department of the Treasury told me his department only had 4 of the 13 reports I was looking for. When I logged in at my account at the FOIA website, I saw my request had disappeared. Gold at Fort Knox? Donald Trump Doesn't Think So | Kitco News Upload by MysteryManagement Fort Knox and the gold dipped tungsten bars - Michael Rivero showAre the gold bars in Fort Knox really made of the precious metal. 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?' Ron Paul wants gold at Fort Knox audited - Jun. 24, 2011 - CNNMoney Thats 6 down, 7 more to go. And there is more, a lot more. 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 an interview, McConnell said he could not say much about the visit for security reasons. Koos mainly provides unique insights about Chinese gold market. U.S. Congressman Seeks Full Audit of America's Gold Reserves - Yahoo!Should America's Gold Reserves Be Audited? - Sound Money Defense Shortly after I got an email that statedmy request had been received and was being processed. Fort Knox is used to store a large portion of United States official gold reserves and occasionally other precious . . Day trip: Steve Mnuchin and his wife Louise Linton touched down in Kentucky earlier on Monday prior to the Treasury Secretary's tour of Fort Knox. Kate and Prince William 'are keen' for Prince George to have official role in King Charles' coronation - but Royally hard work! 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 . Tiger Woods unleashes his lawyers on porn site after it Bannon is 'going to war' against Jared, 'crying Ivanka' and A whole hue world! 3. And being surrounded by more than $186 billion worth of gold was no sweat for one of the country's most powerful politicians. Next, we can see Thorsons list he presented of physical gold audit reports of the continuingaudit program from 1974 to 1986. 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. Government-owned gold for which Treasury is accountable. For instance, sample sizes used for assaying were conspicuously small. Government-owned Goldare not in our collection." The next screen shot is from the reply by the FOIA help desk on May 6, 2015. Coins, American These could be better understood, or clarified, if we could obtain all audit reports from 1974 1986. 312 tonnes of the total is 4 %. He ought to have known precisely how many pages were needed and presumably where to find them. Koos Jansen is a precious metal analyst from the Netherlands. Fort Knox, Kentucky is an Army base with more than one hundred thousand acres stretching across three counties. The usage of cookies and the collection of customer information by BullionStar is guided by our. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. Meanwhile I was fortunate to find the 1981 audit report at the website The Golden Sextant fromReg Howe. This would last until 2010 when the Armor School was relocated to Fort Benning, Georgia. However, as Ive written in my post Where Did The Gold In Fort Knox Come From? 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. Despite the fact that a 1953 Fort Knox audit found that 1977% of bullion tested was out of , in 2, we went to 1998% verified ingots. Answer (1 of 2): Who knows but it is rumored that the majority of the gold in Fort Knox no longer exists! US Mint Releases New Fort Knox "Audit Documentation". The First 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. 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! Welcome to the Coronation! . Why havent we ever seen any assays of coin bars? Pursuant to that order, the Committee for Continuing Audit of the U.S. Koos Jansen. 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. The assay tests found no irregularities. Bureau of Government Financial Operations [BGFO]. 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. 35 % first buy in bonus! Is the Coin Market Sleeping on Fairmont Collection Gold Coins? The auditors from the Treasury will be drawn from the Office of the Secretary, the Bureau of Government Financial Operations, the U.S. Customs Service, and the Bureau of the Mint. Try Army A-Z . Exhibit 2. U.S. Government Gold Reserve Auditor Deceptions 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). Gold Reserve Transparency Act would count all the gold held by - Medium Talkers Medals, Military 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. *Its likely 97 % of the audited gold by the continuing audits committee has not been assayed by an independent assayer. Schultz from the New York Fed was part of the continuing audits committee and therefor the FRBNY was supposed to be audited. What his dogged FOIA requests have failed to reveal, unfortunately, is anything that would put the questions about the Fort Knox gold to rest. 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. Fort Knox: "Glad Gold Is Safe!" - Miles Franklin Lets read more about the audits at the FRBNY conducted under the continuing audits program, a quote from the 1981 report: The audit procedures followed [at the FRBNY] are essentially the same as those followed at Bureau of the Mint depositories, except that assay samples are not taken to verify the purity of the gold. In 2008, presidential candidate Ron Paul unsuccessfully called for an audit of the US Federal Reserve and Fort Knox,but his skepticism echoed that of other conspiracy theorists. 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. 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 In August 2017, US Treasury Secretary Steve Mnuchinvisited the gold vault at Fort Knox and, along with a few other politicians, surveyed the site. Protected by a 109,000-acre U.S. Army post in Kentucky sits one of the Federal Reserve's most secure assets and its only gold depository: the 73-year-old Fort Knox vault. During this operations, the melt numbers and the number of bars in each melt are verified with an inventory listing, and one in fifty melts is randomly selected for weighing and test assay. Prince Andrew chuckles as he encounters female jogger on way to his weekly Windsor horse-riding trip. *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. Facilities, Production Internal Review & Audit Compliance :: U.S. Army Fort Knox: Gold Not that it would be easy to even make it this far, but the door to the vault is made of steel and . At its peak, 649.6 million ounces were stored at Fort Knox on December 31, 1941. (Back to top) CIVILIAN TIME MILITARY TIME CIVILIAN TIME MILITARY TIME 12:01 AM 0001 5:00 PM 1700 (Seventeen hundred) 5:00 AM 0500 10:00 PM 2200 10:00 AM 1000 (Ten hundred) 11:30 PM 2330 12:00 PM (Noon) 1200 12:00 AM . 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. One of last year's uproars was the decision by US officials to carry out an audit of these gold vaults. Fort Knox Internal Review and Audit Compliance. The last time anyone had access to inspect the deposits was on September 23, 1974. . Buffalo Coins, American Eagle & Sales Figures. Between July 1983 and July 1985 the gold was audited in accordance with the plan approved by the Treasurer, as follows. In June 1975, the Treasury Secretary authorized and directed a continuing audit of U.S. The Fort Knox Mine was initially certified in full compliance with the Cyanide Code in February 2008 and was recertified in September 2011, in February 2015, and in August 2018.