Bear in mind that another FOIA request for internal email correspondence relating to the initial inquiries revealed that the official who provided this exaggerated estimate of how difficult the task of producing the documents would be was an auditor himself and among the authors of the documents that Jansen sought in the first place! Equal Employment Opportunity. HOME; EVENTS; ABOUT; CONTACT; FOR ADULTS; FOR KIDS; accident on 9w marlboro, ny today 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. Scales at the Mint used to weigh the bars often didnt work properly. By Everett Millman Gainesville Coins . Find out what Uber drivers really think of you! Because this is the department currently responsible for the audits I was surprised my request to obtain all audit reports wasnt honored. It was a magnificent golden sunrise that inspired visions of glory, wealth, and beauty. 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. More than half of . Liberty, Bush Lets have a look. *In 1974 the New York assay office tested 95 bars. This document also contains a summary of the 1980 audit which, by the way, isnt less detailed than the full 1981 report. At Fort Knox, we are about people - great service members, outstanding civilians . If official documents come to surface I will report accordingly. 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. Ive found many anomalies that well discuss. Fort Knox claims billions of dollars worth of gold are stored away in its secret vault. "We have approximately $200 billion of gold at Fort Knox," said Mnuchin. Site, Coin For the other years we dont know whatoffice performed the checks. 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. In addition to facilities in West Point and Denver, the Fort Knox facilityknown as the U.S. Bullion Depositorystands out for its reputation as an impenetrable fortress. Fort Knox is home to more than 30 commands and organizations with a daytime population of about 26,260 Soldiers, civilian employees and Family members. I did read one time that the queen of England a. The initial intention is clear to us, the FRBNY was supposed to be audited; the gold to be counted, weighed, assayed and the compartments to be sealed (these were the audit procedures of the continuing audits committee). The fact that 7 audit reports that should grant the existence of these reserves appear to be missing is problematic. One wonders: was this a simple oversight or some kind of conscious obfuscation effort? Contact Us. By the end of 1982 the continuing audits committee, which consisted of BGFO and US Mint staff, was reorganized under the Department of the Treasury, Office of the Inspector General. 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. Cleverly located at the intersection of Gold Vault Road and Bullion Boulevard, the bullion depository at Fort Knox was constructed and housing the growing government stock of gold by 1937. Kinross - Fort Knox Mine April 22nd, 2021 Signature of Lead Auditor Page 2 of 47 . He ought to have known precisely how many pages were needed and presumably where to find them. In a series of posts well continue to examine all there is to find regarding the audits of US official gold reserves. In October 1984, 4,136,046.924 fine troy ounces of gold were reaudited at the United States Mint, Denver. 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. Reversal of this policy on a one time only basis came as a result of a series of peculiar events that resulted in a congressional demand for an audit of the bullion depository, and a first-hand viewing of the gold deposited there. In July 1985, 11,912,458.207 fine troy ounces of gold were reaudited at the Fort Knox Depository. All your favorite.50 games all in one club! Revealed: The top 10 fastest-growing destinations for UK pensioners retiring overseas. Connecting thereto, from Thorsons opening statement: My office began conducting annual audits of the gold reserves in Fiscal Year 1993. Fort Knox gold subject of hearing. But theories exist regarding other possiblecontents of the vault -like the body of Jimmy Hoffa. The audit will be performed by a committee of auditors from the U.S. General Accounting Office (GAO) and the Department of the Treasury. in 2004 the assayer was Ledoux & Company, a private contractor (read their homepage). After the gold was audited by the Continuing Audit committee all compartments were placed under Official Joint Seal. 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. ALL COIN PROGRAMS, National Purple Heart Hall of 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). More false statements by the auditor have appeared, further eroding its credibility. We are no longer accepting comments on this article. This is basically an affirmation that the bullion was up to snuff at the last audit, and has been sealed since. I decided to send an email to the FOIA online Help Desk to ask what happened to my request. & Facilities, Shop All 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. The auditors were bored and decided to re-audit 1,700 tonnes. 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 Fort Knox Gold was last audited in the 1950s. Buy for Vault Storage in New Zealand An intruder standing on the roof of the Fort Knox Bullion Depository on the morning of September 11, 2015 would have seen the sunrise in the east. Meanwhile I was fortunate to find the 1981 audit report at the website The Golden Sextant fromReg Howe. Each and every bar there should be assayed in a full, independent audit. Next was the GAO; unfortunately they couldnt deliver anything I was looking for. 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. As required under the Cyanide Code, the mine was again audited against ICMI's Verification Protocol by independent professional third-party auditors within three . Thank you for signing up with United States Mint! . : 201217896Z In August 2017, US Treasury Secretary Steve Mnuchinvisited the gold vault at Fort Knox and, along with a few other politicians, surveyed the site. More from 1981 report: The continuing audit is being conducted on a cyclical basis because of the enormous quantity of gold to be handled and the related costs. 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. CHARLOTTE, NC / ACCESSWIRE / May 26, 2021 / America's gold reserves would be audited for the first time in more than 60 years if a measure introduced yesterday by U. However, how trustworthy is this system of accounting? Kate and Prince William 'are keen' for Prince George to have official role in King Charles' coronation - but Royally hard work! BY . In addition, the committee will include technicians from the Bureau of the Mint who are trained in assaying and weighing gold bullion. At the hearing Thorson presented exhibits to support his case 100 % of the gold held at the US Mint has been audited. In one case, the auditors were allegedly unaware that the scale was showing standard ounces rather than troy ounces, which all precious metals are weighed in, throwing an entire days worth of measurements out of whack (that a scale used for precious metals would ever be set to anything besides troy ounces is questionable). 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. 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. 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. 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. 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. Ron Paul (R-Texas) says his measure to audit the Federal Reserve, which passed the House last December, would force the first open audit of Ft. Knox in decades. In the excel sheet with the bar list of gold stored by the US Mint, published a few years ago, we can see nearly all the gold is low purity roughly 90 % pure very little was 9999 fine. Government-owned gold for which Treasury is accountable. 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. U.S. President Franklin D. Roosevelt passed legislation outlawing private ownership of gold, and gave instruction to build the depository at . Prince Andrew chuckles as he encounters female jogger on way to his weekly Windsor horse-riding trip. Based on glaring conflicts among the Treasury's own documents, this staggering amount of gold disappeared without a trace from 1961 to 1971. . The Mint estimated that as much as one-third of the gold reserves were examined during this period. Experts weigh in as tremors hit Wales, Cornwall and the Are YOU eating the right colours? 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!' 'So many dead. This would last until 2010 when the Armor School was relocated to Fort Benning, Georgia. Your browser is out of date. The Mint and the GAO were sanctioned to audit a portion of the Treasury's gold. Matt Bevin. No outside experts were allowed on the site for the audit, either,providingfodder for all kinds of conspiracy theorists. In the meantime I will fire several new FOIAs at the Office of the Inspector General and others. Koos Jansen. Built in 1936, security access for the facility make it difficult to get access. The official story from OIG is that 100 % of the gold stored at Fort Knox was audited in between 1974 and 1986, . Ideas, Gifts for It was obvious that some of the records were missing (or not provided). An overview starting from 1953: *In the 1953 report we could read 26 bars (0.00002 % of the total stash at that time) were assayed from bore samples. Although this rumor or theory is simply that, the remarkably high security that guards the U.S. gold reserves has understandably drawn the curiosity of the investigative press. 211 votes, 25 comments. The gold is held as an asset at a value of $42.22 per ounce. Despite continued inquiries, the US Mint refuses to offer up proof of the exact amount of gold held at Fort Knox. Government-owned Goldare not in our collection." When will the Beast from the East be at YOUR door? The next screen shot is from the reply by the FOIA help desk on May 6, 2015. Jansen is a longtime gold insider and journalist reporting on, for example, the goings-on of the incipient Shanghai Gold Exchange (SGE). These CDCs offer full-day care, part-day, and hourly care. It seems these 6 reports (5 documents) are the only ones currently in existence and the remaining 7 have mysteriously disappeared. 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. It saves time and labor costs. On this sheet 5 physical gold audit reports are listed, framed in red. 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. In short, this all sounds like the audit process has a number of cracks through which accounting mistakes can easily slip through. 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. 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. It basically coveredby 1986, 97 percent of the Government-owned gold held by the Mint had been audited and placed under joint seal. All News, Articles, Commentary and Opinions are contributed by the author(s), with or without compensation, who are solely responsible for the content, and do not represent CoinWeek Management. When the mint finally produced the audit documentation, Jansen received 134 lightly redacted pages (rather than the estimated total of 1,200 pages). The last full audit was done in 1953 . for Dads, American Women's History Coins & 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. After the Congressional inspection, the Bullion Depository will once again be closed to visitors. The US government wished to open the vaults of audited gold to lease or sell the metal on the open market. In October 1984, 4,136,046.924 fine ounces gold was reaudited. How can the IG be positive if he did not have access to the most basic documentation? FORT KNOX MINE ICMC SUMMARY AUDIT REPORT . Part One, We use cookies to enhance the user experience and to analyse traffic. China Gold Import Jan-Sep 797t. I'm a vet, and here are five dog breeds most prone to cancer - including Golden Retrievers and Rottweilers. The last time that Congress audited it was 2019. McConnell said he had never thought about visiting Fort Knox before, but jumped at the chance when Mnuchin offered to take him. 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 . Whos Supplying? For the first time photographing is being permitted inside the Depository.. In performing the audit, the gold bars are physically moved from one vault compartment to another. Determined to uncover more about the bullion stockpile, BullionStars Koos Jansen submitted a number of Freedom of Information Act (FOIA) requests to the U.S. Mint. Other problems sound laughable in their incompetence. Ron Paul worries Fort Knox gold is gone. In total there should be 13 reports (1974 1986), 2 already were in my possession (1974 and 1977). And the problem goes far beyond missing audit reports. Do you think it would be worthwhile, at least, to inventory and assay this portion of the Mint-held gold? 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. Secretary Mnuchin's statements were not helpful. di A second storage facility was built at the same time: . The last time any gold was removed from deep storage at Fort Knox came in 1971, when $500 million worth of gold was delivered to the New York Assay Office. 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. The vaults were last opened to the public in the 1970s, and the last treasury secretary visit was in 1948. 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. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. 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. 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. 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. U.S. Army Cadet Command Headquarters is located inside the Fort Knox installation which is located roughly 35 miles south of Louisville, Kentucky. 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. Fort Knox is used to store a large portion of United States official gold reserves and occasionally other precious . 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. This is largely due to a well-circulated rumor during the 1970s that the vaults had been emptied by elites in banking in government, either leased out or confiscated. 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. 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. As a freebie trip for 4 select political insiders, last Monday's trip to Fort Knox was undoubtedly a memorable one . 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.
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