when was the last time fort knox was audited

The last full audit was done in 1953 . It was a magnificent golden sunrise that inspired visions of glory, wealth, and beauty. I did read one time that the queen of England a. A congressional delegation and some journalists got a look at the gold in 1974. Approximately half the U.S. Treasury's gold is located in the storage facility at Fort Knox 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. It was decided to destroy several audit and assay reports and no less than 1,700 tonnes needed to be re-audited. By Everett Millman Gainesville Coins . di Exhibit 7.1. 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. 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. Official Joint Seal inspection records from Fort Knox, June 1998 (courtesy of Koos Jansen through Freedom of Information Act). 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. Fort Knox claims billions of dollars worth of gold are stored away in its secret vault. Between 10 and 1974 about 1986% of the gold was weighed in, a big drop from 2. The reports I did find, and are now publicly available, are: Coincidentally, or not, these reports are exactly the same ones as listed by Thorson at the congressional hearing in 2011 (exhibit 1, framed in red). The First Critical Observations. . No outside experts were allowed on the site for the audit, either, providing fodder for all kinds of conspiracy theorists. In the meantime I will fire several new FOIAs at the Office of the Inspector General and others. Lets have a look. China Gold Import Jan-Sep 797t. Two months later I still got no response. noting that it was "over 20 years" since the last one. I personally believe that rumor and the bulk of it has been sold off to the rich elites. The Congressional inspection adheres to the new open door policy of the government announced by President Ford. Because this is the department currently responsible for the audits I was surprised my request to obtain all audit reports wasnt honored. Plus, US Mint Police remain a constant presence, and preside over the grounds from four machine gun towers placed around the perimeter. The results of the assays by Ledoux & Company and White Sands Missile Range presented by the OIG at the congressional hearing show nearly all 9999 fine gold (see exhibit 3, or read page 62 to 124 from this document). In performing the audit, the gold bars are physically moved from one vault compartment to another. Military/Civilian clock Examples of Civilian/Military time conversion. I left school at 16 with six GCSEs - and became a self-made millionaire. The gold at Fort Knox is stored in one of the most secure facilities in the world. for Dads, American Women's History Coins & Schultz from the New York Fed was part of the continuing audits committee and therefor the FRBNY was supposed to be audited. I'm a vet, and here are five dog breeds most prone to cancer - including Golden Retrievers and Rottweilers. Ron Paul introduced a bill that would require the Fed to manually audit every U.S.-owned gold . 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. Fort Knox: "Glad Gold Is Safe!". 'It would really be quite a movie if we walked in and there was no gold. You may consider submitting a FOIA request directly to the Treasury Department. Prince Andrew chuckles as he encounters female jogger on way to his weekly Windsor horse-riding trip. Join FORT KNOX code Axykp! 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!' However, in some instances, the rationale for moving gold from one compartment to another proved elusive. Part One, We use cookies to enhance the user experience and to analyse traffic. 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. 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. A second storage facility was built at the same time: . Thats 6 down, 7 more to go. 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. Exhibit 1. His advice to me was to try at the General Accounting Office (GAO) and National Archives for more reports. 'So many dead. As required under the Cyanide Code, the mine was again audited against ICMI's Verification Protocol by independent professional third-party auditors within three . 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. Cookies are also used for the purpose of handling our system and services. Your request was received in this office on March 3, 2015 and assigned FOIA case number RD 45578. Scales at the Mint used to weigh the bars often didnt work properly. : 201217896Z The process would take about 30 minutes to verify the gold content of each bar, or 350,000 man hours; to do that . I also want to assure you that the physical security over the gold reserves is absolute. One of the mostsecure andinaccessible places in the world, the facility once held the Declaration of Independence and Bill of Rights. Kate and Prince William 'are keen' for Prince George to have official role in King Charles' coronation - but Royally hard work! Although the quality of the gold in the custody of the Federal Reserve Bank of New York cannot be readily assayed,. Currently the Office Inspector General of the Treasury is responsible for the audits of the gold reserves at the US Mint. Need Help? The intention in 1975 was to audit the gold at the FRBNY, but then, a few years down the road the gold at the New York Fed was mysteriouslyexempt from the continuing audits program. 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. Between July 1983 and July 1985 the gold was audited in accordance with the plan approved by the Treasurer, as follows. And we attempted to contact a records management officer at the Treasury Department, but did not receive a reply as of the date of this letter. 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. I will, however, submit a couple of new FOIAs at the US government regarding gold audits. "The last time anybody went in to see the gold, other than the Fort Knox people, was in 1974 when there was a congressional visit. 2023 DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. Here is a rundown of some of Kooss key findings. Interactive map reveals when you may see SNOW. However, we were unable to locate records responsive to reports similarly titled or closely related to the subject annual gold audit 1975-1984. This fits right into how the US government imposes audits on their official gold reserves; the audits are performed by the US government itself. 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. Koos Jansen is a precious metal analyst from the Netherlands. Are you already an expert in everything America? ( 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. 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. Bevin, who said he collected coins as a child, compared it to 'seeing a leprechaun on a unicorn. The depository holds more than 147 million ounces of gold, which puts its market value at more than $186 billion. Jansen found instances in which the Treasurys auditors failed to follow the governments own procedures for the auditing process. Although gold bars tested to be out of tolerance during a Fort Knox audit in 1977 at a sample size of 2 %, by 1998 the sample size had been further debased to 0.53 %. This is basically an affirmation that the bullion was up to snuff at the last audit, and has been sealed since. Weve focused on the first audits of the gold stored by the US Mint. U.S. Treasury Secretary Steven Mnuchin initiated the visit, along with U.S. Rep. Brett Guthrie and Gov. Fort Knox gold subject of hearing. In October 1984, 4,136,046.924 fine ounces gold was reaudited. Exhibit 7.3. Since 1993, when we assumed responsibility for the audit, my office has continued to directly observe the inventory and test the gold. 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! *In 1974 the New York assay office tested 95 bars. For the first time photographing is being permitted inside the Depository.. It's going on right now as I say these words. By and large, the vast majority of the verification is done by checking Official Joint Seals. Why havent we ever seen any assays of coin bars?

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