Bill Schulz Basketball, Josiah And Lauren Duggar Daughter Missing, Articles W

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. COIN & MEDAL PROGRAMS, History of U.S. Until 1953, there were serial number audits of the gold and some assaying as I explain but that became costly and time intensive. The audit, which includes facilities, roads, parking lots, fences and utilities that are each valued at $250,000 or more, involved 1,053 sites and encompassed researching, identifying, reviewing . Between 10 and 1974 about 1986% of the gold was weighed in, a big drop from 2. 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. 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, a Freedom Of Information Act request Ive submitted in order to obtain all audit reports could not be honored. Here is a rundown of some of Kooss key findings. Fort Knox Is So Mysterious And Heavily Guarded, Only One US President Questions: "Dear US Mint, We Gave You The FOIA Funds, Now Give Us The Fort Knox Audit Documents!", November 2016 "US Mint Releases New Fort Knox "Audit Documentation". They could only find 2 reports I didnt posses previously, of the audits conducted in 1985 and 1986. Atthe congressional hearing in 2011 the IG stated to be 100 % certain all gold stored by the Mint was inventoried and audited, yet his department had accessto only a fraction (4) of all audit reports (13). ( 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. Alaska, USA . 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. Fort Knox is supposedly filled with 400 oz. On the way to the vault, a literal mine field and an electric fence protectthe gold. 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. 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. It lies 30 miles (48 km) southwest of Louisville and occupies an area of 172 square miles (445 square km). The controversial 'trauma expert' interviewing Prince Harry: Gabor Mat was warned by the Canadian A big Beckham birthday! 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). American $1 Coins, SHOP In 1936, Fort Knox military base was chosen as the site to build a bullion depository to store this gold.