How often is Fort Knox audited?
How often is Fort Knox audited?
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 gold was inspected.
When was US gold last audited?
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. Approximately half the U.S. Treasury’s gold is located in the storage facility at Fort Knox, Kentucky.
When was Fort Knox last opened?
| Fort Knox | |
|---|---|
| Built | 1918 |
| In use | 1861–1865: Civil War 1865–1903: Settlement 1903–1918: Training Grounds 1918–1925: Camp Knox 1925–1928: National Forest 1928–1931: Camp Knox 1932–present: Fort Knox |
| Garrison information | |
| Current commander | Marie A. Schroeder |
What was the last audit of Fort Knox like?
It would spend a theatrical afternoon showing off some gold without revealing anything. The event, Sept. 23, 1974, is often inaccurately called the last audit of Fort Knox. It was nothing more than a peek-a-boo glance at the gold in fine Hollywood style.
What happened to the gold at Fort Knox?
We know that the last somewhat credible examination of Fort Knox’s gold was in 1953. Rumors and reports that gold was being bled from Fort Knox to help pay the bills of WWII and the Korean War caused Dwight Eisenhower to reassure America its gold in Fort Knox was still safe.
Can you visit Fort Knox Bullion Depository?
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.
What is the Congressional Gold inspection at Fort Knox?
“The Congressional inspection adheres to the new open door policy of the government announced by President Ford. Treasury Secretary William E. Simon issued the invitation to Congressmen to inspect the gold at Fort Knox.