Knox resulted in the first opening of the depository to the public in 1974. It is one of the most precious metals in the world. Dec 30, 2020 assume the 147,000,000 ounces of fort knox gold are real, unencumbered, not stolen, and have not been replaced with tungsten. Fort knox cantigny dining facility dfac dress code. Other conspiracy theories state that the gold is gone, but other priceless artifacts remain. Could it be true that the feds are lying to us because there actually is no gold there. Government gold reserve can be found on fiscaldata and. From rumors that there actually isnt any gold in fort knox to mysteries surrounding americas version of stonehenge to the disappearance of the white house cornerstone to leonardo da vinci s. There may be nothing more there than millions of gold painted bricks inside a fancy security system. Assume that fort knox gold is valued at market prices and compare that value to national debt and m3. Aug 23, 2017 many gold bugs and conspiracy theorists say there is no actual gold in fort knox. Completed in 1936, this fortified vault building is located within the 109,000acre fort knox army post in kentucky at the intersection of bullion boulevard and gold vault road.
Bullion depository, better known as fort knox, is home of the united states army and one of the worlds most top secret fortresses. The claim caught on and the public clamored to prove that the nations gold was still in fort knox. This book is an overview into the origins of fort knox, its security perimeters, gold conspiracy theories, and the federal reserves connection to the available fort knox audits. Eventually of course, the gold standard was abandoned, meaning our currency was no longer backed by gold. The united states bullion depository, often known as fort knox, is a fortified vault building located next to the united states army post of fort knox, kentucky. There has been no official audit of the gold in fort knox since 1953. Apparently, theres no way to say with absolute certainty if theres really bullion. Treasurys full detailed schedules of gold bars were published by the us house committee on financial services as part of submissions for its heari.
This theory seems to have taken root in the logic that the government has no reason to store gold nowadays since our currency is no longer based on the gold standard. Gold prices, fort knox, debtand the twilight zone gold. If you want to see how the vault at fort knox is setup look in to americas book of secrets. It was initiated in response to rightwing conspiracy theories expounded by. Watch fort knox full episode americas book of secrets history. Some 640,000 of these tungsten blanks were then gold plated and shipped to fort knox, according to the chinese, where they are said to remain to this day. In october of 2009 china received a shipment of gold bars from the united states department of the treasury bullion depository in fort knox. The truth about the fort knox gold the daily reckoning. Assume the 147,000,000 ounces of fort knox gold are real, unencumbered, not stolen, and have not been replaced with tungsten. Except for these samples, no gold has been transferred to or from the depository for many years. Dec 20, 20 conspira cy theory holds that the gold bars inside of fort knox were replaced with fake bars painted gold. Conspiracy theorists often claim that the gold vaults at fort knox are. However, thats based on a fixed price that officials set in 1973. Fort knox may no longer hold the most gold bullion in the country.
No one person knows all the procedures to open the vault. Shakespeare was rightall that glitters really isnt gold. Uniform policy for usacc cadre and cadets on college and university campuses and the school of cadet. The continued security is intended to keep the economy from collapsing. In getting to the bottom of the story, meltzer said he spoke with a respected member of the military who was a guard there, who told him that one day he checked his gun and was shocked to find there were no bullets in it. Dec 21, 2018 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. Basic standards of fort knox blue book rescinded look for the fort knox basic standards handbook on the fort knox policies page. The federal government keeps more than half of its gold some 5,050 tonsstashed inside the bullion depository in ft. Fort knox visitors day, 35 years ago coin collectors blog. Gold prices, fort knox, debtand the twilight zone gold eagle. It came out to a world which didnt care about the subject. However, it bears no relationship to the fort s image and popular perception as a place of high security, because the film makes no mention of fort knox or the gold vault. Bill still author of the money masters comments on the gold in fort knox, the gold standard and fractional reserve banking.
What was the last time the gold at fort knox was audited. Conspira cy theory holds that the gold bars inside of fort knox were replaced with fake bars painted gold. Beters fort knox theory gained traction with the american public, leading. Fort knox has no gold says dominique strausskahn, former. As london seeks transparency, the us will not allow auditors near its gold reserves. Over 640,000,000 ounces of real money sat behind those massive locked doors. Brad meltzer decodes four enduring historical mysteries history. Watch the gold conspiracy full episode americas book of. Many gold bugs and conspiracy theorists say there is no actual gold in fort knox. According to the bureau of the fiscal reserve, there are 147,341,858.
It is operated by the united states department of the treasury. Some pretty crazy conspiracy theories exist about fort knox. While the vault was invulnerable to bombing attack, it was not climate. In july 1918 construction began on an artillery training centre nearby, named after henry knox, the chief of artillery for the continental army during the american revolution. No outside experts were allowed on the site for the audit, either, providing. There is no evidence that inspection was a thorough audit reports said it was a spot check of 5% of the gold, but final reports decided all was in order. The gold is regularly exchanged between countries to pay debts and to settle the balance of trade. Beter wrote a series of audio letters from 1975 to 1982. The massive 22 ton vault door protecting the gold at fort knox. Sure, you can spend a lot of money buying an expensive. He was an ultrasuccessful attorney and was appointed as general counsel for the exportimport bank of washington. Each gold bar weighs approximately 400 ounces or 27. Nearly all of the gold has been converted into gold bars, each weighing about 27 pounds. In the third book in the how to succeed in evil series, hostile takeover, a villain of sorts breaks into fort knox to steal the gold stored there.
That means no one person knows the entire entry combination to acces. Apr 08, 2019 some 640,000 of these tungsten blanks were then gold plated and shipped to fort knox, according to the chinese, where they are said to remain to this day. The fort knox gold mystery the giants of the grand canyon 2 box set ebook. Ron paul, the libertarian texan congressman, has fueled a longstanding conspiracy theory that the u. Facts, trivia, and stuff you didnt know history daily.
Each gold bar is 7 inches x 3 and 58 inches x 1 and 34 inches in size. Perhaps the impenetrability of fort knox is a ruse to hide the fact there is no gold held there. Is there really any fort knox gold historic mysteries. Even today, its not unusual for countries to store their gold abroad the. In fact, at one point you had it all set up to film inside, when the secretary of the treasury. The structure was built due to the large amount of gold inherited by the us government after fdrs executive order 6102, which stated that private citizens could not own gold bullion, gold coins, or gold certificates. Republican frontrunner donald trump hinted at the idea that there just might be no gold in the u. Oct 25, 20 turning to fort knox, meltzer noted that many have claimed there is no gold in the highlyguarded facility. First public view inside a fort knox vault room 1974, we can see the massive door of vault compartment 33 covered with a ribbon and the official joint seal attached to it. Apr 12, 2010 despite conspiracy theories to the contrary, no serious fed watcher thinks fort knox is wholly goldless not even paul. Fort knox vault compartment 33 contains 36,236 bars, or 368 tonnes of gold. Once upon a time, the fort knox bullion depository was a vast storehouse for american gold. His book, the conspiracy against the dollar, was a bestseller.
And ron pauls plan to open the feds books might not penetrate the vault. Peter david beter, a washington attorney, whose book conspiracy against the dollar, makes an attack on international monetary reform and the rockefeller interests. Brad meltzers history decoded fort knox video legacy high. He was known for his pushing multiple conspiracy theories, including that lyndon. The primary mover of events in the book uses this to redirect said villain to his doom, but the question of where the gold went seems unanswered. About half of the treasurys stored gold as well as valuables of other federal agencies is kept at fort knox. How much gold is at fort knox and 9 other facts moneywise. The chinese contend that the remaining collection of these 400ounce fakes was eventually gold plated and then sold into international markets. Jul 01, 2011 russia says imf chief jailed for discovering all us gold is gone a new report prepared for prime minister putin by the federal security service fsb says that former international monetary fund imf chief dominique strausskahn was charged and jailed in the us for sex crimes on may 14th after his discovery that all of the gold held in the united states bullion depository located at fort knox.
Jul 23, 2020 conspiracy theorists often claim that the gold vaults at fort knox are empty, but the united states government contends that fort knox houses a ton of gold. United states gold bullion depository fort knox kentucky. Aug 02, 2016 the most popular conspiracy theory, however, is the belief that all of the gold inside fort knox has been removed or sold off. Most gold is exchanged and stored in vaults under the. Gold prices, fort knox, debt, and the twilight zone goldseek. Many conspiracy theorists like the gold antitrust action committee gata. Conspiracy theorists often claim that the gold vaults at fort knox are empty, but the united states government contends that fort knox houses a ton of gold. May 12, 2015 theres no gold at fort knox there hasnt been for quite some time. Americas gold stockpile has fueled curiosity and conspiracy theories. The united states bullion depository fort knox, kentucky amount of present gold holdings. The doubters are not just the typical conspiracy theory types, either. If you werent familiar with the fort knox area and hadnt read anything that was written about the making of the film or the closing credits, you would have no idea that the. A popular and recurring conspiracy theory, as alleged by edward durrell, norman dodd, peter beter and others, claims that the vault is mostly empty and that most of the gold in fort knox was removed to jerusalem in the late 1960s by president lyndon johnson. Interesting facts about ft knox goldismoney, the premier.
The push by paul and a conspiracytheorist group known as gold antitrust. There has been no audit of the actual gold contents at fort knox since 1953, when dwight d. Giving legitimacy to an internet conspiracy theory that the gold in fort knox is fake, the iconoclast republican congressman from texas has asked adminstration. In fact, no other book i ever wrote made so little an impact. Conspiracy theorists love the mystique surrounding fort knox, and there have. Those expressing concern include such reputable sources like brad meltzer, author and radio host bill still, and even senator ron paul. Sep 15, 2009 one persistent rumor that there was no gold left in ft.
Fort knox gold isnt used to make gold coins, medals, and bars for citizens. It safeguards the vast wealth of the united states and its name is synonymous with one of the most precious commodities in the history of the world gold. Fort knox is cloaked in a cloud of secrecy, surely to remain a unsolved mystery for years to come. Season 1, episode 3 its on netflix right now, it has some crazy tinfoil hat fud but, there is shots of the vault from when a film crew was brought in there to prove there is gold in them there vaults. They say the reason the government will not audit the gold, for example, is because the gold is not there. The vault is used to store a large portion of the united states gold reserves. It was not a sensationalist book, in the sense that we were not screaming that there was no gold left in ft knox.
May 30, 2016 the united states bullion depository fort knox, kentucky amount of present gold holdings. Nov 10, 2020 the book explores whether theres actually any gold at fort knox, the u. Brad meltzer decodes four enduring historical mysteries. That gold certificate is still on the books, according to rickards. Treasurys deep storage gold reserves with 56% of the total gold reserves being stored there. Why fort knox probably has no gold stored ini world report. A glittering commodity so rare that people will go to. Longrevered among gold conspiracy theories is that fort knox contains half of the u. Mar 22, 2016 although he made this assumption nearly one year ago, the donalds comments on gold at fort knox or lack thereof are making the rounds on twitter again tuesday. The first military base in the area was ford duffield built in 1861 during the american civil war. Would it matter if fort knox turned out to be empty. Jim rickards, attorney and author of several finance books, said in an. But in the twilight zone, 147,000,000 ounces of real gold still exist. The only gold removed has been very small quantities used to test the purity of gold during regularly scheduled audits.
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