As the US starts to run out of money, people are asking questions –
Is Fort Knox empty? Do we even have any gold reserves anymore in the United States? And if not, what is backing the United State’s dollar? These are the questions that many people are asking lately of our nation’s economic security and the answers may be downright scary for all of us.
The biggest question mark of all has been why no one has been able to see the gold for almost 40 years now. The last time anyone had access to inspect the deposits was on September 23, 1974. Members of Congress and news media were allowed access on that date and pictures were taken of the vaults with the gold deposits intact. Ever since that day, there has not been anyone allowed access to confirm the gold amounts that are supposedly stored at the Fort.
Recently a team of Congressmen from several key states have been trying to gain access to Fort Knox for a visual inspection and confirmation of the gold reserves stored there. According to several of the Congressmen, they are having a difficult time even getting responses out of the United States Treasury and Mint departments and when they do, they are denied immediately.
The United States Bullion Depository Fort Knox, Kentucky
•Amount of present gold holdings: 147.3 million ounces.
•The only gold removed has been very small quantities used to test the purity of gold during regularly scheduled audits. Except for these samples, no gold has been transferred to or from the Depository for many years.
•The gold is held as an asset of the United States at book value of $42.22 per ounce.
•The Depository opened in 1937; the first gold was moved to the depository in January that year.
•Highest gold holdings this century: 649.6 million ounces (December 31, 1941).
•Size of a standard gold bar: 7 inches x 3 and 5/8 inches x 1 and 3/4 inches.
•Weight of a standard gold bar: approximately 400 ounces or 27.5 pounds.
•In the past, the Depository has stored the Declaration of Independence, the U.S. Constitution, the Articles of Confederation, Lincoln’s Gettysburg address, three volumes of the Gutenberg Bible, and Lincoln’s second inaugural address.
•In addition to gold bullion, the Mint has stored valuable items for other government agencies. The Magna Carta was once stored there. The crown, sword, scepter, orb, and cape of St. Stephen, King of Hungary also were stored at the Depository, before being returned to the government of Hungary in 1978.
•The Depository is a classified facility. No visitors are permitted, and no exceptions are made.
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