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Thread: Fort Knox Fun Facts

  1. #1

    Fort Knox Fun Facts

    This is from the official U.S. Treasury site, so take it with a grain of Tungsten:

    Fort Knox Fun Facts

    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.
    Construction of the depository:
    Building materials used included 16,000 cubic feet of granite, 4,200 cubic yards of concrete, 750 tons of reinforcing steel, and 670 tons of structural steel.
    The cost of construction was $560,000 and the building was completed in December 1936.
    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.
    Peacefully Engaged in Domestic Economic Terrorism Since 2004.

    Audit Fort Knox so we will know how much Tungsten backs the FRN!



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  3. #2

    More Fun Facts About the U.S. Gold Reserve

    Who owns the gold in Fort Knox?

    The Heist
    Your ancestors held notes, currency, dollars or whatever you want to call their money.Fort Knox Building The notes they held was representative of actual gold sitting in a vault somewhere that they were entitled to. They could at anytime walk in hand over their notes and receive that amount of gold in return. So in effect all (or a substantially large percentage) of the gold at Fort Knox was owned by our ancestors, the common hardworking God fearing men and women who made this country great and worked hard to earn that gold. Then, the U.S. Government decides to stop backing the notes in gold, and refuses to redeem notes for gold. I now repeat my question one more time. Who owns the gold at Fort Knox? Did the government just steal all the gold from every single American in the entire country? Or, are they just keeping it “safe” for us?


    Is there any gold inside Fort Knox, the world's most secure vault?

    “It has been several decades since the gold in Fort Knox was independently audited or properly accounted for,” said Ron Paul, the Texas Congressman and former Republican presidential candidate, in an e-mail interview with The Times. “The American people deserve to know the truth.”

    Mr Paul has so far attracted 21 co-sponsors for a Bill to conduct an independent audit of the Federal Reserve System - including its claims to Fort Knox gold - but an organisation named the Gold Anti-Trust Action Committee (GATA) is taking a different approach.

    It has hired the Virginia law firm William J.Olson, PC, to test President Obama's promise to bring “an unprecedented level of openness” to the Government and next month it will file several Freedom of Information requests for a full disclosure of US gold ownership and trading activities.

    “We're taking the President at his word,” said Chris Powell, of GATA. “If you go online you can find out how to build a nuclear weapon but you won't find any detailed records on central gold reserves.”



    Peacefully Engaged in Domestic Economic Terrorism Since 2004.

    Audit Fort Knox so we will know how much Tungsten backs the FRN!



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