Interesting Facts about the Bullion Depository at Fort Knox

[Twisted Titan]

http://www.usmint.gov/about_the_mint/fun_facts/?flash=no&action=fun_facts13

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.

[Twisted Titan]

The gold is held as an asset of the United States at book value of $42.22 per ounce.


They still have held at this value??? what they hell would it be at 1400 a oz???

[midnight rambler]

The gold is held as an asset of the United States at book value of $42.22 per ounce.


This is the scam. Whenever a country such as Zimbabwe wants to engage in international trade via the money powers' monopoly aka the BIS they must turn their natural resource (Au) over to the IMF/BIS at the rate of 42.22US$/troy oz., not the spot price for Au. (I spent a couple of hours discussing money matters with a Zimbabwe MP in '92 and gave him my copy of Secrets of the Federal Reserve)

[midnight rambler]

The gold is held as an asset of the United States at book value of $42.22 per ounce.


They still have held at this value??? what they hell would it be at 1400 a oz???


42.22US$/oz. is regarded as the par value of Au by the money powers and it's been that way since at least the 70s.

Interestingly, the par value of Ag is 1.292929292US$/oz., making for a par value ratio of Au/Ag ~32.66:1.

http://www.law.cornell.edu/uscode/31/usc_sec_31_00005116----000-.html

[Twisted Titan]

So that is ANOTHER reason why countries want to get off the dollar standard ASAP

it has a direct affect of Soveriegn nations abilty to manage international debt issues.

As more and more nations topple like dominoes under austerity measures agressive action will be taken to bring this disproportinate perk back into balance on the world stage.

Thanks for the info Ram....i learned something new today.

T

[ShortJohnSilver]

Q: Assuming you accept payment in gold... you can legally book the sale at $42.22 per ounce yes? Or is that once again another view by the govt of "we can do it you can't"?

[Gaillo]

http://www.usmint.gov/about_the_mint/fun_facts/?flash=no&action=fun_facts13

Amount of present gold holdings: 147.3 million 0 ounces.


or



Amount of present gold Tungsten holdings: 147.3 million ounces.


Fixed that for ya.

[Libertarian_Guard]

The gold is held as an asset of the United States at book value of $42.22 per ounce.


This is the scam. Whenever a country such as Zimbabwe wants to engage in international trade via the money powers' monopoly aka the BIS they must turn their natural resource (Au) over to the IMF/BIS at the rate of 42.22US$/troy oz., not the spot price for Au. (I spent a couple of hours discussing money matters with a Zimbabwe MP in '92 and gave him my copy of Secrets of the Federal Reserve)


I doubt Russia, China or India, among others, turned over their gold to the BIS. And if they did, they didn't cough up but a fraction of their holdings.

[joe_momma]

http://www.usmint.gov/about_the_mint/fun_facts/?flash=no&action=fun_facts13

Amount of present gold holdings: 147.3 million 0 ounces.


or



Amount of present gold Tungsten holdings: 147.3 million ounces.


Fixed that for ya.



Amount of present gold plated tungsten gold/tungsten holdings: 147.3 million ounces.

Fixed it more better for ya'.

;D

[midnight rambler]

The gold is held as an asset of the United States at book value of $42.22 per ounce.


This is the scam. Whenever a country such as Zimbabwe wants to engage in international trade via the money powers' monopoly aka the BIS they must turn their natural resource (Au) over to the IMF/BIS at the rate of 42.22US$/troy oz., not the spot price for Au. (I spent a couple of hours discussing money matters with a Zimbabwe MP in '92 and gave him my copy of Secrets of the Federal Reserve)


I doubt Russia, China or India, among others, turned over their gold to the BIS. And if they did, they didn't cough up but a fraction of their holdings.


The distinction is that countries like Zim don't have nukes.

[mick silver]

there building a new wall all the way around the place .

[Gaillo]

there building a new wall all the way around the place .


Gotta keep out those pesky auditors... ;D