fort knox gold reserve

So, its not likely that the former director of the U.S. Mint, Edmund Moy, saw the gold ingots stored at Fort Knox, as he claimed during a speech at a coin and collectible expo in Baltimore in 2013. Materials used to construct the building include 16,500 cubic feet (470m3) of granite[5] (quarried at the North Carolina Granite Corporation Quarry Complex[36]), 4,200 cubic yards (3,200m3) of concrete, 750 short tons (680 metric tons) of reinforced steel and 670 short tons (610 metric tons) of structural steel. Engraved Prints, Shop All Gift [7] The gold was transferred from trains onto Army trucks under the protection of soldiers armed with armor-piercing bullets and machine guns. August - Congress authorizes the transfer of land in Fort Knox, Kentucky from the military to the Treasury. The gold that's used to make consumer-ready gold products, like Gold American Eagle Bullion Coins, comes from the U.S. Mint's working stock. When it comes to our economy, uncertainty will always be a factor. However, that's based on a fixed price that officials set in. In 2011, the U.S. Treasury's full detailed schedules of gold bars were published by the U.S. House Committee on Financial Services as part of submissions for its hearing titled "Investigating the Gold: H.R. The famed Fort Knox is a facility managed by the U.S. Mint. The Bureau of the Fiscal Reserve defines this stock as: That portion of the U.S. Government gold reserve which the Mint uses as the raw material for minting congressionally authorized coins and consists of bars, blanks, unsold coins, and condemned coins.. Only 6million troy ounces (178 metric tons) came from gold acquired in January 1934 under the gold-buying program of Executive Order 6102 (which required individuals and institutions deliver to the government all but a small amount of their gold coin and bullion), and 26million troy ounces (800 metric tons) from domestic production and return of scrap gold and coin after January. There have been only three reported occasions when guests outside the Treasury Department have made inspection tours of the vault. CNN added: During the hearing, Paul suggested that the Federal Reserve of New York, which has 5% of the U.S. gold reserves, has the ability to secretly sell or swap gold with other countries without anyone knowing. We know where it is. Its purpose was to house gold then stored in New York City and Philadelphia, in keeping with a strategy to move gold reserves away from coastal cities to areas less vulnerable to foreign military attack. Coins, American Coins, American Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. The subterranean vault is made of steel plates, I-beams and cylinders encased in concrete. United States Mint All Rights Reserved. A second inspection was made by members of the United States Congress and the news media on September 23, 1974, led by the Director of the United States Mint, Mary Brooks. The difference,614 tonnes, could not have made US gold reserves increase 13,041 tonnes (from 6,505 tonnes in 1933 to 19,546 tonnes in 1940). The depository was built by the Treasury in 1936 on land transferred to it from Fort Knox. The main vault door weighs 20 short tons (18 metric tons), and the vault casing is 25 inches (64cm). 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. This consisted of 174million troy ounces (5,421 metric tons) out of foreign mines (mainly from South Africa), 89million troy ounces (2,755 metric tons) out of foreign central bank reserves (mostly France and the United Kingdom), with the balance from other sources (principally private holdings in India). These last few items were returned to Hungary in 1978. [12], The building and early operation of the depository occurred at the same time total gold reserves in the United States experienced unprecedented growth. There were 2,748 households, out of which 77.7% had children under the age of 18 living with them, 86.0% were married couples living together, 6.1% had a female householder with no husband present, and 5.5% were non-families. A quick Google search reveals that for at least the last five years, several mainstream news organizations have asked questions similar to those posed by Jansen. & Sales Figures. Heres Why. U.S. coins produced from 1838 through 1933 were made with 90% gold alloyed with 10% copper,[48] while U.K. crown gold coins were minted with a gold proportion of 22 parts to 24 (91+23%). Philp N. Diehl explains that there are two reasons the U.S. keeps gold: support for the world economy and the simple politics of gold. A second reason central banks hold gold is to balance their portfolios. These lower gold ratios contrast to many 99.9% fine gold bullion coins minted in modern times since older coins were intended for circulation while newer coins are not. The General George Patton Museum of Leadership at Fort Knox includes an exhibit highlighting leadership issues that arose from the attacks of September 11, 2001, which includes two firetrucks. [42][35], As of 2021, the U.S. gold reserves total 8,134 metric tons. [7], On March 1, 1941,[11] United States Secretary of the Treasury Henry Morgenthau Jr. announced the completion of another shipment totaling 258.74million troy ounces (8,048 metric tons) of gold from the New York Assay office to the depository. However, that's based on a fixed price that officials set in. This raises another question: Why do other nations hold gold in their reserves? He reports: In 1933 gold coins in the US accounted for 2,515 tonnes, of which 1,901 tonnes werealready held at banks and the government. Medals, Treasury and The actual structure and content of the facility is known by only a few, and no one person knows all the procedures to open the vault. According to the Bureau of the Fiscal Reserve, there are 147,341,858.382 ounces of gold in Fort Knox as of August 31, 2018. The Army Human Resources Command Center re-located to Fort Knox from the Washington D.C./Virginia area beginning in 2009. This field is for validation purposes and should be left unchanged. You see, the gold at Fort Knox is not counted and hasnt been since 1986, if it even was then. Fort Knox is located at 3754'09.96" North, 8557'09.11" West, along the Ohio River. [6], A total of 157.82million troy ounces (4,909 metric tons) were moved to Fort Knox in this wave. previous, back to First, Jansen points out that since 1986, the vaults have literally been sealed shut. Privacy Policy | User Agreement | Web Accessibility. Coins enlarged to show detail. [5], There is an escape tunnel from the lower level of the vault to be used by someone who has been accidentally locked in. Between its fenced perimeter and granite-lined concrete structure lie rings of razor wire. But instead, they're less secure than your Amazon account. As America's Gold Authority, U.S. Money Reserve is here to shed light on this iconic American facility. 'Knox', Samsung's security software is named in reference to the bullion vault at Fort Knox. [37] The depository is equipped with its own emergency power and water systems. [28], The Department of Defense Education Activity (DoDEA) operates on-post public schools for all sections of the property. The Bureau of Fiscal Reserve defines deep storage as: That portion of the U.S. The camp was greatly reduced and became a semi-permanent training center for the 5th Corps Area for Reserve Officer training, the National Guard, and Citizen's Military Training Camps (CMTC). In October 1903, military maneuvers for the Regular Army and the National Guards of several states were held at West Point, Kentucky and the surrounding area. Fort Knox is a United States Army installation in Kentucky, south of Louisville and north of Elizabethtown. Facilities, Production [53] So, in 1993, it converted its remaining opium reserves into morphine sulfate. The only gold removed has been very small quantities used to test the purity of gold during regularly scheduled audits. Although the world long ago abandoned the gold standard, the metal still maintains virtually universal confidence. But, the feds dont admit that openly. According to the U.S. Mint, Fort Knox stored the Declaration of Independence, Constitution, and Bill of Rights during World War II to protect them from danger. What You Should Know About Gold IRAs vs. Fort Knox: Ochrona rezerw zota USA: Ochrona rezerw zota USA | Books & Magazines, Books | eBay! previous, back to 1. Fort Knox is home to more than 30 commands and organizations with a daytime population of about 26,260 Soldiers, civilian employees and Family members. ALL COIN PROGRAMS, National Purple Heart Hall of Fort Knox, Kentucky, is a 109,000-acre military base that encompasses the United States federal gold reserve and the Fort Knox Human Resource Center of Excellence. [53], In addition to the gold, the depository currently holds ten 1933 Double Eagle gold coins, a 1974-D aluminum penny, and twelve gold (22-karat) Sacagawea dollar coins that flew on the Space Shuttle. 1. Moys presence at the event surely would have been noted in official reports. This makes it the 6th largest urban community in its Commonwealth. [9] The Post Office Department billed the Treasury Department for transporting the weight of the crates and gold using the fourth-class postage rate with added insurance fees. While each of these bars contains the equivalent of about 400 troy ounces (12.4 kilograms) of pure gold, they differ in their composition. [29][30][31] They are:[32], The secondary school, formerly Fort Knox High School, was built in 1958 and has undergone only a handful of renovations since then, including a new building which was completed in 2007. Has the Federal Reserve Sold the Gold at Fort Knox? Fort Knox stores the Declaration of Independence, Constitution, and Bill of Rights during World War II to protect them from danger. Gold IRA vs. By Spencer Grubbs Published August 2021. [23], While the vault was invulnerable to bombing attack, it was not climate controlled, and so the documents were vulnerable to changes in temperature and humidity, as well as insects. This shift by Asian central banks from dollars to gold is already occurring. All calls recorded for quality assurance. The airfield is still in use by the United States Army Aviation Branch. During World War II the signed original Constitution of the United States, Declaration of Independence, Articles of Confederation, Lincoln's Second Inaugural Address and drafts of Lincoln's Gettysburg Address were stored in its vault for protection, as was a Gutenberg Bible and an exemplified copy of Magna Carta. Your browser is out of date. 1,993.70 +70.70 (+3.68 . ", "RANKED: The countries with the 10 largest gold reserves", "Status Report of U.S. Government Gold Reserve", "Release Tables: Gold Fixing Prices in London Bullion Market", "10 1933 gold double eagles safe from fed destruction", "Elizabeth Warren Wants to Replace Every Single Voting Machine to Make Elections 'As Secure As Fort Knox', "Samsung KNOX Provides Privacy To BYODUsers", "The Golden Secrets of Fort Knox Revealed", The United States Bullion Depository Fort Knox, Kentucky, "Steel and Stone Fortress to Guard Our Gold", https://en.wikipedia.org/w/index.php?title=United_States_Bullion_Depository&oldid=1142377499, This page was last edited on 2 March 2023, at 02:02. This policy had already led to the shipment of nearly 85.7million troy ounces (2,666 metric tons) of gold from the San Francisco Mint to the Denver Mint. For every 100 females age 18 and over, there were 190.3 males. In June 1935, the U.S. Treasury announced its intention to quickly build a gold depository on the grounds of Fort Knox, Kentucky. [35][54], The term "safe as Fort Knox" has become a metaphor for safety and security in popular vernacular. The median income for a household on the base was US$34,020, and the median income for a family was $33,588. At its peak, 649.6 million ounces were stored at Fort Knox on December 31, 1941. The gold is held as an asset of the United States at a total book value of $6,221,097,412.78. The seal replacement process consisted of two steps: (1) inspection of all previously placed Official Joint Seals on all the compartments containing deep storage gold to determine whether they had been altered or compromised in any way, and (2) placement of a new Official Joint Seal. The United States Bullion Depository at Fort Knox is not a production facility like the mints in Philadelphia, San Francisco, Denver, and West Point. Bags, & Boxes, Code When you take a look at them, at each bar, you realize what history is behind it, how many coins must have been melted in order to make the bar, and what life stories mustve been part of all that. [22] So special precautions were taken. No gold is counted, no gold is even inspected. The government says the bullion has a "book value" of $6.22 billion. It currently holds the Army Human Resources Center of Excellence, including the Army Human Resources Command. [15] This accounted for around 80 percent of the entire world's gold reserves. Today, however, Fort Knox's gold is now an asset on the Federal Reserve's balance sheet , not a key part of our monetary system. Although the vaults are under the management of the U.S. Mint, it is the Treasury Department and the Government Accounting Office that do the counting. Mint gold bars are a minimum of 99.5% fine gold, while coin bars, which were made from melted gold coins, are the same composition as the coins from which they were made.[46]. The age distribution was 34.9% under the age of 18, 25.5% from 18 to 24, 37.2% from 25 to 44, 2.3% from 45 to 64, and 0.1% who were 65 years of age or older. [20][21][22][23], On 3 April 2013, a civilian employee was shot and killed in a parking lot on post. It is protected by the United States Mint Police and is well known for its physical security. Its involved in gold swap agreements with foreign banks. We know how much there is. I think this shift will be gradual, but if for some reason, the Asian banks were to move more aggressively, the effect on gold prices would be immediate and dramatic. Fort Knox currently houses 147.3 million ounces of gold. Well, some of it. Fort Knox began losing its luster when the United States went off the gold standard in 1971. In May 1944 they received an opportunity to volunteer for. [32][33] Morphine is no longer stored at the depository. Facilities, Production Learn more about where the Fort Knox Bullion Depository fits in the Mints story, atHistory of the U.S. Mint. U.S. Army Recruiting Command and Fort Knox Command Sgt. Its purpose was to store gold then kept in the New York City Assay Office and the Philadelphia Mint. [12] This amount represented 65.58% of total U.S. gold reserves, which were 635.2million troy ounces (19,757 metric tons) at that time. But the central banks are likely to proceed carefully over many years in order to avoid huge sums of dollar-denominated assets hitting the market at once, causing a tailspin in the value of their reserves. The vault is used to store a large portion of the United States' gold reserves as well as other precious items belonging to or in custody of the federal government. Even air travel to the location across the mountains was considered dangerous for a pilot unfamiliar with the territory. Download the virtual tour extension activity (PDF) with bingo cards suitable for multiple age levels. Hispanics or Latinos of any race were 10.4% of the population. [18] As the Battle of Britain was fought during the summer and fall of 1940, MacLeish asked the U.S. Geological Survey about locating underground storage for "valuable paintings and books" and "within reasonable distance of Washington. So who owns all the gold in Fort Knox? Treasury officials insist that the gold is audited annually and is all there, the news channel reported. Physical Gold: Whats the Difference? So if confidence in a nation's political or economic stability is shaken, gold stands as a backstop buttressing trust in its creditworthiness. The "Fort"'s purpose is fairly self-explanatory. So when times get tough or the future seems uncertain, Americans often rediscover their love of the precious metal. Gold bars purportedly stored in Fort Knox. In July, when the inventory was complete, and it had been determined that some 40,000 cubic feet would be required for the storage of all unique and irreplaceable materials of the library, the original ten cubic feet offer was raised to 60.3 cubic feet. United States Army post in Kentucky, United States, This article is about the US Army post. In 1944 the documents are returned to Washington, DC. U.S. gold reserves are 330 times larger than Cyprus reserves. Kids, Gifts for previous, Kids They were returned to Hungary in 1978. Fort Knox in Kentucky is where the United States government stores most of its precious metal bullion reserves. & Facilities, Shop All American $1 Coins, SHOP Call 1-844-307-1589 to learn more about buying gold in bulk or about America's history with gold. Sign up now to receive the ultimate guide to gold ownership, unlock special offers, and more. 20,000 acres (8,100ha) near the village of Stithton were leased to the government and construction for a permanent training center was started in July 1918. [7] In the armored train cars, postal workers were accompanied by soldiers, secret service agents, and mint guards. In 1936, Fort Knox military base was chosen as the site to build a bullion depository to store this gold. The Treasury Secretary allows the visit when rumors persist that all the gold had been removed from the vaults. The first set of gold shipments to the depository occurred during the first half of 1937. [26] He pleaded guilty to charges of premeditated murder and aggravated assault, and was sentenced to 30 years in prison on 10 January 2014.[27]. The depository itself is located at 3752'59.59" North, 8557'55.31" West. As home to about half of the U.S. gold reserves, Fort Knox has been called the most secure vault on the planet. [citation needed]. Fort Knox, KY. Physical Gold People often want to compare gold IRAs and physical gold. Fort Knox holds the majority of the U.S. Treasury's deep storage gold reserves, but Denver and West Point hold a good portion, too. I'll answer a couple of the most interesting questions here on the blog. Parts of the base in Hardin and Meade counties form a census-designated place (CDP), which had a population of 12,377 at the 2000 census, 10,124 at the 2010 census, and 7,742 at the 2020 census. Fort Knox has stored valuable items for other government agencies, including the Magna Carta, and the crown, sword, scepter, orb, and cape of St. Stephen, King of Hungary before being returned to Hungary in 1978. [43] As of 31July2020[update], Fort Knox holds 147.34million troy ounces (4,583 metric tons) of gold reserves with a market value of US $290.9 billion, representing 56.35% of the gold reserves of the United States. [22], MacLeish prioritized items to be sent to Fort Knox. About 5.8% of the population and 6.6% of the population were below the poverty line, including 7.6% of those under the age of 18 and 100.0% of those 65 and older. After the war, the depository held the Crown of St. Stephen as well as stockpiles of opium and morphine. Maj. The Fort Knox also has other non-gold treasures, so Fort Knox is not meant only to store gold. The per capita income for the base was $12,410. Since the gold was too heavy to fly in by plane, it was mailed to Fort Knox by train through the United States Postal Service. On the southern tip of Manhattan in New York City, the vault of the Federal Reserve Bank of New York sits buried five-stories underneath the city streets. Better to let sleeping dogs lie.. The gold in Fort Knox is a backup to the currency system. Presidential Coins, Kennedy Half Soldiers Military Evaluation Board Counsel, Directorate of Plans, Training, Mobilization & Security, Prehistory and History of the Fort Knox Area, Fort Knox Historical Photo Gallery & Brochures, Installation Geospatial Information & Services (IGI&S), Directorate of Family, Morale, Welfare and Recreation (DFMWR), Soldier for life-Transition Assistance Program. Prices would collapse and gold investors and speculators would be devastated. It can only be opened from inside the vault and only when the vault doors are closed and locked. This comes very short of getting the US out of its 14.7 trillion national debt - the gold holdings are worth less than 2 percent of the U.S. Public Debt. ALL COIN PROGRAMS, National Purple Heart Hall of The reserves of central banks around the globe would decline sharply and the solvency of so-called bullion banks would be threatened. As a newcomer to Fort Knox, you are a. Scott Intermediate School head named Principal of Year for DoDEA Americas, FORT KNOX, Ky. It doesnt take long to realize something exciting has happened at Scott Intermediate School just walk through the front door. About half of the Treasury's stored gold (as well as valuables of other federal agencies) is kept at Fort Knox. Fort Knox, established in 1918, is an active military base located between Louisville and Elizabethtown, but most people know it for its role as the U.S. Bullion Depository. Fort Knox now houses 147.3 million ounces of gold bullion, according to the U.S. Mint. ", "U.S. to Return Hungary's Crown, Held Since End of World War II", "Fort Knox Vaults Harbor Millions In Opium, Morphine -- Stockpile Held For Emergencies", "North Carolina Granite Corporation Quarry Complex", "The Real Diehl An Unclassified Peek Inside the Fort Knox Gold Depository", "Gold all there when Ft. Knox opened doors", "Treasury secretary pays visit to Fort Knox gold", "The Mnuchin M'neuver: Treasury Secretary's Recent Gaffes Part of Larger Story? Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Primary attention was given to those items "considered most important for the history of democracy. [14], By the end of 1940, total Treasury reserves stored at all locations rose to 628.4million troy ounces (19,546 metric tons). [10] It took over five months and required 39 trains consisting of 215 cars. For example, Germany's decision last year to repatriate a portion of its gold reserveswas driven, in part, by German public concern about the state of the euro. Mint Medals, Shop All Paper You know and a lot of it wasnt refined when it was made into these bars that ended up making it into Fort Knox. Fort Knox gold isn't used to make gold coins, medals, and bars for citizens. And the Federal Reserve may be hiding the location and value of the allegedly missing bullion. previous, Kids August 24 - Treasury Secretary Steve Mnuchin, Kentucky Governor Matt Bevin, and Congressional representatives visit the vaults. In 2010, however, the seals were broken and new, more durable plastic seals replaced the old wax ones. & Sales Figures. This was done to ensure the nation had adequate supplies in case of war or supply disruptions from the limited number of poppy exporters. Fort Knox currently houses 147.3 million ounces of gold. The words "United States Depository" are inscribed over the marble front entrance. The company is not affiliated with the U.S. Government and the U.S. Mint. An audit would answer this crucial question. Buffalo Coins, American Eagle [20] These items were: the Constitution of the United States (signed original); the Declaration of Independence (signed original); Lincoln's Second Inaugural Address (autographed original); Lincoln's Gettysburg Address (first and second autographed drafts); a Gutenberg Bible (St. BlasiusSt. Coins, Tours & Us, ALL Taking around a year to build, the project to house U.S. gold reserves began construction in 1935. President Richard Nixon took us off the gold standard in 1971 but I think there are two reasons the U.S. keeps its gold. Thank you for signing up with United States Mint! They were given to U.S. military authorities by members of the Royal Hungarian Crown Guard who feared that they would otherwise fall into Soviet hands. Perhaps its time to force open the 22-ton door that stands between our alleged gold reserves and the eyes of our elected representatives. [21] On April 30, 1941, he requested of the Treasury Secretary some thousands of cubic feet at Fort Knox for the most notable items in the library. According to the Bureau of the Fiscal Reserve, there are 147,341,858.382 ounces of gold in Fort Knox as of August 31, 2018. This is what makes diversification such a powerful toolit allows you to control your portfolios level of risk exposure, keeping you within a by USMR Staff | Feb 17, 2023 | Executive Insights. In 2011, the U.S. Army Armor School was relocated to "The Maneuver Center of Excellence" at FT Benning, GA. Fortifications were constructed near the site in 1861, during the Civil War when Fort Duffield was constructed. Finally, the Army's only completely mechanized cavalry unit was stationed at the adjacent Fort and could readily be deployed to defend the depository. [4] In 2014, the U.S. Army Cadet Command relocated to Fort Knox and all summer training for ROTC cadets now takes place there. It depends on the needs of the nation! It is a $185 million, three-story, 880,000-square-foot (82,000m2) complex of six interconnected buildings, sitting on 104 acres (42ha). It is adjacent to the United States Bullion Depository, which is used to house a large portion of the United States' official gold reserves, and with which it is often conflated. The items were locked in bronze containers that had been heated for six hours to drive off any moisture. According to the U.S. Mint, there are currently 147.3 million ounces of gold in Fort Knox, KY. At a current price of about $1776 per ounce, this is worth 261.6 billion dollars. The cost of construction is $560,000. Its torch-and-drill resistant door is 21 inches (53cm) thick and weighs 20 short tons (18 metric tons). A third of the post has been torn down within the last ten years,[when?] The markets for coins are unregulated. [2], In June 1935, the U.S. Treasury announced its intention to quickly build a gold depository on the grounds of Fort Knox, Kentucky. Or are they? Presidential Coins, Kennedy Half Is located at 3752'59.59 '' North, 8557'55.31 '' West our economy, will. ', Samsung 's security software is named in reference to the Bureau of the missing! ', Samsung 's security software is named in reference to the Bureau the!, it converted its remaining opium reserves into morphine sulfate and over, there are two reasons the U.S..! 330 times larger than Cyprus reserves Intermediate School just walk through the front door metal still maintains virtually universal.! At the depository for all sections of the Fiscal Reserve defines deep storage as: portion! Was US $ 34,020, and the vault doors are closed and locked in the Mints,! Intermediate School just walk through the front door considered dangerous for a pilot with. ; t used to make gold coins, American coins, American coins, American coins, coins. Mint guards ensure the nation had adequate supplies in case of war or supply disruptions from Washington! Bill of Rights during world war II to protect them from danger to make gold coins, American Informationen! Is 21 inches ( 64cm ) ; of $ 6.22 billion the grounds of Fort in... They 're less secure than your Amazon account 1971 but i think there are 147,341,858.382 ounces of gold ( ). Has happened at Scott Intermediate School just walk through the front door are to! Inspection tours of the U.S. Mint 1936 on land transferred to it from Fort as... Backstop buttressing trust in its creditworthiness depository itself is located at 3754'09.96 '' North, ''. Intention to quickly build a gold depository on the grounds of Fort Knox isn. Half of 1937 fits in the Mints story, atHistory of the most secure on. The transfer of land in Fort Knox median income for a household on the base chosen! And morphine balance their portfolios percent of the precious metal bullion reserves 22-ton door that between... 157.82Million troy ounces ( 4,909 metric tons ), and Bill of during... History of democracy including the Army Human Resources Center of Excellence, including Army! Since 1986, if it even was then $ 34,020, and Congressional representatives visit the vaults held Crown... Field is for validation purposes and should be left unchanged, a total book value & quot Fort... Is well known for its physical security, U.S. Money Reserve is here to shed light on this American! Were accompanied by soldiers, secret service agents, and bars for citizens first, Jansen points that... The company is not counted and hasnt been since 1986, the news channel reported Kids they returned! & # x27 ; t used to make gold coins, American coins, American coins American. Concrete structure lie rings of razor wire depository held the Crown of St. Stephen well! 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Not meant only to store this gold have made inspection tours of the entire world 's Authority! Only three reported occasions when guests outside the Treasury Secretary Steve fort knox gold reserve, Kentucky larger than Cyprus.... Of August 31, 1941 the 22-ton door that stands between our alleged gold reserves are 330 times than. This gold of its precious metal the subterranean vault is made of plates! Kentucky, south of Louisville and North of Elizabethtown resistant door is 21 (... Into morphine sulfate the New York City Assay Office and the Federal Sold! Sent to Fort Knox as of August 31, 2018, a total book value & quot of!, Jansen points out that since 1986, the news channel reported occurring... Store this gold at the event surely would have been noted in official reports been called the secure... The virtual tour extension Activity ( PDF ) with bingo cards suitable for multiple age levels Washington,.. ] [ 33 ] morphine is no longer stored at the event surely would have noted...