President Donald Trump says Elon will look at Musk Fort Knoc, which is a mythical depository in Kentki for American gold reserves, to ensure that gold is still there. Treasury Secretary Scott Besant says that there is an audit every year and “all gold is present and is responsible for it.”
The United States Bullion Depository at Fort Knoc has stored precious metal bullion reserves to the United States since 1937 and has become synonymous with security and well preserved. Along with protecting gold reserves, Fort Knoc is currently used as the Army’s Human Resource Command Center, and it hosts the largest annual training program of the army in each summer.
“We are going to open the doors. We are going to inspect the Fort Knoc,” Trump said in a speech to Republican Governors on Thursday evening. “I don’t want to open it and the cupboard is naked,” he said.
Fort nox history and place
The Army Post is about 35 miles south of Louisville and incorporates 109,000 acres of land in three Kentaky Counties – Bulit, Hardine and Mead.
According to the website of the Army Post, the Camp Knox was established during the First World War and became an Artillery Training Center. It was a permanent installation in 1932 and has since been known as Fort Knoc. The first gold arrived at Fort Knoc in 1937, with 1 Cavalry Regiment called to protect the shipment.
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With the outbreak of World War II in Europe, the army created armored force at Fort Knoc, and thousands of soldiers were ordered there and presented in the tank. For about 80 years, the post was known as “Cavalry and Armar’s Ghar”.
In 2005, the Army decided to transfer the Kavach Center and the school to Fort Benning, Georgia and the Human Resource Command Center of Excellence was established at Fort Knoc. In 2013, the ROTC cadet summer training was integrated into the Fort Knox. The Post hosts the army’s largest annual training program every summer.
How much gold is stored in Fort Knoc?
According to US Mint, the current gold holdings in the US Bullion Depository at Fort Knoc are 147.3 million ounces. About half of the treasury stored gold is kept in Fort Knoc.
Has gold ever removed? Mint says that only very small amounts have been removed to test the purity of gold during regularly scheduled audit. Except for these samples, no gold has been transferred from or for many years from or for it. The book value of gold is $ 42.22 an ounce.
How safe is Fort Knoc?
Depository is very safe. The real structure and material of the convenience are only known, and no person knows all the procedures to open the vault.
It is publicly known that this facility was made in 1936 using 16,000 cubic feet granite, 4,200 cubic yard concrete, 750 tonnes strengthening steel and 670 tonnes of structural steel. This feature is heavy preserved and has broken its strict policy of not allowing visitors only three times.
Has anyone been allowed to see gold reserves?
In 1974, the US Mint opened the volts for a group of journalists and a Congress delegation to see the gold reserves. The Treasury Secretary allowed the journey to be removed after continuous rumors that the gold was removed. Till then, the only person, besides authorized personnel to reach the vaults, was the only person President Franklin de Roosevelt.
Since then, the vaults have been opened once: in 2017, Treasury Secretary Steve Manuchin visited Kentki Gove Matt Bavin and Congress representatives. Current Treasury Secretary Scott Besent has said that he will happily arrange an inspection for any senator that is interested in looking at the vaults.
Fort Knox in Popular Lexicon
There is a reputation to be impermeable in the Gold Depository in Fort Knoc, which has made it a place in the popular culture. In early 1952, a Loni Tunes cartoon made a bug for Gold at Fort Knoc and excavated Yosemite Sam. Fort Knoc is also depicted in the plot of films such as the 1964 James Bond Spy thriller “Goldfinger” and 1981 comedy “Strips”, which was partially shot in the post.
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