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History of Gold at Fort Knox

July 27, 2011

The gold at Fort Knox, or the United States Bullion Depository, is quite a large amount. The United States Bullion Depository is a fortified vault location that is adjacent to Fort Knox, Kentucky. It stores  a large portion of the official gold reserves, in addition to precious historical documents, that either belong to or are entrusted to the United States federal government. Gold prices may be “through the roof” but everyone knows that the US stash of gold is safe at Fort Knox.

 

History of Gold at Fort Knox

–1936. Construction of the building was completed in December for a total of $560,000.

–1937. The United States Bullion Depository first opened. The first gold was moved to it in January.

–1941. The highest holdings of gold at Fort Knox was 649.6 million ounces on December 31.

Information about Gold at Fort Knox

  •  The present amount of gold holdings located at the Fort Knox Bullion Depository is said to be 147.3 million ounces of gold.
  • Gold has only been removed from Fort Knox in very small quantities for the purpose of using it to test the purity of the gold. No gold has been transferred into or out of the United States Bullion Depository in many years except for these small samples.
  • The materials used in building the Fort Knox Bullion Depository included 670 tons of structural steel, 750 tons of reinforcing steel, 4,200 cubic yards of concrete, and 16,000 cubic feet of granite.
  • The United States Bullion Conservatory has stored a number of important items throughout history including the U.S. Constitution, the Declaration of independence, President Lincoln’s Gettysburg address, President Lincoln’s second inaugural address the Articles of the Confederation, and three volumes of the Gutenberg Bible.



Fort Knox Gold Resources

The best resources for finding information about the gold at Fort Knox and other United States gold reserves are usually government resources, however there are also a number of different web resources and news sources out there that can give you up to date information about gold at Fort Knox and the other gold reserves in the country.

Fort Knox Gold News

From time to time people will hear news about the gold at Fort Knox relating to whether there is still gold there, especially with the huge government debt and the state of economic turmoil the United States has been in recently. Other news about the gold at the United States Bullion Depository that people will talk about is just how much gold is still there, and how it may relate to the rising and falling price of gold.
Cash for Gold at Fort Knox

The cash value of the gold at Fort Knox rises and falls just as the price of gold does over time. To find out just how much the gold located at Fort Knox is worth, it is best to find out the current value of gold.

 

Sources:

http://www.globalsecurity.org/military/facility/fort-knox-depository.htm

http://www.usmint.gov/about_the_mint/fun_facts/?action=fun_facts13

 







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