"The United States Bullion Depository is a fortified vault building located near Fort Knox, Kentucky which is used to store a large portion of United States gold metal holdings, as well as from time to time, other precious items belonging to, or entrusted to, the United States of America."
"The United States Bullion Depository holds approximately 4,570 tons of gold bullion. This is exceeded in the United States only by the Federal Reserve Bank of New York's underground vault in Manhattan, which holds approximately 5,000 tons of gold in trust for many foreign nations, central banks and official international organizations."
"United States Bullion Depository" : http://en.wikipedia.org/wiki/United_States_Bullion_Depository
2007-05-18 09:14:17
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answer #1
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answered by Erik Van Thienen 7
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Fort Knox
The gold of the American People has likely been robbed from them by the Bankers that own the Federal Reserve Corporation (yes, the Congress outsourced the printing of our money to a private corporation). Those "Federal Reserve Notes" are not backed by gold, so the Federal Reserve can print as many of them as it likes (which is the real cause of the Inflation Tax, that eats away at the Middle Class and perpetuates poverty, besides destroying real wealth for the benefit of a few bankers).
Alan Greenspan once wrote a book on the Gold Standard back in the 60s. He has said that he stands by those beliefs today, even though he spent 20 years working for the organization that he wants to get rid of. Ben Bernanke (Greenspan's successor) has confessed that the Federal Reserve caused the Great Depression.
We need to return to a Gold Standard, which is the only way to avoid the business cycle (there were no depressions during the Free Banking period that began with Jackson's bank War and ended with Abe Lincoln's centralization and printing of Greenbacks, except for a short one early in the period which allowed the economy to sort itself out after the bad investments that the 2nd Bank of the US funded). The reason why we don't have a pure Capitalist economy is because there is no big business under pure Capitalism (there wasn't any big business until Lincoln started pork barrel projects and other corporate welfare during the Civil War, which was a major reason why the south seceded). However, if we had a pure Capitalist economy, we would all be much wealthier.
2007-05-18 09:17:28
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answer #2
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answered by Anonymous
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It's the vault at Fort Knox, Kentucky.
The Federal Reserve Bank of New York actually has a larger store of gold, but the major bulk of it belongs to foreign countries. It is stored there because it is considered a very safe place and because the US is considered a good custodian of gold because they will not raid other country's stores for their own use.
The US also has the largest stockpile of gold bullion in the world.
2007-05-18 09:21:54
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answer #3
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answered by Bronwen 7
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Fort Knox in Kentucky but actually it does not hold all the gold. Some of it is kept in the NY Fed REserve bank.
2007-05-18 08:59:55
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answer #4
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answered by Anonymous
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Fort Knox, Kentucky
10 pound bars last I heard
If you sit outside the gate for five minutes guards will tell you to leave.
If you stay five more minutes you see guns pop out of the roof and point at you.
2007-05-18 09:33:22
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answer #5
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answered by Anonymous
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A large amount of the United States' gold reserves is stored in the vault of the Fort Knox Bullion Depository, one of the institutions under the supervision of the Director of the United States Mint. The remaining gold reserves are held in the Philadelphia Mint, the Denver Mint, the West Point Bullion Depository and the San Francisco Assay Office, also facilities of the United States Mint.
The Depository was completed in December 1936 at a cost of $560,000. It is located approximately 30 miles southwest of Louisville, Kentucky, on a site which was formerly a part of the Fort Knox military reservation. The first gold was moved to the Depository by railroad in January 1937. That series of shipments was completed in June 1937.
The two-story basement and attic building is constructed of granite, steel and concrete. Its exterior dimensions measure 105 feet by 121 feet. Its height is 42 feet above ground level. The building's construction was supervised by the Procurement Division of the Treasury Department, now the Public Buildings Administration of the General Services Administration. Upon its completion, the Depository was placed under the jurisdiction of the Director of the United States Mint.
Within the building is a two level steel and concrete vault that is divided into compartments. The vault door weighs more than 20 tons. No one person is entrusted with the combination. Various members of the Depository staff must dial separate combinations known only to them. The vault casing is constructed of steel plates, steel I-beams and steel cylinders laced with hoop bands and encased in concrete. The vault roof is of similar construction and is independent of the Depository roof. Between the corridor encircling the vault and the outer wall of the building is space used for offices and storerooms.
The outer wall of the Depository is constructed of granite lined with concrete. Construction materials used on the building included 16,500 cubic feet of granite, 4,200 cubic yards of concrete, 750 tons of reinforcing steel and 670 tons of structural steel.
Over the marble entrance at the front of the building is the inscription "United States Depository" with the seal of the Department of the Treasury in gold. Offices of the Officer in Charge and the Captain of the Guard open upon the entrance lobby. At the rear of the building is another entrance used for receiving bullion and supplies.
At each corner of the structure on the outside, but connected with it, are four guard boxes. Sentry boxes, similar to the guard boxes at the corners of the Depository, are located at the entrance gate. A driveway encircles the building and a steel fence marks the boundaries of the site.
The building is equipped with the latest and most modern protective devices. The nearby Army Post provides additional protection. The Depository is equipped with its own emergency power plant, water system and other facilities. In the basement is a pistol range for use by the guards.
The gold stored in the Depository is in the form of standard mint bars of almost pure gold or coin gold bars resulting from the melting of gold coins. These bars are about the size of an ordinary building brick, but are somewhat smaller. The approximate dimensions are 7 x 3-5/8 x 1-3/4 inches. The fine gold bars contain approximately 400 troy ounces of gold, worth $16,888.00 (based on the statutory price of $42.22 per ounce). The avoirdupois weight of the bars is about 27-1/2 pounds. They are stored in the vault compartments without wrappings. When the bars are handled, great care is exercised to avoid abrasion of the soft metal.
The Depository is headed by an Officer in Charge, who is responsible for ensuring the security of the gold. The guard force is composed of men selected from various Government agencies, or recruited from Civil Service registers.
No visitors are permitted at the Depository. This policy was adopted when the Depository was established, and is strictly enforced.
2007-05-18 10:40:13
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answer #6
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answered by internationalsnubber 2
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If you believe in James Bond, Goldfinger was going to steal all of the gold in Fort Knox.
2007-05-18 09:55:14
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answer #7
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answered by Anonymous
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It used to be in Fort Knox until the Bush Administration looted the entire treasury and now most of America's gold is situated in China, which holds our entire 7 trillion dollar debt that Bush and his thieves ran up in less than 7 years. Good luck ever retaining our wealth as a nation.
2007-05-18 09:03:38
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answer #8
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answered by ? 5
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Knox
2007-05-18 09:20:16
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answer #9
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answered by rosie recipe 7
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Fort Knox and haha jean, your absolutly correct
2007-05-18 12:02:29
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answer #10
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answered by Dennis C 2
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