Tuesday, March 3, 2015

Where Did The Gold In Fort Knox Come From? Part One

by Koos Jansen Bullion Star In contrast to what is widely assumed, the gold in the Fort Knox has not mainly been supplied by gold coins in circulation in the United States before the Great Gold Confiscation by President Roosevelt in 1933. Whilst me and Mr. Manly are researching how much gold is left in the vaults in the United States – at the Federal Reserve Bank of New York (FRBNY) and at Fort Knox – I thought it would be useful to examine historic US mining, minting, refining and gold trade data as far back as possible. Through historic USGS Mineral Yearbooks, Federal Reserve Bulletins and US Mint Annual Reports I was able to find detailed data. Additionally I used the books Currency Wars, The London Good Delivery List 1750-2010 and War On Gold for references.



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