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The United States Bullion Depository, commonly known as Fort Knox, is located in Kentucky. Fort Knox is a fortified building located next to a US military base. It is administered by the US Treasury Department. The storage facility is used to store a large portion of the United States' gold reserves, as well as other valuables owned or held by the federal government. There are currently approximately 147 million troy ounces (4,580 metric tons) of gold. More than half of the gold stored in the treasury. The United States police protect the subscription.
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The Treasury Department built a storage building in 1936 on land surrendered by the Army. His goal was to keep the gold stored in New York and Philadelphia consistent with a strategy to move it away from the coastal cities to areas less vulnerable to attack by foreign armies. In the first half of 1937, ships carrying gold to storage appeared. The second series was completed in 1941. These shipments, monitored by the US Postal Service, totaled approximately 417 million troy tons (12,960 metric tons); Almost two-thirds of the total gold reserves of the United States.
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The original US Constitution, signed during World War II; Declaration of Indepdce; members of the Confederation; Drafts of Lincoln's Second Inaugural Address and Lincoln's Gettysburg Address are kept in his room for safekeeping, along with a Gutberg and Magna Bible, a model copy. After the Qatar War, the warehouse contained the crown of St. Staff, as well as opium and morphine. Today is t 1933 gold coins Double Eagle; Holds 1974-D aluminum Pny and 122 carat Sacagawea coins, specifically flown STS-93 in 1999 on Space Shuttle Columbia.
The depository is a secure facility. Razor rings are located between its perimeter and the granite-clad concrete structure. The arena is monitored by high-definition video cameras and microphones for night vision. The basement is made of steel plates, It is made of I-beams and cylinders and it is made of concrete. The mast and puncture-resistant door are 21 inches (53 cm) thick and weigh 20 tons (18 metric tons). The door to the room is locked for 100 hours and can only be opened by members of the accounting staff who must dial a special combination. Visitors are not allowed inside. The term "safe as Fort Knox" has become a byword for safety and security, so safe.
The building was listed on the National Register of Historic Places in 1988 as a landmark known for its "factual and fictional content" and its "unique significance" in the nation's "economic history." This location was located at the intersection of what is now Bullion Boulevard and Golden Arch Road.
In June 1935 The US Treasury has announced plans to quickly build a gold storage facility at Fort Knox in Kentucky. Its purpose was to store the gold stored in the assay office in New York and the mint in Philadelphia. This followed a previously announced policy of moving gold deposits from coastal cities to areas less vulnerable to foreign military invasion. This policy resulted in the shipment of nearly 85.7 million troy ounces (2,666 metric tons) of gold from the San Francisco Mint to the Dver Mint. Initial plans will be completed in August, and the 10,000-square-foot (930 m;
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Several military advantages of the site were cited. An army attacking from the eastern seas would have to attack over the Appalachian Mountains, which at the time were considered a reasonable obstacle for the army. It is also isolated from railroads and highways, further hampering combat power. Air travel to the site through the mountains is considered dangerous for a pilot unfamiliar with the area. Finally, the army's only mechanized cavalry unit was stationed in an adjacent fort and could easily be deployed to defend the fort.
The Treasury Department began building the U.S. Bullion Depot in 1936 on land transferred by the military. Gold Vault in December of that year for $560,000 (equivalent to $8,700,000 in 2021).
The first wave was conducted weekly between January 11 and June 17, 1937, and was overseen by the United States Postal Service.
The gold was transported from the Assay Office in New York and the Philadelphia Mint on trains using mail trucks and a municipal police escort.
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The gold was transferred from train to train under the protection of soldiers armed with armored rifles and machine guns. The trucks are the 1st U.S. He was transported to the depot with the combat vehicles of the Cavalry Regiment.
The Post Office Department charged the Treasury Department for carrying the weight of the gold box at the cost of fourth-class postage, with insurance charges added.
This cargo represented 44.84% of total US gold reserves at the time, which amounted to 351.9 million troy ounces (10,947 metric tons).
US Treasury Secretary Harry Morgan Jr. announced the completion of another shipment totaling 258.74 million troy ounces (8,048 metric tons) of gold from the New York Assay Office to the Depository Office. The total amount in the shed after loading was 416.56 troy ounces (12,956 metric tons).
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This amount represented 65.58% of total US gold reserves, which at the time stood at 635.2 trillion troy ounces (19,757 metric tons).
These ships were launched in July last year, and were also under the supervision of the post office.
The construction and early operation of the facility occurred at the same time that total gold reserves in the United States experienced unprecedented growth. Those reserves, which were 194 million troy ounces (6,019 metric tons) in 1933, jumped to 503 troy ounces (15,641 metric tons). In 1939 the factors that led to this growth were the review of the price of gold (depreciation of the dollar), the increase in global gold production in 1934; Political uncertainty in Europe reflected capital outflows to the United States and increased net exports of US goods to Europe.
Most of the increase so far, 277 million troy ounces (8,620 metric tons), is the result of gold imports from abroad. This includes 174 troy ounces (2,755 metric tons) from foreign mines (mainly from South Africa) and foreign mines (mostly from France and the United Kingdom). Balance from other sources (mainly private sector in India). Only 6 million troy ounces (178 metric tons) of gold obtained in January 1934 under the gold purchase program of Executive Order 6102 (and only a few tons of gold bullion and lead that individuals and institutions were to deliver to the government); and later in January 26 troy ounces (800 metric tons) of gold bars and coins were recovered from domestic production.
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D In 1940, total Treasury reserves at all locations increased to 628.4 million troy ounces (19,546 metric tons).
In October 1941, total US gold stored at all locations was 651.4 trillion trillion (20,262 metric tons), and the year ended at 649.6 million troy ounces (20,206 metric tons).
Archibald McLeish returned to Congress in October 1944 after being held at Fort Knox and unveiled the Declaration of Independence and the United States Constitution.
As soon as he took office in 1939, Librarian of Congress Archibald McLeish expressed concern about the security of the library's valuables.
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During the Battle of Britain in the summer and autumn of 1940; McLeish asked the US Geological Survey for an underground repository for "valuable pictures and books" and "within a reasonable distance from Washington."
In December 1940, he directed the creation of a detailed catalog of the "indispensable" Library of Congress and the necessary storage space. He mainly focuses on "the factors considered most important for the history of democracy".
When it became clear that Congress would not fund the construction of a separate facility, McLeish looked for other options.
On April 30, 1941, he asked the Secretary of the Treasury for some of the thousands of cubic feet at Fort Knox for the most important items in the library. The secretary replied that he had offered the librarian a cubic foot of shrimp. With the end of subscription in July, it was determined that approximately 40,000 cubic feet would be needed to store all of the library's unique and irreplaceable materials, increasing the original offering to 60.3 cubic feet.
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These are: the US Constitution (originally signed); Declaration of Indepdce (Original signed); Lincoln's Second Inaugural Address (autograph original); Lincoln's Gettysburg Address (first and second autograph drafts); Gutberg's Bible (St. Blasius-St. Paul copy); Articles of Confederation (original signed); and Lincoln Cathedral's exemplary copy of the Magna Carta;
The items are packed in four boxes.
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