The Fort Knox Gold Scandal featuring Bill Still will be aired on the History Channel’s H2 channel Saturday, Feb. 4 at 10:00 PM EST or 9:00 PM CST.
Good evening from Washington. I’m Still reporting on the economy.
Well, finally, after 30 years of beating on the doors, the History Channel has finally taken notice of the Fort Knox gold story.
Just before Christmas, the History Channel filmed a segment with me to air on their new program, “America’s Book of Secrets” which runs on their new H2 channel. It will air this Saturday night, Feb. 4, at 10 pm eastern, 9 central on H2.
I first reported on the Fort Knox gold scandal in 1980 when I was running a small newspaper here in Loudoun County, Virginia.
At the end of World War II, the United States had over 700 million ounces of gold in Fort Knox, about 70% of the world’s supply. This was the greatest treasure in gold ever amassed in human history. So to protect it, Congress ordered that a physical audit of the gold be done every year.
In 1953, some 9000 bars — less than 0.5 of one-percent — were assayed and found to have an average weight of 28.9 pounds and to be better than 99.5% pure.
But mysteriously, in direct violation of Federal law, 1953 was the last time this the greatest treasure in gold ever amassed was audited.
Since then, the Treasury has merely given us their best guess at the gold reserves remaining. They claim that by 1959, only 558 million ounces remained, and by 1971, 291 million ounces. Today, Treasury still claims that 150 million ounces of gold remain in Fort Knox.
Interestingly, 1959 was the year author Ian Fleming published the James Bond novel, “Goldfinger”. Fleming was a highly-placed operative in the British Intelligence services during World War 2, and the grandson of British financier Robert Fleming, whose merchant bank was sold to JP Morgan Chase in 2000. “Goldfinger” of course, later became a James Bond movie which depicted a plot to steal all the gold out of the massive, subterranean “central core Vault” in the basement of Fort Knox.
Here is a hand-drawn depiction of the Central Core Vault drawn by the former Commanding General, Lt. Gen. John L. Ryan. General Ryan gave fascinating details about the construction of the building in this 1975 letter.
He said the Central Core could only be accessed by a “screw-lift” elevator. Experts say this would be a typical setup for lifting very heavy loads.
Could it be that Ian Fleming somehow knew that a real Fort Knox gold robbery was in the works?
In the early 1970s, rumors began to swirl that Fort Knox gold had disappeared.
By 1974, sufficient media pressure had been brought to bear so that Mary Brooks, then Director of the U.S. Mint, took 6 Congressmen and one Senator on a tour of Fort Knox with a few reporters. They were taken – not to the basement – the Central Core Vault – but to one of the smallest vaults in Fort Knox, Vault 13.
Here is a picture of Mint Director, Mary Brooks, taken on that day:
“It’s all here!” Reads the caption
However, visitors on that day noticed that the gold in that small vault had a strange orange color. This would be indicative of a high copper content, and not the .995 pure gold know as good delivery gold.
Another photo seems to support this theory. Here we see Rep. Gene Snyder of KY holding a U.S. Postal scale as Rep. John B. Conlan of AZ places a gold bar on it. When you enhance the image, you can see that the scale shows the bar weighing 22.25 pounds. A normal bar of .995 gold would weigh 28.9 pounds, nearly 30% more.
The Sec. of the Treasury tried to explain away this discrepancy by claiming that the scale was a common household scale and was defective. The photo shows, however, that it was an official postal scale, typically accurate to one ounce.
As a reporter, I knew in 1980 that the U.S. government was hiding something – something big. But at that time, I too, believed that a return to gold money was a good thing to do. It took me 15 years to figure out that gold was not the solution, especially because we – the U.S. govt – probably own no gold. It’s all probably been stolen. Yup, Fort Knox is most probably empty.
So tune into the History Channel’s H2 channel this Saturday at 10pm to learn more. And don’t forget I’m the only one fighting this battle effectively. We need money to do it. We need lots of small donations to www.still2012.com — but we need some big ones too. If you want to help take back the money power — which is the ONLY WAY to save this nation from drowning in a tidal wave of debt – please, please give, and ask your friends to give. If you are not an American citizen, please give to www.billstill.com .
I’m still reporting from Washington. Good night.
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