{"id":46044,"date":"2019-05-12T06:32:25","date_gmt":"2019-05-12T11:32:25","guid":{"rendered":"https:\/\/olduvai.ca\/?p=46044"},"modified":"2019-05-12T06:32:28","modified_gmt":"2019-05-12T11:32:28","slug":"the-only-gold-the-us-shows-a-working-vault-at-west-point","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=46044","title":{"rendered":"The only gold the US shows \u2013 A working vault at West Point"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.bullionstar.com\/blogs\/ronan-manly\/the-only-gold-the-us-shows-a-working-vault-at-west-point\/\">The only gold the US shows \u2013 A working vault at West Point<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Every so often, US media coverage provides glimpses into the US Treasury\u2019s gold reserves stored with the&nbsp;<a href=\"https:\/\/www.bullionstar.com\/gold-university\/united-states-mint\">US Mint<\/a>. While this coverage never documents any of the claimed \u201cdeep storage\u201d gold of the US Treasury, it contains just enough suggestion for the populace to connect the words \u2018gold storage\u2019 and \u2018US Government\u2019, and then return to their daily routines, assuming that the US has the largest strategic gold reserves in the world.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Notably, these media features, which span mainstream financial media and coin \/ numismatic news sites alike, are also only ever limited to one single location where the US Mint stores gold, a \u2018working vault\u2019 at the&nbsp;<a href=\"https:\/\/www.usmint.gov\/about\/mint-tours-facilities\/west-point\" target=\"_blank\" rel=\"noreferrer noopener\">US Mint\u2019s facility in West Point<\/a>, New York. Images of this vault will be familiar to some readers, images which contain various pallets of 400 oz gold bars in front of a US flag and the walls of the storage room strewn with many years of scribbled visitor signatures .<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Such a media feature recently appeared on the WNYW network (Fox 5 New York) in April, when the Fox5NY crew took the trip about 2 hours north of Manhattan to the US Mint\u2019s bullion depository at West Point.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Along with its bullion depository in Fort Knox, Kentucky, and its minting facility in Denver, Colorado, the West Point Mint, located adjacent to West Point military Academy, is one of the&nbsp;<a href=\"https:\/\/fiscal.treasury.gov\/reports-statements\/gold-report\/current.html\" target=\"_blank\" rel=\"noreferrer noopener\">three claimed Mint storage locations<\/a>&nbsp;for the US Treasury\u2019s&nbsp;\u201cdeep storage\u201d gold reserves, and according to the US Treasury, there are 11 storage compartments at West Point storing 54 million troy ounces, or 1682 tonnes, of United States Government owned gold reserves. Which would be just over 20% of the 8133 tonnes of gold that the US Treasury claims to hold.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/static.bullionstar.com\/blogs\/uploads\/2019\/05\/US-official-gold-reserves-compartments.png\" alt=\"\" class=\"wp-image-20845\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The only gold the US shows \u2013 A working vault at West Point Every so often, US media coverage provides glimpses into the US Treasury\u2019s gold reserves stored with the&nbsp;US Mint. While this coverage never documents any of the claimed \u201cdeep storage\u201d gold of the US Treasury, it contains just enough suggestion for the populace [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[17309,1865,21499,2202],"class_list":["post-46044","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bullion-star","tag-gold-reserves","tag-ronan-manly","tag-us-treasury"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/46044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46044"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/46044\/revisions"}],"predecessor-version":[{"id":46045,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/46044\/revisions\/46045"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}