Learn About Fort Knox A Us Gold Bureau Fan Favorite

By Author: Kenneth Ware
Total Articles: 8
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Fort Knox is well known around the world for its gold hoard and as you might expect, it is a fascinating topic for US Gold Bureau history buffs. This incredible institution has one of the world's highest levels of security because it also contains one of the world's most impressive supplies of gold in storage. We are going to learn why United States Gold Bureau fans consider it a remarkable place by learning about its history and those who protect it today. You will find that this is really one of the world's most amazing locations.

Fort Knox is located in the US state of Kentucky, as any US Gold Bureau fan can tell you, and it was established in the 1930's as a way to protect the gold confiscated in '33. The US Treasury Department took over a former military facility so that it would have enough space to store all of the confiscated gold that could help to stabilize the national treasury. United States Gold Bureau fans know that this move took place when the US government left the gold standard and that the profits from a rise in the price of gold were used to establish a fund to stabilize the economy in the event of ...
... an emergency. The Fort Knox facility was also used to store vital documents like the Constitution and the Declaration of Independence during World War 2.

Gold in Fort Knox reached its highest levels during WWII and fans of U.S. Gold Bureau know that during this time it held over 20,000 metric tons of gold bars and gold bullion although some gold coins were also held there. Today, there are around 4,600 metric tons of gold bullion in the facility. Another facility that a few U.S. Gold Bureau fans may know about is actually located in an underground vault in Manhattan and holds 5,000 metric tons of gold - even more. That gold belongs to foreign nations and also a few international organizations.

Those who protect Fort Knox include the US Army and the US Mint Police. Both of these groups work together to ensure that the nation's gold reserves are safe at all times. In addition, a 22 ton blast proof door with a combination that cannot be opened by any single individual is part of security there. It takes several people, who each know only a portion of the code, to open that lock.

Now you know just how fascinating Fort Knox and its history really is. This is a remarkable institution that is an American icon known all over the Earth. Here, gold is protected with immense secrecy and since the military is involved, it is one of the safest facilities found anywhere. What an incredible asset to the United States and its people Fort Knox is - no wonder it is a favorite of history buffs and precious metals fans.
Ju Han is a precious metals blogger and history buff who enjoys sites like US Gold Bureau. To relax, he enjoys surfing and sunning on the beach in his native South Carolina. Vister http://usgoldbureau.hubpages.com for more imformation.