answersLogoWhite

0

1974- From Numismatic News:
Recognizing Rep. Philip M Crane, R-Ill., I asked him why he had suggested a tour of Knox.

"I suggested it because of rampant rumors that significant portions of our gold reserves were gone," he replied.

"I suggested it to William Simon [Secretary of the Treasury] because, if coupled with an audit, would serve to help gain confidence in the monetary system.

"I'll be satisfied with the audit," he said, noting that there was a previous one in 1953, just after President Eisenhower took office.

Crane noted he had held one of the 400-ounce brick (approximately 27 pounds) and noted its worth of $65,000 on the free market.

User Avatar

Wiki User

12y ago

Still curious? Ask our experts.

Chat with our AI personalities

ProfessorProfessor
I will give you the most educated answer.
Chat with Professor
BlakeBlake
As your older brother, I've been where you are—maybe not exactly, but close enough.
Chat with Blake
SteveSteve
Knowledge is a journey, you know? We'll get there.
Chat with Steve

Add your answer:

Earn +20 pts
Q: When was the last US fort knox gold audit?
Write your answer...
Submit
Still have questions?
magnify glass
imp