Fort Knox began losing its luster when the United States went off the gold standard in 1971. Before that, gold bars packed into a secure vault gave people faith in the country’s currency. Today, however, Fort Knox’s gold is now an asset on the Federal Reserve’s balance sheet, not a key part of our monetary system. read more
While the gold stored at Fort Knox peaked during World War II at slightly more than 20,000 tons, there is approximately 4,500 tons of gold stored there today. But that is not the entire sum of the gold reserves of the United States. read more
The United States Bullion Depository, often known as Fort Knox, is a fortified vault building located within the United States Army post of Fort Knox, Kentucky. The vault is used to store a large portion of United States official gold reserves and occasionally other precious items belonging or entrusted to the federal government. read more