The Golden Secret
Did you know that most of America’s gold is stored in a vault* at Fort Knox? This bunker in the heart of Kentucky is one of the most secure and secret places in the United States. However, the main reason why the gold storage is a subject of fascination and speculation is the fact that very few people have ever got inside.
Its history begins in 1935. The world had only just recovered from the Great Depression, and there were already fears connected with the situation in Europe and the rise of Adolf Hitler. Many wealthy Europeans were transferring their fortunes to the United States. Additionally, President Franklin Delano Roosevelt issued Executive Order 6102. According to this order, the Americans had to sell their own gold to the government. As a result, large quantities of gold accumulated in the reserve vaults. By 1939 the amount of this precious metal had risen to over 15,641 tons.
At that time the gold was stored in various locations, including New York and Philadelphia, which were cities located by the coast. And that is why they were an easy target of potential external attacks. Consequently, the Treasury Department decided to build a new storage and move the reserves away from the coast for security reasons. Among several proposed locations, Fort Knox in Kentucky was chosen. It was the site of a US Army base organised around fortifications built in 1861 during the Civil War. The continuous military presence was the most important reason for this choice.
Fort Knox was constructed in 1937, which means it is more than 80 years old now. Despite its age, the structure is solid and impossible to break into. The roof is so strongly built that it is bomb-proof. The main vault door cannot be opened with explosives or drills – it is 21 inches thick and weighs more than 20 tons. The facility is surrounded by a steel barbed-wire fence. It is also guarded by high-resolution thermal cameras, microphones and other equipment which detects the slightest sounds. In addition, Fort Knox has its own police force – the Mint Police, who are not part of the state police. The Mint Police officers are carefully selected by the US Mint Headquarters in Washington, D.C. They must complete a rigorous training programme and pass a detailed background check. Other security measures are in place, too. That means no one knows the complete entry code to access the gold vault. Instead, this password is divided up among several people. Even information about who knows a piece of the combination is classified.
The Fort Knox Gold Reserve is not open to the public. For security reasons, no outsiders are allowed inside to see the gold. Even the President of the United States does not have access to Fort Knox. Only one president has ever entered the vault – Franklin Roosevelt. In 1943, Roosevelt was worried that it was not secure enough to protect the gold reserves from an enemy invasion. As a result, he travelled to Kentucky to inspect the place himself and reportedly was very satisfied with the security measures which he was shown.
Apart from the American President’s visit to the vault, the rule of not letting anybody inside has only been broken two more times so far. In 1974, members of Congress visited it with journalists to prove that the gold was really in the vault and show that a popular conspiracy theory claiming it wasn't there was false. The third and most recent visit took place in 2017 when Treasury Secretary Steven Mnuchin inspected the Fort Knox Gold Reserve.
This facility is so secure that it has been used for special deposits from time to time. During World War II, the original Constitution and Declaration of Independence were secretly moved to Fort Knox for safekeeping. They returned to Washington in 1944. Two other historically important items have also been kept there. The original Magna Carta, one of the most important English historical documents, was taken to Fort Knox to protect it from the Nazis. It was returned to England in 1947. Moreover, during World War II, the Holy Crown of Hungary was secretly hidden at Fort Knox because the leaders of Hungary were also afraid it would fall into Nazi hands. The crown remained in Kentucky long after the war ended. It was given back to a Hungarian delegation in 1978 and it makes it the longest kept special deposit in the vault.
*vault – a special place where money, jewellery and other valuable objects are kept