When was the original gold deposit placed in Ft. Knox?
The U.S. Gold Bullion Depository at Ft. Knox was built in 1936. In the first six months of 1937, 445,501 gold bars, weighing 157,820,192 troy ounces, were brought by train from the New York Assay Office and the Philadelphia Mint. The gold was valued then at $5.52 billion. What does the term “red and brown” mean? This is a grading term, applied to copper-alloy coins, such as the U.S. cent, with original mint luster and color in some areas, some darker. A “full red” coin has its mint-state color. A lot of the ads in your publication refer to coins as investments, yet your column refuses to give investment advice. How come? Would you ask your barber for advice on purchasing gold mining stock? Or would you aske your mailman’s thoughts on the potential of your antique grandfather’s clock? This column is intended to answer questions with factual answers, and not to offer investment advice – a topic for which you’ll find a thousand experts happy to take your money. How much weight did a gold
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