Mid-1900s Us Army Post, Fort Knox, Ky, Us Gold Bullion Depository Postcard
This item has been shown 5 times.
Mid-1900s Us Army Post, Fort Knox, Ky, Us Gold Bullion Depository Postcard:
I have for sale one Mid-1900s US Army Post, Fort Knox, KY, US Gold Bullion Depository Postcard.
Buy as many postcards as you want and pay only $0.95 for shipping (international rates vary).
Returns accepted. All orders shipas United States Post Office (USPS) First ClassMail in a white envelope.I will includea light cardstock reinforcement to protect your purchase. The USPS typically delivers First Class Mail within 3-5 business days, but occasionally takes a little longer. Thank you for your business!
In 1933, U.S. President Franklin D. Roosevelt issued Executive Order 6102, which outlawed the private ownership of gold coins, gold bullion, and gold certificates by American citizens, forcing them to sell these to the Federal Reserve. As a result, the value of the gold held by the Federal Reserve increased from $4 billion to $12 billion between 1933 and 1937. This left the federal government with a large gold reserve and no place to store it. In 1936, the U.S. Treasury Department began construction of the United States Bullion Depository at Fort Knox, Kentucky, on land transferred from the military. The Gold Vault was completed in December 1936 for US $560,000. The site is located on what is now Bullion Boulevard at the intersection of Gold Vault Road. The building was listed on the National Register of Historic Places in 1988, in recognition of its significance in the economic history of the United States and its status as a well-known landmark. It is constructed of granite quarried at the North Carolina Granite Corporation Quarry Complex. The first gold shipments were made from January to July 1937. The majority of the United States' gold reserves were gradually shipped to the site, including old bullion and newly made bars made from melted gold coins. Some intact coins were stored. The transfer used 500 rail cars and was sent by registered mail, protected by the U.S. Postal Inspection Service, and the U.S. Treasury Department agents. In 1974, a Washington attorney named Peter David Beter circulated a theory that the gold in the Depository had been secretly removed by elites, and that the vaults were empty. A group of reporters was allowed inside in order to refute the theory, which had gained traction thanks to coverage in tabloid newspapers and on the radio. Other than this 1974 event, no member of the public has been allowed inside. During World War II, the depository held the original U.S. Declaration of Independence and U.S. Constitution. It held the reserves of European countries and key documents from Western history. For example, it held the Crown of St. Stephen, part of the Hungarian crown jewels, given to American soldiers to prevent them from falling into Soviet hands. The repository held one of four copies (exemplifications) of the Magna Carta, which had been sent for display at the 1939 New York World's Fair, and when war broke out, was kept in the US for the duration. During World War II and into the Cold War, until the invention of different types of synthetic painkillers, a supply of processed morphine and opium was kept in the Depository as a hedge against the US being isolated from the sources of raw opium.