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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (88764)	8/14/2002 12:23:22 AM
From: long-gone	Read Replies (1) \| Respond to of 116786

3/3 The building is equipped with the latest and most modern protective devices. The nearby Army Post provides additional protection. The Depository is equipped with its own emergency power plant, water system and other facilities. In the basement is a pistol range for use by the guards. The gold stored in the Depository is in the form of standard mint bars of almost pure gold or coin gold bars resulting from the melting of gold coins. These bars are about the size of an ordinary building brick, but are somewhat smaller. The approximate dimensions are 7 x 3-5/8 x 1-3/4 inches. The fine gold bars contain approximately 400 troy ounces of gold, worth $16,888.00 (based on the statutory price of $42.22 per ounce). The avoirdupois weight of the bars is about 27-1/2 pounds. They are stored in the vault compartments without wrappings. When the bars are handled, great care is exercised to avoid abrasion of the soft metal. The Depository is headed by an Officer in Charge, who is responsible for ensuring the security of the gold. The guard force is composed of men selected from various Government agencies, or recruited from Civil Service registers. No visitors are permitted at the Depository. This policy was adopted when the Depository was established, and is strictly enforced. Eyeballing the Fort Knox Bullion Depository USGS photo 29 Mar 1998 terraserver.homeadvisor.msn.com. USGS photo 29 Mar 1998 terraserver.homeadvisor.msn.com. USGS photo 29 Mar 1998 terraserver.homeadvisor.msn.com. West Point Mint Facility usmint.gov. Located near the U.S. Military Academy in New York state, the West Point Mint manufactures the entire family of American Eagle proof and uncirculated coins in gold, silver, and platinum. The gold and platinum coins are manufactured in denominations of one-ounce, half-ounce, quarter-ounce and tenth -ounce. Silver bullion coins are manufactured in one-ounce denomination. Historical Background: The 'Fort Knox of Silver' and the Newest Mint Erected in 1937 as the West Point Bullion Depository, this was originally a storage facility for silver bullion and was nicknamed "The Fort Knox of Silver." From 1973 to 1986, West Point produced cents, and in 1980 began striking gold medallions. Shortly afterward, approximately 20 billion dollars worth of gold was stored in its vaults, making it second only to Fort Knox for gold storage. Today, it is also the major producer of gold coins. The red letter date for West Point was March 31, 1988, when it gained official status as a U.S. Mint. Today it is still a storage facility, but also manufactures, packages and ships gold and silver commemorative coins, and American Eagle Bullion coins in proof and uncirculated condition. Its Platinum Eagles have been very popular since their first issuance in 1997. In 2000, it struck the first ever Gold and Platinum Bi-Metallic Coin. Because of its extremely high security, the West Point facility does not offer public tours. Eyeballing the West Point Bullion Depository USGS photo 10 Dec 1998 terraserver.homeadvisor.msn.com. USGS photo 10 Dec 1998 terraserver.homeadvisor.msn.com.