Life's Little Mysteries

How Much Gold is in Fort Knox?

News
By Corey Binns
published

gold reserves, bars of gold
There is about $130 billion in gold in Fort Knox.

To keep up with the country’s mounting gold reserves, the United States Bullion Depository opened at the Fort Knox U.S. Army Garrison in Kentucky in 1937. The first shipment of gold arrived from Philadelphia in trains surrounded by military troops.

Fort Knox is framed in steel with walls of concrete.

Despite the defense of a 20-ton steel door, a dirty rumor in the 1970s suggested that the gold in Fort Knox was gone. To quell people’s fears, the director of the United States Mint guided congressmen and journalists through one room of the vault, and its 8-foot-tall stacks of 36,236 bars of gold.

Each bar weighs 400 troy ounces according to the U. S. Department of Treasury. One troy ounce equals about 1.1 avoirdupois ounces. The entire stockpile now weighs 147.3 million troy ounces, which is worth about $130 billion at today's prices.

The building has also safeguarded the Declaration of Independence, Lincoln’s Gettysburg address, and the Magna Carta.

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Corey Binns
Corey Binns lives in Northern California and writes about science, health, parenting, and social change. In addition to writing for Live Science, she's contributed to publications including Popular Science, TODAY.com, Scholastic, and the Stanford Social Innovation Review as well as others. She's also produced stories for NPR’s Science Friday and Sundance Channel. She studied biology at Brown University and earned a Master's degree in science journalism from NYU. The Association of Health Care Journalists named her a Centers for Disease Control and Prevention Health Journalism Fellow in 2009. She has chased tornadoes and lived to tell the tale.