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The United States Bullion Depository, also known as Fort Knox, is a vault building that stores most of the U.S. gold reserves. It was built in 1936 on land transferred from the Army and is operated by the Treasury Department.
Learn about the history, price, and factors of gold as an investment. Gold is the most popular precious metal and has been used as money and a safe haven across many countries and regions.
Learn about the official gold bullion coin of the United States, authorized by Congress in 1985 and minted since 1986. Find out its specifications, designs, value, and history.
A gold reserve is the gold held by a central bank as a guarantee or a store of value. Learn about the wartime relevance, the IMF holdings and the top 50 countries and organizations by gold reserves as of 2024.
Learn about the 1933 executive order that forbade the ownership of gold coin, bullion, and certificates in the US, and its effects on the economy and the rare 1933 Double Eagle coin. Find out the rationale, exemptions, prosecutions, and repeal of the order.
The Gold Reserve Act of 1934 transferred all gold and gold certificates to the U.S. Treasury and raised the price of gold from $20.67 to $35 per ounce. This devaluation of the dollar increased the money supply, stimulated the economy and attracted foreign gold to the U.S.
The proportions of silver and gold can vary widely. Doré bars weigh as much as 25 kg. During the 19th century gold rushes, gold nuggets and dust were melted into crude gold bars mistakenly called "bullion" by miners. They were, more accurately, doré bars with higher contents of silver and other adulterants than the mints would accept.
Learn about the history, features, and uses of the U.S. dollar, the official currency of the United States and several other countries. Find out how the dollar is linked to gold, pegged to other currencies, and used in international transactions.
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