still is the U.S. gold
repository. It is located within the US Army
's Armored Calvary site in Kentucky
near the Indiana
border. The site is named after George Washington
's artillery commander. Every officer and enlisted person in the Army's tank
divisions go through training there.
The gold depository was completed in 1936 during the Roosevelt administration. The collapse of the stock market and ensuing great depression saw the U.S. outlaw the ownership of gold. All U.S. reserves of gold and silver, including that turned in by U.S. citizens were moved to Ft. Knox upon its completion.
Its location within an active military site is no accident, Ft. Knox is one of the more secure installations in the world.
For the sake of accuracy, the United States did not outlaw the ownership of gold outright. It did however outlaw the private ownership of gold coins, gold bullion, and gold certificates by American citizens.