The question is asking for the name of the city where the silver depository is located, not the official name of the Military Academy which is probably why billfay's answer is worded the way it is.
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 United States 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.
http://www.usmint.gov/about_the_mint/mint_facilities/index.cfm?flash=yes&action=WP_facilities
The West Point Mint continues to operate as a gold bullion depository for the federal government. Silver is also kept on hand, but only in quantities sufficient to meet silver coinage demands.
http://www.us-coin-values-advisor.com/west-point-mint.html
