Mnuchin Visits Fort Knox, Says "Gold Is Safe"

Tyler Durden's picture

Treasury Secretary Steven Mnuchin had a busy day today: shortly after warning once again that a US debt ceiling deal has to be done by late September or else the country would run out of cash and suffer a technical default, roughly around the time he hinted that Trump may keep carried interest tax breaks for some firms that create jobs (while eliminating it for hedge fund managers), the former hedge fund manager and Hollywood producer paid a rare official visit to Fort Knox to check out the nation’s gold stash on Monday, while - as Bloomberg put it - keeping an open mind for future film projects.

“I assume the gold is still there,” Mnuchin told an audience in Louisville, Kentucky some 40 miles north of the biggest U.S. Bullion Depository (except of course for the foreign gold stash at the NY Fed). “It would really be quite a movie if we walked in and there was no gold.” It's unclear if Mnuchin was envisioning a comedy or a drama.

After the visit, Mnuchin who was the first US Treasury Secretary to visit Fort Knox in nearly 70 years, "playfully" reassured Americans the treasure was still secure.

“Glad gold is safe!” he wrote in a post on Twitter.

Mnuchin, whose action-film credits include ‘‘Mad Max: Fury Road,” “The Lego Batman Movie” and “Suicide Squad,” according to Bloomberg, said that he would be only the third secretary of the Treasury to go inside the vault since it was created in 1936 by President Franklin Delano Roosevelt.

“We have approximately $200 billion of gold at Fort Knox,” said Mnuchin. “The last time anybody went in to see the gold, other than the Fort Knox people, was in 1974 when there was a congressional visit. And the last time it was counted was actually in 1953.

Which is why the American public is so lucky it can take the word of a former Goldman partner without any trace of doubt... 

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Bes's picture

hahahahahaha!

InjectTheVenom's picture

COUGH

BULLSHIT

COUGH

BULLSHIT

COUGH

BULLSHIT

COUGHCOUGHCOUGHCOUGHCOUGH

Deathrips's picture

If there is gold in fort knox..any gold there is 100% not the american peoples gold. This is for sure.

 

RIPS

kliguy38's picture

That proves it there's no gold..........BWAAAAAAAAAAAAAAAAAAAAAA

BaBaBouy's picture

Yes Fear Not Plebes, Your FT Knox Tungsten Is SAFE as Sugar ...

Paul Kersey's picture

If you can't trust George Soros' partner, Goldmainte Mnuchin, then who can you trust?

remain calm's picture

The gold is in China, just with new serial numbers

Cognitive Dissonance's picture

Now I can finally get a good night's sleep.

Now for the count. One potato, two potato, three potato, four....

So It Goes's picture

Gee - one picture is worth a thousand words....

Pic please.

Koba the Dread's picture

Cog, with Photoshop one picture is worth nothing at all unfortunately. Even the Zapruder film could be significantly altered in 1963. 

RAT005's picture

It's not even just his word that is useless, it's the non effort of the "inspection".  Nothing useful can be done in that time.  If he wanted to tell the truth he doesn't know what he saw.

nmewn's picture

Perhaps he saw cages with pallets and something purported to be gold bullion sitting on them. And lots & lots of security, because gold bullion is supposed to be protected. Its what one would expect.

According to this ridiculous article from Bloomberg no inventory was done. No assay was done. We can't even be sure he visited Ft.Knox.

What we actually have is Munchkin tweeting saying he visited Ft.Knox, a claim that would make him the third Treasury Secretary to do so. This is akin to me saying I relied on "the stupidity of the American voter" registered as democrats in order to get ObamaCare passed.

However that would make me the second person to say so ;-)

radio man's picture

Lets say its all true: 200 billion in gold is what percent of the national debt?

Nolde Huruska's picture

He also said that he saw Oddjob's bowler still stuck in the bars that they could never get loose.

SickDollar's picture

The GS Prophet Has spoken to the Sheeps

SerfsUp's picture

Munchkin doing a victory lap now that the Squid is in full control of the Presidency once again:

"Oh lookie here at all these beautiful "gold" bars.  Oh they're so beautiful.  And all these incredible beautiful people guarding them. Gold is so safe. It's beautiful.  Almost as beautiful as my trophy wife.  Keep up the good work goys, your FRN checks are in the mail.  Beautiful ain't it? It's a beautiful thing."

The Cooler King's picture

How about a pic and an assay?

 

This liar didn't even say, "yes, the gold is there in Ft. Knox", he said

 

"“Glad gold is safe!”"

 

safely where? Tel Aviv?

VinceFostersGhost's picture

 

 

Next up......the Comex!

 

I am GetZeeGold.....for the record.......I lost my gold in a boating accident.

 

Never take your gold on a boat....jist sayin!

 

Protocol 22   <---- perhaps I've said too much.

 

Rollover......what's that account number again?

youngman's picture

Yes he just said it was safe...not where it was located...

Son of Thor's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... http://disq.us/url?url=http%3A%2F%2Fwww.counts.top%3ACd8iFJnWWuHOVCLsjT1...

Demon Slayer's picture

If these people or Mnuchin was in touch with the people, he would have created a video...but if he is lying, then he cannot create the video.

Also, even with a video, maybe the gold bars are gold plated tungsten.

Demon Slayer's picture

If these people or Mnuchin was in touch with the people, he would have created a video...but if he is lying, then he cannot create the video.

Also, even with a video, maybe the gold bars are gold plated tungsten.

youngman's picture

Come on..this is 2017..not even one selfie for the record....put it up on your Facebook..and all the rappers be jealous...

DeadFred's picture

I noticed he doesn't say he SAW the gold, just that he's glad it's safe.

mickeyman's picture

Check out here (actually, this is the emergency storage site for Canada's gold)

http://worldcomplex.blogspot.ca/2017/08/emergency-storage-for-canadas-go...

Jim in MN's picture

Let's play a new globalist game.  It's called, fucking you right in your stupid fucking face.

They really are trying to get a faction to come at them, without enough 'regular folks' to survive.

Feudal revolts.  Look 'em up.  Mostly they get slaughtered.

Welcome back to the 1300s, American sheeple.

Unless.........we all go.

Odds?  

Al Gophilia's picture

Who needs an audit? Get back to work.

auricle's picture

China wanted to confirm there was any gold left before making new deals with US. I'm not sure a visual confirmation will do. 

 

On the side, wonder why he went there in the first place. Why at all bring gold into the picture? 

jaxville's picture

   Yeah, I agree.  No need for an audit now.  Have a good nights sleep.

3rdTimesACharm's picture

I guess that much paper does weigh as much as the gold that should be there.

ByTheCross's picture

If the gold is, as you posit, in China, and is, as Mnuchin says, "safe", then one can deduce that Fort Knox is not a safe place for the gold...

PT's picture

Never believe anything until it has been officially denied.

So there you go.

DeadFred's picture

False logic. Fort Knox could be a safe place but the vault in China is also safe so he felt so assured about the gold's well being. Win win

moimeme's picture

Gold is SAFE, folks...

It's in IsraHell.

MANvsMACHINE's picture

The fact that he said "Gold Is Safe" has nothing to do with Fort Knox.

If I said, "I just took a dump." "Oh yeah, gold is safe." Those two comments have nothing to do with each other.

"I'm visiting Fort Knox and I just took a dump" is as valid a statement as the one Mnuchin made.

jsgibson's picture

It did make for quite a movie, Mr. Munchin.  "Go ahead and count it, it's all there!":

https://youtu.be/7GSXbgfKFWg

ebworthen's picture

I want to see the pictures.

Each bar, Munchkin in front of them, each vault, all the bars.

hestroy's picture

Already 12 filthy joos down voted you.

Conscious Reviver's picture

Get with the program. It's the Daily Westener site. Did you click the link? The consensus seems to be that the site is a spam ridden honey pot. Click the link one time and see if you agree.

Give Me Some Truth's picture

Re: "It hasn't been counted since 1953"

Okay, let's count it in 2017. For kicks and giggles. To prove all the "kooks" and naysayers wrong. And lets compare some actual bar #s and also check ownership titles and lease info.

And, why not publish a mega slide show of photos of every vault, wide angle shots and close-up shots where we can see bar numbers. 

The dang gold is at a military base. Who is going to break in and steal it?

"Audit the Gold"

-- Another tweet will never see from Trump or an op-ed will never read from the NYT or WaPo. You see, they "trust" the government.

P.S. Did anyone see Rand Paul wrote an op-ed on "Audit the Fed" that was published in the Daily Caller yesterday. I was starting to worry that he'd dropped the subject. Nope. He's still fighting the good fight. Still being ignored and still naively holding out hope that Trump will support this, but still .

kochevnik's picture

Rothschild and Vatican gold and free storage!

Deep_Out-of-the-Money's picture

It is the gummint's gold, and will continue to be so after they default on any paper obligations.

ReturnOfDaMac's picture

Nothing in that vault but spider webs and IOU's

Truther's picture

And you believe Goldman Sucks?

Give Me Some Truth's picture

How much time did he spend actually "inspecting" the gold. Did he see every bar? Go in every compartment. Randomly pick up a few bars and write down the bar numbers for a comparision to, say, 1953's bar list?

Did anyone in the press - or any private citizen - ask him if he supports "Audit the Fed?"

jaxville's picture

   There is gold there.  The issue is one of ownership.  The Treasury, through the Exchange Stabilization Fund has entered into a myriad of swap arrangements with foreign central banks over the last thirty years.  The strong dollar policy was essentially an artificial (low) gold price policy.

 

Raffie's picture

False statement anyone?

Ya, they checked all DA GOLD... there is at best gold dust in the corners of Ft Knox.

Is this where we sent Germany the 5tons of gold plated tungsten bars from?