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... 

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Bam_Man's picture

Ummm, yes.

They (he) think you are THAT stupid.

Maybe even stupider, in fact.

jomama's picture

Considering who America voted for, yes collectively, we are that fucking stupid... and that goes for both 'sides' of the dividing line they successfully draw between the proles.

You would people would get sick of being assfucked by bankers and their stooges feeding them lies? Apparently not when they keep dangling that status quo carrot while pitting them against each other.

micmac's picture

not even close to pay the us debt fully 

Sugarcandy Mountain's picture

Largest military in the world. If only somebody would come along and aim the weapons in the right direction... "Debt? What debt? Here, have a tomahawk missile ya cheeky cunt."

jaxville's picture

I can hardly wait for the liquidatoin sale.  I always wanted my own F16 and a couple of W-84s.  I knew saving in gold would one day pay off.

R2U2's picture

"... First @USTreasury Secretary to visit since John Snyder in 1948..." 

hmm...

 

 

Miss Informed's picture

I wish he would have called me. I would have liked to tag along so I could have seen the gold too.

dirty fingernails's picture

I'd like to witness a destructive test to verify purity. Bets its tungsten with gold plating

BidnessMan's picture

Same concept as Copper Clad Aluminum Wire - a thin mist of copper on aluminum wire.  

https://en.wikipedia.org/wiki/Copper-clad_aluminium_wire 

WillyGroper's picture

rofl!

if that's not a red flag i don't know what is.

me doust think thou protest too much...and NOW?

gregga777's picture

The goyim ain't buying the crap that these lying Goldman Sacks banking gangsters are selling anymore. Deport them all to their Apartheid Israel homeland and hire real Americans instead.

Sugarcandy Mountain's picture

The goyim ain't buying the crap that these lying Goldman Sacks banking gangsters are selling anymore.

I wish that were true Greg but, seriously, take a look at the people around you on any given day. They're fucking unconscious. Cattle have more awareness of danger than most people today... so many narcissistic assholes. Barely anyone I know is even remotely interested in what is going down... too busy taking selfies (still!)

Ajax-1's picture

Truth be told, whatever is there is gold plated tungsten.

Ignorance is bliss's picture

Why is Mnuchin making a big production of visiting the gold in Ft. Knox? They said it themselves no U.S. Treasury Secretary has visited the vault since 1948. Why now? That's whats got me curious? Why is it important that the American people believe there's gold in Ft. Knox? Last I heard gold was a barbaric relic.

konadog's picture

That was my question. Unless Mnuchin weighed and measured every bar, what was the point?  Some shit show looks to be in the works.

gregga777's picture

Would there even be any Islamic terrorism, in Western nations, if in 1947 the United States had NOT led the United Nations to create the Crusader state of Apartheid Israel right in the middle of the Islamic world? Would there even be any refugees from Islamic nations? Hmmm?

* Would there have been the 1948, 1956, 1967 and 1973 Arab-Israeli wars?
* Would there have been any Arab oil embargoes?
* Would there have been any wars in Lebanon?
* Would there even be such organizations as the PLO (Palestine Liberation Organization), Black September, Hamas, Hezbollah, Al Qaeda, Al Qaeda in the Arabian Peninsula, ISIS and many, many others?
* Would Iran allegedly even be motivated to develop nuclear weapons if it were not for the 100-400 nuclear weapons developed by Israel from fissile materials provided from the US Savannah River nuclear facility?
* Would the US be bogged down in unwinnable wars, for the glory of Greater Apartheid Israel, in Afghanistan, Iraq, Syria, Libya, etc., with tens of thousands of killed and wounded, millions of dead civilians, $ trillions wasted because the Israeli people don't want their own people killed?
* Would Europe be overrun with millions of Muslims seeking asylum outside their war ravaged countries?

To date, Israel has been the beneficiary of approximately $125 billion (not adjusted for inflation) in U.S. foreign aid, an unimaginable sum, more than any other country since WW II, and which is slated to further increase to some $165 billion (also unadjusted for inflation) by the end of the new ten-year aid package in 2029.

U.S. aid constitutes some 3 percent of Israel's total state budget and about 1 percent of its GDP. U.S. aid constitutes some 20 percent of the total defense budget, 40 percent of the IDF budget, and almost the entire procurement budget.

When the American People as a whole turn against Apartheid Israel it isn't going to be pretty.

Farqued Up's picture

The Babylonians created Israel for the Christians, the greatest Zionists. The Baal worshipping, kidnapping child raping, pedophiles are only putting on a show for the Rh+ goyim. What better way to keep the MIC funded than to keep Christians in a constant hate for the A-RABS for the never changing "eternal war for eternal peace"!

Once they unhooked their ass wagon from the gold tie for the green full faith and credit currency it started the glide to doom. It had to be expected given their culture of manipulation, deceit, theft, and hatred of their own kind. As they recognized the rapid deterioration of the unanchored currency, just like the Soviet Union they are grabbing everything not nailed down plus the stuff that is. Print worthless fiat and buy going companies through the Wall Street casinos. THE GLIDE IS NOW IN A DEATH SPIRAL.

They have to be stopped and I don't see Trump as the High Sherriff with his snot nosed Kushner and McMasters hanging around. Let's hope there are patriots in the military that will put a stop to this shit while they can. Yeah, I understand what I'm saying but with dumbed down Americans never having been taught the principles of our Constitutional Republic, it's the only avenue. Meanwhile, keep stacking and prepping.

Silversides's picture

I had some gold once....then umm, one day I was in my row boat fishing and.....

ShortCommonSense's picture

Honestly, if the claim is only that they have 200 billion in gold, I'm more inclined to believe it may very well still be there.  200$B is chump change, not worth even stealing when you can fleece entire economies. 

holdbuysell's picture

The fact that he actually went through these (rare) motions speaks volumes...

navy62802's picture

Well, if Mnuchin says it is so, then it must be so ... RIGHT? Whatever ... just keep building the dealer's stack if you know what's best for you. You better have a stack of Krugerands or some other form of gold when the shit hits the fan. And I fear that time is close at hand. Don't listen to the shills, even those in the Trump admin. You need to have physical assets if you wish to survive the coming societal collapse.

Sugarcandy Mountain's picture

You're gonna need some other physical assets to protect it with and the will to use them. I hear lead projectiles do the job quite nicely.

Tick tock, tick tock.

Bam_Man's picture

I believe him.

He looks like such a nice Jewish boy.

Why would he be lying to us about this now?

ROFLMAO and buying MOAR precious tomorrow.

 

Drop out's picture

Gold is just metal. How many dollars is it worth again?

Sugarcandy Mountain's picture

However much the Red Shields wish it to be worth.

dirty fingernails's picture

"Aaannnd its gone. It's all gone, kid."

Father ¢hristmas's picture

So on the day of the Great American Solar Eclipse, Donald Fucking Trump told you we would be in Afghanistan forever, and one of his Jew handlers, with a chuckle and snort, told you your gold was safe.

 

"This deal is getting worse all the time."

ShortCommonSense's picture

Stop giving me proper perspective.  I was happy with my view partially obstructed by exhaustion. 

DoctorFix's picture

Are you shitting me?!!!...  only the third in 70 god damned years!  Jesus fucking christ...

Soul Glow's picture

Safe in Lord Rotheschilde's laire.

GoinFawr's picture

"It's unclear if Mnuchin was envisioning a comedy or a drama"

 a tragedy, obviously.

Tubs's picture

No no he said "God is Safe"!

Yellow_Snow's picture

Thank God, I'm so glad he checked... I was so worried, I thought it would be empty... Now I can sleep good tonight  :)

lester1's picture

Mnuchin is lying. I know first hand the gold is nearly all gone, sold to China in exchange for them buying US Treasuries.

 

konadog's picture

Do tell - what is your first hand knowledge?

stormcrow's picture
'When it becomes serious, you have to lie' -- Jean-Claude Juncker

Show us the bar lists with real serial numbers, you obfuscating fuckers, and I don't mean your bullshit phony inventory numbers. What are you hiding?

ZazzOne's picture

When you're 20 TRILLION dollars in debt to the Rothschilds (via The Federal Reserve), then you own no gold!!! Not only do you own no gold, half our federal lands are signed over as well!!!!!

Sugarcandy Mountain's picture

In defence of the magic mulatto (spit), he was only responsible for $10,000,000,000,000 of that debt over his 8 years.

You should apportion at least some of the blame on the other 43 presidents before him who racked up the first $10 trillion over the span of 220 years.

/s

sinbad2's picture

Actually it was Johnson who sold the gold, and then Nixon took the rap.

But you are right in one way, if Obama had just allowed the collapse to happen, the economy would be growing again by now.

Oh what a tangled web we weave, when first we practice to deceive.

JBPeebles's picture

Did the timing of his visit matter? I mean if he assumed the gold was there then he hadn't the need for the visit. So his visit demonstrates a lack of faith. Iif you actually had to see how the sausages are made that's indicative of a problem one must confront not one that doesn't need to be investigated.
So the gold isn't all there or it isn't gold but tungsten. Mnuchin must've gone to ascertain how much of it was really there. He wouldn't have entertained the possibility of tungsten thus not needed to weigh or do anything more than look.
Tungsten-coated bars actually weigh very close to real gold. Atomic scale is required or perhaps a sonic reverberation device. Rumors abound of tungsten bars. To verify that the gold is not tungsten a months-long comprehensive audit is required. 
We don't know how long Mnuchin was inside the vault, but we can't assume he had time to test much of anything. A more appropriate response upon leaving may have been "what I saw looked like gold."
Audit protocols don't apply to the gold allegedly stored at Ft. Knox. This is true with the Federal Reserve Bank of New York's vault as well. Just today, the gold holdings of the Federal Reserve--along with that of other central banks--came under scrutiny in a Wall Street Journal front-page article questioning the Fed's claims.
In both cases, the lack of an independent audit suggests malfeasance and obfuscation in the exercise of custodial practices.
In Fort Knox's case, there's no way a real audit could have been conducted in Mnuchin's visit. And why would an acting Secretary want it to be known that the gold was tungsten or not even there? The actuarial justification for an audit exists for a good reason--GAAP and accuracy in the numbers combat the conflict of interest assumed to be inherent in the role of any fidicuary. The need to protect the previous actuarial lie justifies perpetuating the lie not ascertaining the truth. And Mnuchin's responsibility is so much more important that an actuary yet how can he claim the gold exists in an unaudited and unknown quantity?

 

 

joey stalin's picture

Oh, BS.  Mnuchin didn't need to audit the gold.  Climate Science has proven beyond a shadow of a doubt that Jews can smell gold from some distance, and determine the quantity and purity instantaneously.

blue51's picture

If you want to secure a large amount of gold from the yids , you would have to put it in the basement of a store , that only sold Tools & Workboots . (( They )) would rather slice their wrists , than enter such a place .

Mena Arkansas's picture

So he was sizing up the remaining gold - if there is any - to determine the logistics to smuggle it to Tel Aviv like the WTC, Libya and Ukraine gold?

Clowns on Acid's picture

What happens when China has its gold stash audited and then Russia has its gold stock audited....and then they ask...show us YOUR gold ...?

Yellow_Snow's picture

So Mr. Mnuchin, went to check Ft. Knox's gold vault in an 18 wheeler...