Mnuchin Visits Fort Knox, Says "Gold Is Safe"

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... 

Comments

nmewn RAT005 Tue, 08/22/2017 - 06:33 Permalink

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 ;-)

In reply to by RAT005

SerfsUp RAT005 Tue, 08/22/2017 - 11:52 Permalink

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."

In reply to by RAT005

Give Me Some Truth kliguy38 (not verified) Tue, 08/22/2017 - 08:50 Permalink

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 .

In reply to by kliguy38 (not verified)