Mnuchin’s Fort Knox Quip: ‘I Assume the Gold Is Still There’
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Saleha Mohsin and Alister Bull
August 22, 2017, 1:52 AM GMT+8 August 22, 2017, 4:41 AM GMT+8
Only third Treasury secretary to visit U.S. Bullion Depository
$200 billion worth of gold, though not counted since 1953
U.S. Treasury Secretary Steven Mnuchin paid a rare official visit to Fort Knox to check out the nation’s gold stash on Monday -- while keeping an open mind for future film projects.
“I assume the gold is still there,” the former Hollywood producer quipped to an audience in Louisville, Kentucky, 40 miles (64 km) north of the U.S. Bullion Depository. “It would really be quite a movie if we walked in and there was no gold.” After the visit, he playfully reassured Americans the treasure was still secure.
“Glad gold is safe!” he wrote in a post on Twitter.
Fort Knox has been seared into the public imagination since the 1964 James Bond movie “Goldfinger,” in which the British spy, played by Sean Connery, foiled a plot to contaminate the nation’s bullion.
Mnuchin, whose action-film credits include ‘‘Mad Max: Fury Road,” “The Lego Batman Movie” and “Suicide Squad,” 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.”
LOL, I blogged about that as U.S. Treasury Secretary's Best Quote for 2017: "I Assume the Gold Is Still There" - when his comment was splashed over the worldwide propaganda mass apparatus.
A deceptive promo if I ever saw one.
Ronmamita
$200 billion worth of gold, though not counted since 1953 that is what they claim. but in reality it is not enough,why? the current economy, The U.S. debt is the sum of all outstanding debt owed by the federal government. It's currently $19.9 trillion. Here's the current Debt to the Penny. The debt clock in New York also tracks it.
Two-thirds is debt held by the public. The government owes this to buyers of U.S. Treasury bills, notes and bonds. That includes individuals, companies and foreign governments.
The remaining third is intragovernmental debt.
So what we need to do? go back to the old dollar and gold standard value. USA should have enough gold in storage to cover the trillion of dollars in debt, in this case is quite depressing and very opposite. SINCE WE NO LONGER FOLLOW THAT OLD STANDARD.
Have you noticed something strange about the debt and the debt clock?
I research and write about the monetary system and can't do the ponzi scheme a appropriate commentary here.
To be bluntly brief:
the debt ceiling was reached and hasn't budged for months because of what the U.S. Tresury Dept call "Extradinary mesures" to avoid a default... LOL this is a repeat of the last debt ceiling crisis then as soon as the U.S. Congress approved the higher ceiling the debt jumped a trillion in mere days.
The value of gold is manipulated, if the bankers wanted, the current amount of gold in storage could be revalued to the amount needed to settled the debt, but that is not what they want and I am convinced it will not happen.
As to the old standard(s), as it changed several times, that is dead and the documents show that it died and the new consensus was reached and ratified by all 189 countries (incl. but not limited to China, Russia, and the U.S.) members in the IMF.
So the plan is playing out as agreed to. The U.S.Dollar is to fall and the system reset for the digital economy and the rise of "virtual currencies".
This is by design and it is documented.
However the ruling class is not all powerful, and they may fail...
That is my aim, to make sure they fail and user in a new era with out debt bondage.
Ronmamita
1-The value of gold is manipulated?
I have to disagree partial on this one. WHY? WELL i HAVE AND STILL OWN SILVER AND GOLD BULLION COINS for WHICH i TRADED AND MADE MONEY PARTICULAR, WHEN THE GOLD-AND SILVER PRICES ARE HIGH. specially WHEN i BOUGHT THEM. at 900 dollars the ounce. Im talking the physical gold coin. The street value is 50 dollars, but whem you sell it at 1350 dollars the troy gold troy ounce is a profitable market, you take 2 ounce gold coin that you paid 999 individual and sell it at higher today's the for the price.
another example: 4 years ago I bought a 50 dollar back by a gold deposit, bill twas sold to me in a auction. i only paid 20 dollars for that particular sells. I was able to sell it for 150 dollars to a collector knowing you cant not sell it for money at a bank, but to sell it privately at a auction for 150 dollars was beneficial'
Yes, gold and silver always been manipulated by government, have your own reserve in case of an emergency is profitable and very nice.
another thing, you have to read and inform your self properly. one of my resources of information that i use is https://goldsilver.com/ this where I sarted to learn.
I fail to see any disagreement, making a profit with gold as national currencies' value decrease is to be expected even as the market is being manipulated.
I have silver bullion as insurance, and I am very familiar with Mike Maloney (goldsilver.com) who also reports on the bullion price manipulation.
I will always remember that Martin Armstrong said the markets have always been manipulated...
His point was, so what? The international monetary system (IMS) continues its cycles anyway.
My wish is to abolish the current international monetary system (IMS).
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