Fort Knox: “Glad Gold Is Safe!”

by Gary Christenson , Deviant Investor:

Secretary of the Treasury Steven Mnuchin visited Fort Knox on August 21. He tweeted “Glad gold is safe!” He told an audience in Louisville, “I assume the gold is still there.”

The Fort Knox Gold was last audited in the 1950s. Secretary Mnuchin’s statements were not helpful. Questions:

  1. The gold is safe, but where is it? Has most or all Fort Knox gold been shipped to Asia?
  2. How much gold is safe? A few bars? Hundreds of bars in a locked and dimly lit room visible only through a small window? Was it gold or gold plated tungsten?
  3. Does his assurance reduce suspicions of “missing gold” or encourage those speculations?
  4. To whom does it matter if the gold is safe? Total value at current prices for the Fort Knox gold supposedly vaulted is about $200 billion. The annual U.S. government deficit is several times that amount. The official national debt is 100 times larger. Yes, it is important if the gold is vaulted, as claimed, or missing. The truth should be reported.
  5. Will the truth be more unsettling than the suspicions of “missing gold?”
  6. When will an independent and comprehensive audit be conducted?
  7. Assuming a “cover-up” exists, what information besides “missing gold” has been concealed?

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From an article posted April 5, 2016:

Fort Knox Paradox

 

Officially the Fort Knox Bullion Depository contains 147.3 million ounces of gold. However, the last audit was performed over 60 years ago. According to reliable sources “audits” since then have been incomplete and inadequate.

Second Thoughts on US Gold Reserve Audits

Hiding the Elephant: Fort Knox’s Vanishing Act

Doubts about America’s Gold Holdings

Question: If the Bullion Depository contains over 147 million ounces of gold, why not audit it, prove the existence of the gold, and eliminate speculation? The US government spends over $70 billion on “food stamps” every year and nearly one $ Trillion per year on “defense,” so cost is not the issue.

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