Treasury Secretary Steve Mnuchin paid a visit to Fort Knox on Monday to inspect our gold holdings at the US Mint’s gold bullion vault.
“I assume the gold is still there,” Mnuchin said in Louisville, Kentucky before traveling to the installation to view the $200 billion in holdings.
Mnuchin is the first Treasury chief to visit the gold vault in over 70 years. My question is why?
Surely he could have an accounting of the holdings on his desk in minutes, without schlepping to Kentucky. Of course in some circles it has been intimated that there was only an IOU in the vault as the gold reserves were pledged to our debt obligations.
However, after the inspection Mnuchin “playfully” reassured Americans the treasure was still secure.
“Glad gold is safe!” he wrote in a post on Twitter.
It just seems that Mnuchin would have more on his mind these days than taking a tour of Fort Knox. The debt ceiling and tax cuts would be two areas that would keep him in Washington.
And the fact he made light of the visit, by joking it would make a good movie if the gold was not there, all tell me there was a seriousness to this trip that belies the flippant nature of the remarks.
I will not even get into the brouhaha Mnuchin’s wife got into on social media over the trip.
Thar may be gold in the foothills of the Smokey Mountains, but I want to know who wanted the Treasury Secretary to go on the record and confirm it?