Munchin Announces that the Fort Knox Gold is "Safe" US Treasury Secretary Munchin paid a visit to Fort Knox and announced that the gold is "safe". Nobody doubts the gold is safe, there are tanks and military nearby. What people question is the re-hypothecation of the gold by the Federal Reserve via gold swaps and other "digital transactions". Corporate reports can be audited, personal tax returns can be audited, pretty much every financial transaction on earth is subject to audits. Reporting taxable income is essential to support sovereign public finances and a healthy society. For some mysterious reason, gold transactions by central banks are not reported. Has the Federal Reserve bought or sold gold during the last 10 years ? We will never know. Gold continues to be the most mysterious commodity on earth because so many transactions are not reported by ANYBODY. This makes gold very unique. We definitely want to see how the movie ends. :)