Royal Canadian Mint can't account for missing gold

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DrKrbyLuv's picture
DrKrbyLuv
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 1995
Royal Canadian Mint can't account for missing gold

 

OTTAWA — A significant quantity of gold, silver and other precious metals is unaccounted for at the Royal Canadian Mint.

External auditors are investigating a discrepancy between the mint's 2008 financial accounting of its precious metals holdings and the physical stockpile at the plant on Sussex Drive in Ottawa.

The mystery raises possibilities from sloppy bookkeeping to a gold heist.

Officials with the commercial Crown corporation are saying little and refuse to confirm the amount and value of the unaccounted for gold, silver and palladium.

 

"An unprecedented demand in gold in 2008 has led to an unreconciled difference between the mint's financial statements and the physical count of precious metals. There's a difference there that we're looking into,"

"The rigour of our production standards is equalled by the stringency of our security protocols, which are implemented at every level of refinery operations," according to the mint's website. "The refinery is a restricted environment controlled by security personnel supported by state-of-the art surveillance technology."

déjà vu all over again...U.S. Gold, Going or Completely Gone?

Larry

Ruhh's picture
Ruhh
Status: Gold Member (Offline)
Joined: Nov 12 2008
Posts: 259
Re: Royal Canadian Mint can't account for missing gold

Damn! I always wanted a job at the Mint!

I guess they'll be selling the Mint off sooner or later. Anyone wanna go splits on it?

Canada to sell off it's cherished assets while they buy up useless ones (GM)
http://www.theglobeandmail.com/news/nati...

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