07-13-2009, 11:40 PM
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#1
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Franchise Player
Join Date: Jun 2008
Location: Spartanville
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Royal Canadian Mint still missing $15M of Gold.
And they have no idea where it is.
Accounting and book-keeping has been double checked and they're still half a ton short.
Quote:
So how then, did the mint lose track of 17,514 ounces of gold, and a smaller but undisclosed amount of silver and other precious metals?
That's the equivalent of almost 44,400-ounce gold bars, worth about $15.3-million. It apparently vanished between April and October, 2008, around the same time a new computerized inventory system was being implemented.
Almost 16,500 of the ounces disappeared from the gold refinery, a couple of orders of magnitude greater than the gold typically lost during the refining process.
An eight-month hunt by mint staff and external auditors ruled out recent accounting, bookkeeping and other internal errors. They're continuing to hope, and investigate the possibility, that production miscalculations or accounting errors before April, 2008 will explain the puzzle.
But with the most obvious possible explanations now discounted, speculation grows about a massive and clever theft.
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http://www.nationalpost.com/news/can...tml?id=1784168
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