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Big error behind missing gold at Royal Canadian Mint

Posted By admin On November 25, 2009 @ 5:00 am In Money Watch | Comments Disabled

CTV.ca News [1]
Wednesday, Nov 25th, 2009

RCMP have solved a bizarre mystery: How did $15.3 million in gold vanish from the Royal Canadian Mint? And while their report is still two weeks away, CTV News has learned the answer.

“Senior government officials say there was a colossal error at the mint itself,” said CTV Ottawa Bureau Chief Robert Fife on Tuesday night.

Mint officials double-counted some gold bullion they sold, and also underestimated the shrinkage of the gold during processing.

The federal government had withheld bonuses for mint executives until the mystery was solved. It’s unclear whether those bonuses will still be paid out.

Full article here [1]

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Big error behind missing gold at Royal Canadian Mint  FOTR 340x1692 [2] 

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URLs in this post:

[1] CTV.ca News: http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20091124/mint_mystery_091124/20091124?hub=Canada

[2] Buy the DVD here: http://infowars-shop.stores.yahoo.net/faofreprofba.html

[3] U.K.’s Royal Mint Uses 75% More Gold as Investor Demand Expands: http://www.prisonplanet.com/uk%e2%80%99s-royal-mint-uses-75-more-gold-as-investor-demand-expands.html

[4] U.K. Royal Mint Doubles Gold Output as Demand Swells: http://www.prisonplanet.com/u-k-royal-mint-doubles-gold-output-as-demand-swells.html

[5] US Mint Runs Out Of Buffalo Gold Coins, Will Not Restock: http://www.prisonplanet.com/us-mint-runs-out-of-buffalo-gold-coins-will-not-restock.html

[6] US Mint to Suspend American Eagle Gold 1-Ounce Coins: http://www.prisonplanet.com/us-mint-to-suspend-american-eagle-gold-1-ounce-coins.html

[7] U.S. Mint Sales of Gold Coins Jump to Highest in Three Years: http://www.prisonplanet.com/u-s-mint-sales-of-gold-coins-jump-to-highest-in-three-years.html

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