Who's Minding The Royal Canadian Mint? 17,500 Ounces Of Gold Missing.

Discussion in 'World Coins' started by Hobo, Jul 14, 2009.

  1. Hobo

    Hobo Squirrel Hater

    Last October a routine audit indicated that 17,514 ounces of gold (and a lesser amount of silver) was unaccounted for at the Royal Canadian Mint in Ottawa. For the past 9 months the RCM has tried to determine if they made an accounting mistake or if they have indeed lost $15 million in gold or been the victim of a major theft.

    Major heist at Canadian mint suspected

    After a 9-month review accounting, bookkeeping and internal errors have been ruled out. Speculation is now focused on theft and how 17,500 of gold could have been stolen from a high-security facility like the RCM.

    Thieves might have smuggled mint gold in acid

    OK, so math is not the reporter's strongest subject. (17,514 ounces of gold is not equivilant to 44,000-ounce gold bars (whatever that is)).

    But the questions remain - Did the 17,514 ounces of gold exist and, if so, how did it disappear? If the gold was stolen how was it stolen?
     
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  3. green18

    green18 Unknown member Sweet on Commemorative Coins

    That's a lot of PM to disappear in a short period of time.
     
  4. De Orc

    De Orc Well-Known Member

    Oh boy I bet there are a few rather embarased people in the Canadian mint at the moment :D
     
  5. green18

    green18 Unknown member Sweet on Commemorative Coins

    Check everyones pockets........
     
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