http://canadianfinanceblog.com/2009/06/30/royal-canadian-mint-missing-153-million-in-gold.htm The Canadian Source For Personal Finance Tue, 16 Mar 2010 21:12:35 -0600 http://wordpress.org/?v=2.9.2 hourly 1 http://canadianfinanceblog.com/2009/06/30/royal-canadian-mint-missing-153-million-in-gold.htm/comment-page-1#comment-535 jack stanley Tue, 30 Jun 2009 21:55:08 +0000 http://canadianfinanceblog.com/?p=768#comment-535 Good points and all have to be considered but I think the error will turn out to be incorrect inventory estimates to begin with. My guess is that a carefull examination of the sampling and assaying of the remelts and waste will resolve most of the issues. Some of this may have resulted in some sellers being paid for more than they delivered. Once this material reaches the anode stage it is extremely difficult to maintain inventory control until it ends up in the form of 9999 bars. Its unfortunate that this thing moved into the public arena before the mint had a chance to resolve it. Likely a "cover my butt" decision. Good points and all have to be considered but I think the error will turn out to be incorrect inventory estimates to begin with. My guess is that a carefull examination of the sampling and assaying of the remelts and waste will resolve most of the issues. Some of this may have resulted in some sellers being paid for more than they delivered. Once this material reaches the anode stage it is extremely difficult to maintain inventory control until it ends up in the form of 9999 bars.
Its unfortunate that this thing moved into the public arena before the mint had a chance to resolve it. Likely a “cover my butt” decision.

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