TreasureNet
TreasureNet - The Original Treasure Hunting Website! TreasureNet - The Original Treasure Hunting Website! White's Metal Detectors - See What's In The Ground Before You Dig! Western & Eastern Treasures Magazine! J.W. Fisher's Underwater Search Equipment Kellyco Metal Detectors! Sedwick Treasure Auctions New England Detectors Big Boys Hobbies
White's Electronics
Minelab
New York State belt buckle Spanish Cob CONNECTICUT ONE PIECE MILITARY BUTTON Gold Signet Ring Civil War Camp Finds Celtic Gold Quarter Stater Maryland Militia Officer Button 1793 Flowing Hair Wreath and Bars Large Cent 2 and a half ounce nugget French Treasures 2011

Mint reveals how it lost a fortune in gold. You Believe them ?

« previous next »
233 views | Pages: [1]   Down
  Bookmark This! | Print  
MINELAB XS-2 Pro ....... XTERRA 305 ....... EXPLORER SE PRO

*
United StatesOffline
Posts: 32873
Joliett Schuylkill County

Primary Interest: All Types Of Treasure Hunting

Posted Dec 21, 2009, 02:41:08 pm

A series of miscalculations and blunders in the Royal Canadian Mint gold refinery dating back to 2005 were responsible for 17,500 troy ounces - a system of weights for precious metals - of gold going missing from the mint's Ottawa inventory count last October, the mint announced in a 12-page report.

http://www.windsorstar.com/Mint+rev...ost+fortune+gold/2367398/story.html

OTTAWA — More than $3 million in government gold was unwittingly sold off at a fraction of its value as refinery slag, while $8 million more was miscounted and never left the Royal Canadian Mint, the Crown corporation revealed Monday in a full accounting of how it lost track of a fortune in gold for a year.

"I want to stay as close to the edge as I can without going over. Out on the edge you see all kinds of things you can't see from the center."
Kurt Vonnegut
*
United StatesOffline
Posts: 2687
East Central Florida WP
Detector used Detector(s) Used - Whites XLT / M6

Reply To This Topic #1 Posted Dec 22, 2009, 06:22:54 am

No problem. Happens to the best of us. (cough, cough)

What's a few million in gold here or there. Honest mistake.   laughing7

My question is who is getting fired over this?  Anybody?   dontknow



Ray S ECenFL
Wolf Pack Member
Tags: mint reveals how lost fortune gold. you believe them 
Pages: [1]   Go Up
  Bookmark This! | Print  
 

RECENTLY FEATURED W&ET ARTICLES...
feature article feature article feature article feature article feature article feature article feature article





Copyright 1994-2012 TreasureNet (tm) All Rights Reserved.
Powered by SMF 1.1.16 | SMF © 2006-2011, Simple Machines LLC
SimplePortal 2.3.3 © 2008-2010, SimplePortal


If you've found this site entertaining or informative,
toss some appreciation in the tip jar.
TreasureNet Tip Jar
Treasure Hunting By State Treasure Hunting By Country Treasure Auctions






TERMS OF USE

TOP


Google visited this page Jan 05, 2012, 09:34:58 pm