6.04.2009

Royal Canadian Mint can't account for missing gold

http://www.ottawacitizen.com/Business/Mint+account+missing+gold/1656084/story.html
http://suburbanprepper.files.wordpress.com/2008/08/shiny-gold-bullion-bars.jpg
A significant quantity of gold, silver and other precious metals is unaccounted for at the Royal Canadian Mint.
External auditors are investigating a discrepancy between the mint's 2008 financial accounting of its precious metals holdings and the physical stockpile at the plant on Sussex Drive in Ottawa.
The mystery raises possibilities from sloppy bookkeeping to a gold heist.
Officials with the commercial Crown corporation are saying little and refuse to confirm the amount and value of the unaccounted for gold, silver and palladium.
"An unprecedented demand in gold in 2008 has led to an unreconciled difference between the mint's financial statements and the physical count of precious metals. There's a difference there that we're looking into," Christine Aquino, mint spokeswoman, said in a prepared statement Tuesday in response to questions from the Ottawa Citizen.
"We're taking this very seriously. We're conducting a thorough review and we're expected to have that completed within the month. (It) includes the analysis of precious metal by-products and financial data. We've allocated all necessary resources to this review."
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