The historic Perth Mint is facing a potential $9 billion recall of gold bars after selling diluted or "doped" bullion to China and then covering it up, according to a leaked internal report. Key points:
The mint started "doping" its gold as a cost-saving measure When it got caught for some of its gold dipping below Shanghai Gold Exchange standards, it kept it quiet While the gold remained above the 99.99 per cent requirement, it exceeded the amount of allowable silver in Shanghai
Four Corners has uncovered documents charting the WA government-owned mint's decision to begin "doping" its gold in 2018, and then how it withheld evidence from its largest client in an effort to protect its reputation.
While the gold remained above broader industry standards, the report estimated up to 100 tonnes of gold sent to Shanghai Gold Exchange (SGE) potentially did not comply with Shanghai's strict purity standards for silver content.
London Metal Exchange Discovers Bags Of Stones, Instead Of Nickel
The historic Perth Mint is facing a potential $9 billion recall of gold bars after selling diluted or “doped” bullion to China and then covering it up, according to a leaked internal report. Key points:
The mint started “doping” its gold as a cost-saving measure When it got caught for some of its gold dipping below Shanghai Gold Exchange standards, it kept it quiet While the gold remained above the 99.99 per cent requirement, it exceeded the amount of allowable silver in Shanghai
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just imagine the fun they’ll have with CBDC or more cryto.