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There may have been a massive gold heist at the Royal Canadian Mint, an external audit has found.
The findings of the long-awaited audit, released Monday, conclude that $15.3 million in missing gold is not the result of accounting or bookkeeping errors, raising the distinct possibility it might have been stolen.
The Royal Canadian Mint says the precious metals seem to have vanished from its inventory in the 2008 fiscal year, according to the third-party review conducted by Deloitte and Touche.
About 17,500 troy ounces of gold, which represents 0.32 per cent of the mint's stock, were unaccounted for, the report said. "A higher amount of gold should be on hand than the physical amount of gold counted."
The $15.3-million figure is based on gold prices on Dec. 31, 2008, the mint's fiscal year-end date. At Monday's prices, the precious metals would be worth about $16.3 million.
"All individual customer holdings and metal deposits entrusted with the Royal Canadian Mint are secure and have been fully accounted for," the corporation said in its release.
Originally posted by Grey Magic
Be glad that it is just 15 million.
I wonder how a Fort Knox audit will turn out, compared to that this must be peanuts.