[mattduke]

Canadian Mint Cant Explain Missing Gold There is no gold in Fort Knox. link

[Jotapay]

Hahahahahahahahaha. This world is such a joke. The charades never stop.

[dukey]

they have probably been loaning it out to manipulate the gold markets

If you've tried to buy gold in the last 6 months, you will realise its in damn short supply. Demand has been incredible, yet the price has remained pretty steady. Just google gold comex price fraud .. has been going on for a while.

[Schmuto]

The best part is that the mint considers it "an internal matter."

Love it when public officials treat something like this as unsuitable for viewing by the taxpayers.

[Maddog78]

Crazy. It will be interesting to see what they conclude.
Bookkeeping or theft, either way, gross incompetence.

[PrestonSturges]

They're still doing a way better job than DOE does tracking plutonium

[Niagara]

Last fall when I was shopping for 1 oz. Maple Leafs I was told the RCM was back-ordered at least 6 months.

Maybe this explains why.

[RdSnt]

While I generally buy silver bullion, I've not encountered the delays people have been reporting for gold. I go to the Bank of NS head office branch and can get gold or silver bullion right away.

[Dreamtwister]

Interesting bit of trivia I learned on my last trip to the RCM in Ottawa: Canada is the only country in the world that refines and mints .99999 (5 nines) gold.

What does this have to do with the original topic? Not a damn thing. I just thought it was interesting.

[Micki]

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 Sussex Drive plant. 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 unaccounted gold, silver and palladium.

http://www.calgaryherald.com/Business/Canadian+Mint+account+missing+gold+silver/1658767/story.html
You can only trust what you have in your hand. I am sure we will see many more scandals with ETF's, pool accounts etc.

[mattduke]

To halt a possible “run” on the gold it safeguards for private businesses, the Royal Canadian Mint is reassuring customers their deposits are fully accounted for and in secure vaults as the investigation continues into as much as $20 million in lost precious metals.

When it comes to your gold, there's no place like home.

link

[dukey]

i think they have been selling lots of paper backed by nothing

[Ferretlover]

i think they have been selling lots of paper backed by nothing

There's a lot of that going around these days.

[virgincrude]

Anybody who thinks gold is the answer to financial worries should take care to read http://www.gata.org/node/7402
about the manipulation of the gold markets

[The_Toecutter]

The gold markets can't be successfully manipulated forever; if a commodity recieves excessive control from a government or other bureacracy, usually, the "free market" becomes the "black market". Take a look at gold and silver prices on ebay versus spot prices.

OTOH, you still can't eat gold. Having some is a very good idea(although unlikely to be a good scheme to obtain wealth), but make sure to diversify your assets...

[Dreamtwister]

OTOH, you still can't eat gold.

Sure you can.

Having some is a very good idea(although unlikely to be a good scheme to obtain wealth), but make sure to diversify your assets...

Yes. You should be heavily invested in brass as well.

[virgincrude]

Toecutter, you seem to be assuming this manipulation the Gold Anti Trust Commission is exposing is above board, known about, and controlled by some government agency. You obviously haven't read about it.

It's been about 20 years or so that it has been obvious to those who care to look, that the so-called 'free market' has been manipulated and controlled by the 'black market'. This is not the black market which deals on eBay or anywhere ordinary folks might go, but the black market run by the elite, for the elite. I'm not just talking about gold.

These people not only can manipulate everything under the sun for as long as the mass media hypnosis continues to work, but they have been doing so for a very long time.

[mattduke]

Boy, the gold marketplace sure does seem weird these days.

http://www.nationalpost.com/story.html?id=2253586&utm

[dukey]

yeah indeed
What with china finding they had bought tungsten plated gold bars lol ..

No doubt people have been playing games selling paper gold backed by nothing.

[pablonite]

Anybody who thinks gold is the answer to financial worries should take care to read http://www.gata.org/node/7402
about the manipulation of the gold markets

FTA:
Gold Anti-Trust Action Committee Inc. (http://www.gata.org), will be in London, England. Their trip is part of GATA's ongoing effort to raise awareness of the gold cartel and its surreptitious intervention in the gold market.

Governments want a low gold price to make national currencies look good. Gold is recognizable the world over as the "canary in the coal mine" when it comes to money. A rising gold price blurts the unpleasant truth that a national currency is being poorly managed and that its purchasing power is being inflated.

"It gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head." - Warren Buffet

Yeah, it's still just a currency that can be manipulated like any other. I think the IMF/BIS/World Bank cartel is hording a square mile of the stuff somewhere, probably underground in Brussels somewhere. Enough to devalue everyones little brick to a paperweight when the time comes.