Big error behind missing gold at Royal Canadian Mint

CTV – RCMP have solved a bizarre mystery: How did $15.3 million in gold vanish from the Royal Canadian Mint? And while their report is still two weeks away, CTV News has learned the answer. “Senior government officials say there was a colossal error at the mint itself,” said CTV Ottawa Bureau Chief Robert Fife on Tuesday night. Mint officials double-counted some gold bullion they sold, and also underestimated the shrinkage of the gold during processing. Read Article

Tags: banks, corruption, North America