took mental inventory of the physicals supposedly in my possession allegedly in boxes at banks, checked ms money program numbers against ms outlook box address notations, and reconciled both with nav spreadsheet, weighed all indications by general mental good feel, and i am certain all physicals are accounted for without fuss.
the canadian mint should adopt my process, procedure, methodology, and touch and feel
:0) the more fear there be w/r to paper indications of preciousness stored far away, the more folks would be inclined to go physical, and the more frauds will come to light, etc etc ... a good feedback loop.
enthusiastic.
watch kitco safe keeping
Tories call in Mounties over mint's missing millions Canada's money-makers can't find tens of millions in precious metals that are shown on the books
Jun 09, 2009 03:05 PM
BRUCE CAMPION-SMITH
OTTAWA BUREAU CHIEF
OTTAWA – The federal government has asked the RCMP to launch an investigation into the tens of millions worth of precious metals that have gone missing from the Royal Canadian Mint.
The announcement comes after an external audit was launched to reconcile the mint's records with the physical stock of metals.
And it comes after the Star revealed today that the value of the missing metal was worth more than $10 million.
"I think we are all very concerned," said Rob Merrifield, minister of state for transport, the department responsible for the mint.
Merrifield said he "instructed" mint staff today to call in the Mounties to assist with the ongoing audit, which has been under way since early March.
The external audit is trying to reconcile the mint's records with the physical stocks of gold, silver, platinum and palladium, the four precious metals used by the Crown corporation in its production of coins and collector sets.
Mint officials remain confident that bookkeeping errors are to blame. But they haven't ruled out theft and some at the institution now believe a police probe is inevitable if the review – due to be released in two weeks – is unable to provide good answers.
Given the high value of the missing metals, NDP MP Thomas Mulcair said yesterday that mint staff should be calling on police to immediately launch a criminal investigation.
"There's no possible way to explain the loss of tens of millions of dollars through simple administrative or bureaucratic foul-ups and missteps," he said in an interview.
He faulted the Conservative government for not being more forthcoming about the controversy.
thestar.com
to boot-and not necessarily related:
"Kitco and the Royal Canadian Mint are in the process of enhancing the Royal Canadian Mint Prestige Account. As a result, many processes are
being upgraded. Until completion of these upgrades, we will not be able to open new accounts. " |
