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Counter-party risk? Insurance stolen? Seems risky.

cohodkcohodk Posts: 18,489 ✭✭✭✭✭
Excuses are tools of the ignorant

Knowledge is the enemy of fear

Comments

  • derrybderryb Posts: 36,010 ✭✭✭✭✭
    edited April 21, 2023 6:14AM

    Insurance removes shipping risk, recently received $1648 full reimbursement from USPS for lost bullion.

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

  • psuman08psuman08 Posts: 216 ✭✭✭

    Interesting that they would not say where it was coming from or going to.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    That is an interesting theft.... I would say well planned and executed. Now we will see if the plan included disposal as well. Often where the problems show up. Cheers, RickO

  • dcarrdcarr Posts: 7,879 ✭✭✭✭✭

    This whole affair seems very sketchy.

    Who owned the gold ?
    Where was it coming from and where was it going ?
    Was it a clandestine payoff to someone ?

    Did this (supposed) gold actually exist in the first place ?
    .

  • derrybderryb Posts: 36,010 ✭✭✭✭✭
    edited April 22, 2023 4:23AM

    gold of that quantity was likely headed to low inventory COMEX vaults. Note that other valuables were stolen and that link did not say if all of the gold shipment was stolen. Theft likely involved inside information on shipping manifest. Canadian destination was likely a temporary layover because of gold's origination.

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

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