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Counter-party risk? Insurance stolen? Seems risky.
RedneckHB
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Excuses are tools of the ignorant
Knowledge is the enemy of fear
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Insurance removes shipping risk, recently received $1648 full reimbursement from USPS for lost bullion.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
Interesting that they would not say where it was coming from or going to.
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
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 ?
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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.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat