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Counter-party risk? Insurance stolen? Seems risky.
cohodk
Posts: 18,676 ✭✭✭✭✭
Excuses are tools of the ignorant
Knowledge is the enemy of fear
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cohodk
Posts: 18,676 ✭✭✭✭✭
cohodk
Posts: 18,676 ✭✭✭✭✭
cohodk
Posts: 18,676 ✭✭✭✭✭
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Insurance removes shipping risk, recently received $1648 full reimbursement from USPS for lost bullion.
“The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” - Satoshi Nakamoto
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.
“The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” - Satoshi Nakamoto