08-03-2023, 01:38 PM
https://amp.abc.net.au/article/102048622
Key points:
The mint started "doping" its gold as a cost-saving measure
When it got caught for some of its gold dipping below Shanghai Gold Exchange standards, it kept it quiet
While the gold remained above the 99.99 per cent requirement, it exceeded the amount of allowable silver in Shanghai
While the gold remained above broader industry standards, the report estimated up to 100 tonnes of gold sent to Shanghai Gold Exchange (SGE) potentially did not comply with Shanghai's strict purity standards for silver content.
One Perth Mint insider, who asked not to be named as they could face five years' jail if their identity is revealed, says it is a "scandal of the highest level".
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Key points:
The mint started "doping" its gold as a cost-saving measure
When it got caught for some of its gold dipping below Shanghai Gold Exchange standards, it kept it quiet
While the gold remained above the 99.99 per cent requirement, it exceeded the amount of allowable silver in Shanghai
While the gold remained above broader industry standards, the report estimated up to 100 tonnes of gold sent to Shanghai Gold Exchange (SGE) potentially did not comply with Shanghai's strict purity standards for silver content.
One Perth Mint insider, who asked not to be named as they could face five years' jail if their identity is revealed, says it is a "scandal of the highest level".
.
.