subject: The 2008 Royal Canadian Mint Report [print this page] This year the Royal Canadian Mint 2008 report has been made public after a year of delay. The missing 15 million dollars of missing gold were the reason of this delay. The 2008 annual report actually showed an increase of 266% in bullion and refinery revenues of 1.04 billion dollars.
The report has proven that the sale of gold rose at 896.000 ounces. The Royal Canadian Mint declared that this rise in sales was caused by the strong demand for Gold Maple Leaf coins, waters and bars.
One of the causes for the problem was the fact that some accounts were kept open until the gold content could be accurately determined. A simple count was conducted by the mint and this revealed the fact that there were 17.500 ounces of missing gold. An investigation was done by a company hired by the mint, but it concluded that this difference was not the result of account or transactional errors.
Firms to conduct forensic reviews were hired by the mint. An investigation was also done by the Royal Canadian Mounted Police but soon they realized that there actually no need for a criminal investigation.
Last year the mint implemented refinery counts once at each quarter and more processes and procedures were consolidated.
The problem that the Royal Canadian Mint had should not stand in your way of purchasing Gold Maple Leaf Coins. In our days it is very good to own physical gold. Your financial comfort can be guaranteed by this precious metal.
Investing in gold is on of the best decisions one could take in these times of financial worries. Economists say that all of us should transform all or part of our savings in the yellow metal. This can turn out to be the sanest financial decision that everybody could take. So do a little research and start investing right away.
