Loading ...Perth Mint – say it ain’t so.
I am so old that I can remember when it was just the opposite – things made in China were crap.
We’re seeing The Tytler Cycle in action.
How to fix things? see Red Highlight below 👍
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My Feeble attempt to Fact Check = Appears True >> perth mint + scandal + china – Google Search
Perth Mint sold diluted gold to China, got caught, and tried to cover it up
From <https://www.abc.net.au/news/2023-03-06/perth-mint-gold-doping-china-cover-up-four-corners/102048622>
[snip]
The historic Perth Mint is facing a potential $9 billion recall of gold bars after selling diluted or “doped” bullion to China and then covering it up, according to a leaked internal report.
Key points:
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- 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
