Loading ...Perth Mint Manipulated Physical Gold Delivery to China For Years – sold ‘doped’ gold to China and then allegedly tried to cover it up
Up to $9billion worth of gold that the Perth Mint sold to China could be recalled after it was discovered some bars were diluted with other metals.
The WA government-owned mint, which is the largest refiner of newly mined gold in the world, started ‘doping‘ its gold in 2018 – a process which involves mixing in silver or copper while still keeping the purity above 99.99 per cent.
While the product met widely accepted standards on the global gold market, up to 100 tonnes of bullion shipped to China potentially falls short of the more stringent standards of the Shanghai Gold Exchange (SGE).