A recurring scandal involving the Royal Canadian Mint, purveyor of the popular Maple Leaf bullion coin, has now been resolved. As webbed by Joe Wiesenthal of the Business Insider, an audit squad has finally tracked down what happened to about $20 million' worth of gold. Some of it was miscounted, but about $6 million of it was sold as slag to refiners. The Mint blames the explosion in demand for Maple Leafs in 2008 for the mistake.
I have to say that this kind of mistake is, by my lights, all-Canadian. We Canadians respect burden-bearers, and our vanities encourage us to think we can bite off more than we can chew when crunch time comes. Although I have no inside info, I'm sure that's what happened at the RC Mint.
This Toronto Star article goes into further detail, and includes Parliamentary reaction to the report.
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