700 tons of Gold missiing??????

[FCCDFEd]

Seven hubndred tons of gold ore shipped, now the ship is missing, or is it?Russian ship with 700 tons of gold ore missing - Houston Chronicle

 

[vor]

Gold ore is not quite the same as "gold" in the title.

Russians are notorious for running insurance schemes which could likely be the case.

 

[freddy williams]

wow 700 tons that insurance company is out of business

 

[Chug And Red]

That would be one sweet Pulltab!!! Chug

 

[Shadow]

.245 oz of gold per ton or 7.62 gold grams per ton of ore is generally considered a real producer. IF that was the case, you'd be looking at about 171.5 ounces of gold or $300,000 +/- on the open market. Pocket change for an insurance company.

 

[vor]

.245 oz of gold per ton or 7.62 gold grams per ton of ore is generally considered a real producer. IF that was the case, you'd be looking at about 171.5 ounces of gold or $300,000 +/- on the open market. Pocket change for an insurance company.

$300k less open water shipping, less refining, etc. There are going to be a lot of middle men before it reaches its final product/destination.