started “doping” its gold as a cost-saving measure …
Again:
The mint began doping its gold as a cost-saving measure in 2018, expecting to save up to $620,000 a year — a tiny fraction of its annual sales.
(So why bother?)
And again:
this desire to save money would put the mint at the centre of what may be one of the biggest gold scandals …
‘Save’ lol. Imagine buying a box of ten pencils, finding nine inside, and the manufacturer replies with, ‘We’re just trying to save costs, don’t take it personally’. They really don’t want readers to see this for what it is. This is how public opinion gets managed. Reframing scandals to make them palatable. Who would get angry about cost saving? That’s just like buying supplies in bulk and turning off the lights and heating in empty rooms, right? Nothing to see here.
One Perth Mint insider, who asked not to be named as they could face five years’ jail if their identity is revealed, says it is a “scandal of the highest level”.
So they’re all still hoping they’ll get away with it. And probably will:
Gold doping is a somewhat accepted practice in the industry and is not illegal…
The workers will be forced to cover the shortfall:
Financing a recall of this scale would also be difficult for the mint and would likely require support from WA taxpayers.
And who’s going to pay the eventual fines?
It could be facing a hefty fine, potentially running into the hundreds of millions of dollars, like those levied on Australian banks and casinos in recent years.
Taxpayers again, I assume.
“I think it can be described as a cover-up, because [the mint] had a choice to disclose all the information, and in fact chose not to,”…
Good job that’s been clarified for us. Here I was thinking a cover up was something to be done with icing to a cake.
it did receive a customer complaint about a small number of 1kg gold bars but that, “due to Chinese government restrictions on exporting gold from China, the customer did not return the bars … and therefore the customer’s concerns could not be verified”.
The mint was so honest. They wanted to fix things, but the dastardly Chinese government prevented it.
“It happened in the first place because of poor systems management and incompetence on the refining side. But once they found it, they knew what they were doing. …”
It started as an accident! sure, mate
Bourgeois propaganda is strong to withstand constant shocks like this. And people still scream against communism.
Update after reading the article in depth…
We open with
Again:
(So why bother?)
And again:
‘Save’ lol. Imagine buying a box of ten pencils, finding nine inside, and the manufacturer replies with, ‘We’re just trying to save costs, don’t take it personally’. They really don’t want readers to see this for what it is. This is how public opinion gets managed. Reframing scandals to make them palatable. Who would get angry about cost saving? That’s just like buying supplies in bulk and turning off the lights and heating in empty rooms, right? Nothing to see here.
So they’re all still hoping they’ll get away with it. And probably will:
The workers will be forced to cover the shortfall:
And who’s going to pay the eventual fines?
Taxpayers again, I assume.
Good job that’s been clarified for us. Here I was thinking a cover up was something to be done with icing to a cake.
The mint was so honest. They wanted to fix things, but the dastardly Chinese government prevented it.
It started as an accident! sure, mate
Bourgeois propaganda is strong to withstand constant shocks like this. And people still scream against communism.