AF loses gold ingots en route from Paris to Zurich [CDG-ZRH]

Discussion in 'Other Aspects of Aviation Security' started by Mike, Sep 27, 2013.

  1. Mike

    Mike Founding Member Coach

  2. RB

    RB Founding Member

    Certainly indicates the ground crews are compromised.
     
  3. nachtnebel

    nachtnebel Original Member


    Doh. ya think?

    how do you "lose" gold ingots? those will be carefully handled and probably need signoffs.
     
  4. Rugape

    Rugape Original Member


    These were not lost, these were absconded with. They will also be difficult to sell off at normal market prices. Too much chance of the chemical composition being tested and the items tracked down if they sell on recognized primary markets and normal sourcing locations. Most likely these will be sold at third world markets at bargain pricing to someone that has the ability to recompound it through smelting. Still, even if they sell at 10% market value, it will be almost what... $25 mil? Not bad pay for a relatively simple heist job... Give or take, probably no more than a 3-4 person team, figure 10% off the top for the fences cut on this volume, still makes you $5 mil give or take. With current tech available on the open markets, I am surprised this doesn't happen more often.
     
  5. nachtnebel

    nachtnebel Original Member

    What are you talking about? These are 24 carat gold bars undistinguishable from any others except perhaps a vault number. Easily easily saleable. If they get less than 80% of the value I'll eat my hat. Too many people want that stuff at those quantities. BTW I would not rule out governments here either as potential perps.
     
  6. RB

    RB Founding Member

    I've read that bulk gold can have specific metal tracer additives when being smelted to help identify the material in case it is ever stolen. Gems are also laser etched with serial numbers for the same purpose.
     
  7. nachtnebel

    nachtnebel Original Member

    I'm doubtful about the effectiveness.
    Anyone can refabricate gold which will lose any such markers. More of a concern would be assaying to make sure you weren't buying tungsten.
     
  8. Rugape

    Rugape Original Member

    As RB indicates above, the majority of companies that produce these types of ingots use chem trace elements added to identify the source and give them a trace capability. It can be rendered more difficult by resmelting it, and adding elements or mixing in a different format, but it is not always effective. That will reduce the saleable level on such a large scale. I am fairly certain they will get more than 10% of face value, but it will make the resale process more difficult. I would not rule out anyone that is involved in the process at the location where they disappeared, as I said above, even if they only get 10% face value, they will still make more than most of us would in 4 lifetimes.
     
  9. Rugape

    Rugape Original Member

    You know, my math was off, I confused the 2 numbers in the headline, there was "only" like 1.5 mil in gold stolen, not 170 mil pbs (which was the figure for the cocaine bust). My bad, it still makes for 100k+ if they only get 10% on the take. Sigh, I really need to read slower sometimes.
     
  10. RB

    RB Founding Member

    Is that Pounds, Euros, or Dollars?
     
  11. Rugape

    Rugape Original Member

    British pound Sterling.
     

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