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An explainer: Australia’s $9 billion gold bar purity scandal
A close up image of three gold bars in macro with an Australian five dollar bill Source: iStockphoto / Vitoria Holdings LLC/Getty Images/iStockphoto
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The Perth Mint, the world’s biggest processor of new gold, is the only mint globally with a government guarantee. ABC investigation discovered that Australia’s only producer of gold bullion may have minted almost $9 billion of substandard bars, diluted with other metals, but kept the discovery quiet. R.Sathyanathan, a veteran broadcaster, explains the story. Produced by RaySel.
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