Brinks Reports Mysterious $11 Million Gold Shipment Heist

Over the past year, we reported several brazen, and very significant, gold thefts, usually occurring in broad daylight, among which"


None of these however compare to what Security logistics and precious metals vaulting company Brinks reported after hours, when it announced that it would incur an $11 million charge as a result of a theft of an international gold shipment in December.

Brinks adds that the robbery occurred on December 6 and remains under investigation. While there was little additional disclosed, Brinks said that the customer affected by the theft has been fully reimbursed by Brink’s and added that "if the gold is recovered, or if any portion of Brink’s monetary loss is subrogated to third parties prior to the filing of the company’s Form 10-K, the recovery value will be reflected in 2017 results." 

And while we certainly would like to learn more about this particular heist, the company said that due to the ongoing investigation and related security protocols, Brink’s does not intend to make additional comments regarding the robbery at this time.

The good news is that despite the $11MM charge, Brinks won't suffer too much, and BKS reported that the company’s 2017 non-GAAP operating profit is expected to be approximately $280 million, an increase of 30% over 2016, if at the low end of its prior guidance range of $280 million to $290 million.

To think of all the unpleasantries could have been avoided if the shipper had sold the physical gold, bought some cryptos, sent the cryptos anywhere in the world instantly, then used it to purchase the same amount of gold.

Finally putting the mysterious theft in context, based on a recent summary of the notable gold robberies, the $11 million value of the stolen shipment would place it as the 12th biggest gold heist in history.

Courtesy of: Visual Capitalist

Comments

researchfix TMac2000 Thu, 01/11/2018 - 02:06 Permalink

"While there was little additional disclosed, Brinks said that the customer affected by the theft has been fully reimbursed by Brink’s..."

Unbelievable service, they got an envelope of comex papers the next morning.

That teaches you about gold transports eehh transformations.

In reply to by TMac2000

Expendable Container overbet Wed, 01/10/2018 - 17:50 Permalink

Perhaps the customer wanted delivery of physical and they didn't have it - what better way to 'persuade' the customer to take fiat toilet paper dollars instead of gold than saying it was robbed! Physical gold in our own possession is King. Bitcoin is digital nothing and its an NSA psyop to condition us to digital only (then comes tyranny).

In reply to by overbet

Bluntly Put alexcojones Wed, 01/10/2018 - 17:35 Permalink
  • 3,000 tons of gold stolen from Russia by the KGB, a theft made public in September 1991 by Grigory Yavlinski;
  • 40 tons of Czech gold;
  • an undisclosed amount of Third Reich (Nazi) gold stolen from the holocaust victims and their survivors as well as undisclosed treasury gold removed from the banks of conquered countries;
  • at least 1,000 tons of Philippines gold from the Marcos family, which had previously been the wealth of the Japanese Imperial family hidden during World War II.

 

Re: Heidner’s report 9/11

In reply to by alexcojones

Expendable Container Bluntly Put Wed, 01/10/2018 - 18:04 Permalink

'Third Reich (Nazi) gold stolen from the holocaust victims'

That's a nonsense which came out of the movie picture shows (fiction not fact like the fictional novel Schindler's List and Ann Frank's Diary written by her father and a hired writer who took him to court for some rewards which action spilled the beans). Fake history written by the victors, the all-lies:

https://wearswar.wordpress.com/2018/01/10/nuremberg-farce-quote-21-the-…

In reply to by Bluntly Put

Popsiq alexcojones Fri, 01/12/2018 - 10:19 Permalink

The Germans didn't get to keep their loot, or their own gold either. Ditto the Japanese. All of their gold was 'sequestered for safe keeping' in the USA.  The Germans have been asking for their gold reserves back for 20 years. Then there are the Spanish gold reserves - probably shipped to the US (from Russia which had 'saved' those from Franco on 1936) - along with British gold,  to pay for Lend Lease and other 'war debt'. The Ukrainians were stripped of their $30 million in 2015 to pay for the Maidan Revolution up-front funded by America. 

In reply to by alexcojones

lincolnsteffens Nature_Boy_Wooooo Wed, 01/10/2018 - 17:28 Permalink

"To think of all the unpleasantries could have been avoided if the shipper had sold the physical gold, bought some cryptos, sent the cryptos anywhere in the world instantly, then used it to purchase the same amount of gold. "

Not so fast. There are sales commissions on both ends of buying and selling. You'd have to calculate the difference in transportation costs vs. commissions. Looks like selling and then buying will cost about $45 per oz. Could you even buy and sell that much gold with cryptos??? What about capitol gains possibly??

In reply to by Nature_Boy_Wooooo