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Man charged - can't prove he owns the bullion he has
Topic Started: 28 Aug 2013, 10:55 AM (3,546 Views)
herbie
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Pig Iron
28 Aug 2013, 11:24 AM
gold can be tracked with gold finger printing to it's point of origin.
That it surely can be Piggie - That it surely can.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Kulganis
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Unfortunately, gold fingerprinting only tracks back to the originating mine, it's not a way to trace owners.
"If man is to survive, he will have learned to take a delight in the essential differences between men and between cultures. He will learn that differences in ideas and attitudes are a delight, part of life's exciting variety, not something to fear." - Gene Roddenberry

"Balloon animals are a great way to teach children that the things they love dearly, may spontaneously explode" -- Lee Camp
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herbie
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Kulganis
28 Aug 2013, 12:39 PM
Unfortunately, gold fingerprinting only tracks back to the originating mine, it's not a way to trace owners.
Makes it jolly inconvenient for gold thieves who work for/hang around gold mines though hey Kulganis? 'Course as I've always said: "Getting a name as a Gold Thief who works in the Gold Mining Industry just isn't the Greatest of Ways to progress one's Professional Career" ... :re:
Edited by herbie, 28 Aug 2013, 12:59 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Kulganis
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It would be, but the process is not foolproof.

For instance, if one were to melt down the gold from one mine with gold from a couple of other sources, it would be nearly impossible to trace, as the process requires that isotopes from minerals be either present or not, based on a database of various mines.

If there are quantities of minerals from multiple sources, the entire process is an expensive waste of time.

Luckily, most thieves aren't that intelligent, otherwise they would be employed or employer, for a better ROI

It's main use is to check for salting, which is done to prove gold is in an area, so a mine can be funded. The salted gold would be from a different geological location and would have different isotopes than expected.
"If man is to survive, he will have learned to take a delight in the essential differences between men and between cultures. He will learn that differences in ideas and attitudes are a delight, part of life's exciting variety, not something to fear." - Gene Roddenberry

"Balloon animals are a great way to teach children that the things they love dearly, may spontaneously explode" -- Lee Camp
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Strindberg
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herbie
28 Aug 2013, 11:16 AM
I used ta enjoy ya stuff Strindberg - As bein' rather contrarian from my possie - 'Til I realised ya game. Am still on the piss after work - Reckon I'll stop in another day or two - Will get back ta ya some time after then with some examples of why I reckon ya an out 'n out shifty 'n fundamentally dishonest turd ... :re: (Mental notes ta self: Strindberg continuously climbing up Veritas' ribs about his 'handle'; Strindberg putting up some stats about how house prices go up as interest rates rise ... :re: )
Thanks for the feedback Herbie. Nice to know my posts are hitting their targets.
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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Pig Iron
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Bogan scum

Kulganis
28 Aug 2013, 01:08 PM
It would be, but the process is not foolproof.

For instance, if one were to melt down the gold from one mine with gold from a couple of other sources, it would be nearly impossible to trace, as the process requires that isotopes from minerals be either present or not, based on a database of various mines.

If there are quantities of minerals from multiple sources, the entire process is an expensive waste of time.

Luckily, most thieves aren't that intelligent, otherwise they would be employed or employer, for a better ROI

It's main use is to check for salting, which is done to prove gold is in an area, so a mine can be funded. The salted gold would be from a different geological location and would have different isotopes than expected.
melting it down with gold from other sources doesn't fool modern gold fingerprinting - it just ends up looking like gold from mixed sources and further incriminates the suspect.

while it won't enable the police to find the golds owner, it will bring the thief to justice as they won't be able to bullshit them about where the gold came from.
I am the love child of Tony Abbott and Pauline Hanson
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herbie
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Strindberg
28 Aug 2013, 01:44 PM
Thanks for the feedback Herbie. Nice to know my posts are hitting their targets.
TOP points for THAT comment Strindberg me ole string bean - :D :lol :D

But no need ta thank me Ta - The pleasure remains all mine ... :re:
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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miw
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goldbug
28 Aug 2013, 11:04 AM
Unless he can show that he bought it from some entity he stole it for sure. I hope they give him a hefty fine at least, little chance of discovering the true owner unless he confesses, a lot of dealers have been robbed in Australia over the past few years and it would be impossible to determine where it came from unless the owner had taken photos of the bars and coins.
But should you have to prove where you got it from? Innocent until proven guilty and all that....
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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Pig Iron
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Bogan scum

miw
28 Aug 2013, 04:52 PM
But should you have to prove where you got it from? Innocent until proven guilty and all that....
i don't know that that concept exists in australian law?

the ATO can accuse you of something without any evidence at all.
I am the love child of Tony Abbott and Pauline Hanson
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Strindberg
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miw
28 Aug 2013, 04:52 PM
But should you have to prove where you got it from? Innocent until proven guilty and all that....
Clearly not, but governments today are pushing towards eliminating tax evasion and money laundering (for whatever invented reason - drugs terrorism etc). The holding of any assets, especially large quantities of cash and gold, without a tight paper trail probably attracts suspicion and the burden of proof may be reversed unless you're happy to use some of your stash to pay for the necessary legal assistance. Cops will naturally reckon anyone with a hoard of gold is a crook, especially if it's not safely stored with a security outfit or bank and ticketed.
Edited by Strindberg, 28 Aug 2013, 06:30 PM.
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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