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It could take a half-century to level most of the city's gold dumps, Mr. Symons said.
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(The "Die Hard" scenario, in which crooks take off with the Fed's gold in dump trucks, wouldn't happen, he said. "Even if you could load up a dump truck with gold, where are you going to go? What are you going to do? Sometimes driving around the block in Manhattan can take an hour").
The subsidiary, Newmont Minahasa Raya, is under investigation over accusations that its gold mine dumped waste that poisoned local residents, an assertion the company denies.
The gold thieves dumped the loot, which weighs roughly 216kg in total, into the boot of a getaway car and sped off into the night.
The earthen walls of a massive tailings pond collapsed at Imperial Metals's Mount Polley copper and gold mine, dumping 25 million cubic meters of sludge and wastewater containing arsenic, mercury, and selenium into salmon-bearing waterways.
The tape, which was broadcast later that day, showed three unidentified black men, said by the SABC to have possibly been illegal immigrants, being driven to a field behind a gold-mine dump where, for about an hour, they were repeatedly savaged by four dogs while they screamed and begged for mercy.
Success depended on preventing the federal government from dumping gold reserves onto the market.
Stories that Société Générale was dumping gold seemed to have stemmed from a data-entry error on a derivatives screen used by traders.
They are also dumping gold — traditionally seen as a safe haven in uncertain times — and other commodities, such as copper, corn, and wheat.
BLOOMBERG NEWS Hedge Funds Dump Gold | Hedge funds and other institutions offloaded more than $2 billion of gold futures over the course of a week, before a rally in the market, according to data from the Commodity Futures Trading Commission, Reuters reports.
The crowd-pleasing chaos of "Die Hard With a Vengeance," a Bruce Willis movie with a bad guy who broke into the Fed underground after a subway crash and made off with lots of gold in a dump truck?
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CEO of Professional Science Editing for Scientists @ prosciediting.com