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Monday, May 08, 2006

Where's the gold?

The Jerusalem Post reports this evening that according to 'Palestinian foreign minister' Mahmoud Zahar, 250,000 kilos of gold were smuggled out of Gaza last summer following Israel's pullout. By my count, at the current price of $682.40 per ounce, that would be worth $5.3 billion dollars. That could support the Palestinian Authority for a week or two. But who 'stole' it? And where was that quantity of gold being kept in Gaza until last summer? Inquiring minds want to know....


At 1:32 AM, Blogger Soccer Dad said...

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At 1:34 AM, Blogger Soccer Dad said...

This is the guy who lost $450,000 from his hotel room in Kuwait isn't it?

At 1:52 PM, Blogger Carl in Jerusalem said...

Yes, it is.

Someone on LGF doubted this. But I have a client who deals in gold and 250 metric tons would a small (and believeable) deal. So if they had 250 metric tons (250,000 kilos) of gold in 'Palestine,' the hardest part to believe is that it was in 'Palestine' and not in Kloten (the gold storage underneath Zurich Airport - the largest in the world). The quantity is believeable.


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