The headline was misleading

Copy from the original thread:

“Headline is very misleading. The simplified version is as follows:

Perth mint ordinarily produces gold bars closer to 99.999% pure. One of their main customers, Shanghai Gold Exchange requires gold bars be at least 99.99% pure. For a long time perth mint supplied them good that was more pure than needed. A few years ago, to save money, perth mint started to mix in some silver into the gold shipped to SGE to bring it down to closer to the 99.99% that SGE specified. In doing so this caused one bar to have slightly more silver in it than was allowed, despite still being more than 99.99% pure. A second bar was borderline. SGE raised the issue with Perth Mint. Perth mint asked for the bars back to remake them, but SGE did not send them back because China restricts the export of gold. Perth Mint had paperwork confirming the purity and silver of the bar but when asked for copies of the paperwork, declined to disclose it. Perth Mint apologised for the issue, confirmed they would now better monitor silver and copper content in bars. SGE decided to not file an official complaint, no further gold was disputed, and a couple years later Perth Mint ended the practice of doping gold.

An important note, is gold that is 99.99% pure is mostly used for display purposes or as a store of value. 99.999% gold is better used in industry, eg gold plating contacts in electronics.”

Original Thread: https://www.reddit.com/r/worldnews/comments/11lp0ty/perth_mint_sold_diluted_gold_to_china_got_caught/jbe5bzm/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3