MEXICO CITY (AP) — A heavily armed squad of men stole an unspecified number of gold-silver alloy bars from a desert mine in northern Mexico, escaping into the remote mountains in a small plane, according to the company. Cash For Gold in Webster on YP.com. The bar list is also interesting in that it shows that when the Bank of England (or a bullion bank with a gold holding at the Bank of England) either buys physical gold bars on behalf of a central bank customer, or allocates specific bars to a central bank gold account for a gold balance that was previously in a unallocated account, it is either transferring gold from a Bank of England inventory holding, or by buying gold from another central bank  that’s already in its vaults, or else buying gold from a bullion bank that probably also has gold stored at the Bank of England, part of which may be gold that has flowed out of gold-backed Exchange Traded Funds that store their gold in the London vaults. If a bar on the Banixco list has a match in those database tables, then it proves that the Bank of England sources gold for its central bank customers that was at one time held in one of the ETFs. Some refiners have, or have had over time, refinery operations in multiple geographic locations, so some refiners have multiple Brand Codes listed in the Bank of England gold bar database. Adding in the bars of Johnson Matthey Toronto and Valcambi Switzerland, nearly 70% of Mexico’s bars are from just 4 bar brands. From these accounts, the number of ingots rises to 7,265. fractionally-backed). Bailey claimed that given a helicopter and a half-hour, he could find 292 gold bars. In October 2012, Barba received responses to further information requests that he had made to Banixco, with Banixco confirming that: “At month’s end, April 2012, Banco de Mexico maintained a position in fine gold of 4,034,802 ounces, of which only 194,539 ounces are located in the territory of the United Mexican States. Market data provided by Factset. Follow Chris Ciaccia on Twitter @Chris_Ciaccia, Aztec treasure discovered at Mexico City construction site. NM Rothschild bars have not been produced since 1967. If this is a sequential internal series of numbers that started at 000001, it would suggest that more than 1 million individual Good Delivery Bars have passed through the Bank of England’s 10 gold vaults since the numbering series was initiated. In 2012, archaeologists announced the discovery of the skeleton of a young woman surrounded by piles of 1,789 human bones in the Templo Mayor. Gold Pesos come in a variety of denominations and designs, but each one is made of .900 fine gold. ", “Assigned accounts are those that are owned on specific ingots with serial numbers, and segregated from the rest.“. Therefore, even though the Banixco gold bar list doesn’t list year of manufacture for each bar, some inferences can be made to show that a lot of the bars allocated to the Mexican gold account at the Bank of England are old bars that are no longer in production. Russian Central Bank buying Gold on the International market? This was the first information from Banixco that specifically addressed the number of gold bars held by the Mexican central bank at the Bank of England. claimed to be held by a central bank, while really being held in a gold-backed ETF. Some of it may then have been lent out to bullion banks immediately. 45 New Bridge Road, Singapore 059398 Singapore Therefore an account convention with specific bars earmarked to a customer would not facilitate this process. Mexican Gold Libertad: Issued by the Western Hemisphere’s oldest operating mint, the Mexican Gold Libertad coin debuted in 1981 but was not regularly struck until 1991. Ronan Manly is a precious metals analyst with BullionStar whose blogs often cover current themes including what's going on in the London gold market and the gold activities of central banks. This can cause misshapen, albeit unique, bars and rounds that are generally much less expensive than minted bars. Since then, the coins have featured with .999 pure gold … Mexico’s list is an inventory of wholesale market gold bars that Banixco owns and stores in custody at the Bank of England vaults in London. Second up is AGR Joint Venture, which is now technically part of the Perth Mint, with the Bank of Mexico holding 1519 of these bars. The composition of the bar matched the other gold pieces that were discovered by an INAH excavation of the main temple in Tenochtitlán, making it likely the giant gold bar also belonged to the Aztecs, the statement added. Fast forward to 17 February 2017, and Barba published another article confirming that following some further information requests to the Mexican central bank, Banixco had clarified the following facts about its gold holdings: “Of the 3.881 million ounces of gold that the Bank of Mexico has at the close of October 2016, 98.95% are held in the United Kingdom, 0.0004% in the Federal Reserve Bank of the United States and the remaining 1.05 % In Mexico.”, “The Bank of Mexico has the serial number of each ingot protected in accounts assigned abroad. Get a daily look at what’s developing in science and technology throughout the world. There wasn’t much known about a 4-pound gold bar discovered during construction work in Mexico City nearly 40 years ago, but now experts are calling the precious metal an Aztec relic. Assuming each gold bar contains 400 oz troy ounces of gold, then 7,265 bars would contain 2.906 million troy ounces. Editor's note: A previous version of this story said the gold bar weighed 4,255 pounds. Before we examine this newly published list from the Banco de México, a little background is useful. See reviews, photos, directions, phone numbers and more for the best Gold, Silver & Platinum Buyers & Dealers in Webster, NY. What would be the price of Silver if not manipulated? Fox News' James Rogers contributed to this story. Hence the presence of NM Rothschild bars, US Assay Office bars, old Royal Mint (Perth) bars, as well as AGR Joint venture bars. With 4,034,802 ounces (125.5 tonnes) held in total, and 194,539 ounces (6.05 tonnes) held in Mexico, there were 3,840,263 ounces (119.44 tonnes) held outside Mexico, which was 95.2% of Mexico’s total gold holdings. 1 oz Gold Bars. or redistributed. Chapter 9, Treasure Bars from the 1715 Plate Fleet: 10 pp., and 18 figures. Without seeing the “Terms and Conditions" of these “unassigned gold" contracts with the Bank of England, its hard to say how exactly the “unassigned gold" is backed up, and to what extent it’s backed up. The 4.25 pound bar gold bar. All through the 2000s, Banixco only held a few tonnes of gold in its official reserves, ranging from about 4 tonnes and 9 tonnes. In a separate discovery, archaeologists discovered the first-ever Aztec royal tomb, finding an array of sacrificial remains during an excavation at the base of the Templo Mayor temple site in downtown Mexico City in 2019. The encounter, known as the "night of Sadness" in Spanish history, resulted in the deaths of many Spanish soldiers as their ship sank. This second list is featured in Barba’s article dated 7 March 2017. The ASF reprimanded Banixco, saying that it: “has not conducted physical inspections to gold to verify compliance with the terms of acquisition and the conditions regarding its storage, in order to be certain of the physical custody of this asset”. MEXICO CITY -- A heavily armed squad of men stole an unspecified number of gold-silver alloy bars from a desert mine in northern Mexico, escaping into the remote mountains in a … On YP.com phone numbers and more for gold Rush locations in Batavia NY... About buying and storing bullion with BullionStar in New Zealand, click here initial purchase transactions referred to bars only... 15 minutes not facilitate this process part of a larger refining group,... 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