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Gold dust worth $700,000 goes missing

missouri pfizer inc. secret use

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#1 Hum

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Posted 08 December 2012 - 15:01

CHESTERFIELD • A medical research lab here knows it is missing $700,000 worth of gold dust, but not how. Police have been called to help determine whether it was lost or stolen.

Chesterfield police launched an investigation this week after a Pfizer Inc. employee conducting an inventory failed to find it. Experts say that depending upon the purity, that much gold would weigh from 30 to 70 pounds. The purer the gold, the lighter it would be.

“We’re not even sure if they just didn’t account for it and it was used naturally, or if it was stolen or misplaced,” said police Capt. Steven Lewis. “Some of it is gone and some isn’t.”

Officials said the pharmaceutical giant paid $700,000 for the material last year for use in research in its facility at 700 Chesterfield Parkway West.

Pfizer did not want to comment on how it uses gold. The company issued a statement saying: “We are taking this matter very seriously and working closely with local law enforcement authorities on this ongoing investigation. It would be inappropriate for us to comment any further at this time until the police investigation has been completed.”

Local dealers and refiners said a gold dust thief would face layers of problems trying to sell it here.

It is rare for anyone except jewelers to sell gold dust.

Gold dust is most often a byproduct from the gold prospecting and mining process, but refined gold also can be ground into dust.

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#2 Farstrider

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Posted 08 December 2012 - 15:06

Just smelt the stuff and make crude ingots, easy enough to do I am sure!

#3 Growled

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Posted 09 December 2012 - 03:15

I don't think that I would be that careless with $700, 000 worth of gold.

#4 OP Hum

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Posted 09 December 2012 - 17:05

Gold is poisonous to the body, so it makes me wonder what a drug company is using it for ...

#5 xendrome

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Posted 09 December 2012 - 17:07

Gold is poisonous to the body, so it makes me wonder what a drug company is using it for ...


Medical research - http://www.dailymail...eat-cancer.html

#6 Detection

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Posted 09 December 2012 - 17:44

I don't think that I would be that careless with $700, 000 worth of gold.


If I had $700k worth of gold, I'm damn sure the next day I would have $700k of money in my bank instead

#7 Lant

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Posted 10 December 2012 - 16:08

Medical research - http://www.dailymail...eat-cancer.html


Please don't trust the daily mail on anything, especially on anything cancer related https://kill-or-cure.herokuapp.com/

#8 ILikeTobacco

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Posted 10 December 2012 - 16:22

If I had $700k worth of gold, I'm damn sure the next day I would have $700k of money in my bank instead

Money loses value daily due to inflation and gold does not(and usually increases in value). That is why many people invest in it. That being said, I wouldn't have it in dust form. I'd get solid gold and in a safety deposit box.

I don't think that I would be that careless with $700, 000 worth of gold.

Recently did a financial analysis of the Pfizer Inc. in a finance class. $700,000 isn't much for them. They have numerious projects worth more than that fail yearly so they will likely just write it off as a project expense somewhere. They probably wouldnt think twice about it if it wasn't for the fact that someone may have stolen it. Time to take a look at inventory procedures I'd say.

#9 Growled

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Posted 11 December 2012 - 00:41

Gold is poisonous to the body, so it makes me wonder what a drug company is using it for ...


A how to use gold to kill someone project?

#10 Nothing Here

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Posted 11 December 2012 - 00:46

Maybe they are making their own home-brewed Goldschlager? :rolleyes: