S&P 500
7,418.40
-1.02%
Dow Jones
51,664.50
-0.45%
Nasdaq 100
29,851.90
-1.92%
Russell 2000
2,968.92
-1.22%
FTSE 100
10,355.20
-0.92%
Nikkei 225
70,281.70
-3.89%

Commodities & Metals

Gold Disappears from Paris-Zurich Flight

Photo of Paul Ausick
By Paul Ausick Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Gold bars

Thinkstock
French officials revealed on Tuesday that $2 million in gold bars disappeared from an Air France passenger plane after the gold had been loaded on the plane for a flight to Zurich. The gold bars weighing approximately 161 pounds appear to have been stolen before the plane left Paris on a flight for Zurich operated by Air France budget carrier Hop!.

U.S. security firm The Brink’s Co. (NYSE: BCO) said it delivered the gold to the plane and that “the parcels weren’t under [Brink’s] responsibility when they disappeared.” Investigators have not ruled out the possibility that the gold disappeared once the plane landed in Zurich.

Last June a plane from Switzerland to New York with a delivery of cash for the U.S. Federal Reserve Bank of New York arrived with $1.2 million missing from a scheduled delivery of $93 million.

Air France has claimed it was the victim of the gold theft and has filed a complaint with French authorities, according to The Wall Street Journal. An airlines spokesman said the gold shipments are insured but gave no additional details.

DISCLOSURE:
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org). Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov. Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 30 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org). There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event. Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options  Investing in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. Further, there are a variety of risk factors to consider when investing in an IPO, including but not limited to, unproven management, significant debt, and lack of operating history. For a comprehensive discussion of these risks please refer to SoFi Securities’ IPO Risk Disclosure Statement This should not be considered a recommendation to participate in IPOs and investors should carefully read the offering prospectus to determine whether an offering is consistent with their investment objectives, risk tolerance, and financial situation. New offerings generally have high demand and there are a limited number of shares available for distribution to participants. Many customers may not be allocated shares and share allocations may be significantly smaller than the shares requested in the customer’s initial offer (Indication of Interest). For more information on the allocation process please visit IPO Allocation.
Follow 24/7 Wall St. on Google
Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Paul Ausick |

UK Grounds Airbus Military Plane After Crash

The United Kingdom’s Royal Air Force has ordered 22 of the Airbus A400M Atlas airlifter military transport planes and has…

This Is How Much Boeing’s Bread-and-Butter Planes Cost
Paul Ausick |

This Is How Much Boeing’s Bread-and-Butter Planes Cost

American Airlines on Sunday said it would keep its fleet of 24 Boeing 737 MAX 8 aircraft on the ground…

Paul Ausick |

$1.2 Million in Cash Destined for Fed Goes Missing

ThinkstockA Swiss International Air Lines plane landed at New York’s JFK airport last night with a delivery of cash for…

Paul Ausick |

Boeing Finds Wing Cracks on 787 Dreamliner

courtesy Boeing Co.In the latest of a string of problems found on its 787 Dreamliner, The Boeing Co. (NYSE: BA)…

Paul Ausick |

Airbus A320 Disappears on Flight to Singapore

Airbus Group NVAn Airbus Group NV A320-200 carrying 162 passengers and crew on flight QZ8501 from Surabaya, Indonesia, to Singapore…

Paul Ausick |

France Sells Partial Stake in Engine Maker for Boeing, Airbus Planes

courtesy Boeing Co.The French finance minister has said that the government is selling a 3.6% stake in jet engine maker…

Paul Ausick |

Airbus Confirms Engine Failure on Military Plane Crash in Spain

Three of the four turbo-prop engines failed on the Airbus A400m military transport that crashed near Seville, Spain, on May…

How Qantas Delivered More Bad News for Boeing Stock
247sarah |

How Qantas Delivered More Bad News for Boeing Stock

The situation got a little worse today for Boeing amid the COVID-19 pandemic as Australian airline Qantas International said it…

No Survivors Likely in Indonesian Crash of New Boeing 737
Paul Ausick |

No Survivors Likely in Indonesian Crash of New Boeing 737

A new Boeing 737 MAX owned and operated by Indonesia's Lion Air crashed into the sea near Jakarta and all…

Top Gaining Stocks

Super Micro Computer
SMCI • Vol: 128,836,317
ON Semiconductor
ON • Vol: 12,044,310
Corning
GLW • Vol: 18,574,393
Micron Technology
MU • Vol: 53,140,821
AbbVie
ABBV • Vol: 9,912,803

Top Losing Stocks

Coterra Energy
CTRA • Vol: 73,319,495
Moderna
MRNA • Vol: 8,363,487
Palantir
PLTR • Vol: 56,918,231
Verisign
VRSN • Vol: 1,691,263
Chipotle Mexican Grill
CMG • Vol: 18,457,730