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More or Less: Behind the Stats

Does your jewellery contain stolen Brink’s-Mat gold?

More or Less: Behind the Stats

BBC

Business, Mathematics, Science, News Commentary, News

4.63.5K Ratings

🗓️ 4 March 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

The Brink’s-Mat robbery remains to this day one of Britain’s biggest and most audacious heists. Six armed men stole diamonds, cash and three tonnes of gold bullion from a warehouse close to London’s Heathrow Airport in November 1983. It’s now the subject of a BBC television drama, The Gold, which includes the claim that most gold jewellery bought in the UK from 1984 onwards will contain traces of that stolen gold. But how true is that? Tim Harford and team investigate, with the help of Zoe Lyons from Hatton Garden Metals and Rob Eastaway, author of Maths on the Back of an Envelope.

Transcript

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0:00.0

Hi, Namulanta combo here and I'm excited to tell you that my award-winning podcast,

0:06.3

Dear Daughter, is back for his second season and it's available now.

0:11.2

Find out more at the end of this podcast.

0:14.0

Thank you for downloading the more or less podcast.

0:18.1

Gold like that, you can't control it.

0:22.2

And if you can't handle it, then it will find its way to someone who can.

0:28.8

This week we're going back to London in 1983.

0:33.6

On November 9th, six men in a van pull up outside a non-descript looking warehouse near Hiko Airport.

0:41.1

The building is a depot belonging to a security company named Brink's Mat.

0:49.4

Inside they discover diamonds, cash and a huge dash of gold,

0:53.5

3,000 kilograms of gold or roughly the weight of a minibus.

1:06.6

Most of the gold has never been recovered.

1:09.6

Such is the quantity of the Brink's Mat Gold and the mystery around its whereabouts that it has been

1:14.8

claimed. If you've bought gold jewelry in Britain since 1984, it's likely to contain traces of

1:21.0

Brink's Mat Gold. This claim has been around for a while. For example, it was included in a BBC

1:26.9

article about the robbery in the year 2000. But it's been brought to our attention because the

1:31.8

Brink's Mat robbery is the subject of a new BBC drama called The Gold. And that claim pops

1:38.1

up on the screen right at the beginning. We know one more or less that all numerical claims that

1:44.4

glitter aren't gold and to get to the bottom of this one, I wanted to hear from someone who knows

1:49.5

a lot about gold and other shiny things. Hi, I'm Zoe. I'm the general manager of a company called

1:55.2

Hatten Garden Metals. Hatten Garden, where Zoe's family business is based, is a street in London,

2:00.8

which is known for its jewelers and gold traders. Essentially we're just a very large recycling plant

...

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