Previously, we looked at exactly how this could work, with an example of a very simple 100% reserve, bullion warehouse receipt-type system, hypothetically applied to Belize.
The Federation of Quebec Maple Syrup Producers, which bills itself as keeper of the global strategic maple syrup reserve, said in August that up to 10 million pounds of the sweet stuff was in the warehouse from which the theft occurred but could not say exactly how much was missing.