Scott Schmidt, who was in charge of the 230th Finance Battalion. The battalion's task was to confiscate Iraqi assets, such as currency, gold bars and other valuables. The conspiracy theory is still circulating, stating that the United States stole Iraqi gold and oil, specifically $20 TRILLION in gold and $30 TRILLION in oil.
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Most pawn shops, “cash for gold” shops, and some local jewelers will buy broken gold items. Broken gold items are usually valued based on their scrap value, the value of pure 24-karat gold left after the object has been melted.