Kitco News, Released on 6/17/21 0:00 – Introduction to The Perth Mint 9:13 – Shortage of gold & silver? 19:06 – Unallocated, allocated, and pool accounts 23:24 – Metals inventory 30:07 – Precious metal borrowings 32:07 – Insurance, working stock management 39:03 – Outlook on the precious metals markets Richard Hayes, CEO of The Perth […]
GoldSilver Pros, Released on 6/14/21 Not only is Perth mint net short on metal, but they appear to be using client accounts to generate interest income. A CFA explains how the Perth Mint is apparently using customer accounts for interest-earning purposes, essentially turning Perth into a regular bank. This our 3rd video on #PerthMint, unraveling […]
Financial Survival Network, Released on 5/22/21 Perth Mint’s unallocated, pooled account program appears to be in trouble. People seeking delivery or allocated metals have been complaining about major delays or even a failure to delivery. In their recent annual report, they indirectly admit that they don’t have the metal. It’s been re-hypothocated to the moon. […]
