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user4779
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The Texas bullion depository is not a joke - Bron Suchecki - Perth Mint

"For example, over the past 10 years The Perth Mint has generated $212,661 million in profit before tax and paid $164,299 million to its state government." Hmm ... the tax alone is more than the entire value of all the gold mined in Australia over the same period (whether you reckon it in US or Australian dollars).

Commented 3412 days ago

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Beginning of the headline :So Texas wants to build a bullion depository. Welcome to the club – The Perth Mint, wholly owned by the state of Western Australia, has been offering storage services to locals and overseas investors since the 1980s. Is it a smart idea or a fiscal folly pandering to doomers and preppers, as some in the mainstream media imply? While being used to mainstream media derision about gold, I was surprised at the way the media made fun about Texas’ move, some examples: Bloomberg: Texas wants its gold b... Read More

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