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shaf007
Member since May 2012
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Response To Bix Weir Questions - Perth Mint Blog - Perth Mint

Hi Bron,

I posted the question on Perth Mints website but I was uncertain if you would publish it so I thought I better also post it on a public forum.

Thanks for your detailed response, as expected you did not answer a simple question which could easily be determined by looking at your own book.

I am not sure why you would respond in such a way, it's a little suspicious given that you have the information on hand.

Your response assumes that you do not know what clients have on the books with the mint in unallocated form.

Obviously the Perth Mint knows exactly how many 1oz, 2oz, & 10oz coins are in unallocated storage. The Perth Mint also knows how many 1kg bars, 100oz bars etc are in unallocated storage. The Perth Mint also knows what the breakdown is of gold, silver, and platinum.

The above information is more than enough information to determine the maximum timeframe to mint ALL products and provide an estimate timeframe to clients so they can make a better informed decision on a worst case scenario basis where everyone wants to take delivery of physical.

Afterall, the whole purpose of owning precious metals is the protect ones wealth. Failure to provide transparency is a sure sign of a ponzi scheme.

So now if you take the same approach and do some detailed analysis based on your production capacity, keeping in mind that you do in actual fact know what is on the books, could the Perth Mint determine the maximum timeframe to mint all product in unallocated accounts?

I am not trying to discredit the Perth Mint "Go", however anyone with their right mind should be asking themselves the same questions rather than taking things at face value and been ignorant.

Thanks,
Sam

Commented 5009 days ago

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