Interesting question which is complex and can be looked at at several levels - I have split it up into 5 sectors The first 2 I have answered (my personal opinion) and the last three I will leave to others with greater knowledge. 1. Bullion products are genuine and contain right weight and purity - 100% safe 2. Proof and specimen coins - numismatic quality - milk spots etc 75% safe (let's hope it's that high) 3. Allocated storage - safety of your items and redemption of your metal - 4. Unallocated storage - safety of your items and redemption of your metal - 5. Supply ongoing product and impact by metal shortage
You seriously didn't know about the upcoming privatisation? It was covered several months ago when the new Perth Mint website frontpage was leaked:
Very safe, its the only Perth CBD tourist attractions for visitors who have enough money to actually afford anything here in WA
Fair point, all these sectors make it more inviting for private ownership. Anyone who is in the market to takeover a company likes to see some state of stability. And by upping the ante on low premium bullion such as the new Kanga, that makes it more appealing. It's a great way to stack the books by cost cutting on a low quality product to momentary boost profits...
When the WA Government are looking to liquidate public assets ( as they will ), this makes it all the more attractive. I'm not saying the PM will be sold this year. But when it comes to raking in revenue to pay off debt all cards are on the table. The PM won't be the only public asset in the line of fire. When it comes to a group of people buying bullion or getting the public to bail out Government debt, a mint or a power company here or there looks more desirable for political parties. Of course, having a private company manufacturing a coin with a face value may pose a obstacle, but I'm sure a loop hole can be found ? Cheers.
What's wrong Chippy...You saying that it's impossible that the Perth Mint can never be privatised ? Just like you said that " The Perth Mint " had solved the milk spot issue, which you got wrong. And if it was privatised and a new board of directors and CEO were appointed, that may not be a bad thing. Cheers
Nothing to do with ol' Ed being retirement age... Seriously silversearcher, jump on a bloody plane to Perth and walk down Hay St. You can see the new facility from the street. Your posts on Perth Mint are becoming troll posts.
You seem willing to ignore that many of us on this forum are in the industry, in their own businesses that COMPETE with the Perth Mint on many fronts - yet we're called apologists when we post an opposing point of view that doesn't fit your current sledge target. At least you've moved on from Engelhard. Who's next?
Let's see what transpires in the next 24 months GP. Never say never to Governments liquidating in tough times. Cheers
Do you know how big WA government projects in the expansion of the Perth Airport & the New city for shore? We are talking into Billions....
Billions in loans yes Chip. All supported by a diminishing credit status. These are not projects that are designed for productivity. Poor decisions will follow these already poor decisions
Next target will be Alibaba - Jack Ma For making milk spot coins as they perfected their techniques. :lol: Edited: Just a suggestion so he can takes his next target.
That's a bit unfair...I thought this was a forum to express open and honest opinions and points of view. I understand that your in the industry. And many of us are customers who buy off the Perth Mint or yourself. Is it fair the customer has to accept that at times quality is not up to scratch ? I don't ! I will not apologise for and this, while others do. As a retailer myself I have a high expectation that the product I sell is of high quality. However, others beg to differ. And bringing up The Englelhard issue is a bit rude. It wasn't your money spent on a bar with crud in it, it was mine. I do give praise where praise is deserved, but that goes unnoticed. I am not against The Mints, or their suppliers. But I'm not a brown noser either. Like many others, we want a great product. It has to be a good thing for you. And if those in the industry expect it's OK to continue to sell a products of substandard quality then you have to wonder. As for this topic GP, your reading into things that aren't there ( or maybe I am also )... I'm a proud Australian and proud of Australian companies. This is just a topic on the future of The Perth Mint that's all. I'm just speculating and looking at a State owned operation and changes within...If you don't like what I say then ban me. I don't believe I've done anything wrong, but state my point of view, and open up a topic. All this time I have been never bullied or been rude, even while being misquoted. I've kept my dignity and respect for people. Yes no doubt, I'm batting on the team of the consumer. And long term if we are happy you will be happy. Cheers
