Just for general info This is probably why Perth Ag bullion releases are a bit behind schedule...lots of numi products for the Chinese market. Currency (Perth Mint) Determination 2013 (No. 2) http://www.comlaw.gov.au/Details/F2013L00661/Explanatory Statement/Text http://www.chinacoin.com/shop/azmn_572.html http://www.chinacoin.com/uploads/allimg/130911/1_130911151147_2.jpg
http://www.chinacoin.com/uploads/allimg/130911/1_130911151506_1.jpg http://www.chinacoin.com/uploads/allimg/130911/1_130911151506_2.jpg
http://www.chinacoin.com/uploads/allimg/130911/1_130911150432_1.jpg http://www.chinacoin.com/uploads/allimg/130911/1_130911150433_2.jpg
The thread was more about Perth being tied up producing these types of products rather than releasing their Bullion programme on time. There's many distributors in Australia who are waiting for their bullion orders to be filled and there's plenty of folk who have their money tied up with those distributors. Seems to me that Perth have an operational problem! When a sales programme doesn't fit with production time-lines it's an operational matter for senior staff at Perth. There's no point selling something if you can't provide products to your customers. At this stage...Perth's bullion programme isn't as is should be...there is definitely some sort of coord problem at Perth. H
The above coins that have already been released in China are available in Australia 07 January 2014. http://www.perthmint.com.au/forthcoming-releases.aspx
This is just continuity of the same schitthouse priorities that have screwed up their domestic investment base.. we waited for the 1/2oz dragons for a extra 7 weeks cos Perth Mint wanted the world record for largest gold coins.. but then spun us a crock of schitt that "there team is working 3 x 8 hour shifts a day and are at full productivity -- blah blah. Of course they are putting a priority on the hugely-marked up colured stuff thats 5x spot.. not hard to work out. horse schitt is totally right.. regret not being strong enough to not buy any horses.. meh The bright side is im cured of buying one ounce coins now.. i completely lost the desire to buy modern bullion/rounds and coins. i think PM drove me to it.. can make some money once they are a few years old but the inital premiums and oppertunity cost of getting more silver for less hassle is far more attractive to me. 1for1 141 oneforeone wonforn
They have 2014 on them, I have no problem waiting for 2014 before I buy them. It is not as if I am in a rush to get them.
Its the paying now and waiting til a random future date to delivery.. my previous bad experiences occur when Perth Mint sets a date of delivery and tells a 3rd party the dispatch date, 3rd party sites then on-sell items with the date in mind that Perth Mint has stated - Perth Mint then renegs on the date horizon making the 3rd party retailer look like a jack-arse for starting .. early Nov delivery and causing numerious headaches down the track. One thing to get "delayed" once and blame it on crazy demand and full utilisation of minting equipment but when the pattern repeats yearly on the SAME product ) Lunar bullion 1/2 and 2 etc then you have to consider how market and customer focused this entity is .. of course being a govt entity they match well entities like Australia Post and Energy Australia who have a negative 1 rating out of 5! 1for1
Really hating this trend of slapping some paint on a flat piece of metal and calling it a coin. Paint is no substitute for quality carving/die-making/pressing..
Delayed shipping is simply not good enough, "Delayed" is a euphemism for Late. In the real world not fulfilling obligations within said time frames incurs a fee/ additional expense or compensation. The concept of interest is based on a "delayed repayment" and a fair compensation for this financial tool. Parking ticket, Energy bill, mortgage repayments. This did annoy me, initially the anger was focused on the online retailer ie: bullion bourse, but i kept hearing it was actually the PM "delaying" shipments so changed me opinion / knowledge. Guess its cool with bullion though.. seems to be quite prevalent in the bullion industry (to be fair on ABC in 2009 there was a shortage... but maybe don't make promises you cant keep if the metal isn't yours enough to be able to sell it within said time frames)
