Perth Bullion Liquidation

Discussion in 'General Precious Metals Discussion' started by nighttrader, Jul 9, 2019.

  1. gsswan

    gsswan Member

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    I had a SDB & got my stuff.

    I sort of expected to pay but the way I see it is if the RSM charges are reasonable for associated work involved in distributing 3rd party property.

    If there was no 3rd party property in the building RSM probably in the 1st month would of emptied the building & there would be a for sale or for lease sign on the building, they are only still incurring costs on the building to necessitate the distribution of 3rd party property.

    1 month, 3 months or however number of months they have to keep the building going will cost money & RSM have gone to where the money is.
     
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  2. Askari

    Askari Active Member Silver Stacker

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    Very true, they probably allocate the lease cost to sdb holders. Good call
     
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  3. dollars

    dollars Active Member Silver Stacker

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    Former Perth Bullion Company employee Melissa Anne Langridge admits stealing $34,000 worth of coins from Cloverdale dealer

    Just saw headline in West Australian site can’t post as not a subscriber
     
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  4. herkyderky

    herkyderky Active Member

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  5. gsswan

    gsswan Member

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  6. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Been away for a while and come back to this unfortunate news. Any updates? I had a small amount of unallocated silver still with them (2kg) which I assume is gone. I hope people with large holdings got at least some of their PMs back.
     
  7. sctpc

    sctpc Active Member

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  8. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    Will be eager to see what happens on the 7th in court and if any other information will surface.
     
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  9. dollars

    dollars Active Member Silver Stacker

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    Looks like some of the Perth bullion coin are for sale / auction at grays online West Australian branch

    Listed yesterday
     
  10. madaw1

    madaw1 Well-Known Member

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    Why do you think they are Perth Bullion coin? I've check this auction -nothing interesting...
     
  11. SteelHand

    SteelHand Well-Known Member Silver Stacker

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    Yeah, not much there and already overpriced once you add the buyers premium AND GST on top
     
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  12. SilverDJ

    SilverDJ Well-Known Member

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    As usual, beware the 20% buyers premium!
     
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  13. SteelHand

    SteelHand Well-Known Member Silver Stacker

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    I do meddle with online auctions occasionally and I base my maximum bid on the spot price (or slightly above) plus the buyers premium. Best one I have won was 10 x 1oz Sunshine Mint bars at .94c over spot each. You will lose way more than you win but at least you won't have gone overboard on the price
     
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  14. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Spreadsheets come in very handy for this sort of auction. Can determine your minimum and max bid based on premiums and spot. Can even include postage costs.
     
  15. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    Thought there might be an update on this already, but I went looking and found it hard to find any info pertaining to the 7th.

    She is due in front of court again on the 19th Dec @ 10am.
     
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  16. GeordieGirl

    GeordieGirl Member

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    Apologies if this is the wrong place to ask this question .

    Can anyone help me with a good alternative to Perth Bullion - apart from PM of course.
     
  17. SteelHand

    SteelHand Well-Known Member Silver Stacker

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  18. bron.suchecki

    bron.suchecki Well-Known Member

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    ABC Bullion on level 3 40 st georges
     
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  19. GeordieGirl

    GeordieGirl Member

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    Thank you
     
  20. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    Yep, swan bullion would be closest to you and are pretty good. One of guys are on here as far as I know.
    Other than that if you know exactly what you want ABC has a small office and can get it in. (@bron.suchecki do you have stock there to view?)

    There is also Perth Mint, the coin shop opposite the mint (can't remember the name) and also WA coins on Beaufort street who are also on here.
     

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