Perth Bullion Liquidation

If the difference is only $10-20/Oz of gold it's not worth the distance for me. But silver is where they can win me over as everyone has ridiculous premiums still.

 

https://www.rsm.global/australia/insights/restructuring-insights/information-perth-bullion-company

https://publishednotices.asic.gov.a...&noticestate=All&deregistration=true&archvd=0

Still showing as "in liquidation" on the ASIC website, maybe they are still emerging from that and the rebirth/reinstatement hasn't been made official yet

 

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Are you going to send $$$$$ and hope for the Gold / Silver? let me know when you get it.

 

Hi slava, our website is down at the moment, but will be back up and running sometime before Christmas. If you want to place an order feel free to visit, email us, or call the office any time during business hours and we will be happy to provide you with your purchase over the counter at the time of purchase, or arrange postage for you!

 

Hi there sctpc, only casinos take your money and sell you hope with the chance of a big win. But, if you don't get that you just don't get it. We provide all OTC purchases at POS and provide tracking numbers on the day for all online, email and phone orders that require shipping. We would be more than happy to do business with you

 

@Matthew Hooper. Are you the new face of Perth Bullion. Were you associated with Perth Bullion before their shut down?

PB used to great and were a go to for many people on here until their closure, so many people are very cautious now as I'm sure you can understand.

Anyway, good to see PB on this forum once again.

 

Some not happy campers on this post, someone lost $4k to the liquidators.
https://www.facebook.com/perthbullioncompany/posts/3447858028642106
I don't understand how a company can go into a full liquidation and then start trading again under the same name (same ABN?) as if nothing happened. Surely this opens them up to lawsuits from those who lost money?

 

Hi Stewy,

I have been with Perth Bullion for six months now. So, I have joined very much post liquidation. I completely understand how people would be apprehensive, it would be a lot to take on board for a lot of people. The way that the liquidation was handled was very unfair to everybody involved and the damage that the liquidator has caused has also created a lot of confusion and negativity to be directed in the wrong way. We are doing what we can to work through this as delicately and with as much understanding as possible.

And, thank you. Good to be here!

 

Hi SilverDJ,

It was Bullion Bourse which was the company that was liquidated. Not Perth Bullion Company and we are not trading as if nothing happened. We are very much working through and with as many people as possible. If you were affected by the liquidation we would be more than happy to have you in to sit down and address any concerns and provide you with any information that you require.

 

With the name you most certainly are. Bullion Bourse Pty Pty was just the underlying company structure used on nothing but a footnote in the invoice and legal disclaimers etc, you were publicly trading and branding as the Perth Bullion Company through all of this. Even your bank account name was Perth Bullion Company. How can you ever expect anyone to trust you ever again?

 

With all due respect, how can trust for the Perth Bullion Company be the issue at hand here? PBC charged lower premiums than the Perth Mint and followed the GST guidelines that were applicable for precious metals and were made a pariah on purpose, while the PM is left to continue trading and breaking the GST guidelines for precious metals with no persecution from the ATO in sight. The way the liquidation was handled by RSM and Neil Cribb was completely unethical and seems to have been done in a way that would completely destroy the reputation of a very well respected business in the worldwide precious metals community. I would strongly suggest you do some research before making such wild proclamations.

 

I'm just stating a fact and highlighting the optics of using the same name, not making "proclamations". Many people won't care about the technical details, all they know is they were dealing with "Perth Bullion Company". Whatever actually happened won't matter to a lot of people, they will just associate all the problems with that name. Heck, look at the title of this 34 page thread.
IMO, from an optics point of view it's an incredibly bad business move to continue trading under the same name again.

 

I can empathize with your point of view. But, keep in mind. Prior to RSM and Neil Cribb taking control of Bullion Bourse, PBC had nothing but happy customers. If what actually happened is not going to matter to people, then I would suggest that maybe those people should start caring about what is actually going on and paying attention to the details.

 

Sorry to tell you, but you can't realistically expect people to research all this to try and understand it.
If what you say is correct and it was solely the administrators who destroyed Perth Bullions reputation, then the smart move would have been to start trading under a new name and leave all the baggage behind.
Now you have to spend all your time and effort trying to convince former customers to come back, and almost certainly a futile attempt at that for many who went through all this angst, even if it wasn't your fault.
Do the benefits of having the trading name back outweigh all the baggage? I'd be surprised if they did.

These are the top google search results for Perth Bullion Company, why on earth would you want all this baggage to follow you around forever?

 

So, if you had one of the most collectible pieces of silver in the world that was one of the highest valued pieces of silver in the world, but it was stolen by someone, scratched up and left to corrode and lost its place as one of the most valued pieces of silver in the world. Then, you had the chance to buy it back and did so. Would you still be happy to tell people that it was the same piece of silver and still hold it in high regard, despite the fact nobody actually payed any attention the story behind it? I'm pretty sure you would still be happy to call it what it was.

 

Your choice, not mine. You get to deal with the reality of the baggage, no one else, no amount of analogy will change that. Good luck, especially with those former customers who it seems you still haven't answered.
How about getting Ben to share that "long story" perhaps?

 

Matthew, For me the problem is Pert Bullion Company, they have not addressed the Change of bank account and kept trading after RSM, the records of storage was no existent according to RSM (nothing to prove otherwise) and the thief she was not found to nick it that was RSM found it via a audit. forget the ones that lost big on unallocated and thats just some problems with my trust when I can get it at other places for around the same price.

 

As I have previously mentioned, we are more than happy to sit down and speak to previous clients, or arrange Zoom meetings if they are not in the Perth area. As there are only two of us back in the office, contacting all of the previous clients has been a slow process. Some have changed their numbers and I am getting smtp rejections from a lot of the email addresses that we had on file for them. To anybody who had to deal with Neil Cribb last year, feel free to get in touch with us any time during business hours.

 

I think what you will find is RSM and Neil Cribb were very unethical, non-communicative and dealt with the entire liquidation process the wrong way. What has been made public about the companies record keeping is incorrect. I'm confident that this will be cleared up in the near future. Feel free to arrange a time to come in if you would like more information.