Perth Bullion Liquidation

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

  1. Bullion_ron

    Bullion_ron Well-Known Member Silver Stacker

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    https://www.ato.gov.au/law/view/document?DocID=GST/GSTR200310/NAT/ATO/00001

    This is the ATO's definition of bullion and what is or isnt GST applicable.

    The reason 'non bullion' coins get seld here so much is that i we dont charge each other GST. A sovereign (bullion grade, nothing fancy) will always be ~10% cheaper hear than from say Jaggards or KJC. I believe as they are busineses and have to lodge a BAS they have to collect GST on what needs collecting
     
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  2. Bullion_ron

    Bullion_ron Well-Known Member Silver Stacker

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    Yeah, theyre not a bad mob. Hopefully they stock the 1/4 oz QB rounds haha
     
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  3. cracka stacka

    cracka stacka Member

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    Yea if they ever get their online store website up...
     
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  4. Gazzasore

    Gazzasore New Member

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    Lots of the Bullion selless only seem to sell in 20x or 100x or 200x
    No options of buying less
     
  5. mongrelmaple

    mongrelmaple Well-Known Member Silver Stacker

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    Here’s an update from the liquidators I just recieved...

    41FA5C42-D6BA-445E-9C64-B06E2807800D.png BAA96D88-A9D4-44A1-A2A5-F00F8C3ECEC1.png
     
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  6. cracka stacka

    cracka stacka Member

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    OMG, no records? smh. They are going to make it as hard as possible. Good luck if had holdings there. Feels bad.
     
  7. Gigrantor

    Gigrantor Member

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    So what does this mean for someone like myself that made a purchase on the 2nd of July?

    I have a screenshot that proves that my funds were deposited into Perth Bullion account on this date which my bank can verify...

    Where do I stand???
     
  8. octapotamus

    octapotamus Member Silver Stacker

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    I have a deposit box with them. I only just found out about this this morning. I'm in the USA.

    Do any other deposit box holders have news on how/when we can access our stuff?

    I'm quietly freaking out
     
  9. ScroogeMcDuck

    ScroogeMcDuck New Member

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    Im in same boat
    Deposit box holder
    No more news than what is on rsm.com.au/perthbullion web site

    I rang rsm.on tuesday they couldn't tell me anything.

    So assuming seeing your overseas perth bullion held the key to sdb?

    Im in same boat as work up north and regularly brought and got them to add putin my sdb.

    I was down late last year and did a physical inspection and all was on order.

    But who knows what has taken place since!
     
  10. iceblue

    iceblue Well-Known Member

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    I call BULLSHIT there are no records, I call Bullshit people deposited money into different accounts. From that statement it clearly shows this bloke has no idea what he is doing.
     
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  11. sctpc

    sctpc Active Member

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    I agree, I can still log in as of a week ago. And see every transaction from day one and always paid to the same bank account.
     
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  12. alor

    alor Well-Known Member Silver Stacker

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    appointed to undermine the community and industry, while eating away all the meat for as long as possible to the next target job :) and at the same time keeping a database for targeting ???
     
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  13. silverlining333

    silverlining333 Member Silver Stacker

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    Yes most of the records will simply be on the websites administration so not sure what they are talking about.

    But i have unfortunately paid for my order to the new bank account ( 1225 9668 ) ... so if this account is not the Liquidators then its the old owners-directors of Perth Bullion.

    Which means the Perth Bullion Directors have planned to steal from us ( the customers ) we paid them for our orders into their new bank account after the Liquidator
    had been appointed.

    Its one thing being F'd over by stupid GST rulings , but planning theft from us little guys who had supported them for years !

    If any others here have paid into the new bank account, please send me a message, as It doesnt seem like the Liquidator (RSM) will be working for us.

    I believe the Directors name is :

    Benjamin Didier Welsh
     
  14. Gigrantor

    Gigrantor Member

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    I did a bank transfer from my Bendigo Bank account to their old account 10182436 on July 2nd.

    This transfer is on my bank statement and I even have a screenshot to prove my purchase.

    One would think that this would be enough to protect me in this situation!
     
  15. silverlining333

    silverlining333 Member Silver Stacker

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    Yeh if he left your metal in the premises.

    He could have just taken most of the stored metal and sold it off already, and say hr never had it, declare bankrupt.

    But it is criminal so he has to pay .. do some time in lockup.
     
    Last edited: Jul 20, 2019
  16. Gigrantor

    Gigrantor Member

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    If he has indeed intentionally done this then this scumbag deserves to be locked up in prison with other scumbags and used and abused regularly as a prison bride!!!
     
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  17. silverlining333

    silverlining333 Member Silver Stacker

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    Totally agree!

    If his planned to steal from me and others, i dont have much hope for anyone waiting for metal from this company.

    Also its possible that other staff working for him could be in some trouble for aiding and abetting the crimes to happen.

    I wonder how much money has this guy stolen ?
     
    Last edited: Jul 20, 2019
  18. ScroogeMcDuck

    ScroogeMcDuck New Member

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    I like how they sayy no readily available stock list for allocated holdings or sdb but they recommend getting insurance.
    How can we get insurance if we cant prove that there is actually any bullion in the sdb, if we cant get any access at this stage?
    For all we know at this stage until proven otherwise that sdb and other bullion hasn't been compromised?
     
  19. 66rounds

    66rounds Well-Known Member Silver Stacker

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    I think they meant begin the process of filing an insurance claim if you already have insurance and proof of your stock
     
  20. silverlining333

    silverlining333 Member Silver Stacker

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    Yeh they even let them trade illegally after they were appointed the administrators !

    Not sure why its so hard for RSM to give more information, especially to Sdb holders.
     

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