Discussion in 'General Precious Metals Discussion' started by SteelHand, Jun 11, 2020.
very sad news indeed. I buy from them because they are, well were, known to be a clean supplier. Guess profits got in the way of that.
What a shame.
It's all about profits!
This Cash Converters of third world conflict gold probably pays less than 70% of spot for the dore bars they source.
Yikes! Sad story bro
Didn't see any specific dates mentioned. Were these very recent purchases when they were bailing out the COMEX or has this been ongoing for a number of months/years?
Rather disappointing, especially if PM had indeed ignored concerns raised by its own staff!
Nobody cares about anybody these days anymore...only money,money,money--Very sad indeed!!!
Thanks @SteelHand for the link...
Sad indeed if true,
but, I will let the person on here who has never purchased anything in their life,
that may have from a country that has child, or forced, or exploited labour, cast the first stone!
^^^anyone ever bought diamond jewelry?
buying conflict goods unwittingly is one thing, knowingly doing so is another.
no perth mint stuff for me thanks.
are they doing it to make large profits or do they have to do it to make a profit????
Source = Main Stream Media.
Looks like this story is gaining traction.
Not a good look for Perth Mint.
Monnaie de Paris uses the “Fairmined Standard” for some of its gold coins.
Perhaps the Perth Mint should adopt a similar gold supply standard certification.
IMHO, any association with Riotinto is likely to have the same effect as the WHO association with the CCP, no wonder this "slipped through the cracks".
Good read. Thanks for the links.
Do you think the mines in that area have been squeaky clean since gold was discovered in the 1890's?
People are quick to point the finger.
Much of the food comes from places like Africa, where the people working the farms
can't afford the produce they grow.
The pollution caused in China because of the Iron Ore and Coking coal sent from Australia.
Or the poor wages foreign workers receive to pick produce here in Australia because you ant to pay $4
a kilo for spuds which has been the same price for ten years.
Or perhaps those goods you buy from China, that lovely dress made in the sweat shops.
Everything comes at a price, lives, economies etc.
I do not condone, slavery, child abuse, poor working conditions but unfortunately these things happen and the goods
and services you take for granted are often tainted with the realities of life.
Often the broader picture can be obscured, that area where the gold is in Golden Valley has competition.
Competition brings about cost cutting, slurring other businesses and slurring supply chains so that someone else
can make a buck.
Having said that, I think these allegations are gathering world-wide news, the LBMA are on the front-foot, the WA
Premier is informed and the Perth Mint Board of Directors could be in for a flushing just as we saw 8 years ago.
What's more importantly is, why have the Perth Mint Board of Directors allowed this to "allegedly" happen?
Are there monetary kick-backs, is there pressure from overseas?
Are the Chinese influencing sales pressure on Perth for gold products?
$4 a kilo for spuds? They've been $6 for a 5kg bag past five years down my way. Scratch my head wondering how anyone benefits from that except the consumer
Could they have picked a better time to bring poor work practices to the attention of an oh so forgiving world?
Isn’t that the point?
Isn't the point that we don't have to have farmers relying on subsidies to stay afloat by them receiving a more appropriate price for their product?
No. If they need subsidies then they shouldn’t be in business.
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