Perth Mint Etf ?

Discussion in 'General Precious Metals Discussion' started by clear, Feb 16, 2021.

  1. clear

    clear Well-Known Member

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  2. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Some of the comments aren’t happy. Not sure if there’s any value to retail investors in having a State government going guarantor, they can go broke unlike a national government.

    Instos may have a valid complaint.
     
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  3. PMCollector

    PMCollector Member

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    The vampire squid.. nothing changes
    Unknown.jpeg
     
  4. clear

    clear Well-Known Member

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    @ shiney is it possibly clever risk management by Wa state government ?
     
    Last edited: Feb 17, 2021
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  5. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    I'm thinking of buying the Perth Mint's Australian ETF operation. Change all the conditions with payout in Monopoly currency.

    Let this be a warning to anyone in an ETF!
     
  6. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    I wonder if the holders of the PM ETF were notified. Bullion Star posted this on Twitter. Have seen no other reports from the PM or in the West Australian ? Now the PM should have billions of $ worth of gold freed up for sale as they would not have to hold their working inventory as backing for the ETF - pull the other leg. No bars available ...they have no backing for any paper or unallocated holdings. The WA government got off lightly... Its a complete scam - disgusting PM.
     
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  7. PMCollector

    PMCollector Member

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    I just put an order in yesterday actually, they have no silver available and very limited gold available for sale... nothing in cast and few random minted sizes, the rest 3 week wait they said
     
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