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Yes it is, and that is why you will see dealers offering unallocated accounts. It is also what the previous company I worked for monetary-metals.com was all about.

Returns currently are very low and leasing by CBs has certainly reduced. In the case of RBA, as the FOI disclosed they are leasing to Perth Mint so they probably see no risk, hence any return is better than paying to store at BoE. You can see from the first chart in this post...

Businesses that use physical gold run things either of two ways: Buy & Hedge Borrow money Buy gold Sell futures contract Make gold widget Sell gold widget Repeat steps 2 to 5 Extend bank loan from step 1 and roll short futures contract from step 3 as required Lease Borrow gold Make gold...

They don't borrow the gold, they lend their gold out There are only two purposes for borrowing gold. #1 By a business making stuff out of gold to fund their working inventory. In this case the recent RBA FOI by Bullion Baron reveals that the borrower of RBA's gold was the Perth Mint. #2 To...

It is standard for any employment contract that you can't talk about your employers confidential business. Having said that, I think @JOHNLGALT is right, there is something out there by the Perth Mint mentioning that they supply blanks to the US Mint and it should be no surprise they supply...

They didn't sell it, they leased it. WGC gets its wrong https://www.gold.org/goldhub/data/monthly-central-bank-statistics because they only look at "physical gold" reported by CBs and as Australia is one of the few which breaks out physical vs leased, it shows up as a reduction. Many other CBs...

That link has our prices per product so no need for auditor to strain their brain working out fine ounces. As those prices are from a dealer independent of you and represent market prices that should be enough

"Assume you have 1 troy ounce of gold bullion in ABC Pool Allocated Product, worth AUD $1,500" I will get it changed to say "currently worth AUD $1,500" It is basically just saying the way to work out barring or premium is just subtract current spot metal value of the item from its current...

Re valuation that is why we have this page https://www.abcbullion.com.au/products-pricing/eofy-price-history If that is not enough for the auditor to accept I don't know what would be.

Thanks, John is on holiday so I take full responsibility for this one.

FYI Capt. Kook has confirmed Shae Russell will be there, so I've updated the eventbrite listing with Shae as a "keynote" :): ABC Bullion is proud to host and sponsor Silver Stackers' first national meet up in Sydney. A great opportunity to network & trade with fellow stackers over drinks and...

I've updated the eventbrite listing with Shae as a "keynote" :): ABC Bullion is proud to host and sponsor Silver Stackers' first national meet up in Sydney. A great opportunity to network & trade with fellow stackers over drinks and nibblies while listening to an update on the national and...

We aren't going to be able to do the refinery tour due to security reasons, unfortunately.

Certainly I would recommend GAIC if you are flying up, some interesting speakers this year and if you are into gold equities it is convenient to be able to hear and meet with a number of companies all in one spot.

Tickets can be booked here https://www.eventbrite.com.au/e/silver-stackers-national-meet-up-hosted-sponsored-by-abc-bullion-tickets-71737355361 there is only so much space in the ABC office so tickets are limited.

Thanks and happy to help provide a secure location for trades. Just note tickets are limited, there is only so much space in the ABC office, so don't wait around.

You can pop into ABC Bullion's perth office Level 3, 40 St Georges Tce 8:30 to 4:30 Mon-Fri https://www.abcbullion.com.au/abc-bullion-perth-office

There is another theory: JPM is just acting as a market maker and has no position long or short. As longs come into the market and bid up the future price, JPM goes short and buys silver in the spot market. They make a profit from the difference between the higher (bid up) futures price and...

Actually I wasn't directing that to you, I was talking about the creators of that theory, which I think is Ted Butler but maybe someone else came up with it first.

Actually the trick is to know you know very little and stay skeptical. Games are played at many levels.