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I think the AUD/USD is more like to weaken than strengthen from here, so would not suggest QAU and just buy gold with AUD

They will both perform the same as they are denominated in gold. The currencies you mention are just what denomination they trade in on their exchanges. If you try and buy AAAU you are going to have to convert your AUD to USD, and then back again into AUD, so it will still "perform" the same as...

Agreed, but to some extent what backs cash is the government's assets, ability to tax (extract productive things) and I suppose the assets of the central bank.

Physical cash is issued by the government. What do you think backs it?

First thing to note is that the government can always draft new laws to confiscate/exapporiate whatever metals they want. However this will involved debate in parliament and take time to pass, so they may look to utilise existing laws, of which they have two options: 1. Part IV of the Banking...

Hi Julie, yeah I responded https://goldchat.blogspot.com/2018/10/the-mystery-of-missing-australian-gold.html and https://goldchat.blogspot.com/2018/10/is-australia-on-555-gold-standard.html

While percentage over spot is the traditional pricing method for some coins, it doesn't make sense as you say because manufacturing costs don't change in line with the gold price. The amortisation (I note you're spelling with Z) over more volume is a factor (and gold and silver coins are done...

I provided more detail on Australia's gold holdings and lending here and here. The return is actually 0.15% and is in line with market lease rates. It is also a net figure as there are no storage costs - leased gold is handed over to the borrower.

You are going to need a fair few tens of millions to do option 1. I have read criticisms that miners give away too much upside to get financing from streamers and royalty companies.

This business is all about volume/economies of scale. The main area of complexity is blanking, not minting, a lot of machines required there so scale essential. There are various business models: Do it all in-house, minimise inefficiencies between processes Just do product design and minting...

Maybe a contributing factor in why those two firms went bust was the fact that the premiums were too low given all the costs he mentions combined with low sales over past few years of the bear market (talking to a few dealers and manufacturers, the last couple of years have been the worst in a...

He says "the proposed penalty – which would see the business closed, would put 70 staff members out of work, and deny 50,000 subscribers advice". 70 staff, maybe some are part-time, with on-costs must be around $4-5m. 50,000 subscribers at say $200 pa average would be $10m revenue, so I think...

From https://www.portphillippublishing.com.au/about/ "Port Phillip Publishing was established in 2005 as the Australian outpost of US publisher, Agora Inc" Agora also owns Stansberry Research. There is nothing stopping an Australian from signing up to a US newsletter I guess which runs...

I think if the guide said "that our income expert would try to mimic or match the performance of the Future Fund. He would attempt to do that by recommending listed investments, which broadly correlated with the Future Fund’s asset allocation" as Kris claims then ASIC's points (f) to (j) don't...

Given ASIC has been asleep at the wheel with regards to banking issues, hard to disagree with Kris that "the proposed penalty is to close our entire business. I am unaware of any instance where regulators have sought to shut down one of the big banks or funds management businesses when they have...

No I can repost them as I don't work at the Perth Mint anymore.

Yep, see https://www.silverstackers.com/forums/index.php?threads/exclusive-to-silverstackers-electron-microscope-images-of-white-spot.59730/ Milk spots are not the same as tarnish, see link above. I was selling Perth Mint coins out of their Sydney outlet in 1994 and never saw or heard of milk...

He should have disclosed that, but then this is typical of crytpo.

"if the website of the coin in question specifically mentioned that they wanted to be a means of payment, the coin was included in this investigation" - is Dogecoin really aiming to be a means of payment?

"In this research, 32 crypto currencies, that have this wish, will be examined and investigated in the areas of Security, Availability, User-friendliness, Technical user aspects, Maintenance" https://medium.com/@aat.de.kwaasteniet/which-crypto-becomes-the-new-payment-system-69f95b2d2ec3 This is...