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the $843m receivable item does not represent 'physical metal' in the vault, and is misrepresentation. Without it, their own accounts show the Perth Mint cannot meet their customer obligations.

i reckon its a fair shot, given the perth mint are going out of their way to put out false figures about their metal shortage.

why is overseas a different matter?

TL;DR Perth Mint present figures to demonstrate they have 'physical metal inventory' on hand. ie metal assets in the Mint's vault are greater than metal liabilities to its customers. TOTAL ASSETS = $6,481m TOTAL LIABILITIES = $6,398m therefore net +ve = $83m in metals However, the...

Does anyone know an accountant who can verify this? This accountant says there is some creative accounting going on at Perth Mint. Kitco news response to a request for clarification was rather disappointing https://twitter.com/goldsilver_pros/status/1404797430651146242

welcome https://www.reddit.com/r/Wallstreetsilver/ https://twitter.com/WallStreetSilv

some more info on this from ZH https://www.zerohedge.com/markets/silversqueeze-hits-london-slv-warns-limited-available-silver

TL;DR, indemnifies them in case where they don't have enough silver https://www.reddit.com/r/Wallstreetsilver/comments/lj9z7g/slv_altered_its_prospectus_on_3rd_february/

seems we got their attention https://www.cftc.gov/PressRoom/PressReleases/8360-21

If any one is interested in the coming Reddit #silversqueeze please upvote and share https://www.reddit.com/r/wallstreetbets/comments/l68ill/the_biggest_short_squeeze_in_the_world_slv_silver/

If anyone is interested in seeing an example of how politicians protect their mates, here is what happened in parliament last week. I think this MP was a little bit too eager to please his masters. https://www.youtube.com/watch?v=d-NkRLAS49k

Last week in the Senate. "people who hadn't missed a payment on their loan" .. "are living in garages .. bankrupt" https://www.youtube.com/watch?v=PpavkodPykQ&t=7s Class action already underway https://bankwestclassaction.com.au/

The matter is currently before the courts. As is usually the case, the general public will not hear about it until it is too late because hearing about Brangelina's break up is more important. This particular action involves bringing to the attention of the Senate President the false and...

actually, the bank's own lawyers disagree with you. They have admitted in court that the alleged conduct is illegal. It is illegal to premeditate foreclosure based on internal funding issues and instead fabricate a covenant breach whether actual or implied. summary of affidavit explained in wiki...

understandable, given it's quite complex. Long-story-short CBA foreclosed on performing loan Bankwest customers in order to improve its financial position (ie fixed the books)...

If you are interested please sign this petition to the Senate President urging prosecution of CBA exec for lying to the Senate. Lawyers have presented evidence to the Senate that CBA & Bankwest executives lied to the Senate Inquiry about the existence and motive of clawback on constructive...

whats the chances that CBA will try and sweep this scandal under the carpet as well http://www.smh.com.au/business/comment-and-analysis/poor-culture-on-display-as-customers-lose-out-again-20160505-gon9r7.html Ruddocks speech last week https://youtu.be/YZMSwNAlSFM?t=653 will Narev say he's...

Interesting ABC News report by Alan Kohler last night. CBA shares have diverged from the other banks to the tune of $4bn due to the CommInsure scandal https://www.youtube.com/watch?v=xNdmJBTaD4w

Comedic Gold :)

Todays SMH http://www.smh.com.au/business/comment-and-analysis/cba-threw-its-customers-under-the-bus-20151116-gl0411.html