Sovereign Risk is real. Australia and the US are better because their governments actively participate in revenues via royalties. The only change I can see coming is for the governments to insist on royalties being paid in the precious metals themselves. The Australian RBA has a paltry 82 tonnes of gold only (thanks to the sell off by Howard/Costello). Most other countries in the world are active buyers. Makes sense to me at some point that royalties get paid in Gold and Silver.
Silver seats going to be hard to find, page-76
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