all 100 ounce bars will be gone within days, page-6

  1. 643 Posts.
    NOT only a problem with Silver, which apparently is in backwardation..also gold.

    I was pleased to find that the Perth Mint has the product PMGOLD which from the prospectus seems very much like their Certificate Program - unallocated gold.

    It carries the same guarantees and same statement that all gold 'traded' is held at the Perth Mint one to one. The Perth Mint don't lease lend or otherwise encumber their gold according to their website which is a major issue at the moment with other 'paper' gold providers. It is also pleasing to see they have a simple process for turning PMGOLD into physical gold or a cash settlement if I wish with little restriction. This is quite important and different to many other 'paper' gold products.

    I own Perth Mint Certificates for Gold and Silver and having discovered their PMGOLD product will use that for further gold purchases.

    The big issue at the moment is the long term supression of gold and silver by the banking cartel and in recent times the attempted take down of them both. JPM and HSBC are supposedly the culprits, and a whistle-blower has proved that the JPM are involved.

    The problem 'they' are having that even though they are suppressing and taking down the price of gold and silver on the COMEX, it is getting harder to obtain physical gold. Physical shortages are appearing, especially for silver.

    The question is that will the continued heavy and blatant suppression of precious metals end up causing a disconnect between the physical and paper markets. Where you wont be able to obtain physical at the paper price. At the moment the suppression of metals is allowing the physical to be drained at low prices, creating a further shortage.

    One would have to expect that at some stage the COMEX if they don't let the market be free, will blow up and the cost of physical sky rocket.

    The mantra clear across the globe now is that if you are into metals - hold physical.

    I take the perth mint certificates and PMGOLD to be the same as physical given the statements and guarantees given by their prospectuses and web site.


 
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