all 100 ounce bars will be gone within days, page-9

kina, did you read the section on ALLOCATED & UN-ALLOCATED STORAGE very carefully?

http://www.perthmint.com.au/investment_invest_in_gold_storage_options.aspx

"The Mint realised that if it took deposits directly from investors, it could cut out the intermediary and create a win-win situation: the Mint wins by obtaining free funding for its inventory and investors win by getting free 100% backed storage."

After all, if it were risk free, they wouldn't need a govt. guarantee:

"Should the Government Guarantee need to be activated, The Perth Mint will immediately purchase on the open market the required amount of precious metal needed to meet its obligations and then request funds from the Government to pay for the purchase (in other word, request the "cash equivalent" of the precious metal due). In this way cash is converted into physical metal so that The Perth Mint can meet its legal delivery obligations under the PMCP or PMDS agreements."

Possibly at the present time, and certainly last November, the Perth Mint COULD NOT immediately purchase on the open market .... because the open market may not/did not have the silver. Last November at least one major bullion dealer was calling clients known to have large quantities and asking (pleading) them to sell - at spot.

The chances are that, if you ever feel the need to draw down your unallocated physical, you'll be one of many, the Perth Mint may default on their obligations and you will have to wait months for your physical.