My concept would be, the miners would process their gold through reputable mints, such as Perth Mint??, into 100oz, or 400oz bars, depending upon their likely destinations.
We could even set up an Australia-wide mint, designed to take Australia's entire gold production. Auctions would then be held to buy the physical, and not as a spot paper price, conjured into existence, as deceptions.
We aren't talking rocket science here, and miners get the auction prices, less a processing fee!
Ann: Operational Update, page-63
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Last
$14.35 |
Change
0.390(2.79%) |
Mkt cap ! $16.42B | |||
| Open | High | Low | Value | Volume |
| $14.28 | $14.44 | $14.13 | $117.6M | 8.203M |
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| No. | Vol. | Price($) |
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| 3 | 27884 | $14.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $14.36 | 273 | 1 |
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| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$14.35 |
Change
0.390 ( 3.28 %) |
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| Open | High | Low | Volume | ||
| $14.15 | $14.44 | $14.15 | 800480 | ||
| Last updated 16.10pm 31/05/2024 ? | |||||
| NST (ASX) Chart |