As I recall, the holding company for perth mint, called gold...

As I recall, the holding company for perth mint, called gold corporation, has private ownership, which when I looked at this issue in past, reminded me of structure of federal reserve. If you look at perth mint recent annual report, it has a profit of around $60mm in 2023. Balance this profit vs. The estimated $9bn of adulterated gold perth mint delivered to Shanghai and lied about as well as underwater shorts in gold and silver physical as represented by fractionally reserved unallocated accounts and perth mint in insolvent many times over. I'm sure the WA government has tax revenue to make up perth mints losses. Plus government never defaults which is why I got confederate bonds with unclipped coupons hanging on the wall.