GOLD 0.51% $1,391.7 gold futures

ive no idea what this is about ...., page-4

  1. 24,765 Posts.
    Maybe a message about buying and holding "unallocated gold" in the Perth Mint?

    "At purchase clients only pay for the precious metal. There are no fabrication or storage fees..."

    We are also told that the "client agreements are structured so that a client permits The Perth Mint to use the client's unallocated metal "for its own account as if it were the owner." As this useage provides a small commercial benefit to the Mint, it is able to offer a fee-free storage and provide simpler transaction procedures..."

    Now how easy is it to collect your gold?

    "...unallocated clients will usually be able to convert their metal within a few days of giving notice. However, it is important to note that if you request a physical product that is not in stock, or a very large quantity, the Mint may need to manufactiure it.."

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

    Comment:
    I don't think any comment is really needed. Just for starters, if you want to buy and own physical gold do you want to let someone else use it "as if it were the owner."
 
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