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04/03/24
15:09
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Originally posted by bikemad:
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So Perth mint has sold pmgold etf to Goldman Sacks is one thing. The other issue is Perth Mint's loaning out such amounts of gold that if there was a run on investors wanting to redeem their gold, Perth mint would be unable to accommodate those requests. Also the monies ie interest made from the loaning out of customer's gold (which amounts to $millions), has been paid to the WA government by way of dividend which is what banks do with their customer's cash on deposit. However banks usually pay interest on customer deposits. I think it is reasonable that anyone with allocated or unallocated gold with Perth mint should be paid interest if their gold is loaned out for profit which could be put against money charged to the customer by the mint for holding that gold.
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I find using this method is much easier to accumulate until I get a big enough stash to fabricate and take away with me. Not much time left though in my opinion. Once the US start dropping their interest rates in the election run up gold will take off. Or they eventually provoke someone into WW3.