the silver deficit, ted butler, page-5

re: the silver deficit, nickoo G'day Nickoo
That is a question I pondered and asked several questions of perthmint. I also read and re read the Perth Mint agreement. Here is a the section re Unallocated bullion. Please comment.
cheers
Rod

Unallocated (unsegregated) Bullion – You have title to precious metal deposited in a metal account, delivery of which is guaranteed by the payment of a cash equivalent by the State Government of Western Australia under Section 22 of the Gold Corporation Act 1987. (See Clause 2.3 in the PMDS Agreement.) You pay only the precious metal value at the time of your purchase. You pay NO storage fees on this option.