The Perth Mint (Bron): http://www.perthmintbullion.com/blog/blog/12-03-26/Fake_Bars_-_The_Facts.aspx
Nothing I have learnt about precious metals over the last 15 years supports the main premise of this essay, that the gold industry has a high return rate of gold bullion.
Apart from the obvious suspects (Skol included), how many of those who have bought gold bullion over the past 10 years, taken delivery, and then actually sold it? In other words have economic conditions at any time over the last decade, improved to the extent to convince one that fiat currency was now entering an age of appreciation in relation to gold?
High turnover' most probably refers to Perth Mint managed gold accounts rather than those who take delivery.
Im sorry, but this sounds much more like damage-control mode than educational. No facts or stats.
