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Rumors have flowed online that The Perth Mint has a lack of physical silver as well as gold and that their swimming pool items, either designated or unallocated, do not have sufficient physical bullions backing them up.
" You can go to The Perth Mint's website and also there' a bulletin there that definitely denies those accusations," Kevin Rich, consultant to the Perth Mint, told David Lin, support for Kitco Information. "Those unallocated physical items are totally backed by physical item."
0:00 – Gold ETF streams
0:52 – Retail physical need
2:19 – Premiums
5:05 – Perth Mint stock
7:25 – Expectation for retail need
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Perth Mint responds to gold, silver shortage allegations (Pt. 2/2)
Rumors have circulated on the internet that The Perth Mint has a shortage of physical silver and gold and that their pool products, either allocated or unallocated, do not have enough physical bullions backing them up.
“You can go to The Perth Mint’s website and there’ a bulletin there that absolutely denies those allegations,” Kevin Rich, consultant to the Perth Mint, told David Lin, anchor for Kitco News. “Those unallocated physical products are fully backed by physical product.”
0:00 - Gold ETF flows
0:52 - Retail physical demand
2:19 - Premiums
5:05 - Perth Mint inventory
7:25 - Outlook for retail demand
__________________________________________________________________
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