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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