A client who converted 6,000 ounces from unallocated to allocated silver & paid the fabrication costs saw my tweet this morning about CHINESE SILVER BARS.

He immediately called the @perthmint to inquire what he was sold.
He was told that he was sold 6 x 1,000 silver bars from CHINA & that they were being prepared for freight!

He was told that is “ALL PERTH MINT HAS TO OFFER!”

The client was livid with RAGE as he assumed all along that he would be supplied with Perth Mint product.
After threatening them with legal action he was promised by @perthmint that by “swapping” some bars around, Perth Mint 1,000 ounce silver bars would be sent to him.

This client is now keeping an EAGLE EYE to see if this commitment will be met!


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More from @adamseconomics

24 Aug 20

Late yesterday afternoon, the Senate Economics Legislation Committee released its report on the Banking Amendment (Deposits) Bill 2020!

This proposed legislation would prevent the FORCED CONFISCATION of retail bank deposits!

However, the committee REJECTED..
the legislation calling it UNNECESSARY!

The Committee allowed the Treasury & APRA to make a series of partial misleading statements without the chance for CROSS EXAMINATION via a holding a public hearing or allowing supplementary submissions.

The bottom line is that:

- Australia has signed up to a global bail-in framework via the G20

- other governments such as USA, NZ & the EU have made clear that deposits can be BAILED-IN

- Australia’s law is at best unclear & the Govt refuses to make changes to CLARIFY THE LAW!
Read 5 tweets

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