SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Proud Deplorable12/1/2005 7:18:26 PM
  Read Replies (1) of 78417
 
Perth Mint vs other ways to horde silver.

It is important to note that The Perth Mint is wholly owned by the Government of Western Australia (which enjoys the highest credit rating possible by Standard and Poors) and operates under an explicit AAA rated Government Guarantee. This means that it is not possible for the Mint to become insolvent because the affected parties would invoke the Government Guarantee and request the Government make good the debts of the Mint. The Perth Mint is therefore bankruptcy remote.

Your exposure is actually to the Government's solvency. Perth Mint Depository clients thus ultimately accept a sovereign risk exposure to the State of Western Australia.

The Government Guarantee section of this website provides further information on the relationship between the Mint and the Government and the strength of the Government's balance sheet. Most investors view the possibility of a Government becoming insolvent as extremely unlikely.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News