ST Alpha - "I think Perth, but don’t hold me to that. A lot of African producers switched to Perth in the pandemic because they did special bullion flights. -- nm" (Reading a Post)

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In response to "Loco Zurich or loco London? -- nm" by znufrii

I think Perth, but don’t hold me to that. A lot of African producers switched to Perth in the pandemic because they did special bullion flights. -- nm

Posted by mafic Nov 26 '24, 05:39

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Also: this could be a good addition to my “rob a remote gold mine” screenplay idea. -- nm - mafic Nov 26, 05:44 2
- sequel to Money Plane = Gold Plane! Starring Kelsey Grammer -- nm - Beaker 🍺 Nov 26, 05:51 1
  - plot: the plane is too heavy, can't take off, crashes into ocean. marky mark swims up and uses a whale to drag gold to private island. -- nm - amanda Nov 26, 07:50
Interesting. The only reason I have any knowledge of it is because I was working on the prospectus for a fund we have that holds physical gold. -- (edited) - znufrii Nov 26, 05:44 7
- My company used to do Zurich and switched to mostly Perth because of it, but generally unless you’re hedged you go wherever has the best spot price. - mafic Nov 26, 05:50 6
  - Also, because I'm very curious, what changed in 2012 that would make someone interested in investing only in post-2012 bars? -- nm* - znufrii Nov 26, 05:55 5
    - Conspiracy stuff as far as I’m aware. There were some rumours about tungsten-filled gold bars in 2012 that caused some lasting suspicion - mafic Nov 26, 06:15 4
      - I'm sure someone just looked at a list of densities and thought up a dumb plan, as if that's the only check that's done. -- (edited) - Reagen Nov 26, 07:46
      - Huh. - znufrii Nov 26, 06:21 2
        
        From a strict refining point of view nothing has really changed. They might be talking equator principles or some other regulatory framework. - mafic Nov 26, 07:05 1
        
        Appreciate the insight, thanks! -- nm - znufrii Nov 26, 07:30

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