60% of Overseas Investment Coming from U.S.

[white&yellow999]

This is a video of a representitive of Perth Mint going into some details about gold.

Video touches breifly on the following:

- history of mining in Australia
- lack of confidence in the US Dollar
- return to Gold Standard
- overseas investors

 

[pmbug]

60% from the USA? That surprises me. I would have figured India and China to have comprised a larger share of the overseas buying pie than that.

 

[DSAbug]

I have a sneaking suspicion that the 60% is mostly from US based dealers.

 

[bushi]

...well guys, you are still the biggest economy in the world, and with access to freshly-printed (oops, freshly-quantatively-eased) money being globally recognized as a reserve currency, well, why not...

 

[DoChenRollingBearing]

Mmm... Gold bars... More gold porn!

 

[white&yellow999]

I have a sneaking suspicion that the 60% is mostly from US based dealers.

Good point, being a personal buyer directly from Perth Mint is a big hassel. So I find it very likely that you are probably correct.

I was going to make a purchase there but there is too much red tape.... you can only buy when the Australian spot market is open, they need two pieces of "acceptable" proof of ID that are notarized and you have to mail it to them, plus high premiums, it just wasn't worth it.

So you guys can see, here is the link to their application to register:

https://www.perthmintbullion.com/RegisterToTrade.aspx

I really like there products, especially the hand poured gold and silver bars, but those are very difficult to come across in the US so I haven't seen them at the LCS.

 

[kjansen1969]

USA is still a major player in global economy and thank god for this