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Perth Mint Crisis Update


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Seeing as you've asked I will do my best to answer, but somewhat reluctantly. I think they are beautifully made and intricate and I respect eveybody's choice to do as they believe and see fit,  h

Thank you for sharing. Do you know if it due to the restrictions around non essential businesses running during the pandemic (i.e. the mining capacity of the mint is currently limited or on pause?) an

There's more than enough digital currency floating around to buy every cheap ounce of silver not bolted down and some. Elon needs it to build cars/space ships and nvidia needs it to make more graphics

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It's still available here locally, it's only 50,000 mintage, that's quite low that's why I grabbed what I did in the last two years, has a unique security symbol too on obverse.

1oz Silver Coin 2021 Wedge Tailed Eagle - Perth Mint

1OZ SILVER COIN 2021 WEDGE TAILED EAGLE - PERTH MINT "The Australian Wedge-Tailed Eagle 2021 1oz Silver Bullion Coin is struck by The Perth Mint from 99.99% pure silver and issued as legal tender under the Australian Currency Act 1965. This coin has a mintage of 50,000.

 
Sculpted for The Perth Mint by renowned US engraver, John M. Mercanti, the coin‚Äôs reverse depicts a swooping wedge-tailed eagle with a snake in its talons. The design also includes the inscription ‚ÄėAUSTRALIAN WEDGE-TAILED EAGLE‚Äô, the 2021 year-date, the coin‚Äôs weight and fineness, and The Perth Mint‚Äôs ‚ÄėP‚Äô mintmark.
 
The coin’s obverse depicts the Jody Clarke effigy of Her Majesty Queen Elizabeth II and the monetary denomination.
 
Each coin‚Äôs reverse includes a security feature in the form of a micro-laser engraved letter within the coin‚Äôs ‚ÄėAUSTRALIAN WEDGE-TAILED EAGLE‚Äô inscription. It is only detectable under a magnifying glass.
 
Perth Mint coins come encased in a hard clear plastic case to help keep coins in pristine condition. Ainslie Bullion recommends leaving these cases un-tampered for the best preservation of value.
 
Named for its long, distinctively shaped tail, the wedge-tailed eagle is Australia’s largest bird of prey and one of the biggest eagles in the world. Found throughout mainland Australia, Tasmania and southern Papua New Guinea, the bird has an impressive wingspan of up to 2.7 metres.
 

 

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2 hours ago, ScentSationCandles said:

I can't help but come to the conclusion that we've been lied to for a very long time, not just 2001, but 1913. Not just 1913, but perhaps for thousands of years.

Socialism/communism/New World Order etc. It's all the same thing at the end of the day.

The 'own nothing and be happy philosophy' has been going around for centuries, but as levels of education have improved and control through religious oppression has declined, the groups that hold power have to dress things up differently and do a little sleight of hand. I.e. you can invest in property, but you pay taxes for it and they can take it from you at any time - compulsory purchases for engineering projects etc. So do you really own it?

Thinking about feudalism. In those days, peasants were born, farmed land for their local lord, required permission to do many things (marriage etc.) and generally owned nothing. Even landowners (barons etc.) Who thought they had power and owned land etc. didn't really, every piece of property they owned they held as vassals of the king.

The king owned everything and anything he didn't own, the church did. All in all, the monarchy controlled your body and freedoms, the church controlled your mind and soul. Poverty, suffering now, but rewards will come, it will get better... in the next life.

New World Order (communism) is feudalism with less layers. The heirarchy has been stripped, the monarch has been replaced by 'the Party' and Environmentalism/Social Justice Warriors/Gender politics etc. the new religion (with similar ostracism and criticism - excommunication - if you challenge or question it).

So yes, nothing changes under the sun. Dog eat dog, it's just nature, the strongest, alpha male rules the pack through whatever means they can.

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29 minutes ago, SidS said:

Socialism/communism/New World Order etc. It's all the same thing at the end of the day.

The 'own nothing and be happy philosophy' has been going around for centuries, but as levels of education have improved and control through religious oppression has declined, the groups that hold power have to dress things up differently and do a little sleight of hand. I.e. you can invest in property, but you pay taxes for it and they can take it from you at any time - compulsory purchases for engineering projects etc. So do you really own it?

Thinking about feudalism. In those days, peasants were born, farmed land for their local lord, required permission to do many things (marriage etc.) and generally owned nothing. Even landowners (barons etc.) Who thought they had power and owned land etc. didn't really, every piece of property they owned they held as vassals of the king.

The king owned everything and anything he didn't own, the church did. All in all, the monarchy controlled your body and freedoms, the church controlled your mind and soul. Poverty, suffering now, but rewards will come, it will get better... in the next life.

New World Order (communism) is feudalism with less layers. The heirarchy has been stripped, the monarch has been replaced by 'the Party' and Environmentalism/Social Justice Warriors/Gender politics etc. the new religion (with similar ostracism and criticism - excommunication - if you challenge or question it).

So yes, nothing changes under the sun. Dog eat dog, it's just nature, the strongest, alpha male rules the pack through whatever means they can.

Very well put. Indeed the white coat priests of medical science coup is leading the world to the new godless religion.

While on the topic of religion and this has no relation to your comment I'm just throwing it in, I don't go for it (religion) yes it's been used and coerced since the 1st century for control due to it's popularity and the waning popularity of the Roman empire so they usurped it as a vehicle for control, and boy did some evil things happen in it's hands. So I have no real faith in man essentially but I do believe in God, therefore I make the distinction between man pretending to be the government for god (religion) and faith in the true God Almighty which the world it would seem is at war with and has been a long time due to lack of knowledge and understanding or pride, via every perversion of common sense and humility in the true order of life, it wants to be god and control everything and yes for well over 2000 years. The evil of man can't be blamed on God, whether people chose to believe or not. This I believe is a common misconception made without much thought today. 

BTW Government means to control (govern) mind (ment), it's not about serving you but constricting and draining you in wealth and potential, for if you awoke to your true potential, there would be no need for their profession.

The word babble came from the fact in Babylon you needed a lawyer or intermediary between the common man and the ruling class, they spoke different languages and the lawyer would decipher the babble, and that's where lawyers came from and why they speak legalese or babble, which has different legal definitions to the layman's dictionary definitions, you were not in the club.

In other words we got set up by their control structure which is designed to never be justly liberated or to empower the average man, just endless revolutions in degradation of values and morality, nothing ever gets fixed at the core by government they just make a greater lie to replace the last and up the ante and print more money, increasing your debt slavery bill and therefore giving evil more power and control, and it never rests or repents just seeks more destruction.

The exception to the rule is the catalysts they use to bring their social revolutions get a pass till they are no longer useful, useful idiots as they are called. LOL As opposed to the useless eaters like us who think for themselves, and are becoming harder to fool and coerce...

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5 hours ago, ScentSationCandles said:

I started waking up to this stuff in 2006. Before then I was fully invested in the lie, so I understand all of the people that want to avoid the truth at all costs. I was one of them. Because it's all so much simpler to believe what you're spoon-fed instead of doing real research which requires exploring all arguments and then picking them apart and reconstructing them one by one. I can't help but come to the conclusion that we've been lied to for a very long time, not just 2001, but 1913. Not just 1913, but perhaps for thousands of years.

I avoid the truth at all cost. I also avoid the lies at all cost.

From the very moment you are born you are lied to. Father Christmas, Easter bunny, tooth fairy. Even worse we are guilted into it to lie to our own children. Ahhh look at that cute pig, fluffy lamb and good old daisy the cow. As soon as the kids are not looking we're butchering them up and feeding it to them (yum yum). The fact it is installed bin us in the very beginning to be liers, it's human nature.

I read a fiction book years back, it's called state of fear. It was nothing special but something resonated within me and I started taking notice of how people behaved with the information they receive. When the powers at be realized an average man would go over the trenches to certain death because of the fear that the enemy would win they knew they were on to something. I think the whole thing has steam rolled from that point.

The problem being is that it is all information. Whether it's mainstream media, soaps or your average Joe with a YouTube account, it is all a opinion that is aim to change the way you think. For many years now I don't listen or trust any of it, as a result I have a much quieter life. 

Out of interest, how would you all change the world for the better? 

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1 hour ago, SidS said:

Just to add, when I state religion, I should have stated 'organised religion', where an authority claims to know the will of deities/God and then use it for political justification/influence/control.

yep I gathered that's what you meant, and likewise. Thanks for making the point though.

As for the markets and to bring this back to topic, to give an idea of how they don't correlate to reality when in regards to silver. Based on a inflation adjusted equivalent to it's all time high in USD silver's. That ATH to quote David Morgan is $400 when you factor inflation. I think I'm starting to see whats going on, but it's no guarantee the world will ever reflect true reality.

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31 minutes ago, Bigmarc said:

I avoid the truth at all cost. I also avoid the lies at all cost.

From the very moment you are born you are lied to. Father Christmas, Easter bunny, tooth fairy. Even worse we are guilted into it to lie to our own children. Ahhh look at that cute pig, fluffy lamb and good old daisy the cow. As soon as the kids are not looking we're butchering them up and feeding it to them (yum yum). The fact it is installed bin us in the very beginning to be liers, it's human nature.

I read a fiction book years back, it's called state of fear. It was nothing special but something resonated within me and I started taking notice of how people behaved with the information they receive. When the powers at be realized an average man would go over the trenches to certain death because of the fear that the enemy would win they knew they were on to something. I think the whole thing has steam rolled from that point.

The problem being is that it is all information. Whether it's mainstream media, soaps or your average Joe with a YouTube account, it is all a opinion that is aim to change the way you think. For many years now I don't listen or trust any of it, as a result I have a much quieter life. 

Out of interest, how would you all change the world for the better? 

Haha, have you read 1984, it isn't fiction anymore but probably still in that library category, if they didn't vaporize it.

How can you change the world for the better? Each will have their gifts and the question is our alone to ask oneself, so you tell me.

Some have made great inventions that improved the quality of life. Some have made personal sacrifices to the benefit of their fellow man, such as soldiers etc.

But the problem is there is no real just war left worth fighting if there ever has been that I can think of, other than stopping the evils of totalitarian communism, which has been bought on by endless propaganda by media, the deliberate confusion of the information age, materialism, consumerism, and technocratic socialism age. It's demonic and it's cancelling traditions and culture at such an astonishing rate, with nothing of value to replace it with but bogus demonic science.

 in a nutshell the best I can come up with is start with yourself, don't think like they want you to. Be an individual, find the truth and don't be afraid to tell it instead of going for popularity or the acceptance of peers etc, and vote with your $. Most of all Trust, Pray and Obey the simple Commandments and Statutes of God, as best as you can. But that's where the arguments and disagreements start and I'm not looking for that. But seeing as you asked that's my opinion. The rest is choice and freewill. It's one crazy world

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It's not all just only opinion, there has to be an absolute truth or the universe wouldn't function. Truth is, nothing can change it.

It is found by deconstructing both sides of any argument with an open mind in search for the absolute truth with fair and consistent reason, and occams razor which is what's the most logical likely explanation after doing that, must be the closest answer. However most people, generally speaking, appease their bias and will not hear the other side. 

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1 hour ago, OldCoin said:

yep I gathered that's what you meant, and likewise. Thanks for making the point though.

As for the markets and to bring this back to topic, to give an idea of how they don't correlate to reality when in regards to silver. Based on a inflation adjusted equivalent to it's all time high in USD silver's. That ATH to quote David Morgan is $400 when you factor inflation. I think I'm starting to see whats going on, but it's no guarantee the world will ever reflect true reality.

Yet the market price of silver has consistently and persistently stayed around the levels it has for years.  That is reality.  

Consider a basic TV would have cost around £250 in 1980, today a superior basic model would be £150.  Adjusted for inflation it should be £800-£1000.  Are prices of TV not reflecting reality or are they fair market price?  Not everything goes up in line with inflation.  

So apply Occam's razor, has the entire silver market been suppressed, year after year, in an open market with thousands of participants looking for advantage, or is it fair market value? 

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Back on topic, very interesting interview with John Adam and Craig Hemke on the Australian Silver Situation inc Perth Mint exodus of unallocated accounts. He reports there's been a stampede over to allocated in past two weeks.
 

 

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22 hours ago, Martlet said:

Yet the market price of silver has consistently and persistently stayed around the levels it has for years.  That is reality.  

Consider a basic TV would have cost around £250 in 1980, today a superior basic model would be £150.  Adjusted for inflation it should be £800-£1000.  Are prices of TV not reflecting reality or are they fair market price?  Not everything goes up in line with inflation.  

So apply Occam's razor, has the entire silver market been suppressed, year after year, in an open market with thousands of participants looking for advantage, or is it fair market value? 

I suppose it depends what industry you are looking in. I think you need to compare it to similar products. Good example are TVs, if you compare them to cameras, mobile phones, games consoles, and anything the Chinese are now making the price has vastly dropped. 

If you take for instance a first class stamp, you can't really compare it to anything else. 12p in 1980 and 85p today a rise of 608%.

I looked at metals dating back to the 1960s.

Copper 1379% rise, zinc 2650% rise, tin 1513% rise, gold 528% rise, platinum 450% rise and silver 119% rise. 

If you take the price of inflation at about 608% then you can kind of see people's opinions on silver. 

My personal opinion is that silver is on a very strange line between being deemed as a industrial metal and a form of holding value. It doesn't know where it is. Only Time will tell and fingers crossed it leaves gold and platinum and head up with the others.

 

 

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On 08/04/2021 at 17:59, Martlet said:

Yet the market price of silver has consistently and persistently stayed around the levels it has for years.  That is reality.  

Consider a basic TV would have cost around £250 in 1980, today a superior basic model would be £150.  Adjusted for inflation it should be £800-£1000.  Are prices of TV not reflecting reality or are they fair market price?  Not everything goes up in line with inflation.  

So apply Occam's razor, has the entire silver market been suppressed, year after year, in an open market with thousands of participants looking for advantage, or is it fair market value? 

Yes it has been heavily manipulated, to agree.

Is it fair market value, that depends who's perspective you see it from. No way if you ask me.

Would the TV be the same build quality today, probably not, and the labor would have been sourced in a 3rd world less or unregulated environment, making manufacture cheaper with sub quality to 20 or 30 years ago. So the TV is not the best analogy. Even with higher mining costs and more demand the metal has not reflected it's relative value, based on rarity and above ground total supply vs Gold or any other commodity over the same period, the only conclusion is massive manipulation for purposes that do not benefit small holders.

The $400 price is just an indicator of how inflation has not accounted in the current price, it's ridiculous when you take every other factor into account. The spot price is mind boggling but the retail price is closer to reality but even that is not right in my opinion. 

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On 08/04/2021 at 02:09, OldCoin said:

It is found by deconstructing both sides of any argument with an open mind in search for the absolute truth with fair and consistent reason, and occams razor which is what's the most logical likely explanation after doing that, must be the closest answer. However most people, generally speaking, appease their bias and will not hear the other side. 

Occam's Razor definitely works for simple things and personal situations, but it would seem to me that the bigger the sandbox, the greater the possibilities and the more challenges to explain or discover solutions. Just like Newtonian physics applies to everything that is familiar but does not often apply to the subatomic. The greater the variables, the less useful it is. Even reason has it limits.

On 08/04/2021 at 01:27, Bigmarc said:

Out of interest, how would you all change the world for the better? 

Besides being the change I want to see in the world? I have a few ideas that I am working toward, but for now I am keeping them to myself.

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Did anyone hear about Perth Mint offering LBMA accredited Chinese Minted bars, to their un-allocated customers. I commend the mint sourcing silver to meet it's contractual agreements and to quell the public backlash, however if I were the CEO I would not offer Chinese bars that would be bound to ruffle a few feathers, it's comical how they are flipping and flopping and it just keeps getting stranger.

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4 hours ago, OldCoin said:

 

5 hours ago, ScentSationCandles said:

Out of interest, how would you all change the world for the better?

it may be that Maybe the world sometimes looks to be improved but mostly is due to the point of view of the observer than the problem itself?
maybe it‚Äôs the approach and perspective to impact the¬†most on the outcome...as a sort self ‚Äúfulfilled prophecy‚ÄĚ.
just a humble thought :) thinking out loud 

 

May I ask to you gentlemen if somebody know/have some insights on how much silver is really/practically available over ground and underground? (Compared to other PM as well) I keep listening many contradicting information about that: some make it sounds like silver is way more rare than gold, some quite the opposite...

Edited by Hyperion
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Very good point ūüĎć,

I don't believe people generally want to think the worst, but such a strange world leaves no other option sometimes. From there, if were being honest about our situation whatever that may be personal or collective, as a starting point to improve from, then only can things change. But yes perspective can help us deal with the situation also. Then bouncing ideas with others who are doing the same. 
 

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2 minutes ago, OldCoin said:

Very good point ūüĎć,

I don't believe people generally want to think the worst, but such a strange world leaves no other option sometimes. From there, if were being honest about our situation whatever that may be personal or collective, as a starting point to improve from, then only can things change. But yes perspective can help us deal with the situation also. Then bouncing ideas with others who are doing the same. 
 

Thank you ūüôā
I think it’s absolutely possible; personally I do not think it’s even conscious for many people: I may guess it’s due to a more instinctive approach, generated by doubts...as they often quote in Star Wars (the road to the dark side lol ).
To share ideas is definitely one of the best way to spread your spectrum and widen up your ‚Äúvisual‚ÄĚ, but that‚Äôs definitely something everybody know....It‚Äôs just common sense, even if often forgotten (by myself first of all lol )¬†

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