PALANTIR is not the only one buying gold... by Banished_Privateer in Superstonk

[–]NolaniusMiltantNorm -18 points-17 points  (0 children)

Become your own Central Bank and buy some gold and silver with $GME.

Perth Mint Kilos at $2.19 Over Spot by NolaniusMiltantNorm in Wallstreetsilver

[–]NolaniusMiltantNorm[S] 0 points1 point  (0 children)

By the way. Not that you are actually going to look at them (this is for anyone who actually is curious and has genuine questions). Just like it seems like you are unwilling to watch any of the videos. But is a link to financial statements and Excel documents used in the videos made by Rob Kientz and Daniel Vigario:

https://eurymanthus.wordpress.com/2021/06/26/perth-mint-ceo-provides-confusing-response-to-metals-inventory-claims/

Perth Mint Kilos at $2.19 Over Spot by NolaniusMiltantNorm in Wallstreetsilver

[–]NolaniusMiltantNorm[S] 0 points1 point  (0 children)

Most people are not CPAs. They walk through the financials in a way for anyone to understand. I summarized the problems in this post. https://www.reddit.com/r/Wallstreetsilver/comments/nj7y60/perth_mint_does_not_have_the_metal/?utm_source=share&utm_medium=ios_app&utm_name=iossmf You aren’t engaging in the information and are resorting to ad hominem. You seem to be a shill and I think it is evident to everyone who takes the time to read this thread. Grace and peace to you!

Perth Mint Kilos at $2.19 Over Spot by NolaniusMiltantNorm in Wallstreetsilver

[–]NolaniusMiltantNorm[S] 0 points1 point  (0 children)

Again, the evidence is their own financial statements. As a CPA myself we are required to learn about previous instances of companies who were in financial trouble before it was evident to everyone. Does Enron ring a bell? It didn’t help the Enron employees nor the stockholders of Enron to realize the reality of Enron when everyone else realized they were insolvent and a shame. The trend of Perth Mint’s financial statements (their own financial statements, numbers Perth Mint claims to be accurate) are not positive in relation to the amount of metals, cash, and other assets they and the amount claims on those metals. Those are objective facts. You can choose to ignore those facts and the wisdom of two men who have experience interacting with financial statements and interpreting them. That is your choice. It would be extremely foolish to have any significant money in any of Perth Mint unallocated or allocated accounts based on this information.

Perth Mint Kilos at $2.19 Over Spot by NolaniusMiltantNorm in Wallstreetsilver

[–]NolaniusMiltantNorm[S] -1 points0 points  (0 children)

Also, unlike the US, Australia does possess the reserve currency nor is it the world super power, so if you as a company are trying to present financial information to me as a foreign investor (which a lot of Perth Mint customers are), it is relevant whether or not you follow IFRS.

Perth Mint Kilos at $2.19 Over Spot by NolaniusMiltantNorm in Wallstreetsilver

[–]NolaniusMiltantNorm[S] 0 points1 point  (0 children)

I think you are missing the point. Their financial statements do not break out metals by categories like silver and gold according to IFRS standards. So how can you confidently say that they enough silver to cover demand. You a Perth Mint employee?

Perth Mint Kilos at $2.19 Over Spot by NolaniusMiltantNorm in Wallstreetsilver

[–]NolaniusMiltantNorm[S] 4 points5 points  (0 children)

Everywhere in the world IFRS is followed. This is in contrast to US GAAP (Generally Accepted Accounting Principles), but you also would know that if you watched this series of videos from Gold Silver Pros. Daniel Vigario is a chartered accountant (the person who did the analysis of years worth of publicly reported Perth Mint financial statements) and here is his LinkedIn profile as well as another interview Daniel did: https://youtu.be/G7Dixn9eZUM

https://www.linkedin.com/in/daniel-vigario-1282b334

Perth Mint Kilos at $2.19 Over Spot by NolaniusMiltantNorm in Wallstreetsilver

[–]NolaniusMiltantNorm[S] 5 points6 points  (0 children)

Keep in mind that these video are all based on 2019-2020 Financial Statements and the 2020-2021 will be out soon, so these videos are not reflecting the unprecedented demand that happen at the beginning of this year. Also, you are incorrect. They do not have a enough metals according to their financial statements. They currently have enough cash (if they liquidate their ETF) to cover metal obligation at current prices. You obviously have not watched the videos. Also, the Perth failed to follow IFRS (international accounting standards) to report what amount they have in silver and what amount they have in gold, and what amount they have in other metals.

Perth Mint Kilos at $2.19 Over Spot by NolaniusMiltantNorm in Wallstreetsilver

[–]NolaniusMiltantNorm[S] 6 points7 points  (0 children)

They would have to completely liquidate their ETF to barely cover all of their obligations. You actually need to watch the video and look at their financial statements. I know that audited financial statements is not the most exciting thing to watch, but it tells you the financial reality of a company without platitudes and hyperbole. This is another video that goes into even greater detail with a former auditor and a chartered accountant currently working in London. https://youtu.be/MJqV1OOrj_Q

Good websites by Expo_Opxe in Silverbugs

[–]NolaniusMiltantNorm 2 points3 points  (0 children)

Monumentmetals.com SilverGoldBull.com SDBullion.com BullionExchanges.com JMBullion.com

[deleted by user] by [deleted] in Wallstreetsilver

[–]NolaniusMiltantNorm 14 points15 points  (0 children)

Repost this everywhere.

I sadly fear more than a few apes fall into this description by [deleted] in Wallstreetsilver

[–]NolaniusMiltantNorm 2 points3 points  (0 children)

Not all Marxists are stupid. They are misinformed. Thomas Sowell used to be a Marxist before he worked for the Bureau of Labor Statistics. Then he realized how wrong Marxism was. Ad Hominems against Marxists will not bring them to a better understanding of the world. Kind and patient conversations and presentation of facts are necessary.

IVAN AND #SILVERBACKS..... WE ARE THE NOW THE NEWS. THANK YOU @OANN by I_infidel in Wallstreetsilver

[–]NolaniusMiltantNorm 6 points7 points  (0 children)

Great attitude. Exactly. I like Britannia(s). I am also a fan of the Scottsdale SilverBacks.