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Profile and commentaries of Bron Suchecki
Bron Suchecki
Member since February 2010
Followed by 0 memberFollows 0 member
12 commentaries, with 2 Replies
5 replies to his comments (42%)
Average Note : 64 / 100 for 6 rated commentaries  9  5 
Last commentary posted on Friday, January 17, 2014
 
 Profile Commentaries Followed By Following 
 Bron Suchecki - Perth Mint
Use narratives, not just charts, to tell if gold's bottom may be near  (10)
Hi David,

I suggest you have a look at the comments to my other articles here, where people say that I am part of the Cartel pushing the price lower. You say I'm a pro Gold pumpers, others say I'm part of a conspiracy to push the price lower. One must be wrong.
1/17/2014 at 1:15 AM  1  2  Rating :  -1 Permalink
 Bron Suchecki - Perth Mint
Coin shortages and rationing are in our future  (12)
I've not seen a shortage of raw gold since I've been in this business, but that is not say it will not happen in the future. Technically, price will solve any shortage.

The domestic cash for gold stuff is small, we have always refined tonnes of scrap gold from the Asian region.
1/13/2014 at 7:28 AMPermalink
 Bron Suchecki - Perth Mint
Shortodile Golddee: That's not backwardation  (8)
The post was in response to the talk that gold has gone into backwardation and that this was significant. In this post of mine http://goldchat.blogspot.com.au/2010/07/degrees-of-distrust.html I said that occasional backwardation in the shorter months is just the start, or first sign, of a breakdown in the system. Calling what we see now in gold as backwardation proper overstates the phase we are in.
7/26/2013 at 7:31 AM1 AnswerPermalink
 Bron Suchecki - Perth Mint
Delusions so obvious  (7)
"propagates the delusion that GLD, SLV, COMEX futures contracts and the Perth Mint Certificate Program are sound
investment vehicles run by honest trustworthy bankers"

Suggest you read my blog. I have said the ETFs are to be avoided http://goldchat.blogspot.com.au/2008/12/warning-on-existing-au-and-new-ag-pt-pd.html and see this for comments on manipulation http://goldchat.blogspot.com.au/2013/05/qu...
5/29/2013 at 4:03 AM  1  0  Rating :  1 Permalink
 Bron Suchecki - Perth Mint
Time to give up on the CFTC  (9)
The Perth Mint refines 300 to 400 tonnes of gold a year, we make coins and bars and you think we can do that without a substantial amount of physical gold in work in progress inventory? That inventory backs the Certificate Program. See here for a rebuttal of the idea that we would just keep investor's cash rather than buy gold http://goldchat.blogspot.com.au/2008/12/mint-has-no-gold-again.html
5/26/2013 at 8:49 AM  2  2  Rating :  0 Permalink
 Bron Suchecki - Perth Mint
COMEX stock drawdown: single most important metric to watch  (15)
We do disclose how much unallocated we hold, it is in our annual report and has been there for many years. Below are the figures in AUD billions as well as client numbers.

2005 $0.5b 3000
2006 $0.9b 3400
2007 $1b 4970
2008 $1.5b 6500
2009 $1.9b 14500
2010 $2.5b 16700
2011 $3.3b 20000
2012 $3.5b 23000

Those numbers are a mix of gold and silver, which yes we do not bre...
4/29/2013 at 2:24 AM  1  1  Rating :  0 Permalink
 Bix Weir
The Case for $136,604/oz physical silver  (10)
I don't know where Bix gets this idea that Jon Nadler is some gold account mastermind. Gold accounts, fractional and non-fractional, have been around for many years and the Perth Mint offered fully backed accounts since the 1980s, with the Perth Mint Certificate Program just being an international version of this domestic program, and one that Asset Strategies International worked with us to develop - not Jon Na...
1/15/2013 at 4:52 AM  2  0  Rating :  2 Permalink
 Charleston Voice
Stash of £156BILLION in gold bars"Found" Stored Underground in London Still Not Explained  (8)
The Daily Mail reporter is an idiot. All of that gold is owned by others, the BOE is known to hold metal for other central banks and banks.
5/22/2012 at 8:37 AM  2  0  Rating :  2 Permalink
 Bron Suchecki - Perth Mint
Fake Bars - The Facts  (2)
No problem. One should always be vigilant, but the 10 year old Heraeus case was 500g (16oz) and this recent one 1kg (32oz), which is a fair bit of money for the average person. Crooks are likely to want the best bang for their buck, so small bars and coins (which are harder to fake the finish) are at much lower risk of being the target of fakes.
3/27/2012 at 5:15 AMPermalink
 Perth Mint Blog - Perth Mint
Response To Bix Weir Questions
Sam,

"Obviously the Perth Mint knows exactly how many 1oz, 2oz, & 10oz coins are in unallocated storage. The Perth Mint also knows how many 1kg bars, 100oz bars etc are in unallocated storage."

When you say that above information is more than enough to determine the maximum timeframe then it tells me there is some confusion about how the Perth Mint's unallocated is operated. Some clarification:...
1/23/2011 at 6:53 AMPermalink
 Perth Mint Blog - Perth Mint
Response To Bix Weir Questions
SMT,

Similar question was raised on our corporate blog and our response can be found at http://www.perthmintbullion.com/Blog/Blog/11-01-14/Response_To_Bix_Weir_Questions.aspx

Bron
1/18/2011 at 6:01 AM1 AnswerPermalink
 Perth Mint Blog - Perth Mint
Response To Bix Weir Questions
SMT,

Your point about how long it would take is a good one and it would help investors evaluate whether Unallocated was appropriate for them. It would be difficult to get an accurate fix on the timeframe because it depends on the mix of products that people want - bars for example are quicker to make than coins as less processes are involved. We could try and make some assumptions around the product mix...
1/16/2011 at 10:36 AMPermalink

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