Bron Suchecki a manager with the Perth Mint, which is an Australian government owned mint that’s been minting gold since 1899 and started providing depository services in 1970. As we recently discovered, the Australian Government is as sound as a dollar used to be, with virtually no private debt. In Australia there’s a time honored respect for precious metals holdings. Perth Mint is audited both internally and with outside auditors continually throughout the year. They use gold prices as a means of valuing their assets and liabilities to insure their solvency. Of course, with any third party there’s always an issue of counter party risk, but of all the custodians out there, Perth seems to be among the safest and most transparent.
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