by Turd Ferguson
TF Metals Report
There has been a lot of smoke lately regarding the unallocated precious metals accounts at Perth Mint and elsewhere. John Adams joins us today to discuss his concerns with unallocated accounts and he gives a first hand account of the issues impacting customers of the Perth Mint.
John Adams is chief economist for As Good As Gold Australia and also the proprietor of Adams Economics. As John explains, he first came to understand the sleight of hand known as “unallocated accounts” back in 2016. In the years since, he has championed the cause of exiting these unbacked positions in favor of real, physical metal.