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10 sats \ 3 replies \ @Undisciplined 10 Oct \ on: Lunchtime queues and $6000 bars: Australia’s new gold rush econ
I don't know if Australians tend to be into gold, but the Perth Mint is pretty famous.
@User21000000, are you all a bunch of gold bugs down there?
Most Australians are living week to week and would have next to no investment I would think
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The Perth Mint has a 1 ton gold coin currently worth over $100 million.
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I suspect that like here in New Zealand the government regulated Aussie gold markets charge a large margin and so buying and selling gold is strongly obstructed.
I may be wrong though as there is a strong community of gold miners from small to large in Aus so maybe it is possible to trade gold close to the spot price there?
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