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To: AndyJackson
Tell me how this works. The Mint gives them paper $ and Goldmark sends them Gold?

The gold used has to be mined from American sources. I suppose that the Mint pays them in USD and Goldmark has a source for US-mined gold and ships them the blanks. Remember that the Perth Mint (Australia's national mint) makes a lot of gold coins as well.

5 posted on 11/25/2009 6:38:57 PM PST by ikka (Brother, you asked for it!)
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To: ikka

My comment was sarcasm. I was not seriously asking how this works, but rather pointing out the silliness of an Australian company trading a hard asset for some more worthless American paper.


7 posted on 11/25/2009 6:43:15 PM PST by AndyJackson
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