WA Miners Build Up Massive Gold Stockpiles At Perth Mint

[Erik Oostra]

Prospector Anton Billis who amassed a fortune after pegging ground on Kalgoorlie's richest goldfields has no plans to sell his large stockpiles of gold stored at the Perth Mint.. 

https://www.abc.net.au/news/2025-12-05/wa-gold-miners-building-up-massive-holdings-at-perth-mint/106078198

 

[Dutchman4]

Sure makes the individual recreational prospector that is happy with a few grams feel small.

[Bedrock Bob]

Even a couple ounces a year from a hobby prospect adds up over the years. The problem with the little guys is selling the gold safely and at a fair price. 

The big operations selling directly to the mint or a refiner have a great advantage. It makes sense to hold on to the gold once the bills are paid. The revenue stream is constant and guaranteed by contract. For a company with the resources to pour gold bars, gold is certainly the best investment.

I'm not sure that holds true on a small scale though. With limited resources holding on to gold hoping it will quadruple in value someday is sketchy. If it's just a hobby, then it really doesn't matter, I suppose. But for a fellow trying to make a profit digging gold, those nuggets are rarely an investment opportunity.

[Shojo510]

It’s nice to hear that someone is doing well out there and there’s still gold to be found. I hope to have only a fraction of their luck.

Good Hunting to all!