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This blog discusses The Perth Mint's bullion coins and bars, providing information about our latest designs, mintages, sales volumes and sell outs. On a broader front, we share relevant research and opinions for anyone interested in gold and silver bullion investing.

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Perth Mint CEO shines light on Australian gold exports in live business broadcast

Topics [ financial crisis gold market ]

It was a case of lights, camera, action at The Perth Mint this morning as leading figures from Western Australia’s business community gathered to report on the State’s economic fortunes live on Channel 9.

Among the guests joining Today Perth News host Tracy Vo was Richard Hayes, CEO of The Perth Mint, who was invited to discuss the current strength of demand for Australian gold.

Mr Hayes said that The Perth Mint, which refines more than 90% of Australia’s annual gold mine output, was currently experiencing strong demand from China, the world’s leading destination for Australian gold exports.

“To give you some idea how that has increased in recent times, in 2011 we exported about 100 tonnes of gold to China,” he said. “Last year we did 230 tonnes of gold to China.”

“Our export numbers are about AUD17 to 18 billion a year and last year AUD11 billion went to China,” he said.


Richard Hayes, CEO of The Perth Mint, with Channel 9 interviewer Tracy Vo during today's live broadcast.

Mr Hayes added that investment was also fuelling demand for gold. Historically, demand for gold has increased at times of international crisis and upheaval.

“As people are looking to diversify their asset portfolios… gold is increasingly a commodity in which they are storing a portion of their wealth.”

“If you look at the world today… at geo-political instability, China, Russia, North Korea, what’s happening in the Middle East, gold is and always has been that ultimate store of wealth,” he said.

Others taking part in Channel 9’s business special from The Perth Mint’s gold exhibition were REIWA’s Hayden Groves; property valuer Gavin Hegney; Andrew Tomich of Hudson Recruiting; financial planner David Sharpe; James McGlew from Argonaut Securities; and Phil Thick from Tianqi Lithium.



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WA gold resurgence ‘on radar’ of North American and British investment funds

Topics [ Perth Mint Gold gold mining ]

The Western Australian Goldfields region is attracting the attention of overseas investment funds as Australia’s mid-tier gold miners start to outperform their North American counterparts, The Kalgoorlie Miner reported last week.

One of the miners to benefit from US and UK investment funds has been Saracen Mineral Holdings.

Managing director Raleigh Finlayson told The Kalgoorlie Miner it had captured the interest of North American and British funds after this month announcing a seven-year mine life across its Carosue Dam and Thunderbox operations.

 

As the Diggers and Dealers mining forum wrapped up last week Mr Finlayson said companies able to forecast gold mine life of about seven to 10 years had the potential to ‘get on the radar’ of big overseas funds.

Another Western Australian miner, Gold Road Resources, now has 37% of its register held with North American institutions, as well as some UK and European shareholders.

Precious metals have for centuries helped institutional and private investors protect their wealth against fluctuations in the value of other asset classes. Recognised as a ‘safe haven’ and an essential element within a diversified investment portfolio, gold has historically proven to increase in value as alternative assets falter amid market turbulence.

But you don’t need to be a fund manager or even an active private investor to own a stake in Western Australian precious metals.

The Perth Mint, which refines more than 90% of Australia’s newly mined gold, allows investors to start building a precious metals portfolio from as little as AUD 500 plus a standard brokerage charge through Perth Mint Gold (PMG), or AUD 50 a month for bullion.

PMG is structured as a fully paid call option to one hundredth of a troy ounce of physical gold which may be exercised by you at any time.

It trades on the Australian Securities Exchange (ASX) under the code PMGOLD and suits investors who prefer to manage their gold investment within their stockbroking account along with ASX-listed equities and other investments.

PMG has other key benefits:

 • Physically Redeemable. Unlike many gold exchange traded products, PMG can be physically redeemed for any of The Perth Mint’s bullion coins and bars.

 • Government Guaranteed. PMGs are issued by Gold Corporation (trading as The Perth Mint), a statutory authority of the Government of Western Australia. The liabilities of Gold Corporation are guaranteed under the Gold Corporation Act 1987, an Act of the Western Australian Parliament.

 • Fully Backed. PMGs are 100% covered by gold owned by The Perth Mint.

 • Low Management Fee. PMG’s management fee has been held at 0.15% pa since 2004, one of the lowest fees worldwide for a gold exchange traded product.

 • Guaranteed Market. The Perth Mint, via its Market Maker, will ensure PMG tracks the price of gold by maintaining reasonable bid and offer prices and volume on the ASX at all times, in accordance with ASX rules.

 • Convenient. Trade PMGs through your stockbroker with the same ease and convenience as investing in shares. PMG trades on the ASX under the code PMGOLD and can be purchased by investors on the Australian Stock Exchange.

The Perth Mint also offers three investment and storage solutions for the many investors who prefer to buy physical gold, silver and platinum.

One of these is Perth Mint Depository Online. PMDO accounts are free to set up and keep open until you are ready to buy some bullion. You can then start your precious metals investment with a minimum transaction of just AUD 50. With a PMDO savings plan you can build your wealth with automatic deductions each month.

For information more information about our choice of investment options, visit The Perth Mint website.

Read the PMGOLD product disclosure statement here.

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How much gold is in the London vaults?

Topics [ PMDO where to buy gold bullion buy gold bullion online ]

Buyers and sellers of precious metals welcome greater transparency. 

The London Bullion Market Association (LBMA) and the London Precious Metals Clearing Limited (LPMCL) have just begun releasing data on gold and silver inventories in London vaults.

Until last week no one knew exactly how much precious metal was stored in the British capital’s vaults. 


The vaulting statistics, which are released on a three month lagged basis, will be enhanced by more detailed trade reporting at an as yet unspecified date.

What we know now is that at the end of March about 7,449 tonnes or 239.49 moz of gold, and about 32,078 tonnes or 1,031.32 moz of silver, were sitting in London vaults. 

That is the equivalent of almost 600,000 gold bars and 1.03 million bars of silver worth more than USD 300 billion and USD 17 billion, respectively, according to UBS Global Research.

The data has been widely welcomed by investors who want more knowledge about tangible gold and silver stocks compared with investor positioning and the enormous ‘paper trade’ volumes generated each day in the London precious metals markets. 

Precious metals are recognised as an essential element of a diversified investment portfolio, helping investors protect their wealth against fluctuations in the value of other asset classes.

Many investors across the globe also like the additional surety of knowing every ounce of precious metal they buy is backed by physical product.

For these investors, The Perth Mint has been offering the security of the world’s only government guaranteed precious metals storage program since 1994.

Our program comes with the ability to take physical delivery of your precious metals upon request.

Meanwhile your assets are secured in the most extensive network of central bank grade vaults in the southern hemisphere.

We now offer four investment solutions to more than 30,000 investors in over 130 countries:

1. Perth Mint Depository Online (PMDO)

With a minimum transaction amount of AUD 50 and 24/7 access to our secure, mobile friendly trading portal, the PMDO makes investing in precious metals easy and accessible.  

There is an easy three step process to open your account and the platform is underpinned by the highest levels of security.

As a PMDO customer you also have the option to set up an automatic savings plan and build your precious metal wealth from just AUD 50 per month. 

If you have been thinking about buying bullion but are not quite yet ready, you can activate an account and keep it open free of charge. It’s then ready to use as soon as you want to start your precious metals investment. 

2. Perth Mint Depository Program (PMDP)

Modelled on a traditional brokerage style service, PMDP offers direct access to our experienced bullion dealers who can provide a competitive live spot price to buy or sell precious metals. You will receive a trade confirmation immediately upon execution by email or mail.

3. Perth Mint Certificate Program (PMCP)

PMCP is available through our global network of authorised distributors and offers precious metals stored within our secure vaults. You will be issued with a uniquely numbered Precious Metal Certificate in your name confirming your legal title to a specific amount of precious metal. 

4. Perth Mint Gold ASX Warrant (PMG) 

PMG is a right to gold created by The Perth Mint to enable you to invest in the precious metal on the Australian Securities Exchange (ASX) through a stockbroking account. PMG is structured as a fully paid call option to 1/100th of a troy ounce of physical gold which can be exercised by you at any time. This is the only ASX gold product that can be redeemed for physical Perth Mint bullion coins or bars. 

Other benefits of investing with us include:
     • Choice of storage solutions:
    - allocated gold and silver
    - pool allocated silver
    - unallocated gold, silver and platinum  
    • Transaction confidentiality provided by secure administration and trading procedures.


For over a century, The Perth Mint has been trusted to produce the highest purity gold and silver bullion, and create some of the finest coins and bars ever minted. 

This makes our products ideal for investors wanting to build wealth through physical gold and silver.

No matter the size of your investment, we provide the highest security and flexible access to your precious metals.

Visit perthmint.com.au/invest or call (61 8) 9221 7222 for more information.



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Gold a star performer in Australian minerals exploration

Topics [ gold ]

As gold adds shine to Australia’s lacklustre minerals exploration sector, what and who is driving the upsurge in activity?

Gold exploration rose 30 per cent year on year in the March quarter to make up 46 per cent of Australia’s total minerals expenditure, an Australian Government report released last week revealed.

Western Australia is still the core of the nation’s $155 million gold exploration activity, attracting 75 per cent of expenditure in the sector.

The diggers and dealers have been spurred by a forecast increase in world gold consumption. The June Resources and Energy Quarterly published by the Department of Industry, Innovation and Science predicts global demand to rise by 1.8 per cent in 2018 to 2,484 tonnes.

Our ancient desire for gold jewellery continues to be the overwhelming factor behind increased appetite for the precious metal. Jewellery accounts for 80 per cent of total fabricated demand and the report forecasts jewellery consumption to increase by 3.5 per cent in 2017.

Continued economic growth in India and China — the world’s two major jewellery markets — is predicted to support higher discretionary spending on gold into 2018. 

Technology linked usage of gold is also driving increased demand. 

Consumption for electronics rose by 3.7 per cent year on year in the March quarter. Growth in this use for gold, including wireless technology for smartphones and gold bonding wire, is forecast to be 2.2 per cent in 2017 taking the volume to 261 tonnes.

The value of Australia’s annual gold exports is forecast to total $16.5 billion in 2017–18 and $17 billion in 2018–19. 

Export volumes are forecast to rise by 4.5 per cent in 2018-19, reaching a peak of 334 tonnes. 

On the supply side, global mine production is forecast to rise by 1.5 per cent in 2017 to 3,305 tonnes. World production is then expected to plateau over the next three years, but this is dependent on new projects reaching commercial production.

By contrast to what is happening in gold exploration, investment in Australia’s mining sector as a whole has “declined rapidly in recent years and is expected to continue to do so”, said Mark Cully, Chief Economist at the Department of Industry, Innovation and Science, in his foreword to the report. He said this was evident in the reduction in overall mining industry employment. 



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Monthly Sales – July 2017

Topics [ silver bullion gold bullion ]

Total ounces of gold and silver sold by The Perth Mint in July 2017 as coins and minted bars:

  - Gold (Au): 23,675 oz

  - Silver (Ag): 1,167,963 oz



This chart shows total monthly ounces of gold and silver shipped as minted products by The Perth Mint to wholesale and retail customers worldwide. It excludes sales of cast bars and other Group activities including sales of allocated/unallocated precious metal for storage by the Depository.



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Secure precious metals investment and storage with The Perth Mint

Topics [ gold depository PMDO Perth Mint Depository depository online ]

The Perth Mint Depository was created in 1994 to enable clients to invest in precious metals without the need to take physical delivery. For almost a quarter of a century, our depository has offered the only government guaranteed investment and storage program in the world.  Located in the safe geopolitical environment of Western Australia and operating the most extensive network of central bank grade vaults in the southern hemisphere, we are a true safe haven for precious metals storage solutions.

Our precious metal storage solutions are designed to satisfy the particular investment needs of our broad range of customers. As a Perth Mint Depository client you will enjoy the following benefits:

    • Security of the world’s only government guaranteed precious metals storage program  
    • Surety that every ounce invested is backed with physical precious metals, comprehensively insure  
    • Convenience of trading in either AUD or USD  
    • Choice of precious metals storage:
       • allocated gold and silver 
       • pool allocated silver 
       • unallocated gold, silver and platinum
    •  Ability to convert from unallocated and pool allocated metal to allocated bars and coins at any time      
    • Flexibility to take physical delivery of your precious metals upon request  
    • Transaction confidentiality provided by secure administration and trading procedures  
    • Peace of mind that your assets are secured in the most extensive network of central bank grade vaults in the southern hemisphere

Perth Mint Depository Online (PMDO) is the easiest way to manage your investments 


PMDO allows you to buy and sell precious metals directly via our secure digital trading portal 24 hours a day, 7 days a week. This option suits investors who wish to react quickly to the dynamic precious metals markets. 

Our mobile friendly portal means you can access live pricing, review your portfolio and buy and sell precious metal anytime, anywhere. With a minimum transaction amount of AUD 50, trading in precious metals has never been easier or more accessible.  

Getting started is simple and you can rest assured that your precious metals portfolio is in trusted hands. The platform is underpinned by 128 SSL encryption and the highest levels of security to protect your investments.  

Start your precious metals savings plan today


As a PMDO customer you have the option to set up an automatic savings plan and start building your precious metal wealth from just AUD 50 per month (up to AUD 5,000). Our savings plan allows you to purchase gold and silver on a monthly basis, with a discount of 50% off the applicable transaction fee. 

Savings plan transfers will be actioned on the first working day of each month and will be funded using the available cash in your PMDO account. 

For more information on PMDO and to find out how you can start investing with The Perth Mint today visit perthmint.com/storage.


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