About Perth Mint Bullion Blog

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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Why the kilo Koala provides more bang for your buck!

Topics [ buy silver online Australian Koala ]

Like gold, the price of silver has been falling since the surprise result of the U.S. Presidential election. Bargain hunting investors may see this as an opportunity to ‘buy the dips’ – whereby they increase their metal holding to benefit from an eventual upswing.

For those who prefer to hold their precious metal in the form of government issued legal tender, the Australian Koala 1 kilo silver bullion coin represents one of the most cost-effective ways of acquiring pure silver from The Perth Mint. Offering a low premium per ounce and price breaks on purchases for as little as five coins, it is an excellent way to take advantage of silver’s current price point.

 
The kilo Koala comes with an assurance of both weight and purity under the unique government guarantee that applies to all our products and solutions. Investors will also welcome the knowledge that the Mint is not just an expert in coin production, but a global leader in the precious metals industry with an integrated business operating across refining, manufacturing, investing and storage.

Last year alone, our LBMA-accredited refinery processed almost 34 million ounces of gold and silver, bringing the total for the last three decades to more than 6,500 tonnes. Our trusted depository has been chosen by around 30,000 clients from over 100 countries to keep their precious metal assets safe and secure. And last year alone, we sold $1.3 billion worth of minted product worldwide, representing more than 16 million coins and bars.

A superb example of The Perth Mint’s 117-year refining and coining pedigree, this Australian Koala 1 kilo silver bullion coin is available from our bullion website - perthmintbullion.com. Alternatively, talk to our Bullion Trading Desk at 310 Hay Street in East Perth; or call the BullionLine on 1300 201 112 (Australia) / +61 8 9421 7218.



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Depository savings plan makes accumulating gold and silver easy

Topics [ buy gold online depository services buy silver online depository online ]

The Perth Mint’s Depository Online (PMDO) digital trading platform now features a convenient saving plan option for investors wishing to acquire gold and/or silver on a monthly basis.

PMDO is one of the Mint’s suite of ‘buy and store’ investment programs managing more than AUD 3.1 billion worth of precious metal on behalf of 30,000 clients worldwide. Offering 24/7 trading with live metal pricing, PMDO is easy to operate, completely secure, and comes with the unique backing of a government guarantee.

Perth Mint Depository Manager John Durham said the new savings plan was designed for investors who wanted a hassle-free method for accumulating precious metal over time. He explained:

Serious gold bugs, mum and dad investors, even grandparents acquiring a pot of gold or silver for their grandkids, can take advantage of the one-time setup and relax knowing their objective will be met through automated monthly transactions of the PMDO savings plan.”

 

Cost savings

The savings plan allows customers to meet their specific budget with a minimum transaction requirement of just AUD 50.00 per month up to AUD 5,000.00. An exclusive benefit for those buying precious metal through the savings plan is a discounted rate of 50% of the applicable transaction fee.

Precious metal purchased within the savings plan is stored in The Perth Mint’s high-security vaults on an unallocated basis – which means that there are no ongoing storage fees. Unallocated metal can be sold at any time; alternatively, clients can pay a fabrication fee to convert their metal into finished bullion products for collection.

Set and forget

Savings plan transactions are actioned on the first working day of each month and funded from cash transferred by the client to their PMDO account. To ‘set and forget’ the savings plan, clients need to establish a regular electronic transfer of funds from their personal bank account.

A savings plan can be terminated by the client at any time, or will cease when they have insufficient cash available in their PMDO account.

More information about Depository Online.

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Low mintage silver bullion coin rich in Chinese symbolism

Topics [ buy silver online buy silver coins ]

The Perth Mint is delighted to unveil a new Australian legal tender silver bullion coin featuring a design abounding in Chinese symbolism.

Complementing the annual Australian Bullion Coin Program, the 2017 Dragon and Phoenix is meticulously struck from 1oz of 99.99% pure silver. An excellent way for investors to accumulate silver from one of the world’s most trusted sources, the coin’s maximum mintage of just 50,000 is also expected to inspire considerable interest among collectors.

 

Chinese symbolism

The dragon has supreme status in Chinese mythology as the greatest divine force on Earth. The Phoenix is regarded as an immortal bird whose rare appearance foreshadows harmony at the ascent to the throne of a new emperor.

In Feng Shui, the dragon and phoenix are perfect matches for one another. The phoenix is ‘yin’ while the dragon is ‘yang’ in the Chinese philosophical account of natural balance and interdependence. Their portrayal together is a widely recognized symbol of everlasting love.

The coin’s reverse depicts exquisitely detailed representations of both mythical creatures on a background of stylized clouds. The design includes a flaming pearl – a sign of wisdom, prosperity, and power.

The reverse also incorporates a ‘P’ mintmark reflecting The Perth Mint’s 117 years of excellence in precious metal minting.

Superb quality

This stunning coin features a high quality bullion finish comprising polished design elements on a delicately frosted background. Often referred to as ‘reverse proof’, the finish is associated with the highest quality bullion coins in the world.

Availability

While stocks last, the 2017 Dragon and Phoenix 1oz silver bullion coin may be purchased in person from the Bullion Desk at The Perth Mint Shop, or online from www.perthmintbullion.com. Alternatively, Australian buyers can contact Ainslie Bullion in Brisbane. Outside of Australia please contact LPM Group Ltd.

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Monthly Sales – September 2016

Topics [ buy gold online buy silver online ]

Monthly Sales – September 2016

  - Gold (Au): 58,811 oz

  - Silver (Ag): 1,031,858 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.

At a time when quieter market conditions are prevailing in the international bullion coin market, we experienced significant demand for our Australian Lunar Gold and Silver Coin Series II – 2017 Year of the Rooster. Strong wholesale orders, which were opened in early September, reflect the popularity of the Series throughout the Mint’s key markets from China to North America.

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Introducing Perth Mint Depository Online – the safest precious metals storage option available today

Topics [ buy gold online buy silver online depository depository online ]

The Perth Mint depository was created in the 1990s to enable clients to invest in precious metals without the need to take physical delivery.

Our depository now has more than 30,000 clients worldwide. Last year alone, the value of precious metals on deposit at The Perth Mint increased from $2.69 billion to $3.11 billion.

Now we’re successfully broadening the depository’s appeal further by transforming its profile through online trading facilities, an emphasis on reduced transaction costs, and 24-hour trading.

A global leader in precious metals

The Perth Mint is a world-leading fully integrated precious metals business. Founded in 1899 and wholly-owned by the government of Western Australia, our reputation is built on more than a century of refining and minting excellence.

As the operator of Australia’s only gold and silver refinery accredited by the London Bullion Market Association (LBMA), our clients are assured of the stated weight, purity, and integrity of our gold, silver and platinum products.

During the past 30 years, we’ve made almost 51 million bullion and numismatic coins, which have the reputation for being among the highest quality coins in the world. In the process we’ve added value to nearly 270 tonnes of gold and more than 3,000 tonnes of silver.

Uniquely, our depository offers the only government guaranteed investment and storage program in the world, and uses the most extensive central bank grade vaulting facilities in the Southern Hemisphere.

These world class facilities provide multiple storage services, including the established Perth Mint Depository Program (PMDP), and our fastest growing choice for new clients, The Perth Mint Depository Online (PMDO).

 

Benefits of Depository Online

The PMDO is a secure online trading platform which allows you to manage your own precious metal investment account via the web. Extremely simple to use, it’s nevertheless a sophisticated trading tool providing a wealth of user benefits, especially for investors who want to be able to react immediately to the dynamic precious metals markets:

Flexible and convenient

A PMDO account enables investors to trade online 24 hours a day, 7 days a week. Whether you’re buying or selling, you can transact with live pricing (updated every 15 seconds) whenever it’s personally convenient – or whenever an advantageous opportunity arises in the market.

Automated order execution

For clients who wish to trade bullion at a target price, it’s easy to arrange an automated order execution. The system monitors international precious metal markets 24 hours a day and instantly completes the trade when your pre-programed metal price is reached.

Low minimum order value

With PMDO, you can acquire as little as $50 and up to $50 million worth of precious metal in a single order.

Competitive pricing

Our inexpensive transaction fees range from 1% to as low as 0.20% depending on the size of your trade. As a result of our wide and deep connections into the professional precious metal markets, you can also be assured of highly competitive buy/sell spreads.

Different storage types

You can purchase precious metal in Allocated, Pool Allocated, or Unallocated storage types. Essentially, these options relate to how we store your metal. Each one has specific benefits, depending upon your needs. In the next article we’ll be examining each of these storage types in more detail, revealing which one is the most popular and how it’s possible for you to own precious metal with zero storage fees!

Open an account now

Already, PMDO is proving popular with individual investors and self-managed superannuation funds.

To establish your account, click Open Online Account to enter your personal details and upload your identity documents. We’ll inform you shortly afterwards that your account has been verified – a good time to transfer funds into your PMDO cash account in readiness to start building your precious metal portfolio.

Easy to operate, available 24 hours per day, totally secure and providing complete account privacy, it’s the safest precious metals storage option available today!



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The Perth Mint provides unique reassurances for precious metals storage clients

Topics [ buy gold online buy silver online depository depository online ]

The Perth Mint has been storing precious metals for domestic and overseas customers since the 1980s. As the number of customers expanded, we formalised this activity into the Perth Mint depository division during the mid-1990s.

Our business mission is to provide one of the world's safest locations for precious metal storage for those that wish to own, but not take delivery of gold, silver and platinum – thereby removing their security concerns. 

With more than $3 billion worth of investors’ metal now under management, our depository’s success in this area means it has been chosen by around 30,000 clients from over 100 countries to keep their precious metal assets safe and secure.

 

Among the reasons why so many have invested their confidence in our depository is The Perth Mint’s preeminent position in the precious metal industry.

A global leader in precious metals

The Perth Mint is a world-leading fully integrated precious metals business. With our reputation built on more than a century of refining and minting excellence, the mark of The Perth Mint stands as an irrefutable seal of quality and assurance.

As the operator of Australia’s only gold and silver refinery accredited by the London Bullion Market Association (LBMA), we refine almost all of the gold recovered at Australian mine sites, as well as producing a substantial amount of refined silver.

In addition to producing benchmark good delivery bars and a wide range of retail investment bars, we’ve made almost 51 million bullion and numismatic coins over the past 30 years, which have a reputation for quality second to none.

We are Western Australia’s seventh largest exporter and a financially healthy organisation with an annual turnover of more than $9 billion.

Exceptional security

As a working refinery and mint, we directly operate a number of vaults. Our vaults are Category 11 and meet AUS/NZ Standards 3809, each with specifications that have been vetted by our underwriters.

Sites are monitored and recorded 24-hours per day with recordings retained. Access to and within our facilities are controlled electronically from a Class 1 Security Control Room. Our specialist Security Officers constantly monitor for external threats, and work closely with the Gold Stealing Detection Unit at the West Australian Police Service.

Additionally, our risk management team ensures compliance with an impressive level of procedural security for receiving, releasing and accounting for precious metal.

Unique government guarantee

The Perth Mint is wholly owned by the government of Western Australia, Australia’s largest resource-rich state. To manage the Mint on a commercial basis, it created Gold Corporation under a Western Australian Act of Parliament in 1987. As a specific comfort for individuals dealing with the Mint, especially those with precious metal on deposit, a government guarantee was included in the Gold Corporation Act, which is enshrined within Section 22:

“The payment of the cash equivalent of gold due, payable and deliverable by Gold Corporation, the Mint or GoldCorp under this Act and all moneys due and payable by Gold Corporation ...  is guaranteed by the Treasurer, in the name and on behalf of the Crown in right of the State."

It includes the explanation that a "reference in this Act to gold shall be construed as including a reference to silver, other precious metals…” so you can be completely confident that the government guarantee covers all of your precious metal holdings in The Perth Mint's depository facility.

Providing an exceptional level reassurance for all clients, our government guarantee is unique in this sector.

Other important considerations

When making your decision where to store precious metals, the benefits of choosing The Perth Mint also include our:

Focus on the customer

At the heart of the Mint’s ethos lies the desire to delight our customers. As a result, we are strongly committed to customer service, resourcing an in-house call centre operated by specialist personnel, as well as online help and support facilities. We have a formal Complaints Policy embodying our commitment to the efficient and fair resolution of complaints in a speedy and courteous manner. And to further demonstrate our openness and accountability, we have an active presence on popular social media platforms where we publicly answer questions and provide further information in a timely fashion.

Location

In an environment of increasing global, financial and corporate risk, holding precious metal in Perth is a sensible choice because of its geographical isolation and stable political and economic environment.

Corporate governance

As a government-owned institution, we are subject to rigorous corporate governance and control, including the presence of a government representative on the board of Gold Corporation, and an annual audit undertaken by a major accounting firm on behalf of the State Auditor General, an appointment of the Western Australian Governor.

Multiple storage options

The world class facilities of our depository provides multiple storage options, including the Depository Program, and most recently our Depository Online web trading portal, which is designed for investors who want to be able to react quickly 24-hours a day to the dynamic precious metals markets.

Fully-backed client holdings

And finally, it’s important to note that we buy precious metal when you buy from us and sell when you sell to us on a 1:1 basis. This ensures that all metal held on your behalf is 100% backed. Allocated precious metal holders are eligible to inspect or collect their precious metal, while Unallocated and Pool allocated holders may rely on the Mint's audited Annual Reports.



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