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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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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Monthly Sales - December 2013

Topics [ gold minted bars silver bullion coins where to buy gold bullion gold bullion coins where to buy silver ]

STATISTICS

Total ounces of gold and silver sold by The Perth Mint in December 2013 as coins and minted bars.

 - Gold (Au): 58,943.61

 - Silver (Ag): 845,940.53



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FAQ No 2: Why Do You Require My Credit Card Details?

Topics [ where to buy silver bullion where to buy gold bullion ]

WEBSITE INFORMATION

We’re often asked this question because the bullion website does not accept payment by credit card.

However, everyone who requests clarification finds it perfectly acceptable once they fully understand our reasoning.

Essentially, we use credit cards as a form of protection against (thankfully an extremely rare number of) clients who decide not to pay for gold and silver bullion they’ve ordered online.

What makes this situation particularly difficult for us is that for every ounce of bullion our customers commit to buying, we purchase a corresponding amount of precious metals on the spot market.

Our order is executed at once because the price of gold and silver bullion is changing all the time. We must also settle payment with our counterparties almost immediately.

Because of the speed of this process, we generally pay for a customer’s metal before we have received their cleared funds. This risk is acceptable to us, so long as they transfer funds within two days as per our terms of business.

Refusal to pay, on the other hand, leaves the Mint exposed to fluctuating metal prices and the need to liquidated unwanted metal.

So, part of the registration process requires each client to complete a Contract Completion Guarantee i.e. provide us with their credit card number.

Should they subsequently order gold or silver but fail to transfer payment, an administration fee plus any losses incurred by The Perth Mint in the liquidation of the metal is billed to the card.

It has been pointed out that in a rising market, the sale of unwanted metal would enable the Mint to make a profit. But in my experience, refusal to pay has only ever happed when the price falls!

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How To Invest In Gold

Topics [ how to buy gold gold investment where to buy gold bullion ]

EDUCATION

Reuters has written a ‘Factbox’ on the various ways to gain exposure to soaring gold prices. Useful for anyone new to precious metals investing, it includes short explanations of key terminology, such as ‘spot’, ‘futures’, ‘COMEX’, ‘ETF’ etc. If you’re looking for a straightforward pre-amble on the topic, click the heading below:


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Purchase Bullion Direct Or Via A Dealer?

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

WORLD OF GOLD

We’ve been asked if there is any difference in buying gold and silver bullion directly from The Perth Mint or from any of our authorized Perth Mint dealers.

If anyone doesn’t already know, you can purchase bullion coins and bars from the Mint via telephone and now, with the launch of www.perthmintbullion.com, via the internet. Alternatively, you can buy from an official Perth Mint bullion dealer.

Our international dealer network offers clients all over the world the opportunity to deal with a local supplier. You may feel it is important to have a close relationship with your bullion supplier. It may be something as practical as relying on somebody who talks your language, or somebody who is open for business in your time-zone!

Our dealers place large wholesale orders, making them very competitive in the marketplace. You might even be able to save on freight and insurance costs if you’re able to pick up product from a local collection point.  All these factors make it attractive for many buyers to deal with a supplier that’s well known and trusted in their region.

As in any industry, of course, there are also customers who like the ability to deal direct with the manufacturer.  We aim to make this process as easy and convenient as possible with our established telephone and new ‘live-price’ internet sales services.

So yes, there are differences – but they both offer clear advantages to clients who must decide which is best for them.

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New Video Posts

Topics [ gold investing buy silver online Australian Kangaroo how to buy gold buy gold online where to buy silver bullion gold coins gold bullion Australian Lunar Australian Koala bullion coins silver coins where to buy gold bullion silver bullion bars gold bullion coins Australian Kookaburra buy gold bullion online where to buy silver bullion bars ]

BULLION BARS AND COINS

I’ve posted three new Perth Mint videos.   You can watch them here, but don’t forget to visit our YouTube channel or our video page for all current videos.

Video 1

If you’re new to The Perth Mint and would like to know more about our history, the first one will whizz you through 110 years of refining and minting operations at our historic East Perth site.

Video 2

There are some spectacular shots of our gold and silver bullion in this presentation which highlights the unique qualities of our precious metal coins and the outstanding value of our cast bars.

Video 3

A natural follow-up, this video is hosted by Ron Currie, the Mint’s Sales and Marketing Director, who shows how easy it is to register to trade bullion on our new site www.perthmintbullion.com.

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