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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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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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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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What makes The Perth Mint a global leader in precious metals?

Topics [ buy gold online buy silver online ]

The Perth Mint is Australia’s largest fully integrated, innovative precious metals enterprise.

We belong to an elite group of gold and silver refiners around the world who are trusted implicitly to meet the highest of standards.

As 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.

Last year alone, our refinery processed almost 34 million ounces of gold and silver, bringing the total for the last three decades to more than 6,500 tonnes.

We ship 400oz gold and 1,000oz silver good delivery bars to London, and are the dominant supplier of value-added gold cast bars to China and India, the world’s leading consumers. We’re also renowned for our range of small investment cast bars, which are supplied into various local and overseas markets.


With between 300 and 400 tonnes of precious metals typically processed each year, our refining facility enjoys an international reputation for quality and efficiency.

Since being established in 1899 to make sovereigns, The Perth Mint has amassed vast experience in the manufacture of high quality precious metal coins. Today we produce an extensive range of sought-after gold, silver and platinum bullion coins and gold minted bars for investors.

Last year we sold $1.3 billion worth of minted product worldwide, representing more than 16 million coins and bars. During the past 30 years, we’ve made almost 51 million bullion and numismatic coins, adding value to nearly 270 tonnes of gold and more than 3,000 tonnes of silver.

For investors looking for the reassurance of safe storage, our depository offers a choice of secure precious metal investment solutions. With more than $3 billion worth of investors’ metal under management, making it bigger than many high street financial institutions, our depository has been chosen by around 30,000 clients from over 100 countries to keep their precious metal assets safe and secure.

When it comes to trust, quality and service, here’s why you can rely on The Perth Mint

For more than 100 years, The Perth Mint has been a trusted supplier of precious metal products and services, respected for our quality, security, efficiency and technical expertise.

Our dynamic operation maintains its global standing by upholding the core values of excellence, ethics, and equity, underpinned by an uncompromising focus on the customer and cost efficiency.

As well as being accredited as a refiner, weight master and assayer by the LBMA, we’ve achieved similar endorsements from the New York Commodity Exchange, Shanghai Gold Exchange, Dubai Metal & Commodities Centre, and Tokyo Commodities Exchange. As a result, the quality of our precious metal products is accepted without question in commodities markets and by consumers alike.

Our bullion coin range is manufactured under the authority of the Australian government. Each coin is issued as official Australian legal tender, its guarantee of weight and purity. And thanks to their superb ‘reverse proof’ finish, our Australian Kangaroo, Kookaburra, Koala and Platypus series have the reputation of being the highest quality bullion coins in the world.


Australian Kangraoo bullion coins made from 99.99% pure gold.

Investment cast bars, stamped with The Perth Mint ‘swan’ logo – our official LBMA registered mark – are equally trusted and internationally tradeable.

Satisfying investors’ demands for safe storage, our depository vaults meet international security standards and are monitored 24-hours a day. But when choosing where to store precious metals, The Perth Mint offers clients an unprecedented additional safeguard – something unique in this sector – in the form of a government guarantee.

We are wholly-owned by the government of Western Australia, which acquired the assets of the Perth Mint from Britain’s Royal Mint in 1970. To manage the Mint on a commercial basis, it created Gold Corporation under a Western Australian Act of Parliament in 1987. Our government guarantee, which applies to precious metals for physical delivery as well as storage with the depository, is included in the Gold Corporation Act 1987, Section 22, which states:

“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."

The Perth Mint is a financially strong organisation, and like any prudent individual, we insure our physical metals. While there’s never been any question about our ability to deliver in over a century of operations, the extra protective layer of a guarantee from the government of one of Australia's wealthiest states provides an exceptional level of reassurance for all our clients.

As we go forward, we’re continually striving to develop effective new solutions and to further improve customer focus through careful attention to our product quality and design, security, communications and client service. With this in mind, we’re almost ready to unveil an exciting new development concerning our innovative Depository Online precious metal trading web portal – and look forward to bringing you the exciting news in the very near future.

The Perth Mint genuinely is a global leader in precious metals.

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‘Fractionals’ make bullion coin investing more affordable

Topics [ buy gold online gold bullion coins ]

BULLION BARS AND COINS

Bullion coins made from 1oz of gold make sense for many investors.

But there are denominations made from less than 1oz.

These coins are known as ‘fractionals’ - and they provide investors with a number of practical benefits.

Because they contain smaller amounts of precious metal, fractional coins are sold at lower price points. For those on a tight budget, they make accumulating gold bullion possible for a more modest outlay.

Some people invest in gold to protect themselves against the worse-case scenario - a total collapse in the financial system. This type of investor probably believes fractionals would be useful for barter if paper currency suddenly became worthless.

Disaster scenarios aside, the other main benefit offered by fractionals is flexibility when it comes to converting precious metal back in to cash. For example, a portfolio containing exclusively 1oz gold coins means that a minimum of 1oz must be sold – currently worth more than A$1,600.

Sellers who want to redeem smaller amounts of gold could have achieved a more suitable outcome had they diversified through a range of fractional coins.

Australian Fractional Coins

Fractional gold coins 

Fractional bullion coins made by The Perth Mint from 99.99% pure gold feature exactly the same design theme as the full 1oz sizes and each is issued as Australian legal tender.

The internationally sought-after Australian Kangaroo and Australian Lunar Gold Coin Series are struck in fractional weights of 1/2oz, 1/4oz and 1/10oz. Also available in these sizes, the Lunar Series includes a more unusual 1/20oz option.

Each fractional coin receives the same meticulous attention to detail in order to produce an exquisitely detailed product.



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