The Perth Mint is marketing Australia’s precious metals to the world, and offering innovative investment solutions to customers in more than 130 countries.
A global leader in the precious metals industry and owned by the Government of Western Australia, The Perth Mint is a vertically integrated refining, manufacturing, minting, marketing, investment and storage business.
With a focus on identifying new markets and creating local and overseas demand for Australian precious metals, The Perth Mint is proud to play a leading role in supporting the nation’s gold mining companies.
Australia has the world’s largest known gold reserves and is the world’s second largest producer of gold after China. Gold is also the nation’s third largest mineral export, worth $16billion in 2015/16. Well placed to take advantage of the country’s resources, The Perth Mint is supporting Australia to access global precious metals markets that provide significant contribution to the nation’s economy.
Renowned for its refining and minting expertise, The Perth Mint value-adds to Australia’s precious metals industry through the manufacture and marketing of a broad range of bullion bars and coins.
“The Perth Mint has evolved over its 117-year history to become one of Australia’s top manufacturers, a leading exporter, and a champion for our precious metals industry,” says Richard Hayes, Chief Executive Officer.
“The quality of our products is world class thanks to the capability of our operations and our people. Our Australian one kilo gold bar, for example, is highly sought after by Chinese investors making it the product of choice on the Shanghai Gold Exchange,” he said.
The Perth Mint refines most of Australia’s newly mined gold and that of several Pacific nations. Operating Australia’s only gold and silver LBMA (London Bullion Market Association) accredited precious metals refinery, The Perth Mint is also the country’s only precious metals business with accreditation from commodity exchanges in London, New York, Shanghai, Tokyo and Dubai.
With investors in its products located in more than 130 countries, The Perth Mint is taking Australian gold to the global banking and financial sector, as well as institutional and individual investors across the world.
“In 2017, the ASX and The Perth Mint will launch a Gold Futures contract to bring together ASX’s investment exchange expertise with the scale and security of The Perth Mint’s precious metals operations. The resultant financial instrument will compete internationally and better meet the needs of global market participants and investors.”
The Perth Mint also offers customers a range of precious metals investment and storage options. Backed by a government guarantee, customers can invest in gold, silver and platinum through The Perth Mint Depository, which includes an innovative digital trading platform.
“Perth Mint Depository Online allows investors to manage their own private metal account including the ability to trade with live pricing 24/7. With $3.1billion worth of investors’ precious metal on deposit, we offer customers the most secure and extensive storage facilities in the southern hemisphere.”
Mr Hayes is bullish about precious metals and argues a strong case for investing in gold and silver.
“Historically, gold has shown again and again that it survives and thrives in difficult times, such as these. Indeed, the smart money has an exposure to gold.”
First published in The Pick.