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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What’s stopping you from buying gold?

Topics [ buy gold online PMGold GoldPass depository online Buy and Store ]

Gold is a mainstream choice for retail investors according to a recent World Gold Council survey which questioned 18,000 consumers and potential buyers across Asia, Europe and America about their attitudes toward the precious metal.

According to the findings, 46% chose gold, making it the third most consistently bought investment behind savings accounts (78%) and life insurance (54%).

Accounting for their motivation, more than two-thirds of those surveyed said they believed gold was a good safeguard against both inflation and currency fluctuations, while 61% indicated they trusted gold more than fiat currencies.

In search of a deeper understanding of behaviours, the survey also looked at the flipside, asking participants what put them off buying gold. For those open to gold but yet to purchase, there were a number of significant barriers.

Potential purchasers found engaging with the gold industry quite daunting, the report noted, citing lack of knowledge and experience made them nervous about entering the market.

Absence of trust also emerged as a significant barrier, with 48% saying that issue caused them to prevaricate. Fear of fake or counterfeit products was mentioned by 28% of this group, while 21% said they worried about purity. Another 14% said they didn’t trust businesses selling gold products.

Also colouring their judgment towards gold were perceptions about how easy it was to purchase. The report said that although we live in an era when people rely on hand-held devices to research and buy many goods and services, the gold industry was seen to be lagging others in its adoption and use of technology.

Do you have similar reservations?

A global leader in precious metals, The Perth Mint takes a proactive approach to understanding investors' needs, including the key question of trust.

One of the ways in which we are unique is our explicit government guarantee. Enshrined in law, it states that the Government of Western Australia, our sole owner, guarantees all our operations, undertakings and obligations in relation to our investment offerings and solutions

This exclusive guarantee allows us to pass on to clients peace of mind and certainty, gained from the knowledge that a highly rated sovereign entity fully underwrites all our offerings.

It has helped us to build an AUD 18 billion, fully integrated precious metal enterprise with expansive operations that begin in our refinery, one of the largest and most efficient in the world.


Did you know that The Perth Mint refinery is relied upon to process the majority of Australia’s newly mined gold and more than 12% of the world’s annual production?

Or that it is accredited by all five of the world’s five major gold exchanges in London, New York, Shanghai, Tokyo and Dubai?


As well as manufacturing Australia’s official bullion coin program and a range of bars featuring our LBMA stamp, we’re continually developing new ways to combine the enduring appeal of precious metals with the convenience of technology.

In recent years we became the one of the first mints to facilitate online purchasing of retail investment products at live market prices.

For clients who prefer to hold precious metal within our network of high security vaults, the Depository Online initiative is a secure digital trading platform on which clients can buy and sell metal 24 hours a day, seven days a week.

With a new generation of predominantly younger investors in mind, our GoldPass smartphone app is now meeting demand for digital investments products. Offering the near-instant ability to buy, sell or transfer gold to other GoldPass users, the app’s digital certificates are an alternative to cryptocurrency investments.


In an exciting milestone, GoldPass now has over 10,000 registered account holders. Launched just a year ago, the secure trading app enables investors to buy, sell and transfer gold instantly at the touch of a screen.

Shared by our exchange-traded products including ASX-listed PMGOLD, these innovative solutions are not only covered by our government guarantee, but also come with the assurance that every client’s holding is 100%-backed by physical metal at all times - metal that can also be redeemed whenever it is required.

With the ability to offer these distinct solutions, The Perth Mint has attracted private investors, superannuation and pension funds, central banks and sovereign wealth funds – in total around 40,000 investment clients in more than 130 countries.

Paying heed to the issues raised by potential gold buyers, we are committed to building on this success through a combination of trust, quality and continuous development of solutions that meet the needs of a diverse clientele.



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Perth Mint reintroduces unallocated silver across its portfolio of investment products

Topics [ unallocated depository services depository online Buy and Store ]

The Perth Mint Depository is delighted to inform investors that it has reintroduced the popular option to buy and store silver on an ‘unallocated’ basis.

Part of Australia’s largest vertically integrated precious metals enterprise, The Perth Mint Depository specialises in precious metal investment solutions for those who do not wish to take physical delivery of bullion. Uniquely, it is the only government guaranteed investment and storage program in the world.

Depository clients can store their precious metal in a choice of allocated, pool allocated or unallocated format, each offering a range of specific benefits. Unallocated silver was withdrawn in 2011, however, over the past five years the Mint has invested considerably in new and improved world-class storage facilities which have enabled it to offer this popular product once again.


 

Perth Mint Depository Manager John Durham said, “Unallocated metal has always been popular among our clients. With considerable investment in new and improved world-class storage facilities, we’re now able to re-offer silver alongside gold and platinum to those looking for a totally secure unallocated storage option.”

Clients choosing unallocated buy into the Mint’s pool of working metal, used to facilitate day-to-day operations inside one of the world’s major refining and minting enterprises. Investors can rest assured that every client account is 100% backed by physical metal at all times.

The major attraction of unallocated metal is that clients pay no storage fees, and unlike allocated there are no product fabrication fees. The Western Australian government guarantee on all Perth Mint precious metals applies to unallocated, providing customers with the strongest and most effective reassurance available.

Clients are entitled to convert their holding to bars and coins for continued storage as allocated or collection, at any time.

Unallocated silver is now available to Perth Mint Depository Program (PMDP) account holders, and the fast growing number of Perth Mint Depository Online (PMDO) clients. Additionally, it is available through our global network of approved distributors via the Perth Mint Certificate Program (PMCP).

Testament to the long-standing confidence in The Perth Mint Depository, we manage more than $3 billion worth of investors’ metal on behalf of around 30,000 clients from over 100 countries.

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Perth Mint Puts Gold And Silver At Investors’ Fingertips

Topics [ store bullion silver bullion gold bullion buy silver bullion online buy gold bullion online Buy and Store ]

BULLION STORAGE

The Perth Mint has made investing in precious metals even easier with a secure online trading platform that offers investors the ability to buy and store with the Mint.

Providing trusted storage facilities, which are guaranteed by the Government of Western Australia, and with complete account privacy, investors are able to confidently transact with live pricing day or night, 7 days-a-week. The platform facilitates immediate manual market orders or automatic price-sensitive trades when an investor’s preferred metal price is reached.


 

“Offering the only government guaranteed investment and storage program in the world, The Perth Mint has deep connections in the global market, and has been providing a range of precious metal coins and bars for investors for more than 100 years,” said Perth Mint Manager, Analysis and Strategy, Bron Suchecki.

“We currently store some $2.7 billion worth of precious metals for more than 21,000 clients located in 105 countries, and we anticipate that these numbers will increase dramatically with our new online system now in place,” he added.

Investors can open an online depository account via perthmint.com/storage/open-account.html and start trading with just $50 per transaction. For the savvy investor under the age of 18 years, regular investments can be made into an account established on their behalf by a parent or legal guardian.

“Should events cause an investor to want to take delivery of physical product, they are able to obtain a globally accepted range of coins and bars that are manufactured at our minting and refining facilities located in Perth,” Mr Suchecki continued.

Investors are able to choose from the range of bullion storage options at The Perth Mint on perthmint.com/storage/ or purchase a variety of Australian bullion coins, minted and cast bars for delivery at perthmintbullion.com

As an industry leader, The Perth Mint also operates one of the largest accredited refineries in the world, processing more than $15 billion worth of conflict-free gold and silver annually. Therefore, investors can be assured that the metals they buy are obtained from trustworthy ethical sources.

For further details contact Perth Mint Depository on Toll Free 1300 651 465 (Australia), +61 8 9421 7250 (International) or pmds@perthmint.com.au



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