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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Depository Online celebrates two tonne milestone

Topics [ depository online ]

The Perth Mint’s Depository Online (DOL) achieved a milestone today as gold held within the platform exceeded two tonnes for the first time in its history.

Depository Manager John Durham said the achievement represented a tremendous vote of confidence in the program, which has been operating for just over two years.

“DOL has been growing since its inception because of the easily accessible solutions for different types of investors,” John said.

“It puts precious metals transactions within easy reach of people who want to manage their own portfolio.

“There’s also the optional savings plan, which is very popular for those who want to ‘set and forget’ but still grow their investment.”

And, of course, The Perth Mint's unique government guarantee on every ounce of precious metal secured provides peace of mind for investors who choose to own physical metal without taking delivery.



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Secure precious metals investment and storage with The Perth Mint

Topics [ gold depository PMDO Perth Mint Depository depository online ]

The Perth Mint Depository was created in 1994 to enable clients to invest in precious metals without the need to take physical delivery. For almost a quarter of a century, our depository has offered the only government guaranteed investment and storage program in the world.  Located in the safe geopolitical environment of Western Australia and operating the most extensive network of central bank grade vaults in the southern hemisphere, we are a true safe haven for precious metals storage solutions.

Our precious metal storage solutions are designed to satisfy the particular investment needs of our broad range of customers. As a Perth Mint Depository client you will enjoy the following benefits:

    • Security of the world’s only government guaranteed precious metals storage program  
    • Surety that every ounce invested is backed with physical precious metals 
    • Convenience of trading in either AUD or USD  
    • Choice of precious metals storage:
       • allocated gold and silver 
       • pool allocated silver 
       • unallocated gold, silver and platinum
    •  Ability to convert from unallocated and pool allocated metal to allocated bars and coins at any time      
    • Flexibility to take physical delivery of your precious metals upon request  
    • Transaction confidentiality provided by secure administration and trading procedures  
    • Peace of mind that your assets are secured in the most extensive network of central bank grade vaults in the southern hemisphere

Perth Mint Depository Online (PMDO) is the easiest way to manage your investments 


PMDO allows you to buy and sell precious metals directly via our secure digital trading portal 24 hours a day, 7 days a week. This option suits investors who wish to react quickly to the dynamic precious metals markets. 

Our mobile friendly portal means you can access live pricing, review your portfolio and buy and sell precious metal anytime, anywhere. With a minimum transaction amount of AUD 50, trading in precious metals has never been easier or more accessible.  

Getting started is simple and you can rest assured that your precious metals portfolio is in trusted hands. The platform is underpinned by 128 SSL encryption and the highest levels of security to protect your investments.  

Start your precious metals savings plan today


As a PMDO customer you have the option to set up an automatic savings plan and start building your precious metal wealth from just AUD 50 per month (up to AUD 5,000). Our savings plan allows you to purchase gold and silver on a monthly basis, with a discount of 50% off the applicable transaction fee. 

Savings plan transfers will be actioned on the first working day of each month and will be funded using the available cash in your PMDO account. 

For more information on PMDO and to find out how you can start investing with The Perth Mint today visit perthmint.com/storage.


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Making precious metal investing accessible to all

Topics [ depository online ]

Do you like the idea of accumulating gold and silver as a nest egg for the future, or perhaps as an heirloom for the next generation?

If the answer is yes but you don’t know where to start, think it might be unaffordable, or are fearful about storing precious metal at home, we have practical solutions to each of these reservations.

The government owned Perth Mint is a global leader in precious metal refining, coin and bar production, and secure storage for investors who do not wish to take physical delivery of their gold and silver purchases. Accredited by the world’s leading metal exchanges and offering clients a unique government guarantee, the Mint has a reputation built on more than a century of refining and minting excellence.

As well as servicing financial institutions and professionals, we also make it easy and affordable for everyday ‘mum and dad’ investors to purchase and safely store gold and silver. Did you know that our depository stores more than AUD 3 billion worth of precious metal on behalf of 30,000 clients from all walks of life?


 

By opening an account with our Depository Online (PMDO) service, you can start acquiring gold and silver from the convenience of your own PC. Transactions begin at only AUD 50, enabling you to build a metal holding without ever having to break the bank! Because you’re buying from the internationally respected Perth Mint, you can be absolutely certain that every ounce of gold or silver you own is 100% backed by physical metal in our state-of-the-art vault, the biggest in the Southern Hemisphere.

The PMDO platform has been carefully designed to be remarkably simple to operate. Once your identity has been confirmed and your account is operational, you can login 24/7 to buy more metal, sell your existing pool, or simply check the current market value of your investment. There are plenty of other helpful tools and alerts that over time you may wish to take advantage of, including a handy saving plan which can be used to automate regular transactions.

To join thousands of ordinary investors who have chosen Depository Online as a convenient, cost-effective and trusted way to build wealth or diversify their assets with precious metals, click here to open an account.

Need more information?

Continue your research about The Perth Mint beginning with the following explanatory articles, or visit the FAQ page on our website.

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

- The Perth Mint provides unique reassurances for precious metals storage clients

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

- Understanding the benefits of Allocated, Pool Allocated and Unallocated precious metals storage

- Perth Mint reintroduces unallocated silver across its portfolio of investment products

- Depository savings plan makes accumulating gold and silver easy

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Where is it safe to store my precious metal investments?

Topics [ depository gold investment depository online ]

Do you want to invest in physical precious metal without the security risk of storing it at home?

The historic Perth Mint's depository was created in the 1990s to enable clients to invest in gold and silver without the need to take physical delivery.

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.

Today, our depository 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.

For depository clients who would like to be able to react quickly 24 hours a day to the dynamic precious metals markets, you can buy and sell gold and silver through our easy to use and secure online trading platform, Perth Mint Depository Online.



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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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