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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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Perth Mint Gold holdings October 2020

Topics [ PMGold ]

Holdings of Perth Mint Gold (ASX:PMGOLD) continued to rise in October 2020, increasing by more than 2,000 ounces for the month. The product ended the month with holdings of 233,387 ounces (7.26 tonnes). 

Monthly flows into PMGOLD can be seen in the chart below, with holdings increasing by almost 75% in the first 10 months of 2020. 

Monthly change in ounces held: Perth Mint Gold (ASX:PMGOLD)
August 2017 to October 2020

Source: The Perth Mint, ASX, Reuters

The growth in the product seen in 2020 continues a strong period of demand for PMGOLD that dates back to September 2018, with total holdings increasing by more than 175% over this more than two-year period.

PMGOLD holdings finished September 2020 with a value of more than AUD 621 million, based on a last traded price of 26.62 per unit on the ASX on 30 October 2020. 

To learn more about investing in PMGOLD, simply download our PMGOLD Factsheet.

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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 Gold (ticker: PMGOLD) hits four tonnes in holdings

Topics [ PMGold Perth Mint Gold ]

This year has been a prosperous time for gold investors, with prices rising by almost 30% in the 12 months to end October 2019. The price also topped AUD 2,000 per troy ounce for the first time ever.

The increase in the gold price, which has been driven by multiple factors including three interest rate cuts by the Reserve Bank of Australia, has led to a notable rise in demand for gold across The Perth Mint’s range of investment products.

This includes The Perth Mint’s ASX listed gold product, ticker: PMGOLD. On Monday 4 November, PMGOLD reached 4 tonnes in total gold holdings, with the market value of the product now in excess of AUD 275 million. This is a direct result of the huge inflows we’ve seen into the product this year and the rise in the gold price.

Designed to track the price of gold in Australian dollars, PMGOLD can be bought and sold like a regular share, which makes it highly accessible to any Australian investor with a brokerage account. Each unit of PMGOLD represents 1/100th of a troy ounce of gold, with the physical gold which backs the product stored at The Perth Mint.

Unique in the market, PMGOLD offers a number of features making it particularly attractive to Australian investors. These include:

 • A management fee of only 0.15%, making it the lowest cost gold product on the ASX;

 • A government guarantee on the gold backing each unit, making it a trusted investment option; and

 • A redemption process whereby investments in PMGOLD may be exchanged for physical Perth Mint gold products such as bars and coins, which are deliverable upon request anywhere in Australia.

If you already trade shares, PMGOLD is a very easy way to incorporate gold into your portfolio. You can find out more about PMGOLD by downloading the latest fact sheet here.

Perth Mint research makes case for gold

Supporting the case for precious metal investment today is the historical outperformance of gold in low real interest rate environments.

Exclusive research conducted by The Perth Mint, which looks at the performance of various Australian asset classes between 1971 and 2018 found that gold outperformed both stocks and bonds in years where real interest rates were 2% or lower, with an annual average return of just over 20%.

These findings are highly relevant for all Australian investors given real interest rates are already negative today, with yields on longer term government bonds indicating we may be in low interest rate environment for at least another decade.

You can read this research in full here


Past performance does not guarantee future results. The information in this article and the links provided are for general information only and should not be taken as constituting professional advice from The Perth Mint. The Perth Mint is not a financial adviser. You should consider seeking independent financial advice to check how the information in this article relates to your unique circumstances. All data, including prices, quotes, valuations and statistics included have been obtained from sources The Perth Mint deems to be reliable, but we do not guarantee their accuracy or completeness. The Perth Mint is not liable for any loss caused, whether due to negligence or otherwise, arising from the use of, or reliance on, the information provided directly or indirectly, by use of this article.

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