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You are invited to engage with senior representatives of The Perth Mint, including CEO Ed Harbuz, on The Perth Mint Bullion Blog. Use the comments section to post your views and/or questions in response to our regular articles, and join a vibrant community of people who share an interest in superb quality gold and silver bullion bars and coins.

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New Videos - How To Buy Gold And Silver Bullion

Topics [ store silver gold coins silver coins store gold buy silver buy gold ]

BULLION BARS AND COINS

How To Buy Gold And Silver Bullion, Part One (of Three)

Bron Suchecki, The Perth Mint’s Manager, Analysis and Strategy, presents a beginner’s guide to buying gold and silver bullion in this three-part series recorded at the 2010 ANDA Coin Show in Sydney. Bron begins with a brief look at why investors buy precious metals before discussing the benefits of bullion bars with some great advice on how to check the best brands.



How To Buy Gold And Silver Bullion, Part Two (of Three)

In the second instalment of his presentation at the 2010 Sydney ANDA Coin Show, The Perth Mint’s Bron Suchecki reviews what qualities you should consider when looking to buy gold and silver bullion coins for investment. Bron also clarifies some critical issues that every new precious metal investor needs to know about tax and GST.



How To Buy Gold And Silver Bullion, Part Three (of Three)

In this final episode from his presentation at the 2010 Sydney ANDA Coin Show, The Perth Mint’s Bron Suchecki discusses how to invest in gold and silver using Certificate Programs, Account-based services, and a choice of Stock Exchange-listed products. The three-part series wraps up with some excellent guidance on how to store your physical precious metals securely.



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Free Investor Seminars At Canberra Coin Show

BULLION BARS AND COINS

The Perth Mint and ANDA have organised a free seminar program at the upcoming AND A Coin, Note & Stamp Show in Canberra.

The event will be held on Saturday 6th and Sunday 7th November at Exhibition Park in Canberra (EPIC). Seminars occur on both days in the following order:

11:00am – The Role of Gold In An Investment Portfolio
Bryce Edwards, Marketing Manager of BULLIONMARK, will present an information session on the variety of ways you can buy precious metals.

12:00noon – Gold as Money
Mark van der Sluys, Chief Executive Officer of BULLIONMARK, will offer insights and answers on why gold should be included in an investment portfolio.

1:00pm – Trading Coins For Wealth
Andrew Crellin, Managing Director of Sterling & Currency will introduce his next book, ‘Trading Coins For Wealth’, which reveals how successful collectors approach their craft.

2:00pm – Investing In Rare Coins And Banknotes
Rob Jackman, Managing Director of The Rare Coin Company, will discuss the intricacies of investing in rare coins and banknotes.

Bonus attractions include a host of numismatic displays from dealers, the chance to win great door prizes, and The Perth Mint’s 1oz silver proof Coin Show Special.  With a mintage of just 2,500, the ‘Canberra’ coin will be reduced from it normal retail price of $95 to $80 exclusively for attendees.

Seminar attendance is free but general admission to the Show costs $10 for a day or $15 for both days.

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Statement On Mintages Of Perth Mint Bullion Coins

WORLD OF GOLD

For all those who have been asking about mintage figures for Perth Mint gold and silver bullion coins, accurate and up-to-date information can be downloaded here.

With the posting of these figures, I’d like to take the opportunity to remind you of our bullion strategy and clear up one or two misunderstandings that have arisen recently.

As you know, our bullion coins have a reputation for being the highest quality in the world.  We differentiate them from other mint’s products by changing the designs annually and in many cases limiting their availability by mintage.  These are numismatic qualities which we’ve found have given them appeal among some collectors.

Primarily, however, we regard them as bullion coins and market them as such.  Issued as Australian legal tender and backed by a Western Australian Government guarantee, we try and leave no stone unturned to provide investors with complete reassurance.

This also means that we aim to be scrupulously open and honest about how many we make. Despite what I’ve seen written on the web, let me make it clear that the Australian Lunar Series I is closed off - we have not made these coins since the launch of Series II in 2008.

I’d also like to point out that we reserve the right to sell older 1oz and 1 kilo silver Lunar Series II coins. This is stated clearly in our Silver Bullion Coin brochure*:

No mintage limit applies to 1 kilo (coins)… Production of 1 kilo coins will cease at the end of the series.

The Perth Mint will produce up to 300,000 1oz coins.  Production will cease when the mintage is fully sold or at the end of the series, whichever comes first.


If you have any questions based upon the official sales and mintage figures, I’d be happy to answer them in this forum.

(*2010 version. 2011 version will be posted in the next few weeks.) 

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A World Of Multiple Reserve Currencies

WHAT OTHERS ARE THINKING

An example of “gold blindness” from Barry Eichengreen, Professor at the University of California in his recent article on reserve currencies:

“… the view that there can be just one international and reserve currency at any point in time is inconsistent with history. Before 1914, there were three international currencies: the British pound, the French franc, and the German mark. The dollar and the pound then shared international primacy in the 1920’s and 1930’s.”

While there may have been many paper currencies, he ignores the fact that in times past the various versions of gold standard in operation meant that gold was in effect the underlying sole reserve currency.

He also has an interesting view of central bankers, stating that their “… reserve managers do not have the high-powered financial incentives of hedge fund managers to seek to maximize returns. … They have social responsibilities, and they know it.  This means that they have less incentive to herd – to buy or sell a currency just because everyone else is buying or selling it. They can adopt a longer time horizon, because, unlike private fund managers, they do not have to satisfy impatient investors. Compared to private investors, then, central-bank reserve managers are more likely to act as stabilizing speculators.”

Well, in respect to gold I think the documented switch by central banks in general from selling gold to buying it could be used to make a case that they are herding along with impatient investors. In fact, it would probably be more accurate to say they are following rather than herding, as central banks were selling all the way through gold’s 10-year bull market, only switching to net buying in 2009. Question is why the switch? For “social responsibility” reasons or as (un)stablising speculators?

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Two More Minted Bars In Tamper-Proof Packaging

Topics [ buy gold ]

BULLION BARS AND COINS

Kangaroo Minted Gold Bars weighing 50g and 100g can now be purchased on www.perthmintbullion.com. Including the 5g, 10g, 20g, 1oz and 10oz versions, there are now seven of these popular products available online.

The success of our 99.99% pure gold Kangaroo Minted Bars is being driven by their value-for-money and also special tamper-proof packaging. I really like the stylised kangaroo motifs as well.

With the packaging, each bar is blister-packed on a display card.  After dispatch from the Mint, if anyone pulls the card apart the clear blister turns ‘milky’ – an instant warning it has been tampered with.

50g minted gold bar

Cards are also serial numbered and feature the signature of The Perth Mint’s Chief Assayer.

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Further To My Post On ID Documents

WORLD OF GOLD

There is currently an interesting discussion on the popular forum Silver Stackers about ID documents required to trade on www.perthmintbullion.com.

Last week, I posted on this topic (Nothing To Fear From ID Requirements) in order to allay fears expressed by some of the contributors on the forum.

In the wake of continuing debate, we have amended our FAQ page. Instead of “The Perth Mint is obliged by law to establish the identity of all its bullion clients”, we now say “Under Australian law, The Perth Mint is required to be able to appropriately identify customers of bullion products”. This is entirely consistent with the form of words in our Terms and Conditions.

I also wish to point out that there has been a misunderstanding about the phrase “For sales of $5,000 or more, acceptable certified identification for each customer is required before contract can be initiated by The Perth Mint.” This statement appears on our corporate website in paragraph 1 of our Customer Selling Procedure (i.e. sales back to The Perth Mint) and is therefore quoted out of context on Silver Stackers.

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