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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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SMSF trustees go for gold

Topics [ SMSF ]

The Perth Mint was proud to participate in last week’s SMSF Association National Conference in Melbourne. The conference hosted more than 1,600 attendees, the vast majority of whom are service providers to the AUD700 billion and growing SMSF industry, including financial planners, accountants and auditors.

Throughout the three-day event there was huge interest in The Perth Mint’s range of investment products, from our depository solutions to traditional physical bars and coins, and the smartphone app GoldPass®. Using the latest technology, GoldPass® allows investors to securely trade, transfer and store physical gold via digital certificates.

There were also a lot of inquiries regarding our listed investment offerings. These include our ASX listed product PMGOLD, which has been trading since 2003, and our recently launched physical gold ETF, ticker code AAAU, which trades on the New York Stock Exchange.

For those interested to learn more about our investment solutions, this recently published blog covers the many ways in which The Perth Mint meets the diverse needs of the world’s bullion investors: How to buy gold: simple, safe and secure options available at The Perth Mint

From our discussions with the many financial intermediaries and direct investors who visited our booth over the course of the conference, it became clear there are three primary factors driving the increased interest from SMSF trustees in gold, silver and precious metals more generally: 

 • Increased stock market volatility. The Q4 2018 sell off in equity markets helped drive safe haven demand for precious metals, with USD and AUD gold prices now back above USD1,300oz and AUD1,800oz respectively; 

 • Continued concerns regarding a potential decline in the AUD. This has fallen from USD0.78 to USD0.72 in the past year. Any further falls will boost the price of gold denominated in AUD. 

 • The potential for interest rates in Australia to move lower in 2019 and beyond. Up until late last year, market pricing suggested the next move in domestic interest rates was likely to be an increase. The situation today is not so clear given volatility in financial markets, decelerating growth rates across the globe and a more cautious tone from some of the most influential central banks, including the Federal Reserve. All of these issues are impacting on the outlook for monetary policy in Australia. Indeed markets are now pricing in at least one more interest rate cut from the RBA, with expectations that the cash rate will decline to 1.25% by next February. 

Should domestic interest rates be cut, and should this occur alongside a decline in the value of the AUD with a continued period of heightened stock market volatility, the outlook for gold, in terms of its price and demand for physical bullion, is bright. 

This is due to the fact that gold is the one asset which typically outperforms other investments when the value in equity markets falls. It has a long history of strong returns whenever real cash rates are low due to the reduced opportunity cost of holding a non-income bearing asset. 

Coupled with its tangibility and its high liquidity, the attributes outlined above help explain why gold can play a vital role in any diversified portfolio, including those of the one million plus Australians who manage their superannuation through a SMSF. 

Until next time…

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Perth Mint appoints acclaimed economist

The Perth Mint has appointed highly respected economist Jordan Eliseo to help generate greater awareness and drive sales of its investment products across Australia and internationally.

In his new role as Senior Investment Manager, Mr Eliseo has joined the Mint’s specialist investment team to develop and promote its suite of traditional precious metals investment options, listed products and digital trading platforms.

“We are delighted to welcome Jordan as he will be of great value to The Perth Mint as we continue on our journey to be the market leader in the global precious metals industry,” Perth Mint Chief Executive Officer, Richard Hayes said.

Mr Eliseo brings more than two decades of experience in precious metals and financial markets to The Perth Mint. Since commencing his career with BT Financial Group, and having worked for financial services organisations including JP Morgan, Deutsche Bank and Cazenove Capital, he has gained expert knowledge in portfolio construction, risk modelling, investment research and analytics, and cultivated relationships with a broad network of industry stakeholders.

“I pride myself on being a thought leader on gold, so I am thrilled to have the opportunity to work for Australia’s largest and most internationally renowned precious metals business,” Mr Eliseo said.

“I am looking forward to being able to offer high net worth investors, financial advisors, super funds and self-managed super fund trustees the Mint’s unique investment solutions so they may diversify their wealth with the unparalleled security that the organisation offers.

“Gold plays an important role in any portfolio. It is the one asset which typically outperforms all others when the value in equity markets fall, and it is a tangible and trusted commodity that has sparked the interest of millennials looking to build their savings,” he continued.

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How to buy gold: simple, safe and secure options available at The Perth Mint

Topics [ how to buy gold investment invest in bullion invest in gold ]

Interest in precious metals investing is growing once again.

A decade ago, the global financial crisis helped popularise gold as a go-to asset in times of economic crisis. Now, with serious talk about the possibility of a potential downturn in international economic growth, many people are again considering gold as a ‘safe haven’ investment with the power to preserve wealth.

Reflecting the way in which gold is becoming more mainstream, small investors account for a large percentage of the mounting inquiries we’re receiving at The Perth Mint.

To cater for our diverse clients, we offer an extensive range of traditional and contemporary products and services suitable for private investors through to sovereign wealth funds. As a result, we not only offer world renowned coins and bars for delivery, but also depository services via our online portal, exchange traded products and even a handy smartphone trading app.

Below is a more detailed look at our solutions:

Online Trading Portal

Perth Mint Depository provides a 24/7 online trading portal with live pricing for investors to buy, store and sell gold, silver and platinum.

Online Depository Account holders have the choice of a range of storage solutions offering different pricing structures.

Additionally, Depository Online includes a monthly savings plan for accumulating precious metals over time with a minimum contribution of only AUD 50 per month.


Modelled on a traditional service with personalised contact, the Depository Program is tailored to investors who wish to operate their account by telephone or email.

As a Depository Program Account holder, you communicate directly with our in-house traders who provide live pricing and instant confirmation of trades.

This account also offers several storage solutions in gold, silver and platinum.

Share Trading Accounts

Trading on the Australian Securities Exchange (ASX) under the code PMGOLD, Perth Mint Gold is a fully paid warrant on 1/100th of a troy ounce of physical gold.

Able to be accessed through a standard Australian share trading account, PMGOLD is structured to track the international spot price of gold in Australian dollars.

Trading on the New York Stock Exchange (NYSE), AAAU is unique in the marketplace as it is the first gold ETF to have the precious metal held on behalf of investors guaranteed by a sovereign entity.

Designed to track the international price of gold in US dollars, it is available to Australian investors through an international share trading account.

Mobile App

GoldPass® is a full-service investment app that allows users to buy, store, sell and transfer physical gold via a 24/7 trading platform on their smartphone.

The physical gold backing each investor’s GoldPass® holdings is represented in the form of digital certificates within the app.

Buy and Store Independently

For investors who wish to store physical precious metals themselves, our bullion range comprises:

 •  Gold and silver minted bars
 •  Gold and silver cast bars
 •  Gold, silver and platinum bullion coins

Bullion products can be ordered online or by phone for secure delivery to an approved location of the investor’s choice. Alternatively they can be purchased over the counter in our Bullion Trading Room.

Why The Perth Mint?

The Perth Mint is a global leader in precious metals. We process more than 90% of Australia’s and approximately 10% of the world’s newly mined gold, distributing precious metals worth more than AUD 18 billion annually throughout 130 countries.

We are the sole manufacturer of the official Australian Bullion Coin Program and make bullion bars at our refinery, one of only a few global precious metal facilities accredited by all five of the world’s major gold exchanges: London Bullion Market Association (LBMA), New York Commodities Exchange (COMEX), Shanghai Gold Exchange (SGE), Tokyo Commodities Exchange (TOCOM), and the Dubai Multi Commodities Centre (DMCC).

Importantly, investors who choose any of our products do so with the knowledge that their underlying physical holding is guaranteed by our sole owner, the Government of Western Australia, under the Gold Corporation Act 1987.

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Monthly Sales – January 2019

Total ounces of gold and silver sold by The Perth Mint in January 2019 as coins and minted bars:

  - Gold (Au): 31,189 oz

  - Silver (Ag): 828,854 oz

NB This chart shows total monthly ounces of gold and silver shipped as minted products by The Perth Mint to wholesale and retail customers worldwide. It excludes sales of cast bars and other Group activities including sales of allocated/unallocated precious metal for storage by the Depository.

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Investment coin demand stronger in 2018 as central bank buying boosts global gold demand

Topics [ gold investing ]

Research by the World Gold Council (WGC) shows retail gold investors regained their appetite for official coins in 2018. While demand for gold bars remained stable at 781.6 tonnes for the year, annual coin demand surged 26% to 236 tonnes, its highest since 2013.

The WGC said demand was boosted by the fall in gold prices across most currencies and heightened equity market volatility during the second half of the year, with buyers from Iran and South Africa notably active in the market.

Gold-backed exchange traded funds (ETFs) experienced strong inflows in Q4 in an otherwise lacklustre performance. Annually, inflows reached 69 tonnes, 67% lower than in 2017. Nevertheless, the total value of all gold ETF holdings finished the year above $100 billion for the first time since 2012, the WGC said.

Total global demand gained 4% to 4,345.1 tonnes on the back of soaring gold purchases by central banks, it reported. Up 74% on 2017 at 651.5 tonnes, net purchases reached their highest level since 1971 with Russia, Turkey and Kazakhstan leading a growing number of central banks buying gold.

Annual jewellery demand was virtually unmoved with consumption down just 1 tonne from 2017.

For the full picture, read the World Gold Council’s Gold Demand Trends Full Year & Q4 2018.

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Dragon returns in new form on bar-shaped bullion coins

Topics [ silver bullion coins gold bullion coins Dragon ]

A stunning follow up to last year’s innovative rectangle-shaped Dragon bullion coins are released today.

Featuring a new artistic interpretation of the legendary Chinese dragon, an auspicious symbol of power, strength, wealth and good fortune, the 2019 releases are struck from 1oz of 99.99% pure gold and 1oz of 99.99% pure silver.

The mythical creature’s serpentine body shape is portrayed alongside a luminous or flaming pearl, a symbol of wisdom and enlightenment, on a background featuring cloud motifs which allude to the benevolent Dragon’s power over weather and water.

The reverse design also incorporates a micro-engraved letter ‘P’ within one of the dragon’s claws. Only visible through a magnifying glass, this authentication feature is intended to make counterfeiting extremely difficult.

Each coin, which is issued as Australian legal tender, depicts the Jody Clark effigy of Her Majesty Queen Elizabeth II on the obverse.

For the investor who appreciates superb quality design on limited releases, no more than 20,000 gold coins and 250,000 silver coins will be issued.

Available now

The Dragon 2019 1oz Gold Bullion Coin is housed in a protective acrylic capsule.

The Dragon 2019 1oz Silver Bullion Coin is presented individually in a protective clear plastic pouch and in convenient tubes of 20 coins. A monster box containing 10 tubes (200 coins) is also available.

Registered bullion clients are invited to place orders at perthmintbullion.com.

Other buyers should visit The Perth Mint’s Bullion Trading Desk at 310 Hay Street in East Perth, or contact us by telephone on 1300 201 112 (Australia) / +61 8 9421 7218 (International).

Alternatively, these new Dragon coins can be purchased from our network of authorised distributors.

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