Buyers and sellers of precious metals welcome greater transparency.
The London Bullion Market
Association (LBMA) and the London Precious Metals Clearing Limited (LPMCL)
have just begun releasing data on gold and silver inventories in London
vaults.
Until last week no one knew exactly how much precious metal was stored in the
British capital’s vaults.
The vaulting statistics, which are released on a three month lagged basis,
will be enhanced by more detailed trade reporting at an as yet unspecified
date.
What we know now is that at the end of March about 7,449 tonnes or 239.49 moz
of gold, and about 32,078 tonnes or 1,031.32 moz of silver, were sitting in
London vaults.
That is the equivalent of almost 600,000 gold bars and 1.03 million bars
of silver worth more than USD 300 billion and USD 17 billion, respectively,
according to UBS Global Research.
The data has been widely
welcomed by investors who want more knowledge about tangible gold and silver
stocks compared with investor positioning and the enormous ‘paper trade’
volumes generated each day in the London precious metals markets.
Precious metals are recognised as an essential element of a diversified
investment portfolio, helping investors protect their wealth against fluctuations
in the value of other asset classes.
Many investors across the globe also like the additional surety of knowing
every ounce of precious metal they buy is backed by physical product.
For these investors, The Perth Mint has been offering the security of the
world’s only government guaranteed precious metals storage program since
1994.
Our program comes with the ability to take physical delivery of your precious
metals upon request.
Meanwhile your assets are secured in the most extensive network of central
bank grade vaults in the southern hemisphere.
We now offer four investment
solutions to more than 30,000 investors in over 130 countries:
1. Perth Mint Depository Online (PMDO)
With a minimum transaction amount of AUD 50 and 24/7
access to our secure, mobile friendly trading portal, the PMDO makes
investing in precious metals easy and accessible.
There is an easy three step process to open your account and the platform is
underpinned by the highest levels of security.
As a PMDO customer you also have the option to set up an automatic savings
plan and build your precious metal wealth from just AUD 50 per month.
If you have been thinking about buying bullion but are not quite yet ready,
you can activate an account and keep it open free of charge. It’s then ready
to use as soon as you want to start your precious metals investment.
2. Perth Mint Depository Program (PMDP)
Modelled on a traditional brokerage style service, PMDP offers direct access
to our experienced bullion dealers who can provide a competitive live spot
price to buy or sell precious metals. You will receive a trade confirmation
immediately upon execution by email or mail.
3. Perth Mint Certificate Program (PMCP)
PMCP is available through our global network of authorised distributors and
offers precious metals stored within our secure vaults. You will be issued
with a uniquely numbered Precious Metal Certificate in your name confirming
your legal title to a specific amount of precious metal.
4. Perth Mint Gold ASX Warrant (PMG)
PMG is a right to gold created by The Perth Mint to enable you to invest in
the precious metal on the Australian Securities Exchange (ASX) through a
stockbroking account. PMG is structured as a fully paid call option to
1/100th of a troy ounce of physical gold which can be exercised by you at any
time. This is the only ASX gold product that can be redeemed for physical
Perth Mint bullion coins or bars.
Other benefits of investing with us include:
• Choice
of storage solutions:
- allocated gold and silver
- pool allocated silver
- unallocated gold, silver and platinum
• Transaction
confidentiality provided by secure administration and trading procedures.
For over a century, The Perth Mint has been trusted to produce the highest
purity gold and silver bullion, and create some of the finest coins and bars
ever minted.
This makes our products ideal for investors wanting to
build wealth through physical gold and silver.
No matter the size of your investment, we provide the highest security and
flexible access to your precious metals.
Visit perthmint.com.au/invest
or call (61 8) 9221 7222 for more information.
