In the third quarter of 2015, demand for bars and coins sky-rocketed as global investors were eager to grab a bargain whilst metal prices remained low.
This phenomenal surge didn’t go unnoticed at The Perth Mint, with more than 2.7 million of its new Australian Kangaroo 1oz silver bullion coins selling out in record time ahead of its official launch in September.
In contrast to the interest in coins, Exchange Trade Fund (ETF) gold holdings declined during the quarter, reflecting their predominately professional investor ownership. Silver ETF holdings, however, held up, which is a result of their mostly retail ownership.
In the case of The Perth Mint’s Depository, in-house analysts have noted that clients are maintaining their investments even as gold and silver prices decline, as they are sceptical that the global economic environment will continue to improve. However, there has been a reduction in new investors opening accounts and buying.
To encourage new investors to buy precious metals, The Perth Mint has officially launched an innovative and easy-to-use online trading platform which offers a secure way to ‘buy and store’ with the Mint.
Providing trusted storage facilities, which are guaranteed by the Government of Western Australia, and complete account privacy, investors are able to confidently transact with live pricing day or night, 7 days-a-week. The platform facilitates immediate manual market orders or automatic price-sensitive trades when an investor’s preferred metal price is reached.
“Offering the only government guaranteed investment and storage program in the world, The Perth Mint has deep connections in the global market, and has been providing a range of precious metal coins and bars for investors for more than 100 years,” said Perth Mint Manager, Analysis and Strategy, Bron Suchecki.
“We currently store some $2.7 billion worth of precious metals for more than 21,000 clients located in 105 countries, and we anticipate that these numbers will increase dramatically with our new online system now in place,” he added.
Investors can open an online depository account via www.perthmint.com/storage/open-account.html with as little as $50 or as much as $50 million. For the savvy investor under the age of 18 years, an account can be established on their behalf by a parent or legal guardian.
“Should events cause an investor to want to take delivery of physical product, they are able to obtain a globally accepted range of coins and bars that are manufactured at our minting and refining facilities located in Perth,” Mr Suchecki continued.
Investors are able to choose from the range of bullion storage options at The Perth Mint on www.perthmint.com/storage/ or purchase a variety of Australian bullion coins, minted and cast bars for delivery at www.perthmintbullion.com
As an industry leader, The Perth Mint also operates one of the largest accredited refineries in the world, processing more than $15 billion worth of conflict-free gold and silver annually. Therefore, investors can be sure that the metals they buy are obtained from trustworthy ethical sources.
For further details contact Perth Mint Depository on Toll Free 1300 651 465 (Australia), +61 8 9421 7250 (International) or pmds@perthmint.com.au