Viewing entries tagged
gold investing
The Perth Mint has announced a ground-breaking public Q & A series with Australian entrepreneur Mark Bouris, to demystify the world of gold investing.
‘Searching for Gold with Mark Bouris’ is an exclusive joint venture with The Perth Mint and Mr Bouris, who will lead the public on the search for the answer to the question ‘why invest in gold?’.
Gold shone bright at this year’s Diggers & Dealers Mining Forum as 1,900 delegates converged in Kalgoorlie, marking its first time without visitors from overseas and interstate.
Relive the golden highlights from the 29th year of the Diggers & Dealers Mining Forum.
The Deloitte WA Index’s gold report is a tale of two decades, covering gold’s transition from Y2K to the COVID-19 pandemic and everything in between.
Discover how the same asset that was used to support various monetary systems around the globe in the 20th century remains a key element in today’s economic tapestry, with its intrinsic value and ability to weather market declines, rising inflation and depreciation of currency.
ABC Refinery is now accredited by the CME Group for its premier gold product, the COMEX ‘GC’ gold futures contract, and sees ABC Refinery bars added to the COMEX good delivery list of brands used to physically settle against the GC gold futures contract in New York.
ABC Refinery is the refining division of the Pallion Group and have been involved in the refining and processing of precious metals in Australia since 1951.
Global leader in precious metals The Perth Mint has joined with leading-edge technology specialists Security Matters Ltd to develop the world’s first mine to market ethical gold supply chain assurance solution.
Titled trueGold, the initiative will lead the commercialisation of a worldwide integrity application for gold mining companies, refiners, vault operators, depositories, mints, wholesalers and retailers.
InfiniGold have announced the launch of the Perth Mint Gold Token (PMGT), the first digital gold token on a public blockchain to be backed by government guaranteed gold.
The Perth Mint Gold Token (PMGT) is a digital token backed 1:1 by GoldPass™ certificates issued by The Perth Mint - the world’s largest refiner of newly-mined gold which is guaranteed by the highly rated sovereign entity, the Government of Western Australia.
Australia’s gold exports are forecast to hit a record high of AUD $25 billion in 2019-20 according to the Department of Industry, Innovation and Science’s September edition of Resources and Energy Quarterly (REQ).
The September REQ shows Australia remains the world’s second largest producer of gold, with production increasing by 6.3% in FY 2018–19 to 321 tonnes, equating to 9% of the world’s total supply in 2018.
This year’s Diggers & Dealers was as good as gold as 2450 delegates descended on Kalgoorlie for mining’s biggest industry event.
Former Australian Prime Minister John Howard was a hit, gold shone throughout the three day program with GIG Directors Andrea Maxey and Stuart Tonkin taking to the stage, a focus on the image of mining created much discussion at our popular breakfast event with Deloitte, and Northern Star Resources claimed dealer of the year.
The Perth Mint has unveiled Australia’s greatest gold icon in New York City for a rare one day event to celebrate the official launch of The Perth Mint Physical Gold Exchange Traded Fund (NYSE Arca: AAAU) on the New York Stock Exchange.
The one-of-a-kind Australian Kangaroo One Tonne Gold Coin is recognised by Guinness World Records as the largest coin ever created. Tipping the scales at 1,000kg of 99.99% pure gold, and measuring 80cm wide and 13cm deep, this masterpiece of precious metal engineering and craftsmanship is valued at more than AUD60million
Attracting the who’s who among the globe’s greatest precious metals investors, Western Australia – which accounts for more than 70% of Australia’s overall gold production - has cemented itself as a major destination to explore and mine for the famous yellow metal.
With this in mind, Australia’s largest precious metal event, The Precious Metal Investment Symposium (PMIS), has this year pulled up stumps and relocated from Sydney to WA’s capital and world-renowned mining hub, Perth.
This month marks the 10 year anniversary since Lehman Brothers, one of the highest profile casualties of the Global Financial Crisis (GFC), went bankrupt in the United States.
We spoke to Gold Industry Group Company Secretary Bron Suchecki, who was working at The Perth Mint at the time, and ABC Bullion Chief Economist Jordan Eliseo, about their memories from that time period.
The Perth Mint recently launched the Perth Mint Physical Gold ETF (NYSE Arca: AAAU), the first exchange-traded fund with sovereign-backed gold trading on the New York Stock Exchange (NYSE).
AAAU is guaranteed by the Government of Western Australia, with shares exchangeable for delivery of a wide range of gold products.
The value of a gold miner is based on the gold price but provides the investor with the opportunity to achieve a return in excess of the rise in the price of gold.
Recent investor articles have focused on investment in gold, be it physical or other products liked to the gold price. Those looking for exposure to gold prices can also invest in the producers of the gold itself.
When you are thinking of buying gold the first thing you should consider is where you are going to store your gold, as it affects what form of gold you may buy as well as who to buy it from.
There are three main ways to store gold.
In the last big bull market in gold in the 1970s, buying gold was straightforward with only a few options to choose from.
Today, investors are spoilt for choice, making the decision a lot more complex and confusing.
The gold industry is very particular when it comes to measuring gold, which is not surprising considering how valuable it is relative to its size.
While many countries moved to metric system, the precious metals industry globally continued to use the historic troy ounce as its basic unit of measure. If you think it is an unfair advantage for countries that didn’t change, like the USA, you would be wrong as a troy ounce is not the same as an ounce – is it actually heavier. It is its own unique measurement unit.
