Viewing entries tagged
investing

Perth Mint expands Chinese market for Australian gold

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Perth Mint expands Chinese market for Australian gold

The Perth Mint has expanded the market for Australian gold in China with its recent appointment as an International member of Shanghai Gold Exchange (SGE).

As an International member of SGE, The Perth Mint would now also gain access to an extensive network of gold distributors trading directly on the SGE platform throughout China.

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Perth Mint gold app gives investors midas touch

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Perth Mint gold app gives investors midas touch

The Perth Mint has launched an exciting new smartphone app – GoldPass™ – during the opening day of Precious Metals Investment Symposium 2018.

At the touch of a smartphone screen, GoldPass™ gives retail investors the unique ability to securely buy, store and sell gold via digital certificates. The app also allows the instantaneous transfer of gold to other approved GoldPass™ app users.

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World’s greatest gold investors to descend on Perth for Precious Metals Event

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World’s greatest gold investors to descend on Perth for Precious Metals Event

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.

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Inside the GFC: Q & A with Bron & Jordan 10 Years On

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Inside the GFC: Q & A with Bron & Jordan 10 Years On

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.

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Taking Australian gold to wall street

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Taking Australian gold to wall street

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.

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Investing for a brighter future

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Investing for a brighter future

Presenting to a crowd of 500 West Australian Mining Club members in May, Stuart Tonkin, Chief Executive Officer Northern Star Resources, began by ensuring their view of the gold industry’s future was seen through rose-coloured glasses.

As CEO of one of Australia’s largest gold producers and a Director on the Gold Industry Group Board, Stuart said future proofing the gold sector through investment in exploration was key to staying steady and maintaining current production levels. 

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ABC Refinery gains Shanghai Gold Exchange accreditation

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ABC Refinery gains Shanghai Gold Exchange accreditation

ABC Refinery is now officially accredited by the Shanghai Gold Exchange (SGE), making it one of only seven international companies who can sell gold into the world’s top gold consuming nation.

A crucial network for trading gold in China, all official gold sales within China must occur through the SGE making it the primary gateway into the world’s largest gold market worth over A$341 billion annually. 

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InfiniGold launches digital gold with The Perth Mint

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InfiniGold launches digital gold with The Perth Mint

In collaboration with The Perth Mint, InfiniGold has released the latest innovation in gold investment – a flexible digital gold product compatible with a wide range of technology platforms including blockchain.

InfiniGold digital gold certificates offer institutions the opportunity to present investors with a new, secure and easy way to trade, hold and transfer physical gold. 

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Bitcoin: Digital or Fools Gold?

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Bitcoin: Digital or Fools Gold?

Ask most people that work in finance what they think about Bitcoin, and the likely response will be; “it’s a bubble”.

Google certainly seems to think so too, with “Bitcoin is a Bubble” returning 31,800,000 results, proof of how many times people have, incorrectly so far, called a top in the price of the world’s most famous cryptocurrency.

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Market Update: Gold and Bitcoin

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Market Update: Gold and Bitcoin

Given the incredible rally in the price of Bitcoin (BTC), and other crypto-currencies like Etherium this year, there has been no shortage of interest in this space, with precious metal investors asking whether or not BTC is basically a digital version of gold and silver or not.

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Gold Investor Series: 3rd reason to invest in gold

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Gold Investor Series: 3rd reason to invest in gold

When we talk about the correlation in prices for assets traded in financial markets we are referring to how closely those prices mimic each other.

Highly correlated assets tend to move in the same direction most of the time. A good example is the shares in our four major banks, which tend to move in unison most days, unless there is some news (either good or bad) that only affects one of the companies.

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Gold Fields focus on growth

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Gold Fields focus on growth

Gold Fields' Nick Holland recently took the stage at the Sydney Mining Club to give an insight into the gold miner’s growth profile and significant investments in Australia.

Being a traditional banking and finance hub, Sydney offers a fertile field of institutional investment firms open to one-on-one meetings with reputable executives spruiking quality projects while they are in town.

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  Gold Investor Series: Why invest in gold?

Gold Investor Series: Why invest in gold?

What are the eight key reasons why Australian investors should look at investing in physical gold as part of their investment portfolio? Here is the first.

Reason 1. Gold has demonstrated strong long-term returns in its own right.

Gold Industry Group Chairman to headline Precious Metals Investment Symposium

Gold Industry Group Chairman to headline Precious Metals Investment Symposium

Gold Industry Group Chairman and Perth Mint Chief Executive Officer Richard Hayes, a precious metals industry expert, will headline a key group of speakers at the 7th Annual Precious Metals Investment Symposium, being held in Sydney in October.

A thought leader on the global precious metals market, Mr Hayes will share his knowledge and unique insights into the industry at the two-day event. He will also discuss the ‘case for gold’ and investing long-term in precious metals to build wealth and reduce risk.

Gold Investor Series: Which brands can you trust when buying gold?

Gold Investor Series: Which brands can you trust when buying gold?

When buying gold how do you know which brands to trust? How can you ensure you don’t get short changed on weight or purity?

Last month, Jordan Eliseo discussed the London Bullion Market Association (LBMA) accreditation process. While the LBMA’s “good delivery” only covers 400oz bars which would be out of the reach of most investors, accreditation ensures that the refining and bar manufacturing processes of an accredited company is of the highest standard. As a result, investors trust that any of the smaller bars produced by LBMA refineries will be of the stated weight and purity. A list of accredited refineries can be found on the LBMA’s website here.

Gold Investor Series: The London Bullion Market Association

Gold Investor Series: The London Bullion Market Association

Despite the fact it is produced around the world, and purchased by a diverse range of investors all over the globe, trading in the wholesale physical gold market is still centered in London.

The London Bullion Market Association (LBMA) is an international trade association, representing the London market for gold and silver bullion. It was set up in 1987 by the Bank of England (BoE), which was the bullion market regulator at the time.

Gold Investor Series: Stock to flow and why gold is not a ‘commodity’

Gold Investor Series: Stock to flow and why gold is not a ‘commodity’

Stock to flow is arguably the most important concept for investors to understand in order to appreciate why gold is not a ‘commodity’, but rather a monetary metal.

Stock to flow is calculated simply by dividing the total existing supply of a particular commodity by the annual production of that commodity.