Viewing entries tagged
investment

Perth Mint’s $64 million gold icon debuts in New York City

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Perth Mint’s $64 million gold icon debuts in New York City

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

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Explorers converge at annual conference

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Explorers converge at annual conference

Last month’s RIU Explorers Conference was the biggest yet, with resources companies, brokers, funds, bankers, investors, government and suppliers come together to discuss exploration and production successes and opportunities.

Now in its 18th year, the conference featured a number of Gold Industry Group members.

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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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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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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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Buying Gold: Where to store

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Buying Gold: Where to store

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. 

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Golden year for Perth Mint

Golden year for Perth Mint

A focus on identifying new global markets for Australia’s precious metal products has paid off for The Perth Mint, which has met strong international demand for bullion bars and coins in 2015/16, and delivered a record pre-tax profit of $41.04 million. 

The Perth Mint – owned and backed by the Western Australian Government - has added significant value to the export capability of both the state and the nation over the period. It has also supported and promoted Australia’s precious metals industry locally and overseas. 

Gold Investor Series: Weight & Purity

Gold Investor Series: Weight & Purity

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.

Resolute to pay dividend in gold

Resolute to pay dividend in gold

A unique initiative has been launched today to give Resolute Mining Limited shareholders the opportunity to receive dividend payments in gold. 

Resolute has today announced a dividend of 1.7c per share following the adoption of an innovative gold sales-linked dividend policy. Their partnership with The Perth Mint will provide shareholders with the opportunity to receive dividend payments in gold.

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.

Perth Mint achieves record half-year results

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Perth Mint achieves record half-year results

The Perth Mint posted record revenue of $4.4 billion and pre-tax profit of $24.9 million for Q1/Q2 of the 2015/16 financial year.

Premier Colin Barnett said the result reflected the significance of the Mint to the State and its future development.

“Gold mining has been at the cornerstone of the State’s advancement for more than a century, and The Perth Mint has always played an integral role in that industry,” Barnett said. 

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Member Blog: Insights from the SMSF Association National Conference

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Member Blog: Insights from the SMSF Association National Conference

ABC Bullion’s Chief Economist Jordan Eliseo provides his insights from the SMSF Association National Conference last week on the growth in physical bullion investment and why trustees are buying bullion.

The SMSF Association National Conference was attended by more than 1,000 financial advisers, accountants, auditors and service providers and is the largest annual gathering for professionals servicing the $600 billion Self-Managed Superannuation Fund market in Australia. 

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