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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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Aussie gold shines in China

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Aussie gold shines in China

The Perth Mint has created a strong new market for Australian gold producers with Chinese investors now buying more than 230 tonnes of Australian gold bullion, worth $11 billion, on the Shanghai Gold Exchange every year.

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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 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 partnership strengthens Precious Metals Symposium

Gold partnership strengthens Precious Metals Symposium

Australia’s largest precious metals event and the peak body of the country’s gold sector have come together in partnership at a time when enthusiasm for precious metals is at its highest in several years.

With many gold companies’ share prices having doubled and the Australian dollar gold price nudging record highs, the organiser of the Precious Metals Investment Symposium, Kerry Stevenson, says: “Our collaboration with the Gold Industry Group is a fantastic way to show the strength of the industry and its importance to Australia’s economy. 

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: Beginners Guide to Investing in Precious Metals

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Member Blog: Beginners Guide to Investing in Precious Metals

Physical gold and silver have been seen as the ultimate store of wealth for millennia, and have been highly sought after by investors the world over.

Demand remains strong today across the globe, with thousands of tonnes purchased annually from a diverse group of investors that include Indian housewives, central banks, hedge funds and family offices. 

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