For those familiar with the Perth Mint options, processes and so on, which of the two options (certificate program or depository program) would be better/easier for a non-financial spouse or heirs to deal with if I'm no longer part of the picture? The advantage of the Certificate program is that yo...

Thanks Craig. Because of the privacy requirements in our Act, we direct any request, official or unofficial, for information or metal from an account by someone who does not operate the account to our local courts to determine if the request is valid and authorise us to release the information or me...

LC475 wrote:Gold-backed debit card (would that even be possible)?

Peter Schiff is already doing a gold backed debit card http://europacbank.com/our-products/met ... d-account/

LC475 wrote:Wow, are you actually from the Perth Mint, Bron?  If so, it's an honor.

Yep I'm for real, but I wouldn't call it an honor, just an average guy.

That is when desperate politicians would gaze upon the Perth Mint's vault with eyes thirsting for pillage of the "foreign plutocrats." We hold around $3 billion, most of which is unallocated and tied up in our inventory, so can't be "gotten" without shutting us (and our refining...

I think the relationship is only if real interest rates go below 2% that gold becomes attractive, not that there is some direct correlation between the rates.

Peak2Trough - I note for gold you only have monthly data 1968-1972. You can go to http://www.perthmint.com.au/investment_ ... rices.aspx to download daily London fix data from jan 1968

There is a borrow/lend market for gold, which operates just like cash, but with gold interest rates generally sub around 0.20% it just doesn't mean enough profit for banks to make that market available for retail investors.

Craig, any comments on this http://www.tfmetalsreport.com/blog/4809/guest-post-not-even-harry-browne-thought-it-was-going-be-bad-green-lantern "However, for the first time since it's inception, the managers of the fund have realized that we are dealing with a new market condition that Browne di...

And when the exchange rate falls (as it is doing now) you lose out on AUD gold price gains. Also note that you will pay an annual management fee of 0.49% compared to the Perth Mint's product (code: PMGOLD) with a management fee of 0.15%. If you are investing for a longer time period, then that 0.34%...

For someone who makes a living, in part, by being a market commentator, who would want to read something that says: "The gold market is functioning normally." I don't think the market is necessarily functioning properly, it is clearly under some stress as premiums for kilobars show, but I...

That piece by Turk is interesting but a bit vague, is he talking about 400oz bars or other sizes. My main question is if this is the case then why can GoldMoney continue to offer its 400oz bar pooled allocated product and without any premiums? If the market was as short as he is making out then Gold...

The dealers aren't increasing their premiums because people won't pay them and would rather go without. I don't hear of people outbidding each other to buy what is left in a dealer's inventory. If people are so desperate, why aren't they offerring to pay $100 premium, then another guy says $200, the...

The interesting thing about the Swiss story is the reference to money laundering. It may be a case of the client not having up to date identification documents, which can happen if he was an old client pre-AML rules. Many jurisdictions have a requirement for the client to be properly IDed before any...

This is why the Perth Mint doesn't send metal until we have received payment in full, no COD. I'm surprised they would send it without having got your money.

Gold is a 24hr over the counter market, so no central exchange you can get a price from. If you are looking for daily data over a long period of time, then use the London Fixes, which you can download from here http://www.perthmint.com.au/investment_invest_in_gold_precious_metal_prices.aspx in one c...

Is Perth Minth not a custodian or bailee which are reportable activities? We are looking into the regulations, but it is not that straightforward as there is a carve out for Government entities and also there is a test as to how much of your business is custodial below which you are not deemed a cu...

goodasgold - you do want to check that the FX rates being used are reasonable and don't have a large buy/sell spread themselves as that is a form of hidden cost. Even with tight FX rates, the fact is that PMGOLD on the buy and sell will probably cost more because there is an FX leg involved plus PMG...

The Perth Mint is currently not reporting anything to any US agency. I assume you are referring to FATCA, which is not yet in operation, but in any case being a non-bank Government owned entity we do not think it applies to us. Anyway, all the US govt has to do is go to its banks and ask for a copy ...

I'm not really familiar with the US brokerage business, so don't know who offers access to overseas stock exchanges.

Julian Phillips has been pushing this in a recent series of articles, but it is all about selling some trust structure he has put together that is supposedly protected against forceful repatriation. The only way the Perth Mint will hand over gold is if the US government applies to our local courts f...

stuper1 - under the Australian Securities Exchange rules we have to maintain fair buy and sell prices for PMGOLD at all times. We have contracted Deutsche Bank to do that for us (as we don't have direct access to the ASX) and they always have a bid and ask in the market at all times. So it is not li...

catacomb, Please see this response to someone asking about currency exposure regarding PMGOLD http://gyroscopicinvesting.com/forum/http://77.104.139.218/~gyroscop/phpBB3/viewtopic.php?p=60655#p60655 The fact is that it doesn't matter where the ETF is located, you have currency exposure to USD as tha...

stuper1 - any online broker should show both bid and ask for any exchange quoted product/stock. Note PMGOLD is traded in Australian hours. goodasgold - when you buy PMGOLD or any ETF on any market you do not have any currency risk because you are holding a product denominated in ounces, not AUD or U...

I said it was a "version" of our unallocated, not that is was unallocated sold twice. If someone buys 10 ounces of unallocated directly from us in our Depository, we go out and buy 10oz of gold and use that in the factory. If someone else buys 1000 PMGOLDs, we go out and buy 10oz of gold a...