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...

To clarify, the buy/sell spread is not a fee we get, by that I meant the difference between the buying and selling prices on the exchange. It is a factor in the total end cost an investor pays. IAU and GLD have very low buy/sell spreads compared to PMGOLD, which does not have the volume of trading t...

The fees are pretty straightforward, just 0.15% management fee and a buy/sell spread on the market of usually 1%. There are no sales taxes in Australia on gold. Redemption fees (ie collecting physical) depends on what size coin/bar you take and are at our usual retail prices, but I assume this is no...

I think I forgot that I would have to pay Australian taxes when it comes time to sell, along with U.S. taxes (unless it's in my Roth IRA).  I think that is going to make this a no go, unless I'm missing something.  Does anybody know what the tax consequences would be? Now this isn't tax advice nor ...

They list an expense ratio of 0.15%, but it actually starts at 0.075% for less than 13.34 oz of gold and increases up to a maximum of 0.15% as you buy more. That happens because we collect the 0.15% management fee by deducting units from investors, rather than selling gold backing the units. Becaus...

Rjg, if you are of the view that you can't see the costs of holding physical justified by the risk of some SHTF financial collapse, then just buy unallocated with the Perth Mint and you have no ongoing storage cost nor coin/bar premium markups. With ETFs I don't see the point holding multiple ones -...

Oh one shouldn't feel safe at all about the legals of the ETFs. But they do have the gold - try and argue against this sort of massive data analysis http://screwtapefiles.blogspot.com.au/p ... abase.html

Re marshmallows, the SPDR Gold Trust Prospectus dated 26 April 2012 does not have the previous clause about the Custodian not being responsible for purity and quality. Anyway, I think if the Custodian took unallocated gold deposited with it by Authorized Participants and instead of allocating physic...

Unallocated doesn't attract a storage fee because we use the metal in our operations. However there is a limit to how much working inventory we need, even with increasing sales of coins and bars. If we just kept on accepting unallocated we'd have a situation where the excess gold above our working r...

Unallocated gold has no storage fee whereas allocated does. Unallocated gold will close to new inflows at some point with existing holdings being grandfathered, just like we did with closing unallocated silver. We will probably offer a pooled allocated gold at that time, which will have a storage fe...

ahhrunforthehills, "how much $$ in gold the Perth has of US citizens money" Perth Mint Depository holds around $3.5 billion and about half of our customers are American. This is not exactly a lot of money to a Government who is cash strapped in the trillions. I therefore don't see Perth Mi...

I'm very surprised the Canadian Mint program is not insured. The Perth Mint fully insures its metal, it adds to the cost but add another layer on top of the Government Guarantee. Further to confiscation, I was the first to highlight that section in the Banking Act and discuss it much more detail her...

http://www.perthmintbullion.com/Blog/Blog/12-03-26/Fake_Bars_-_The_Facts.aspx "In the experience of The Perth Mint, such fakes are a rare occurrence. In the 20 years our Refinery Manager has been working at the Mint, he has never seen a fake bar come through our operations. Even in the professi...

I doubt it has been hollowed out, way too much work and impossible to get a clean fit of the tungsten bar back into the shell, looks like gold plate has been minted around a tungsten bar. The hollow out thing I think is just a stupid reporter's intepretation of what happened. I reckon the dealer did...

I'll be nice to goldsilver.com and not go through their storage agreement - those in glass houses ...

You might find this useful re swapping into physical from other various forms of paper metal http://solari.com/articles/Tax_Issues_r ... s_Holdings

There are a lot of "held directly" in that quote. It would certainly be in the Perth Mint's interest to argue otherwise but I think the meaning of "held directly" is you have direct control over the asset, which is why a safety deposit box would qualify as you hold the key. Alloc...

If you come direct above $50k we still charge the same entry/exit fee so it is personal preference but most prefer the convenience of dealing with someone local. Our storage fees are not the cheapest, but then our metal is fully insured with the backup of a Government Guarantee should the insurance ...

There is no problem calculating the NAV of IAU or GLD as the gold ounces backing each share is disclosed on their websites and just multiply this by the spot price (and no need to add cash as they are just 100% gold). Yes APs deliver gold and get shares (and vice versa) for IAU and GLD but that is d...

We do a lot of Perth Mint Certificates in IRAs. No NAVs to worry about, just direct 100% gold in whatever coin/bar size you want. I'm not a big fan of closed end funds which trade at premium/discounts, when the price spikes/bubbles and everyone is selling you run the risk of a big discount forming. ...

If you are worried about reporting, then don't store metal overseas (and this coming from someone from the Perth Mint!) The reporting rules around foreign financial accounts is confusing, see https://nestmann.com/irs-clarifies-offshore-investment-reporting-rules-again/ for some background on FBAR an...

In 2008 we had rationing of coins by the mints, that's what I mean by a shortage. Keep in mind I'm talking about shortages of coins and bars, not a shortage of the metal itself. That is, the price to buy ETFs and pool allocated type online facilities will not move much, but the price of retail size ...

It's true that today was the biggest discrepancy in NAV between GLD and IAU in a while, but it is by no means the largest historical discrepancy between the two: http://stockcharts.com/h-sc/ui?s=IAU:GLD&p=D&yr=3&mn=0&dy=0&id=p15831233559 Interesting how the variation between the...

Also see this from FT Alphaville http://ftalphaville.ft.com/blog/2012/06/25/1058101/a-propos-those-bis-gold-swaps/ See also this comment on that article from a Philip Pilkington (known gold hater on that site): "The 456t annual buying is nothing when compared to the fact that CBs hold 30,922t o...

I think that quote comes from US geological survey dept. I think it is dependent upon current price/economics of mining and can change. There is a big difference between gold in ground and getting it out, so I don't think "reserves" has much bearing on price - it is how much actually gets ...