Precious Metals

 

  • PMCP UNALLOCATED PLATINUM

    The Perth Mint Certificate Programme (PMCP) is operated by the Perth Mint of Western Australia. The PMCP allows  investors, savers and pension funds to own investment grade gold, silver and platinum bullion stored in the vaults of the Perth Mint.

    This product is Perth Mint Certificate unallocated platinum. The metal is stored in the vaults of the Perth Mint.

    The Perth Mint is the trading name of Gold Corporation. It is the successor organisation of the Royal Mint’s Perth branch that was founded in 1899. The certificate programme is fully guaranteed by the Government of Western Australia. The government has received the highest AAA rating from international rating agencies. PMCP is the only government-guaranteed certificate programme in the world.

    Composition

    When you buy unallocated platinum through the PMCP, the Perth Mint issues a Precious Metal Certificate in your name, detailing the specific number of ounces of platinum that you own and that is stored on your behalf in the mint. PMCP unallocated platinum clients have legal title to the platinum stored in their unallocated account. Every certificate has a unique certificate number, and is akin to a certificate of ownership.

    The quantity of platinum purchased will depend on the price per ounce of the metal and the amount that you have decided to invest. Perth Mint Certificates are highly liquid and can be sold through Currency Hedger.

    Upon settlement of PMCP buy orders, the Perth Mint will send Currency Hedger a certificate confirming the quantity of unallocated platinum purchased. If you sell part of your PMCP holding, upon settlement the Perth Mint will send Currency Hedger a new certificate confirming the quantity of platinum remaining.

    The unallocated platinum is held as an asset on the balance sheet of the Mint, and the platinum that has been sold to clients is recorded as a matching balance sheet liability. Therefore the unallocated accounts are 100% backed by platinum and the asset and liability are fully matched. Any credit or insolvency risk is very unlikely given that the Perth Mint is owned by the Government of Western Australia.

    In the Perth Mint Certificate Programme, none of the bullion is leased or lent out to the market, short positions are not allowed, and the Perth Mint does not use financial derivatives on its platinum. Perth Mint precious metals stored for clients are fully insured, and insurance is underwritten by Lloyds of London syndicates.

    The Perth Mint undertakes full quarterly inventory stock takes using both internal and external auditors from major accounting firms in Australia. The audits are reviewed by the Auditor General of the State of Western Australia who is answerable to the State Parliament.

 

 

  • PMCP - POOL ALLOCATED SILVER

    The Perth Mint Certificate Programme (PMCP) is operated by the Perth Mint of Western Australia. It is wholly-owned by the Government of Western Australia. The programme allows  investors, savers and pension funds to own investment grade gold, silver and platinum bullion. The metal is stored in the vaults of the Perth Mint.

    This product is Perth Mint Certificate Pool Allocated Silver.

    The Perth Mint is the trading name of Gold Corporation. It is the successor organisation of the Royal Mint’s Perth branch that was founded in 1899. The certificate programme is fully guaranteed by the Government of Western Australia. The government has received the highest AAA rating from international rating agencies. PMCP is the only government-guaranteed certificate programme in the world.

    Composition

    Unallocated silver holdings through the Perth Mint certificate programme are no longer offered to new clients. From May 2011, the Perth Mint introduced an amended holdings concept for silver called pool allocated silver.

    This change was introduced because the Mint’s inventory (or working stock) for silver had reached an upper limit for the manufacturing process, so instead of buying more inventory, the Mint decided that new clients investing in unallocated silver would in future receive an interest in a pool of specific bars which the Mint purchases and stores in its vaults.

    With pool allocated silver, the Perth Mint is the custodian and holds the metal on behalf of clients. This metal is not available for the Mint to use. Therefore, as a pool allocated silver owner, you are an owner in common along with other clients participating in the same pool and you own an undivided interest in the pooled silver. Your holding will not relate to any specific bar as you will own a fractional share of the pooled bars. There are currently over 5.5 million ounces of silver held in the pool allocated certificate programme.

    When you buy pool allocated silver through the PMCP, the Perth Mint issues a Precious Metal Certificate in your name, detailing the specific number of ounces of silver that you own and that is stored on your behalf in the mint. PMCP pool allocated silver clients have legal title to the silver stored in their pool allocated account. Every certificate has a unique certificate number, and is akin to a certificate of ownership.

    The quantity of silver purchased will depend on the price per ounce of the metal and the amount that you have decided to invest. Perth Mint Certificates are highly liquid and can be sold through Currency Hedger.

    Upon settlement of PMCP buy orders, the Perth Mint will send MFU a certificate confirming the quantity of pool allocated silver purchased. If you sell part of your PMCP holding, upon settlement the Perth Mint will send Currency Hedger a new certificate confirming the quantity of silver remaining.

    The client’s pooled silver is distinctly identifiable and is stored in the Perth Mint’s vault alongside other allocated metal, but it is separate from the operating stock of metal in the Mint. The bullion is not recorded on the balance sheet of the Perth Mint since it belongs to the client and not the Mint.

    The Perth Mint undertakes full quarterly inventory stock takes using both internal and external auditors from major accounting firms in Australia. The audits are reviewed by the Auditor General of the State of Western Australia who is answerable to the State Parliament.

 

 

 

  • TEN OUNCE GOLD BARS

    The ten troy ounce gold bar is an investment grade gold bullion bar weighing exactly 10 troy ounces, or 311.034768 grams. A gold bar – 10 oz has a fineness, or gold content, of at least 99.9%.

    Ten ounce gold bars are normally rectangular in shape and would be either produced as cast or minted bars. Since they are manufactured by a variety of refineries and government mints, the look and feel of a 10 oz bar can vary.

    Currency Hedger only sells gold bars of recognised and widely-traded brands. These would include 1 kg gold bars from such highly regarded refineries as Johnson Matthey, Credit Suisse, Pamp Suisse,Heraeus, and government mints such as the Royal Canadian Mint and the Perth Mint.

    A gold bar – 10 oz can make a nice gift but it can also be added to Irish investment portfolios. 10oz bars are conveniently sized, affordably priced, and are well-known in the international marketplace.

    INVESTMENT INFO

    The 10 oz gold bar size is a popular size, made by a number of the world’s gold refineries. Therefore, the marketplace is liquid due to the large number of bars that have been produced historically, and the extensive dealer network that ensures competitive pricing.

    As a form of physical gold ownership, 10 oz gold bars allow investors to gain easy exposure to the gold price.

    10 oz gold bars provide a cost-effective way to build up a physical gold holding so as to diversify an investment and savings portfolio. Acquiring gold in 10 oz bar format allows investors to accumulate their gold holding over time and not need to time the purchase compared to if they were making one large purchase.

    The exact 10 troy ounce weight makes the 1oz gold bar easy to value and price since the real-time international gold price is quoted in terms of dollars per troy ounce.

    10 oz gold bars qualify as investment gold and so are free of Irish import duties and VAT

    The compact size, durability and portability of 10 oz gold bars allows for easy storage options.

    COMPOSITION

    Each 10 oz bar has a minimum purity of 0.995 and is normally 0.999 pure or even 0.9999 pure.

    These bars contain exactly 10 troy ounces of gold.