Perth Mint

The Perth Mint:

The Perth Mint has the reputation of being one of the safest and most respected precious metals mints in the entire world. The mint is 115 years old. Its located in and owned by the government of Australia. They have a few different kinds of precious metals depository and storage programs. Each program lets you either choose allocated gold and silver storage, pool allocated silver storage or unallocated gold and platinum storage.

Their traditional depository program is pretty much like a brokerage style account in which you deal directly with the Pert Mint team over the phone. There’s a $50,000 minimum buy in. There are no transaction fee’s for accounts over $250k and a 1-2% fee for accounts below that threshold. The next type of program they have is their online depository and trading platform. You can open this type of account with a minimum of $50 and low transaction fee’s. You’ll be able to buy and store gold, silver and platinum. The best thing about this program is that you can trade your metals 24/7 online. Finally, and this is my favorite, they have what is known as the Perth Mint Certificate Program. There is a minimum account opening of $10,000 and you must go through an approved dealer which you can find on their website. Once you invest, you’re issued a unique, numbered and secured certificate confirming your legal title to and detailing the type and amount of precious metals you have stored with the Perth Mint. Kind of like a stock certificate. The Perth Mint cannot liquidate your metals until they physically receive the exact certificate. So as long as you hold the certificate, your precious metals ain’t going anywhere! This lets you store your gold and silver bullion offshore but at the same time dealing and going through a local dealer based in your country. Check out their video overview below: