- What is the Perth Mint?
The Perth Mint is a division of Gold Corporation, wholly owned by the Western Australia Government. Australia is the world's third largest gold producer, the Perth Mint refines around 6.7% of world mine production each year. The Perth Mint has been providing safe storage of precious metals since 1899.
- What accreditation does the Perth Mint have?
The Perth Mint is accredited by the London Bullion Market Association, the New York Commodities Exchange (COMEX), and the Tokyo Commodities Exchange (TOCOM).
- What is a Perth Mint Certificate?
A Perth Mint Certificate is a document assigning clear title to precious metals stored on either an allocated or an unallocated basis with the Perth Mint. The document is registered to the owner, and it is referenced by client name and Certificate number. Perth Mint's records additionally reference a client number to ensure confidentiality and security.
A Perth Mint Certificate is non-negotiable; however, ownership is transferable. You may sell or transfer your right, title, or interest in your precious metals to anyone you choose.
- Is there a minimum purchase associated with the Perth Mint Certificate Program?
Yes, there is a minimum of U.S. $10,000.00 to open a relationship under the Perth Mint Certificate Program, and there is a minimum requirement of U.S. $5,000.00 or more to add to your existing holdings.
- What precious metals are available under the Perth Mint Certificate Program?
The Perth Mint Certificate Program offers investors the option of holding all the major precious metals: Gold, Silver, and Platinum. Precious metals storage in coins or bars can be on an allocated or an unallocated basis.
Precious metals storage is at the Perth Mint. Situated in Perth, on the west coast of Australia, one of the most politically and economically stable of the continents, the Perth Mint offers one of the most secure locations for hard asset storage world-wide. Additionally, delivery can be arranged in a variety of locations around the world, such as the United States, Singapore, Switzerland, and Hong Kong to name a few.
- Are there set Certificate sizes to which my holdings must conform?
Absolutely not! This entirely flexible program allows you to tailor your precious metals storage to whatever amount suits your individual needs.
- What is allocated versus unallocated storage?
Allocated storage refers to precious metals stored at the Perth Mint and recorded on the Perth Mint Certificate. The metals will be placed in a sealed box that is specifically assigned to the client via the Perth Mint Certificate.
Unallocated storage refers to a specific quantity of precious metals which are owned by the client, but is part of a larger pool of precious metals stored at the Perth Mint. This quantity of precious metals is recorded on the Perth Mint Certificate. Perth Mint has an obligation to deliver the recorded amount of precious metal upon request of the client with two weeks' prior notice. A fabrication fee may be applicable.
- Is it difficult to purchase a Perth Mint Certificate?
No. The Perth Mint Certificate is available to individual investors through an Approved Dealer Network maintained and certified by the Perth Mint, much like the purchase of physical precious metals for delivery. Just call your Approved Dealer to place an order over the telephone.
- Is the Perth Mint Certificate hard to liquidate?
The Perth Mint Certificate is easy to liquidate. There are a number of options available. First, the owner can sell the Certificate back to an Approved Dealer. Second, the owner can take physical delivery of the precious metals represented on the Certificate at the Perth Mint. Third, the owner can arrange for physical delivery at a variety of locations world-wide.
- Can I surrender a portion of the precious metals on the Certificate?
Yes. This flexible option is one of the distinct advantages of the Perth Mint Certificate Program. Owners can surrender any portion of the Certificate as long as they continue to meet the established minimums. With payment of an additional Certificate fee, a new Certificate will be issued for the remainder of your precious metals in storage.
- How do I know my precious metals are actually stored at the Perth Mint and that the metals stored are actually what I purchased?
The Perth Mint warrants the precise unit or interest in precious metals that is assigned by each certificate. The Perth Mint warrants the quantity and authenticity of the bullion coins, and warrants the hallmark, purity and weight of bullion bars.
Finally, the Perth Mint (owned by the Western Australia Government) verifies the receipt of the specific unit or interest in a pool of precious metals (for unallocated storage) through the issuance of a certificate showing exactly what precious metals are stored on your behalf.
The precious metals represented by the Perth Mint Certificate are obtained directly from the refinery for bullion bars, and are produced right at the Perth Mint in the case of diverse Australian bullion coin products.
- What claims can a creditor have on my certificate?
A creditor can have no claims against your precious metals since clear title is assigned on the certificate.
- What are the fees associated with the purchase of a Perth Mint Certificate?
In addition to the purchase of the precious metals (done basis the London Fix), there is a U.S. $50.00 certificate fee regardless of the size of the certificate, and there is a prepaid storage fee of 1.5% for gold and platinum and 2½% for silver per annum for allocated storage only. The only other fee is the Approved Dealer's commission.
There is no storage fee associated with unallocated storage, provided you give two weeks' notice to take delivery of unallocated material.
- Are there any taxes associated with holding precious metals or with taking delivery of precious metals in Australia?
No. There are no Australian taxes or duties for a U.S. citizen as a result of holding or taking delivery of precious metals in Australia.
- Where can I get more information about the Perth Mint Certificate Program?
You can find out more about the Perth Mint Certificate Program by writing or calling:
- Asset Strategies International, Inc.
- 1700 Rockville Pike, Suite 400A
- Rockville MD 20852
Or you can use our on-line form to request information.