Savings plans for gold and silver
Starting out in precious metals doesn’t have to be expensive. The Perth Mint Depository Online account holders can start a precious metals savings plan from AUD or USD $50 per month.
A regular savings plan has the added benefit of reduced transaction fees (50% off).
Three benefits of a savings plan
When buying gold or silver as part of a saving plan, it is fully covered by The Perth Mint’s government guarantee and is stored as unallocated metal.
Savings transfers are actioned on the first working day of the month. You can transfer up to $5000 per month. Transactions are processed using automated pricing against the default currency for the account at the time the savings plan transfers are actioned.
Savings plans are just one option available as part of the Depository Online Program, which offers a range of storage options and the freedom to buy and sell metal. Find out more. link
Savings plan questions
Find out more about Depository Online savings plans below:
I have a Depository Online account, how do I set up a savings plan?
Once your account is set up, it is easy to start saving precious metal.
Once logged in to your Depository Online account, go to the ‘Savings’ tab at the top of the page and fill in the required fields.
How much can I invest?
The minimum monthly transfer amount is $50 and the maximum is $5,000 per month. Transactions will be processed using the default currency for the account which is either AUD or USD.
What are the fees?
A 50% discount is offered on transaction fees in the online savings plan. Storage and fabrication fees can be found here.
Can I choose the day my savings plan transaction will take place?
No. The transfer takes place on the first working day of the month. You are not able to choose or change the day that it is made.
If I’m not happy with a price for a particular month, can I opt out for that transaction?
No. You can cancel the savings plan up until two working days prior to the first day of the month but would need to set up a new savings plan to opt back in. A new savings plan would start the following month.
How are payments made?
Transfers are funded using cash in your Perth Mint Depository Online account. To ensure you have available funds, you may need to setup an automatic payment each month to your Perth Mint Depository Online account. In the case of insufficient funds, the savings plan will not be executed for that month.