What is gold?
Gold is a one of the rarest of precious metals, revered through the ages for its economic value and beauty. The naturally occurring metal has been mined throughout the world and is renowned for its malleability.
Dating back to ancient civilisations, gold has continued to glimmer as a source of wealth, a currency exchange, an investment that holds its value in times of crisis and for its lustre in jewellery and fine wares.
What is the gold price?
While a gold price is reported daily in the media, the actual price of gold changes constantly whenever global markets are open. The price that gold can be bought at right now in any part of the world is called the spot price. This is a continually trading price based on supply, demand and many other factors as different markets open and close around the world.
Why invest in gold?
People invest in gold for many reasons. For example, its price has increased by an average of 9% per year since the 1970s; as a cash alternative when interest rates are low; to diversify a portfolio or as hedge against falling stock markets. Investors will analyse charts for trends – short terms investors may look at five-minute updates, while long-term investors may look to annual or even longer trends.
Ways to buy gold
Gold can be bought as physical coins and bars. Coins include legal tender and bullion. Bars include minted or cast. You can also buy gold as exchange traded funds or cryptocurrency via blockchain. Our gold is the only gold in the world that is covered by a government guarantee.
Ways to store gold
Gold stored with us can be bought as allocated (where you pay a fee to store physical bars and coins in our vaults) or unallocated (where you own the gold, but it forms part of our working inventory and therefore has no storage fees). Whether allocated or unallocated, we ensure your gold is available for collection, usually within a few days of receiving your advice.
What is Perth Mint gold?
Perth Mint gold is unique for several reasons. It is the only place in the world where you can buy gold that has an explicit government guarantee of weight and purity. We refine the gold that we sell, ensuring we meet the highest global standards.
Ensuring gold is ethically sourced is front of mind for our refinery, one of the largest in the world. We meet the highest global accreditation standards and use innovative methods to refine gold of the highest purity.
What advice can I get on investing and tax?
As we are not financial advisors, we can’t advise on what products to buy, how to set up your portfolio or tax matters. However, as a helpful resource, we provide insights for investors and a global news feed so you can monitor markets. It’s always recommended to seek professional advice on investing, financial and tax matters.