Perth Mint reintroduces unallocated silver
The Perth Mint Depository has reintroduced the option to buy and store silver on an ‘unallocated’ basis.
Part of Australia’s largest vertically integrated precious metals enterprise, The Perth Mint Depository specialises in precious metal investment solutions for those who do not wish to take physical delivery of bullion. Uniquely, it is the only government guaranteed investment and storage program in the world.
Depository clients can store their precious metal in a choice of allocated, pool allocated or unallocated format, each offering a range of specific benefits. Unallocated silver was withdrawn in 2011, however, over th
e past five years the Mint has invested considerably in new and improved world-class storage facilities which have enabled it to offer this popular product once again.
“Unallocated metal has always been popular among our clients. ”
“With considerable investment in new and improved world-class storage facilities, we’re now able to re-offer silver alongside gold and platinum to those looking for a totally secure unallocated storage option,” he said.
Clients choosing unallocated metals buy into the Mint’s pool of working metal, used to facilitate day-to-day operations inside one of the world’s major refining and minting enterprises. Investors can rest assured that every client account is 100% backed by physical metal at all times.
The major attraction of unallocated metal is that clients pay no storage fees, and unlike allocated there are no product fabrication fees. The Western Australian government guarantee on all Perth Mint precious metals applies to unallocated, providing customers with the strongest and most effective reassurance available.
Clients are entitled to convert their holding to bars and coins for continued storage as allocated or collection, at any time.
Unallocated silver is now available to Perth Mint Depository Program (PMDP) account holders, and the fast growing number of Perth Mint Depository Online (PMDO) clients. Additionally, it is available through our global network of approved distributors via the Perth Mint Certificate Program (PMCP).
Testament to the long-standing confidence in The Perth Mint Depository, we manage more than $3 billion worth of investors’ metal on behalf of around 30,000 clients from over 100 countries.