Where to Buy Gold in Australia
By admin on Wednesday, August 25th, 2010 | No Comments
Perth Mint Certificates (PMCs)
These are issued by Western Australia’s government-owned mint showing ownership of a certain amount of specified ounces of gold. Some advantages:
- The Perth certificate comes with a government guarantee carrying a triple-A rating from S&P.
- When buying, specify you want “allocated” certificates, which is similar to non-fungible storage. Non-fungible storage is where your gold is labeled with your name as your specific property and stored separately from dealer assets.
- Your bullion is insured against fraud and theft by Lloyd’s of London.
- There are no storage fees.
- The certificates are transferable.
- You can redeem your certificates at the mint.
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