What are Gold Certificates?
Gold Certificates are unique certificates issued by the Perth Mint as part of the Perth Mint Certificate Program.
Investors who wish to buy physical Perth Mint gold can do so by either buying a unique allocated gold Perth Mint Certificate or a unique unallocated gold Perth Mint Certificate. Both are excellent options for someone looking to hold physical gold as part of their portfolio.
The key difference between the allocated and unallocated Perth Mint Certificates is that storage fees are not paid on any unallocated gold holdings. This is because your unique Perth Mint certificate gives you legal title over an amount of gold as opposed to a specific cast bar.
When you invest in allocated gold through the Perth Mint Certificate Program then you are buying gold that has been fabricated in the form of cast bars. The unique certificate indicates that you have legal title over specific bars. Allocated gold bars are stored and segregated within the Perth Mint’s secure vaults.
Those who wish to have legal title over specific bars are able to choose from a range of cast bars, these are indicated on your unique certificate issued by the Perth Mint. Storage fees are applicable on allocated gold certificates, however some clients prefer this option as they find some peace of mind knowing that they can take delivery of their bars should they wish to do so.
If you would like to consider a cost-effective way to own physical gold with the Perth Mint Certificate Program then please consider the unallocated gold certificates. These unique certificates are also issued whenever you trade with The Perth Mint, but for unallocated gold they indicate legal title to an amount of gold as opposed to a specific bar of gold. The unallocated gold is 100% backed by the working, manufacturing and display inventories of The Perth Mint. This means that there is no storage charge and no fabrication costs incurred.
Should you wish to, you are able to convert your unallocated gold certificates to allocated gold certificates. Please be aware that fabrication charges will apply and storage fees will subsequently be charged as the allocated gold certificate is stored and segregated within the Perth Mint’s vaults.
When you buy gold certificates through the Perth Mint Certificate Program you can be assured of the security, authenticity and quality of the gold you hold legal title over.
The Perth Mint is 100% owned by the Government of Western Australia and has been operational since 1899. The Perth Mint is one of the most respected mints in the world on account of its legacy and experience in the precious metals space. It refines around 10% of annual global gold production. It is a fully integrated precious metals enterprise. This means that it not only refines gold, silver and platinum but it also acts as weight master, assayer and producer of bullion.
The Perth Mint Certificate Program is the only government guaranteed investment storage program in the world. This is especially reassuring when you read that the Government of Western Australia has a long-term AA rating. Furthermore, regular audits of the Perth Mint’s holdings are carried out by the Western Australia State Auditor General.
Are Gold Certificates a Good Investment?
When you buy gold certificates from the Perth Mint we understand that investors will ask two things, is gold a good investment and are gold certificates issued by The Perth Mint a good investment?
Gold has been seen by millenia as both a form of sound money and a safe haven. When held as part of a balanced and diversified portfolio then it can offer long-term protection against the devaluation of currencies as well as other investments such as stocks and shares. Gold is not a short-term investment and therefore we do not recommend clients to buy gold as a way of making a quick return. It is there to act as insurance as it holds its value when all else is liable to lose value in the face of central bank mismanagement and easy monetary policy.
The main thing to remember is that when you buy gold certificates from the Perth Mint Certificate Program (PCMP) you are buying physical gold. You are not buying shares in the Perth Mint or an ETF or any other gold derivative. Going through the PCMP is merely a way of being issued with a unique certificate that shows you have legal title over the gold that is stored by the Perth Mint.
The Perth Mint is one of the most respected mints in the world. First established in 1899 it has grown into a fully integrated precious metals enterprise. It not only mints coins but also refines, assays and produces bullion. Its Perth Mint Certificate Program is unique as it is the only investment and storage program backed by a government; the Government of Western Australia.
Over 70,000 customers in 130 countries have opted to own precious metals through the Perth Mint, indicating the trust that has been placed on the mint to produce, refine and store investments for many individuals around the world.
Here at GoldCore we have been Approved Distributors for the Perth Mint Certificate Program since 2005. We are the only gold dealer in the UK and EU who are able to sell these unique certificates. Our work and dealings with the Perth Mint over the last two decades assures us that this is a very beneficial way to hold gold as part of a balanced portfolio.
Very often you will hear that gold is not a recommended investment because of the opportunity cost of storing the gold. Whilst we do not believe that gold storage is an argument not to hold gold, we do recommend the unallocated gold certificates if you do not wish to pay storage fees. This makes for a very affordable and cost-effective way to hold physical gold.
Where to buy Gold Certificates in Ireland?
To buy Perth Mint gold certificates in Ireland simply open an account with GoldCore, today. Once your identity documents have been approved then you will be able to fund your account and buy gold certificates in Ireland.
Upon settlement of Perth Mint Certificate Program orders, The Perth Mint will send GoldCore a certificate confirming the quantity of unallocated or allocated gold purchased. If you sell part of your PMCP holding, upon settlement, The Perth Mint will send GoldCore a new certificate confirming the quantity of gold remaining.
Like The Perth Mint GoldCore trusted by clients from all over the globe, and have nearly two decades of experience in the precious metals investment space. GoldCore is the only Approved Distributor for Perth Mint gold certificates in Ireland. We offer both allocated and unallocated gold certificates and have done so since 2005.
