What are Perth Mint Platinum Certificates?

If you have searched for ‘What are Perth Mint Platinum’ then you have likely thought that Perth Mint Platinum is a company in which you can buy shares. However this is not the case.

When we talk about Perth Mint Platinum we are talking about the platinum that is refined, fabricated and minted by the Perth Mint.

The Perth Mint is one of the world’s most respected mints in the world and has been fully operational since 1899. It is the trading name of the Gold Corporation, an entity that is wholly owned and guaranteed by the Government of Western Australia.

You can own Perth Mint Platinum through the Perth Mint Certificate Program, this is the only government guaranteed investment and storage program in the world.

The unallocated platinum certificates are a great way to hold platinum as you are able to experience all of the benefits of holding physical platinum but without the added expense of storage fees.

When you choose to buy unallocated Perth Mint platinum certificates then you are joining over 70,000 investors in more than 130 countries who have also chosen to use the Perth Mint to meet their precious metal investing requirements.

You can buy your unique unallocated platinum Perth Mint Certificates via GoldCore, one of the few Approved Distributors of the Perth Mint Certificate Program. GoldCore is also the only Approved Distributor in the UK and EU.

"Perth Mint Platinum bars"

When you buy Perth Mint Platinum through the Perth Mint Certificate Program then you are only able to do so via the unallocated platinum certificates.

Unallocated platinum certificates are issued with each trade you do and are unique to you. Unallocated holdings are a great option as you get all of the benefits of holding allocated, physical platinum but there are no storage fees.

You do not have to pay storage fees on unallocated platinum Perth Mint Certificates because they are backed by the platinum used in the mint’s working and display inventories.

When you buy unallocated Perth Mint Platinum you are choosing to own a specific amount of platinum that is stored directly with the Perth Mint. It does not have a specific form as it is part of the working inventory of metal used by Perth Mint in its operations.

Because the unallocated platinum is backed by the Perth Mint’s working and display inventories then you do not have legal title to a specific platinum bar. Instead your unique certificate is backed by the working and display inventory which is made up of bars, coins and any other investment-grade platinum held in the Perth Mint’s inventory.

The Perth Mint’s Certificate Program is the only government-back program of its kind in the world. The metal is 100% guaranteed by the Government of Western Australia which has a AA+ rating from S&P.

Perth Mint Platinum Coins

You can own Perth Mint Platinum coins as part of the unallocated platinum certificates that are issued by the Perth Mint Certificate Program. However, you will not own any specified coins.

When you buy unallocated Perth Mint Platinum you are choosing to own a specific amount of platinum that is stored directly with the Perth Mint, rather than specific bars and coins. The platinum which you have legal title over does not have a specific form as it is part of the working inventory of metal used by Perth Mint in its operations.

The unallocated holdings are backed by the Perth Mint’s platinum inventory, both working and display. This means that your holdings may not only be made up of coins but also bars and any other investment-grade platinum that is held by the Perth Mint.

If you would like to buy Perth Mint Platinum coins to hold at home, please visit GoldCore.com where we will be happy to help.

Is platinum better to own than gold?

When considering precious metals investment it can be hard to choose what to invest in and so you might be asking if platinum is better to own than gold.

Per ounce platinum is cheaper than gold which might make it seem to be more attractive, however both metals offer their own unique benefits when held as part of a balanced portfolio. The reason they are each classed as precious metals is because they are rare and have a high economic value but platinum also has a strong industrial role. This sets it apart from gold which is primarily seen as a monetary metal, with a small role in industry.

Platinum is not only used to make coins, bars and jewellery but also it is crucial to the manufacturing of cars and the catalytic converters that they rely on. Platinum is able to oxidise carbon monoxide and the hydrocarbons that are produced when a car engine is running, an increasingly necessary process in the current climate.

Whilst gold usually responds to poor economic conditions, policies and geopolitical strife, platinum often performs well when there are good economic conditions on account of it being a predominantly industrial metal. However, on account of Russia and South Africa being the main producers of platinum the price is also heavily affected by in-country events.

"Unallocated perth mint platinum"

When you choose to buy a unique certificate for unallocated Perth Mint Platinum then you are choosing a very cost effective way to hold physical platinum in your investment portfolio.

Investing in unallocated platinum Perth Mint Certificates brings all of the same benefits as holding allocated precious metals, but without the added expense of storage fees.

Storage fees are not charged on unallocated platinum holdings as the ounces you purchase will form part of the Perth Mint’s working and display inventories. This includes the platinum that is used in the company’s refining and manufacturing processes, as well as any exhibition items.

You can be assured that the unallocated platinum is 100% backed by physical metal and that audits are regularly carried out by the Western Australia State Auditor General.

Investors can be assured by the security and quality of their investment as the Perth Mint is wholly owned by the Government of Western Australia which holds a long-term AA credit rating. The Perth Mint Certificate Program is the only one of its kind that is guaranteed by a government, making it the only unique government guaranteed investment and storage program in the world.

Currently it is not possible to convert your unallocated Perth Mint platinum holdings into allocated bars.

Allocated perth mint Platinum

At present it is not possible to buy allocated Perth Mint Platinum. However, we believe that holding unallocated Perth Mint Platinum is a far more cost-effective way of holding physical platinum, than if you were able to buy allocated.

We believe this as there are no storage fees when you hold unallocated Perth Mint Platinum. The Perth Mint does not charge you to store your platinum with them as it is unallocated. This means that your unique Perth Mint certificate indicates that you own a set amount of physical platinum as opposed to a specific bar.

Whilst the platinum holding that you have legal title over does not have a specific form you can be assured that it is 100% backed by the inventory of platinum, used by Perth Mint in its operations.

If you still wish to own allocated Perth Mint Platinum then you may wish to consider buying Perth Mint Platinum coins and taking delivery of them. If this is of interest please visit [INSERT LINK] to buy allocated Perth Mint platinum coins.

How to start investing in Perth Mint Platinum

If you are wondering how you should start investing in Perth Mint Platinum then simply open an account with GoldCore today, to begin.

GoldCore has been an Authorised Distributor of Perth Mint Certificates since 2005 and we are the only distributors in the UK and EU. It’s very easy to start investing in Perth Mint Platinum with us.

Once you have signed up for an account with us you will be able to upload your identity documents and fund your account. When you receive notification that your documents have been approved and your funds have arrived then you will be able to buy Perth Mint Platinum online, with GoldCore.

When you purchase unallocated Perth Mint Platinum the Perth Mint will issue certificates in your name that specify how much is owned by you and stored on your behalf. Each certificate is unique and indicates that the owner has legal title over the specified amount of platinum.

Should you wish to sell part of your holding then a new certificate will be issued in your name, outlining the new holding amount.