PMGOLD - Perth Mint Gold ETF

[Sean K]

Perth Mint Gold

Tossing up between this and GOLD for buying some physical to track the gold price. Looks like it's tracking well at the moment. I assume they are tracking the gold price?

Might just buy both, not sure if there's any real advantage of one over the other?

Anyone prefer one over the other?

 

[againsthegrain]

Perth Mint Gold

Tossing up between this and GOLD for buying some physical to track the gold price. Looks like it's tracking well at the moment. I assume they are tracking the gold price?

Might just buy both, not sure if there's any real advantage of one over the other?

Anyone prefer one over the other?

View attachment 133421

Perth mint has a top reputation, pretty safe to say all/most gold dealers will buy it back, for physical gold.

 

[Smurf1976]

Perth mint has a top reputation

And it's a real, physical mint not just a trading operation etc.

 

[Ann]

Here is something for you @Sean K

"Perth Mint’s November gold sales nearly double"

Perth Mint’s November gold sales nearly double

Sales of gold coins and minted bars soared to 115,872 ounces last month, the highest level since March this year.

www.mining.com

 

[Sean K]

Here is something for you @Sean K

"Perth Mint’s November gold sales nearly double"

Perth Mint’s November gold sales nearly double

Sales of gold coins and minted bars soared to 115,872 ounces last month, the highest level since March this year.

www.mining.com

Thanks Ann. I've started buying this. Not sure if I'll cash in for the hard stuff one day.

 

[Dona Ferentes]

the fee structure of PMGOLD is interesting .... ostensibly at 0.15%pa, the website states:

* Management fees charged via end of calendar year unit reduction.

I held 1000 units at 31 Dec the previous year (about $24K), and had one unit deducted, so my balance reduced to 999 units. Evidently if you own 667 units to 1333 units, then the same 1 unit reduction applies.
It is my understanding than holding the next block from 1334 units up to 1999, then 2 units are deducted at 31 Dec..

I am not sure how it works for 666 units or less. And if you bought on 02 Jan and sold close to end Dec of same year, then management fees could likely be avoided? Brokerage in and out would still apply.

 

[qldfrog]

the fee structure of PMGOLD is interesting .... ostensibly at 0.15%pa, the website states:

I held 1000 units at 31 Dec the previous year (about $24K), and had one unit deducted, so my balance reduced to 999 units. Evidently if you own 667 units to 1333 units, then the same 1 unit reduction applies.
It is my understanding than holding the next block from 1334 units up to 1999, then 2 units are deducted at 31 Dec..

I am not sure how it works for 666 units or less. And if you bought on 02 Jan and sold close to end Dec of same year, then management fees could likely be avoided? Brokerage in and out would still apply.

Seems right..i thought the same about maybe get out /in around these dates

 

[Garpal Gumnut]

the fee structure of PMGOLD is interesting .... ostensibly at 0.15%pa, the website states:

I held 1000 units at 31 Dec the previous year (about $24K), and had one unit deducted, so my balance reduced to 999 units. Evidently if you own 667 units to 1333 units, then the same 1 unit reduction applies.
It is my understanding than holding the next block from 1334 units up to 1999, then 2 units are deducted at 31 Dec..

I am not sure how it works for 666 units or less. And if you bought on 02 Jan and sold close to end Dec of same year, then management fees could likely be avoided? Brokerage in and out would still apply.

A good point, however, that is $25 pa which in the large scheme of things I am told would not buy one a packet of cigarettes, nor rollies, nor two six packs of South Australian beer were one inclined in those directions. So it is all relative.

And speaking of relativities I feel gold is a good hedge against the $USD.

I hold PMGOLD as I do not have the wit nor sleight of hand to trade forex.

Could I ask @Sean K , @Dona Ferentes or some other member of ASF to put up some comparison charts of trading Gold vs USD with AUD?

gg

 

[Sean K]

Could I ask @Sean K , @Dona Ferentes or some other member of ASF to put up some comparison charts of trading Gold vs USD with AUD?

gg

Sorry gg, I'm not that capable.

This moves at snail pace, but at least it's going in the right direction...

 

[Dona Ferentes]

Could I ask @Sean K , @Dona Ferentes or some other member of ASF to put up some comparison charts of trading Gold vs USD with AUD?

Me, neither. Used to have the capability and don't know whether it's Firefox vs. Mozilla, but I hope someone else can .

Cheers

 

[Sean K]

This thing moves at a snails pace, but at least it's moving in the right direction. ???

 

[InsvestoBoy]

Read the PDS.

*READ THE PDS*

GOLD is allocated and HSBC custodian (if you trust them).

PMGOLD is unallocated, you are an unsecured creditor of the State Gov of WA.

*DEFINITELY READ THE PDS*

 

[InsvestoBoy]

Could I ask @Sean K , @Dona Ferentes or some other member of ASF to put up some comparison charts of trading Gold vs USD with AUD?

gg

The residual is obviously AUDUSD. Spot chart only, not adjusted for cost of carry, etc.

 

[Sean K]

View attachment 137625

The residual is obviously AUDUSD. Spot chart only, not adjusted for cost of carry, etc.

Sorry, My charting software linked to ANZ Pro doesn't have that capability that I'm aware of.

 

[Sean K]

The ? has gathered a little bit of motivation. Backed up the ? on ?

 

[Garpal Gumnut]

The ? has gathered a little bit of motivation. Backed up the ? on ?


View attachment 138046

Hopefully our $ AUD will fall as well.

gg

 

[Sean K]

Hopefully our $ AUD will fall as well.

gg

It should. Flight to safety should still be USD. Will be a good test of Bitcoin. Is it a a store of value or a spec tech trade.

 

[Garpal Gumnut]

It should. Flight to safety should still be USD. Will be a good test of Bitcoin. Is it a a store of value or a spec tech trade.

I'd suggest watch my BTC Gold thread.

Below 1 BTC = 18oz there will be a rotation I believe from BTC in to Gold.

Just a matter of time.

gg

 

[frugal.rock]

Flight to safety should still be USD.

It looks like flight to safety isn't the USD, nor the Euro, but in fact the Yen, and gold of course.
Oh, silver has been lurching again after a double bottom... this event may just be the squeeze silver has been looking for.

 

[Sean K]

It looks like flight to safety isn't the USD, nor the Euro, but in fact the Yen, and gold of course.
Oh, silver has been lurching again after a double bottom... this event may just be the squeeze silver has been looking for.

Gold could be looking at ATH's in a couple of days at this rate.