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How Do I Buy Australian Gold Bullion?

Buying Gold bullion is fairly easy in Australia. Many of Australia's larger cities have precious metal dealers that will happily sell gold bars and coins.

The Perth Mint has an active program: And in their own words- "The Perth Mint has a strong reputation for excellence and innovation and now offers a variety of different methods of precious metal investment to cater for individual investor needs including ultra-safe storage.

Investors who do not want the inconvenience and risk of storing their precious metals can take advantage of the investment products that the Perth Mint has developed including GOLD ETF: ASX Code: PMGOLD and Gold Warrants: ZAUWBA programs. These products allow investors to buy gold, silver and platinum via its Certificate and Depository programs or to buy GOLD via the Australian Stock Exchange.

Alternatively, The Perth Mint manufactures a wide range of bullion coins and bullion bars for those who prefer to store physical precious metal themselves."  (read more)

Since early 2009 Australian investors are able to buy precious metal warrants from ETS Securities.
Read about ETF Securities here

Five ETFs (ETCs) for precious metals began trading on the ASX -Friday 30th/Jan 09.
ASX codes for the ETC warrants are:

  • ETPMAG   -Silver 1/Oz
  • GOLD       -Gold 1/110th Oz
  • ETPMPT   -Platinum 1/110th Oz
  • ETPMPD  -Palladium 1/110th Oz
  • ETPMPM  -Basket of Gold, Silver, Platinum and Palladium

Notes:

Apart from ASX: GOLD and ASX: EPTMAG these are thinly traded.
All gold and silver will be held by the Custodian at its London vault premises. Platinum and palladium will be held by the Custodian at its London vault premises or by Zurich Sub-Custodians at their Zurich vault premises.

Bullion may be held elsewhere by the Custodian or a Sub-Custodian on a temporary basis prior to Bullion being transported to such vault premises or as part of a creation or redemption process. The Custodian will be responsible for the transportation, handling and any costs associated with moving Bullion to or from its London vault premises and between any vaults of sub-custodians.

As at the date of this Prospectus the Sub-Custodians directly appointed by the Custodian are the Bank of England, The Bank of Nova Scotia (ScotiaMocatta), Deutsche Bank AG, JPMorgan Chase Bank, N.A., UBS AG, Barclays Bank PLC, Johnson Matthey plc, Brink’s Global Services Inc. and ViaMat International.

All Bullion for the Metal Securities will be held in allocated form pursuant to the terms of the Custodian Agreements except that some Bullion may be held in unallocated form on a short term basis when Bullion is in the process of being allocated or de-allocated in connection with creations and redemptions of Metal Securities or any residual portion that is too small to make up a whole Good Delivery bar.

Bullion held in allocated form is not a credit risk against the Custodian but represents direct ownership of the metal, whereas Bullion held in unallocated form is an unsecured credit risk against the Custodian.

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