The Perth Mint Certificate Program (PMCP) offers investors a unique range of precious metal storage facilities on internationally competitive terms.
The program is sold through a network of independent Approved Dealers around the globe. Each Approved Dealer is one of a select few appointed by The Perth Mint Depository Services. Please refer to the Contact information in this PIS for a list of Approved Dealers.
The PMCP issues Certificates, detailing your metal holding, in your name and identified by a Certificate number. The PMCP is also the only Government Guaranteed certificate program in the world, making it one of the safest ways to own precious metals. Its administration is not unnecessarily burdensome and complies with Australia’s Anti Money Laundering and Counter-Terrorism Financing legislation.
PMCP clients have legal title to precious metals stored in either an Allocated, Pool Allocated or Unallocated accounts. The PMCP facilities are especially suitable for private investors seeking confidentiality and flexibility and a safe haven for their precious metal assets in an uncertain world.
PMCP offers clients the following comprehensive services:
Purchase and sale of precious metal holdings at internationally competitive prices. Two day settlement of sale proceeds.
Execution of standing and stop loss orders.
Arrangement of precious metal transport, insurance, and release from safe custody.
Provision of transaction or holding statements on request.
Conversion of Unallocated and Pool Allocated metal to Allocated Coins or Bullion upon payment of the current fabrication charges.
- Precious metal storage on an Allocated, Pool Allocated or Unallocated basis. The availability of the storage type is at the sole discretion of the Mint.
Account opening minimums apply to PMCP, which are detailed in a separate Fee and Product Information Schedule. The Schedule also details coins and bars available in PMCP and storage fee rates. Approved Dealers charge clients transaction Entry and Exit Fees directly and these will vary between Approved Dealers.
There are currently and generally no Australian taxes or duties on the import or export of The Perth Mint’s bullion bars or coins into or out of Australia. The Perth Mint’s bullion bars or coins also currently do not attract Australian Goods and Services Tax (equivalent terminology in other countries would be “sales tax” or “VAT”). Local sales tax may apply and your Approved Dealer can confirm if this is the case.
The Perth Mint is currently not required to apply any withholding taxes on capital gains made on precious metals held with it. However, clients are advised to consult their own taxation professional in regards to the taxation and jurisdictional implications and issues (if any) of investing in precious metals in the PMCP.
Account Opening Minimum: $10,000.00 USD
Certificate Fee: $50.00 (USD for International, AUD for Australia / New Zealand)
Transaction Fees: Please contact your selected Approved Dealer
Transaction minimum for all buys and sells: $5k
If you seek further information on the PMCP or are interested in opening a PMCP storage account, please contact your nearest Approved Dealer. PMCP Operating Procedures and Terms and Conditions are available in the Product Information Statement. Australian/New Zealand residents may contact Depository Services directly.