Perth Mint Depository Services (PMDS) operates like a private client bank account or stockbroking account, except with balances of precious metals in troy ounces.
Clients deal directly with The Perth Mint via telephone or fax with instructions confirmed by the use of a password. Email instructions can be taken, although due to the unsecured nature of email we strongly recommend clients use PGP encryption. Clients receive trade confirmations after each transaction. Account statements can also be sent on a regular basis, if required.
PMDS clients also have full access to the capabilities of The Perth Mint's Treasury, which includes put and call options and 24 hour monitored market orders.
PMDS is also suitable for institutional investors seeking either an AAA-rated counterparty for custody of their precious metals or an omnibus account to enable the retailing of precious metals to their clients.
PMDS is targeted at overseas clients with more than USD 250,000 to invest. Amounts less than this will be accepted, however a 2% entry and 1% exit fee will apply (in line with standard Perth Mint Certificate Program fees). An exception applies to Australian/New Zealand residents, where an account opening minimum of AUD 50,000 applies. The purchase of unallocated silver will attract an additional fee.
Please be advised that The Perth Mint Depository offers investment programmes and does not offer retail sales. Should you wish to purchase bullion bars or coins for immediate delivery, please contact The Perth Mint Shop. All bullion bars and coins purchased through Perth Mint Depository will attract a minimum six month storage fee. Please contact Depository staff should you have any further queries.
Please be advised that the purchase of unallocated silver currently attracts a levy. Please contact our office for further information.
Payment Methods
Please be advised that Perth Mint Depository is no longer able to accept payment by cheque for investment into PMDS and PMCP accounts. This is due to internal policies regarding the time taken for cheques to clear and correlation to the volatility of metal prices. Payment can now only be made by electronic transfer.
Fabrication Price Increase
Please be advised that fabrication prices increased for Depository Services from 1 February 2009. New pricing information is available upon request or in the information packs for each particular investment programme.
Availability is subject to demand and production scheduling.
Changes in Storage Period
The Perth Mint is currently implementing new procedures to streamline administrative processes such as invoicing. As such, the storage period for metal held at The Mint will change from yearly to six monthly. To assist with this transition and bring our client base in line, from 5 May 2010, all new storage products will be invoiced in advance to 31 December 2010. Thereafter, storage will be charged in 6 month blocks from either 30 June or 31 December. The upfront fee will remain non refundable and will still be based on your purchase price and our current storage rates. All other features remain unchanged.