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.

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.

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.