3 minute read
How to buy gold
Perth Mint
Gold goes mainstream
A quick punters guide to buying gold bars and coins as shaky times add lustre to the precious metals market WRITES REUBEN ADAMS
Retail investment in gold bar and coins has been supercharged for the last few years, despite the precious metal’s unpredictable pricing action over that time.
In the US – a major market – coin sales from the US Mint reinforce this picture of healthy demand: H1 2022 sales of 986,500oz were the second highest on record.
Here in Australia, Perth Mint General Manager of Minted Products Neil Vance says the run on gold and silver started around April 2020.
“Really since that time has seen no letup, and it has continued into 2022,” he says.
“We have seen it all around the world, but our two largest export markets for our physical coins are the US and Germany.
“Here, it has been an incredible surge in demand.”
It’s the same in Australia.
“I’ve been here [at Perth Mint] for 19 years and have never seen the Australian market like this and the demand we have experienced,” Vance says.
Why should I buy gold?
Investors often use physical gold bars as a diversifier and a hedge, World Gold Council APAC CEO Andrew Naylor says.
“[This] is increasingly important in an economy where many have strong exposures to property and pro-cyclical assets,” he says.
We are now seeing is gold investment moving into the mainstream, says Vance.
“It used to be a little left of centre, I guess,” he says.
“Now we are seeing lots of mums and dads – real mainstream investors – buying gold and silver.”
How can I buy physical gold?
It is quite easy to purchase precious metals, says Vance, but his key message to buyers is this: do your research, and buy from trusted distributors.
“We offer precious metals in various formats; you can buy gold from one gram through to one kilo,” he says.
“You can either come into the Perth Mint through the shop, buy online, or visit one of our authorised distributors. We have one in most capital cities throughout Australia.
“You can then store with us if you wish. It’s also easy to sell gold if your investment needs change. “There is a twoway market on the products; again, through the Perth Mint itself or our authorised distributors,”
Vance says.
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As global investors seek refuge from volatility and inflation in old world stores of wealth, the Australian gold sector is gearing up for world-leading production in 2024. Introducing the companies digging deep to meet the supercharged demand.
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Alto Metals (AME) Auric Mining (AWJ) Ausgold (AUC) Cazaly Resources (CAZ) Dateline Resources (DTR) Far East Gold (FEG) GBM Resources (GBZ) Greenstone Resources (GSR) Golden State Mining (GSM) Impact Minerals (IPT) Kaiser Reef (KAU) Kingwest Resources (KWR) Labyrinth Resources (LRL) Magnetic Resources (MAU) Manhattan Corporation (MHC) Marvel Gold (MVL) Miramar Resources (M2R) Mithril Resources (MTH) Mt Malcolm Mines (M2M) Peregrine Gold (PGD) PNX Metals (PNX) Sarama Resources (SRR) Saturn Metals (STN) Southern Cross Gold (SXG) Sunstone Metals (STM) Theta Gold Mines (TGM) Titan Minerals (TTM) Tombola Gold (TBA) Torque Metals (TOR)
Companies included in this Feature Companies section are advertising clients of Stockhead. The articles in this section have been developed in association with the companies featured. The views, information or opinions expressed in these articles do not represent the views of Stockhead. Stockhead does not provide, endorse, or otherwise assume responsibility for any financial product advice contained in these articles. *Figures for Market Cap and Share Price were sourced from asx.com.au
