Perth Mint Depository Distributor Online
Financial experts all over the world suggest allocating a percentage of your portfolio to precious metals (like gold) regardless of your goals. And the newest investing platform from The Perth Mint allows you to do just that—but with more flexibility and at lower premiums than ever before.
ASI and The Perth Mint have partnered to bring you the world’s most cost-effective and flexible way to buy, sell, store, and deliver gold, silver, and platinum 24/7 online under an explicit government guarantee. All the metals purchased through the Perth Mint Depository Distributor Online (PMDDO) are Perth Mint-issued bullion from the Mint’s working inventory, and investors even have the option to store their metals for free* in one of the world’s most secure storage facilities. Because PMDDO is entirely online, investors can manage their precious metals from any location, at any time of day.
Benefits of PMDDO
PMDDO caters to your investment needs by offering 24/7 access where you can manage your account on your own time, see live pricing, and buy and sell precious metals at any time of day. Because your account is entirely online, you are able to see the value of your holdings in real-time—which means you don't have to manually calculate their value on your own!
Another added convenience of PMDDO is when you are ready to liquidate your metals, you'll receive your funds at an expedited rate. The Perth Mint can even process some withdrawals on the same day! ASI also makes it possible to buy and sell precious metals in any currency through PMDDO—so no matter where you live, it’s possible to easily manage your portfolio.
For over 100 years, The Perth Mint has earned its reputation as one of the most trusted precious metals facilities in the world. The Perth Mint currently stores over $3 billion AUD in its state-of-the-art vaults and is backed by an explicit government guarantee outlined by the Gold Corporation Act 1987. When you open a PMDDO account, your holdings are secured online by 128 SSL encryption and are 100% backed with comprehensively insured physical precious metals.
All of the vaults at The Perth Mint are Category 11 vaults that meet AUS/NZ Standards 3809 and vault specifications outlined by their underwriters. In addition to these security precautions, The Perth Mint is monitored 24/7 by video recordings that are retained and controlled electronically from a Class 1 Security Control Room.
The Mint is one of only a few global precious metals refiners accredited by all five of the world’s major gold exchanges, including the New York Commodities Exchange (COMEX) and the London Bullion Market Association (LBMA). These accreditations ensure the Mint’s branded bars are internationally tradeable.
PMDDO is an online platform that allows all investors—big or small—to trade precious metals at some of the lowest prices in the industry! All that’s required to open an account is a $50 transaction minimum, and premiums start as low as 0.20%. You can also start a gold and silver savings account for as low as $50 per month.
Physical precious metals like gold and silver are an ideal investment to set aside and watch grow over time. An online savings plan with PMDDO allows you to purchase gold and silver for as little as $50 per month—in very much the same way as a savings account. The online savings plan makes it possible to steadily build your holdings each month for just 50% of the applicable transaction fee (which is based on the size of your trade).
For your convenience, you can set the amount you wish to save each month, and your fees will be automatically withdrawn from your account. If you allocated $1,000 to your savings account each month, for example, the normal 1% transaction fee would be reduced to just 0.5%—so all you would owe is $5 per month!
Minimums for the Perth Mint Depository Distributor Online are as follows:
- Minimum transaction amount of $50
- Gold and silver savings plan for as low as $50 per month
Documents Required for Individual, Joint, and Sole Trader Accounts:
- Passport (does not need to be certified)
- Bank statement or bank confirmation letter (does not need to be certified)
If a passport is unavailable, then original certified photocopies of two of the following documents will be required along with the bank statement:
- Driver’s license
- National identity card (with photo and signature)
- Proof of age card (with photo and signature)
- Birth certificate
Buy/Sell fees are based on the dollar amount held in storage.
|$50 - $10,000||1%|
|$10,001 - $100,000||0.95%|
|$100,001 - $250,000||0.75%|
|$250,001 - $500,000||0.50%|
|$500,001 - $1,000,000||0.25%|
PMDDO Storage Fees
- Allocated gold is 1% per year
- Allocated silver is 1.90% per year
- Pool Allocated silver is 0.95% per year
- Unallocated gold, silver, and platinum is FREE
Steps to Complete Your PMDDO Account
Perth Mint Certificate Program
The Perth Mint Certificate Program (PMCP) allows you to store your precious metals holdings internationally, and clients are granted legal title to precious metals stored in unallocated, allocated, or pool allocated accounts. The PMCP is ideal for those looking for confidentiality, flexibility, and a safe haven for their precious metals holdings. For more information about PMCP, please call us at 800-831-0007.
*Free storage is available for unallocated gold, silver, and platinum.