Revisiting PMGOLD

[Matthew19]

Anyone considered this again? Seems to have much less counterparty risk than other ETFs considering the custodian is Perth rather than these bankers. Seems to be the next best option to physical and would be an easy purchase on the ASX through Interactive Brokers. Am I missing anything?

In the scenario where you need gold to perform, you need it to be there.

[dualstow]

No link?

EDIT: Google says

Perth Mint (ASX:PMGOLD) ETF. The Perth Mint PMGOLD ETF represents a right to gold created by The Perth Mint, Australia's largest fully integrated precious metals enterprise. The ETF gives investors the ability to purchase Government-backed gold via the ASX, rather than holding physical bars themselves.

[Hal]

Personally, I prefer the Perth Mint Depository program. Less counterparty risk.

https://www.perthmint.com/invest/perth- ... y-program/
vs
https://www.perthmint.com/invest/perth- ... SX-PMGOLD/

Have been using the depository program for years. Absolutely no issues.

[Matthew19]

Personally, I prefer the Perth Mint Depository program. Less counterparty risk.

https://www.perthmint.com/invest/perth- ... y-program/
vs
https://www.perthmint.com/invest/perth- ... SX-PMGOLD/

Have been using the depository program for years. Absolutely no issues.

Interesting. any extra reporting required on the depository program?

[Hal]

Personally, I prefer the Perth Mint Depository program. Less counterparty risk.

https://www.perthmint.com/invest/perth- ... y-program/
vs
https://www.perthmint.com/invest/perth- ... SX-PMGOLD/

Have been using the depository program for years. Absolutely no issues.

Interesting. any extra reporting required on the depository program?

Only reporting I make is on my tax return if capital gains/losses incurred.
Made a sale last week. Just ring up, advise your account number and password. That's it. They then transfer funds to your nominated bank account.

[Matthew19]

Personally, I prefer the Perth Mint Depository program. Less counterparty risk.

https://www.perthmint.com/invest/perth- ... y-program/
vs
https://www.perthmint.com/invest/perth- ... SX-PMGOLD/

Have been using the depository program for years. Absolutely no issues.

Interesting. any extra reporting required on the depository program?

Only reporting I make is on my tax return if capital gains/losses incurred.
Made a sale last week. Just ring up, advise your account number and password. That's it. They then transfer funds to your nominated bank account.

What’s been your experience with the fees?

[Hal]

Personally, I prefer the Perth Mint Depository program. Less counterparty risk.

https://www.perthmint.com/invest/perth- ... y-program/
vs
https://www.perthmint.com/invest/perth- ... SX-PMGOLD/

Have been using the depository program for years. Absolutely no issues.

Interesting. any extra reporting required on the depository program?

Only reporting I make is on my tax return if capital gains/losses incurred.
Made a sale last week. Just ring up, advise your account number and password. That's it. They then transfer funds to your nominated bank account.

What’s been your experience with the fees?

Two invoices a year for a 1% storage fee which includes insurance. No other fees.