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PMGOLD - Perth Mint Gold ETF

Sean K

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Perth Mint Gold

Tossing up between this and GOLD for buying some physical to track the gold price. Looks like it's tracking well at the moment. I assume they are tracking the gold price?

Might just buy both, not sure if there's any real advantage of one over the other?

Anyone prefer one over the other?

Screen Shot 2021-11-26 at 3.32.03 pm.png
 
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Perth Mint Gold

Tossing up between this and GOLD for buying some physical to track the gold price. Looks like it's tracking well at the moment. I assume they are tracking the gold price?

Might just buy both, not sure if there's any real advantage of one over the other?

Anyone prefer one over the other?

View attachment 133421
Perth mint has a top reputation, pretty safe to say all/most gold dealers will buy it back, for physical gold.
 
the fee structure of PMGOLD is interesting .... ostensibly at 0.15%pa, the website states:
* Management fees charged via end of calendar year unit reduction.
I held 1000 units at 31 Dec the previous year (about $24K), and had one unit deducted, so my balance reduced to 999 units. Evidently if you own 667 units to 1333 units, then the same 1 unit reduction applies.
It is my understanding than holding the next block from 1334 units up to 1999, then 2 units are deducted at 31 Dec..

I am not sure how it works for 666 units or less. And if you bought on 02 Jan and sold close to end Dec of same year, then management fees could likely be avoided? Brokerage in and out would still apply.
 
the fee structure of PMGOLD is interesting .... ostensibly at 0.15%pa, the website states:

I held 1000 units at 31 Dec the previous year (about $24K), and had one unit deducted, so my balance reduced to 999 units. Evidently if you own 667 units to 1333 units, then the same 1 unit reduction applies.
It is my understanding than holding the next block from 1334 units up to 1999, then 2 units are deducted at 31 Dec..

I am not sure how it works for 666 units or less. And if you bought on 02 Jan and sold close to end Dec of same year, then management fees could likely be avoided? Brokerage in and out would still apply.
Seems right..i thought the same about maybe get out /in around these dates
 
the fee structure of PMGOLD is interesting .... ostensibly at 0.15%pa, the website states:

I held 1000 units at 31 Dec the previous year (about $24K), and had one unit deducted, so my balance reduced to 999 units. Evidently if you own 667 units to 1333 units, then the same 1 unit reduction applies.
It is my understanding than holding the next block from 1334 units up to 1999, then 2 units are deducted at 31 Dec..

I am not sure how it works for 666 units or less. And if you bought on 02 Jan and sold close to end Dec of same year, then management fees could likely be avoided? Brokerage in and out would still apply.
A good point, however, that is $25 pa which in the large scheme of things I am told would not buy one a packet of cigarettes, nor rollies, nor two six packs of South Australian beer were one inclined in those directions. So it is all relative.

And speaking of relativities I feel gold is a good hedge against the $USD.

I hold PMGOLD as I do not have the wit nor sleight of hand to trade forex.

Could I ask @Sean K , @Dona Ferentes or some other member of ASF to put up some comparison charts of trading Gold vs USD with AUD?

gg
 
Read the PDS.

*READ THE PDS*

GOLD is allocated and HSBC custodian (if you trust them).

PMGOLD is unallocated, you are an unsecured creditor of the State Gov of WA.

*DEFINITELY READ THE PDS*
 
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