Overview
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, 24 hour monitored market orders
and geographical location swaps.
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% transaction 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.
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