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Investment
With gold breaking through AUD$2,000, the outlook for gold mining equities is immense. How can gold producers take advantage of this new gold bull market?
Jake Klein, Evolution Mining Executive Chairman, will provide the answer in his keynote presentation at ABC Bullion’s National Conference 2019: A Global Case for Gold.
The Perth Mint has unveiled Australia’s greatest gold icon in New York City for a rare one day event to celebrate the official launch of The Perth Mint Physical Gold Exchange Traded Fund (NYSE Arca: AAAU) on the New York Stock Exchange.
The one-of-a-kind Australian Kangaroo One Tonne Gold Coin is recognised by Guinness World Records as the largest coin ever created. Tipping the scales at 1,000kg of 99.99% pure gold, and measuring 80cm wide and 13cm deep, this masterpiece of precious metal engineering and craftsmanship is valued at more than AUD60million
Meet Technical Coordinator Amanda Wang, as she takes us behind the scenes at ABC Refinery, from perfecting Australia’s precious metals to the latest technology.
Australia’s biggest new gold mine, Gruyere, reached a major milestone over the weekend pouring its first gold bar.
Located east of Laverton in Western Australia, the Gruyere Gold Project is a joint venture between Gold Road Resources and Gold Fields, which is expected to operate for the next 12 years and create 350 full time jobs.
Australia’s largest precious metals event, the Precious Metals Investment Symposium (PMIS), returns in October for its 10th year, bringing together explorers and producers, to bullion companies and other investment vehicles.
To be held on 24 to 26 October 2019 at the Sofitel Wentworth in Sydney, New South Wales, the Gold Industry Group (GIG) is an industry partner of the event for the 4th year, alongside member sponsors The Perth Mint, G4Si and ABC Bullion.
Last month’s RIU Explorers Conference was the biggest yet, with resources companies, brokers, funds, bankers, investors, government and suppliers come together to discuss exploration and production successes and opportunities.
Now in its 18th year, the conference featured a number of Gold Industry Group members.
The Perth Mint has expanded the market for Australian gold in China with its recent appointment as an International member of Shanghai Gold Exchange (SGE).
As an International member of SGE, The Perth Mint would now also gain access to an extensive network of gold distributors trading directly on the SGE platform throughout China.
The Perth Mint has launched an exciting new smartphone app – GoldPass™ – during the opening day of Precious Metals Investment Symposium 2018.
At the touch of a smartphone screen, GoldPass™ gives retail investors the unique ability to securely buy, store and sell gold via digital certificates. The app also allows the instantaneous transfer of gold to other approved GoldPass™ app users.
Attracting the who’s who among the globe’s greatest precious metals investors, Western Australia – which accounts for more than 70% of Australia’s overall gold production - has cemented itself as a major destination to explore and mine for the famous yellow metal.
With this in mind, Australia’s largest precious metal event, The Precious Metal Investment Symposium (PMIS), has this year pulled up stumps and relocated from Sydney to WA’s capital and world-renowned mining hub, Perth.
This month marks the 10 year anniversary since Lehman Brothers, one of the highest profile casualties of the Global Financial Crisis (GFC), went bankrupt in the United States.
We spoke to Gold Industry Group Company Secretary Bron Suchecki, who was working at The Perth Mint at the time, and ABC Bullion Chief Economist Jordan Eliseo, about their memories from that time period.
Should central banks hold gold?
From the late 1980s into the new millennium the answer appeared to be in the negative, with global central bank reserves declining from around 36,000 tonnes to under 30,000 tonnes.
The Perth Mint recently launched the Perth Mint Physical Gold ETF (NYSE Arca: AAAU), the first exchange-traded fund with sovereign-backed gold trading on the New York Stock Exchange (NYSE).
AAAU is guaranteed by the Government of Western Australia, with shares exchangeable for delivery of a wide range of gold products.
The Minister for Mines and Petroleum, the Honourable Bill Johnston MLA, today unveiled Australia’s most valuable legal tender collector coin crafted by the historic Perth Mint.
One of a kind and valued at $2.48 million, the Discovery gold coin features argyle pink diamonds and is the Mint’s most exclusive and notable numismatic release to date.
Presenting to a crowd of 500 West Australian Mining Club members in May, Stuart Tonkin, Chief Executive Officer Northern Star Resources, began by ensuring their view of the gold industry’s future was seen through rose-coloured glasses.
As CEO of one of Australia’s largest gold producers and a Director on the Gold Industry Group Board, Stuart said future proofing the gold sector through investment in exploration was key to staying steady and maintaining current production levels.
ABC Refinery is now officially accredited by the Shanghai Gold Exchange (SGE), making it one of only seven international companies who can sell gold into the world’s top gold consuming nation.
A crucial network for trading gold in China, all official gold sales within China must occur through the SGE making it the primary gateway into the world’s largest gold market worth over A$341 billion annually.
In collaboration with The Perth Mint, InfiniGold has released the latest innovation in gold investment – a flexible digital gold product compatible with a wide range of technology platforms including blockchain.
InfiniGold digital gold certificates offer institutions the opportunity to present investors with a new, secure and easy way to trade, hold and transfer physical gold.
Ask most people that work in finance what they think about Bitcoin, and the likely response will be; “it’s a bubble”.
Google certainly seems to think so too, with “Bitcoin is a Bubble” returning 31,800,000 results, proof of how many times people have, incorrectly so far, called a top in the price of the world’s most famous cryptocurrency.
The Perth Mint has created a strong new market for Australian gold producers with Chinese investors now buying more than 230 tonnes of Australian gold bullion, worth $11 billion, on the Shanghai Gold Exchange every year.
Given the incredible rally in the price of Bitcoin (BTC), and other crypto-currencies like Etherium this year, there has been no shortage of interest in this space, with precious metal investors asking whether or not BTC is basically a digital version of gold and silver or not.
The Premier of Western Australia, the Honourable Mark McGowan MLA, unveiled a $1.8 million one-of-a-kind coin collection crafted by The Perth Mint this week.
The Australian Trilogy celebrates a selection of the nation’s natural treasures and is the Mint’s most significant numismatic release for 2017.
