The Perth Mint storage account fees

Fees charged by The Perth Mint for buying and storing precious metals are outlined below. Fees will be charged in the currency you chose when setting up your account.

Transaction, storage and fabrication fees may be charged on investment products. The fees that apply to each product may vary and are outlined below.

Transaction fees

Depository Online

Transaction fees for Depository Online are based on the metal value of the transaction, as outlined in the table below. The minimum trade is $50.

Depository Program 

Under the Depository Program, transaction fees are based on the value of your account and the fees below will apply to all transactions no matter how small your trade is. The minimum trade size is $5,000.

Your current country of residence, not citizenship, determines whether you are an Australian/New Zealand client or an international client. Fees will change if you move to another country.

Australia and New Zealand clients

 International clients

Market orders and LBMA benchmark orders

Market orders can only be placed within 10% of the current market level based off The Perth Mint spot price at the time of the request for gold, silver or platinum. Limit orders that fall outside of the 10% margin will not be accepted.

Market orders and LBMA benchmark orders attract the following fees:

Certificate Program

Under the Certificate Program a minimum trade size of $5,000 applies and a fee of $50 will be charged for each certificate issued.

For transaction fees please contact your local distributor as each has its own transaction fee schedule. Find a distributor here.

Storage fees

The following storage fees apply for our Depository Online, Depository Program and Certificate Program.

When storage fees are charged

For Depository Online, storage fees are calculated on daily basis using The Perth Mint Spot price closing rate for gold, silver and platinum, and are deducted from your cash account monthly.

For Depository Program and Certificate Program, storage fees are charged to your account at the beginning of each quarter and invoiced six monthly in arrears on 30 June and 31 December.

Withdrawing funds

If you withdraw all funds from your account which has no metal left in it, then amounts due from unbilled storage fees, overdue storage fees or trades will be deducted from any payments due to you.

Currency

Storage will be charged in the default currency of your account, which is determined by country of residence.

Fabrication fees

Unallocated metal

Unallocated metal does not attract a fabrication fee.

Pool allocated metal

Pool allocated silver attracts a fabrication charge of $0.50 per ounce for the Depository Program and Certificate Program, and 1.50% of the metal value for Depository Online.

Allocated metal

Allocated bullion fabrication charges depend on the bar, as per the table below:

Gold cast bars

* Some products may be temporarily unavailable due to production lead time constraints.

Silver cast bars

* Some products may be temporarily unavailable due to production lead time constraints.

Important information about fabrication fees

• Coins are not available in the Depository.
• Fabrication fees are not refundable and are subject to change without notice.
• The fabrication charges shown above may at times be reduced in line with special offers.
• The Perth Mint Depository offers cast bars only and they are not sold in packaging.
• Only the 1kg gold bar, 400oz gold bar and 1000oz silver bar have serial numbers.
• The weight of 400oz gold and 1000oz silver London Good Delivery bars varies per bar. Visit the LBMA site for the specifications of these bars.