Perth Mint PMGOLD ETF (ASX:PMGOLD)
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.
PMGOLD share price & data
What does the PMGOLD invest in?
There are many different ways to invest in gold, the most difficult of which would be to actually buy physical gold from a mint and keep it under your bed – or probably in a safe – for a rainy day. Unfortunately, holding costs and logistics can make this strategy difficult, and ETFs can make getting the exposure to gold easier. Unlike many other gold ETFs, PMGOLD can be physically redeemed for any of The Perth Mint’s bullion coins and bars.
What do investors use PMGOLD for?
The PMGOLD ETF is designed to make life easy, allowing investors to gain exposure to physical gold via an ETF which can be bought and sold like shares. The PMGOLD ETF gives investors direct exposure to the underlying asset (gold bars) and returns depend on the international spot price of gold in Australian dollars, less fees and costs.
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