Page 33 - Bullion World Volume 02 Issue 02 June 2022_Neat

Bullion World | Volume 2 | Issue 02 | June 2022

B2C, including those who regularly such product offerings likely to the price above $2,000/oz in local
purchase our minted product and appeal to millennials in Australia terms. AUD gold price returns over
collector coins online. (or in the developed world)? five years sit at more than 40% and
Investors today have access to 10-year growth is at 57%.
What is Perth Mint doing to make an increasing array of options, AUD gold is tracking higher this
gold more accessible? What be it cryptocurrencies, ETFs or year despite the most recent pull
has been the response to these gold trading platforms. Younger back in the USD price.
initiatives from investors? generations have been adopting
Precious metals investors are these new product offerings at a As we have already stated, investor
increasingly looking at alternative rapid rate but in the process are demand in gold is particularly
ways to purchase, manage and also experiencing the significant strong during times of global
store their assets. This has never market fluctuations associated with geopolitical turmoil, sharemarket
been more evident than during many of these new investment volatility and inflationary pressures.
times of global geopolitical opportunities, particularly with
turmoil, sharemarket volatility and cryptocurrencies. There has been a Comprehensive
inflationary pressures. Economic Cooperation
Gold has an investment track Agreement (CECA) between India
The Perth Mint offers highest record built up over millennia, and Australia. Is there something
quality precious metals products which is often forgotten in in the Agreement for the precious
and storage solutions to cater to the excitement surrounding metals segment?
all markets, from physical gold cryptocurrencies that have been We welcome the Comprehensive
bars and coins to online depository around for just a decade. What is Economic Cooperation agreement
products and investments in exciting is that a new generation between India and Australia, which
exchange traded products. of investors have entered the is based on mutual understanding,
market and are looking for new-age trust, common interests and the
Our Depository service safely and investment opportunities. shared values of democracy and
securely stores more than AUD $6 rule of law.
billion worth of precious metals for Many companies are looking to
clients, who range from individual introduce a precious metal-backed While the agreement is yet to
investors through to sovereign cryptocurrency. The Perth Mint specify precious metals, we look
wealth funds in more than 40 expects this type of product to forward to Australia’s evolving trade
countries. attract investors but not to the relationship with India – a large and
extent that it will erode traditional important gold market.
The new website and associated precious metal investment
marketing campaigns has helped products. The Perth Mint has long had a
promote these products to a wider presence in India’s gold market and
– and younger – audience and How has been the returns on continues to explore opportunities
reflects the investment needs and investments in Gold and Silver there. We are also watching
approaches of today’s investor. been in the Australian dollar? with interest the growth of the
Can you provide us with a new India International Bullion
This includes the opportunity for short, medium and long-term Exchange (IIBX) – the country's
customers to buy, sell and store perspective on this? first international bullion exchange
gold, silver and platinum online The gold price has had a very – which we expect will facilitate a
24-hours a day with the Perth Mint strong run in recent years. The gateway for higher bullion imports
Depository Online trading platform. Australian dollar-denominated gold into India.
price remains at long-term highs
Perth Mint website presents an and silver has been equally strong. Please attribute to Cameron
interesting article comparing While there was a modest 7% Alexander, Manager Business
cryptos and gold. Going forward, decline in the average AUD gold Development & Industry Research
do you see a possibility for gold price in 2021, this was on the back at The Perth Mint.
or silver-backed crypto (if it is of a 28% surge in 2020 and an 18%
already not available)? Would jump in 2019, which catapulted

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