Not to be confused with the ETF (AAAU) listed on NYSE Arca — which went by a similar name — Perth Mint Gold (PMGOLD) is a call option listed on the ASX that entitles the holder to delivery of 1/100th of a troy ounce of fine gold held at the Perth Mint.
Liabilities of Gold Corporation are guaranteed by the West Australian state government under section 22 of the Gold Corporation Act 1987, an Act of the WA Parliament.
Management fees of 0.15% p.a. are paid in physical gold.
Gold holdings of Gold Corporation are unallocated.
Further details regarding fees, custody and delivery are set out in their Product Disclosure Statement.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients.
Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter.
Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.