Perth Bullion

In Australia, gold bullion is a reliable investment, appreciated for its stability and ability to preserve wealth over time. Where you purchase gold can significantly impact whether you make a good investment or not, especially when considering whether to buy locally in Perth or online. This blog post compares the benefits and key considerations when purchasing gold bullion from local dealers and online stores, enabling you to make an informed decision. Understanding Gold Bullion in Australia Gold bullion is investment-grade gold in the form of a bar or coin, whose price is based mainly on weight and purity as opposed to face value or collectability. Bullion in Australia must be of investment quality to be exempt from GST; typically, this requires a minimum purity of 99.5% for bars and coins. The Perth Mint is the leading institution within the Western Australian Government that refines and certifies gold bullion, aiming to meet international standards. The Australian Securities and In...

The bullion investment market is well-established and growing increasingly in Australia, and gold, silver, and platinum are commonly regarded as effective stores of value. With economic uncertainty on the rise, more Australians are turning to precious metals to secure their financial future. The trend raises a crucial question: Why do many local investors use Australian bullion dealers instead of international sources when addressing their gold and silver needs? Who Is A Bullion Dealer? A bullion dealer is a person or firm that trades in precious metals (usually gold, silver, or platinum), usually in bars, coins, or rounds. These dealers sell investment-grade bullion products at current market prices, typically with a premium. Bullion dealers can operate online, have brick-and-mortar stores , or have a combination of both, and offer services such as secure storage, delivery, and buyback. They have a significant presence in the precious metals market, helping customers diversify their ...

Gold is also a preferred investment for Australians who want stability and long-term value. As more people are becoming interested in physical gold and exchange-traded funds (ETFs), it is essential to know the tax implications related to them. The non-compliance may be severely punishable. This blog explains the main tax consequences of purchasing, selling, or trading gold in Australia and what you need to report to the ATO. Understanding Gold as an Investment in Australia The gold in Australia is categorised as investment gold or collectable (numismatic) gold. Investment gold is usually bullion bars or government-coined coins and is generally purchased as a wealth preservation asset. In contrast, numismatic gold has the added value of being rare or historically significant. Investors can have physical possession of gold, exchange-traded funds (ETFs), futures, or contracts for difference (CFDs). Investment-grade gold is a financial product under Australian law, where it is traded throu...

Gold trading in Australia is an essential economic sector, involving individual and institutional investors. Legal compliance is necessary to be transparent and safe and to adhere to the regulations. This blog presents the major licenses required to trade in gold and the major regulatory agencies that ensure the rules are followed. Why Regulation Matters in Gold Trading The gold trading industry needs to be regulated so that there is no industry misuse and people have confidence in the financial system. Lack of control exposes the industry to financial crimes, including money laundering, tax evasion, and illegal sources of funds. The investor protection is enhanced by regulatory compliance and the integrity of the market in the long term. Provides transparent transactions and business practices. Saves investors from fraud and fake products. Ensures proper reporting to the authorities, including AUSTRAC and the ATO. The Australian government is very vigilant in trading precious metals b...