Did you know… That the Perth Mint is owned and guaranteed by the Western Australian Government?
Furthermore they have a product where you can buy and hold gold with no storage charges (also silver and platinum). You need to get their Depository Online account and buy unallocated gold.
Take note of the following:
(1) There is another product called the Depository Program. This is different from the Depository Online product. The Depository Program is for people who don’t know how to use a computer and want to place orders by phone. Think of it as private banking for gold customers. The minimum order and the fees are higher for this product.
(2) This is technically a PAPER GOLD investment. However Perth Mint assures us that it is fully backed by gold as it is secured over their inventory and never lent to other people.
(3) There are charges for buying and selling. Currently a 1% commission.
(4) You must have a USD or AUD bank account IN YOUR NAME to make deposits and withdrawals. For AML and KYC purposes they will not allow third party deposits and withdrawals.
A guide on how to navigate to it and signup is provided below.