3 Ways To Play The Gold Price Rise, On The ASX
Sure, you can hide gold bars under your bed. But what if you want to keep your gold in your ASX portfolio?
Perth Mint Gold (ASX: PMGOLD)
Perth Mint Gold Structured Product (ASX: PMGOLD) is an exchange-traded product (ETP) listed on the Australian Securities Exchange, offering investors a simple and cost-effective way to gain exposure to gold.
Each PMGOLD unit represents 1/100th of a troy ounce of gold, fully backed by physical bullion stored at The Perth Mint. The holdings are guaranteed by the Government of Western Australia.
PMGOLD is structured as a call option under ASX Market Rules and tracks the international price of gold in Australian dollars. The product has a management fee of 0.15% per annum and can be traded like a regular share through a stockbroking account. Investors have the option to convert their holdings into physical gold via a Perth Mint Depository account, subject to applicable fees.