What is an AusMint Gold Pool Account?
A Gold Pool Account is a service offered by AusMint where you own a share of a pool of physical Gold that is held by AusMint on your behalf.
The Gold Bars and/or Coins which are part of the Gold Pool are specifically identified and certified. The Gold Pool is stored at the Westpac Vault in Sydney and insured under our Lloyds of London insurance policy.
The Gold Pool is audited by Deloitte with an Audit Statement sent to Gold Pool Account holders on a regular basis.
Why consider investing in a Gold Pool Account?
Your Gold Pool Account is simple to set up and to operate. You can buy in units of 1 ounce and as regularly as you wish.
A Gold Pool Account is a low cost opportunity to 'Trade' in Gold. You can buy and sell by simply making a phone call.
What price do I buy at?
This is the lowest cost for investing in Gold.
You buy at the Spot Metal Price plus a small Administration Fee.
There is no premium for manufacture, certification, delivery, storage or insurance. There is only an Administration Fee of A$15 per ounce per transaction.
What does the Administration Fee cover?
The Administration Fee covers all costs. It is a once only cost that applies when you make a buy or sell transaction.