Gold Industry Group Chairman and Perth Mint Chief Executive Officer Richard Hayes, a precious metals industry expert, will headline a key group of speakers at the 7th Annual Precious Metals Investment Symposium, being held in Sydney in October.
A thought leader on the global precious metals market, Mr Hayes will share his knowledge and unique insights into the industry at the two-day event. He will also discuss the ‘case for gold’ and investing long-term in precious metals to build wealth and reduce risk.
When buying gold how do you know which brands to trust? How can you ensure you don’t get short changed on weight or purity?
Last month, Jordan Eliseo discussed the London Bullion Market Association (LBMA) accreditation process. While the LBMA’s “good delivery” only covers 400oz bars which would be out of the reach of most investors, accreditation ensures that the refining and bar manufacturing processes of an accredited company is of the highest standard. As a result, investors trust that any of the smaller bars produced by LBMA refineries will be of the stated weight and purity. A list of accredited refineries can be found on the LBMA’s website here.
The Perth Mint has unveiled stunning new designs of Australia’s official annual bullion coin program.
The 2017 suite of releases showcase Australia’s iconic fauna in their natural environment, and the tenth animal from the ancient Chinese zodiac as the lunar calendar enters the anticipated Year of the Rooster.
Australian mining and civil construction contractor BGC Contracting has joined the Gold Industry Group.
BGC Contracting CEO Greg Heylen said the company was pleased to join the group which was making such an important contribution to the long-term future of the gold industry.
A unique initiative has been launched today to give Resolute Mining Limited shareholders the opportunity to receive dividend payments in gold.
Resolute has today announced a dividend of 1.7c per share following the adoption of an innovative gold sales-linked dividend policy. Their partnership with The Perth Mint will provide shareholders with the opportunity to receive dividend payments in gold.
Despite the fact it is produced around the world, and purchased by a diverse range of investors all over the globe, trading in the wholesale physical gold market is still centered in London.
The London Bullion Market Association (LBMA) is an international trade association, representing the London market for gold and silver bullion. It was set up in 1987 by the Bank of England (BoE), which was the bullion market regulator at the time.
Last month the Gold Industry Group attended ABC Bullion’s sold out seminar; “The New Bull Market in Precious Metals”. It was evident gold is in focus as more than 600 investors, finance professionals and media filled the Ivy Ballroom in Sydney.
Key-note speakers were Evolution Mining Executive Chairman Jake Klein and Cor Capital Executive Director Tom Rachcoff.
Why is money like oxygen? There is a lot of it around, and we use it all the time. Like oxygen, not surprisingly, we end up taking it for granted.
Find out the role of gold as a monetary asset and why it has been well understood across the centuries.
Diggers & Dealers was a buzz this year bringing a touch of gold fever to Kalgoorlie with close to 60% of the program made up of gold presenters and a number of deals made.
Here are some of the Gold Industry Group’s highlights from the 25th year of Diggers.
The Gold Industry Group has announced a long-term, community engagement project in Perth expected to attract millions of students, tourists and families.
The virtual Heart of Gold Discovery Trail and gold panning activity in Elizabeth Quay will provide a fun and interactive way for visitors to learn about Western Australia’s storied gold industry and its importance to our economy.
The Gold Industry Group had the pleasure of talking to Ramelius Research Geologist and Geochemist Dr Jackie Rotherham recently. We discovered the ins and outs of her role and the exciting challenges ahead of her.
Read about the importance of the Gold Industry Group, the storied history of gold in Australia, our members - The Perth Mint, Doray Minerals, Ramelius Resoucres and Gold Fields Australia - in The West Australian "A Golden Future" Liftout published 20 July, 2016.
Australia’s largest precious metals event and the peak body of the country’s gold sector have come together in partnership at a time when enthusiasm for precious metals is at its highest in several years.
With many gold companies’ share prices having doubled and the Australian dollar gold price nudging record highs, the organiser of the Precious Metals Investment Symposium, Kerry Stevenson, says: “Our collaboration with the Gold Industry Group is a fantastic way to show the strength of the industry and its importance to Australia’s economy.
The Premier of Western Australia, the Honourable Colin Barnett MLA, today unveiled the world’s first coin to feature a significant red diamond from Rio Tinto’s iconic Argyle Diamond Mine.
A world exclusive from The Perth Mint, the Kimberley Treasure coin is the only coin in its class.
Valued at $1million, the breathtaking collectable has been crafted from one kilogram of 99.99% pure gold, and features a radiant 0.54 carat red diamond unearthed from the famed outback mine in the East Kimberley region of Western Australia.
Stock to flow is arguably the most important concept for investors to understand in order to appreciate why gold is not a ‘commodity’, but rather a monetary metal.
Stock to flow is calculated simply by dividing the total existing supply of a particular commodity by the annual production of that commodity.
Last month Gold Industry Group member ABC Bullion launched its Gold Saver; a direct debit savings plan linked to physical gold and silver assets.
The ABC Bullion Gold Saver works like a traditional savings account but instead of saving in Australian dollars, funds are invested in gold or silver.
In our last article on gold supply, we mentioned that one needs to be careful applying conventional commodity supply/demand analysis to gold.
Unlike many commodities, the share of industrial uses is very small, less than 10%. Most gold demand is either jewellery or investment of one sort or another.
The recent success of a grant funding application caused quite a whirl at the WA Centre for Rural Health (WACRH). The Mount Magnet team are in receipt of a Fender Blender Smoothie Bike.
Early this year WACRH applied for funding through the Shire of Mount Magnet’s Ramelius Resources Gold Community Benefit Fund to co-purchase a blender bike.
This new fund has generously been made available by local gold mining company Ramelius Resources to the Mount Magnet local community for the next three years.
Last week the Gold Industry Group held its inaugural industry networking event at the historic Perth Mint. The event was attended by the Minister for Mines and Petroleum, Honourable Sean L’Estrange MLA, and 90 members and industry colleagues to discuss the future of Australia’s gold industry and the vision of the Group.
Perth Mint Chief Executive Officer and Gold Industry Group Chairman Richard Hayes spoke about the importance of the Group and what it can achieve collectively.
When looking at any commodity, mine supply is an important factor into the overall supply/demand balance. The cost involved in getting a mine into operation can mean that they will continue to operate and produce their commodity at a consistent rate as long as the market price is above cash costs. The time involved in finding and building a mine can mean that increases in price do not result in new supply immediately coming into the market – often that occurs years later.
