Core Bullion Traders Secure Australian Gold Certificate

Dublin-based Core Bullion Traders (CBT) has been announced as one of just three European distributors for the Perth Mint Certificate Program (PMCP), which aims to appeal to those looking to invest in a precious metals asset without having to physically store gold.

According to CBT commercial director Nigel Doolin, the transaction is expected to result in sales of around 3.2 million euros over the next three years.

Owned by the Government of Western Australia, the PMCP is the only government-guaranteed gold investment and storage scheme in the world.

It’s targeting a new cohort of investors because there are no storage fees typically associated with gold, Doolin said.

He says investors are exiting cryptocurrencies and turning to gold — but have little interest in physical bars or bullion. He added that since the cryptocurrency crash began, CBT has moved over $1.5 million from crypto to gold.

“Crypto is volatile – and long-term investors hate uncertainty. While traditional money has gone to art and gold in times of crisis, it is now being sought by a new type of investor who might be saving for a down payment on a house.”

A certificate scheme like the PMCP is also the only way to invest in gold through your pension fund in Ireland, which satisfies the requirement that pension assets be under the control of the pension trustee rather than the plan member, he said. Core Bullion Traders Secure Australian Gold Certificate

Fry Electronics Team

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