scroll

Gold ETF’s in particular PMGOLD

Advanced Search

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

Ask a question

The Latest Q&A

Question asked 14/05/2021

Gold ETF’s in particular PMGOLD

I’m bit unsure of the new site. I'm trying to find info on Gold ETF's in particular PMGOLD. Thanks Pete

Answer

Hi Pete,

Thanks for the question as MM hasn’t previously covered the Perth Mint Gold which trades on the ASX and intends to track the international gold price in Australian Dollars – unlike many gold products this can be exchanged for physical gold bars if you want an expensive door stop! The management fee of 0.15% is very attractive plus its very liquid making it an excellent product.

This is actually structured as a warrant rather than an ETF. We remain bullish Gold and hold various stocks and ETF’s across the MM Portfolios. We view PM Gold as a sensible way of holding gold.

chart

Spot Gold ETF (PMGOLD)

LAST UPDATED 14/05/2021 15:40

Latest Reports

Afternoon report 16/04/2024

The Match Out: The selling picks up the pace, data drives the weakness

The local market is now on a 4-day losing streak – its worst run since January (5 sessions) – with today being the worst of the batch. As we said this morning, US stocks are leading the weakness, having fallen for six consecutive days; their worst losing streak since June. Equities were on the back foot early following a soft session overnight, stemming from strong-than-expected retail sales numbers, which put pressure on rate cut expectations. Early buyers were hurt today with the market not “feeling right all day”, come the close, 92% of the ASX200 finished down, and not surprisingly, all sectors finished lower today, though there was some relief late in the session as the index closed 27pts / 0.35% off the lows.

Morning report 16/04/2024

What Matters Today: Will banning Russian metals by the LME move the proverbial goalposts?

The London Metal Exchange (LME) has banned the delivery of Russian metal following tough sanctions imposed by the US and UK. The LME is a central market for metals such as aluminium, copper, and zinc. If the supply taps are turned off, prices will likely rise as they did overnight, e.g. over 90% of the aluminium on the LME is of Russian origin. However, prices have a tendency, just like water, to move in the path of least resistance and with plenty of buyers still happy to take delivery of Russian metal, by whatever means, advances are likely to be controlled in nature, assuming they do occur.