How's this going for those who bought into it ? Are you any seeing any financial gain while the markets are capitulating ?
What derivative are you talking about, we haven't issued any derivatives. Do you mean PMGOLD? That is a right to physical which is fully backed so no leverage.
I think he's referring to this: http://forums.silverstackers.com/topic-70120-perth-mint-asx-flag-new-gold-exchange.html
Yes whinfell that's exactly what I'm referring to. Last November it was announced there was supposed to be a collaboration between the Perth Mint and The ASX on derivative products. Wondering how people are fairing with such products in their portfolio ( if such products are even listed yet ). Maybe Bron can enlighten the community or any prospective investors to what are these products are ? With so many derivatives repackaged or rebranded it can all become so convoluted and oblique to the average punter. Are we talking futures ?
True, The first product is expected to be launched in the second half of 2016. Wonder what products they maybe referring to ? Thought they had already listed them after November 2015...Wait and see.
It is helpful if you read links http://research.perthmint.com.au/20...laborate-with-australian-securities-exchange/, I've posted it all below so you don't have to strain you finger clicking on the link The first product is mostly likely to be a gold futures contract deliverable in Perth. Given the focus the gold community has on futures markets, and Comex in particular, I'm sure there will be a lot of interest is this Aussie gold contract. As we are in the process of talking to the market about what features they would like, it is not possible to get into contract specifications at this time but I can make some general comments about the approach ASX and Perth Mint will be taking. Firstly, the Perth Mint's role will be solely on supporting the physical delivery part of the contract we are not issuing the contract or market making on it. ASX will list the contract and market it to their customers in Australia and Asia and traders worldwide. While this contract will trade 24 hours a day on ASX's globally connected network, given Australia is the second largest gold producer in the world and that the Perth Mint refines between 300 to 400 tonnes per year, we are sure that there will be a lot of interest in this contract from the physical traders in the Asian region. The integrated nature of the Mint's operations also means that unlike other futures contracts, which only offer warehousing, we will be able to offer shorts and longs flexible physical delivery choices that take advantage of the Mint's refining and manufacturing capabilities. The Perth Mint's Western Australian government guarantee will also give comfort to longs who want to stand for physical delivery and store gold with us. In addition, the fact that ASX backs its clearing with its own capital (which is not something all exchanges offer) will reduce counterparty and systemic risk.
Read this article a while ago. Thought it was a futures product. You would think Gold would be the first likely option. What would be other options ? It will be interesting to see how investors will view such a option with the current state of the markets. Although things may improve, but would anyone want any futures contracts if things get worse. Only time will tell.....
