Does anyone know what the Perth Mint payment requirements will be if on the release day you purchase your full allowance of 5 x 1 oz gold and 20 x 1 oz silver dragons? Or should we be filling ID paperwork out now? cheer$
Normal rules apply I would assume: http://www.perthmint.com.au/metalprices_bullion_coins_and_bars_buying_selling.aspx From the mint site: Customer Identification. For sales of $5,000 or more, acceptable certified identification for each customer is required before contract can be initiated by The Perth Mint. Certified ID documents must be posted to The Perth Mint, PO Box 6297, East Perth, WA 6892 with the original signature of the certifier. ID requirements for individuals is two certified photo ID documents (passport and driver's licence) which give the customer's full name, date of birth and residential address. ID requirements for all other entities, such as companies, trusts etc. are as in the Schedule of ID requirements. Payment by Cash. Payments of cash (over the counter) can be made up to $1,000 per person, subject to availability. If the transaction exceeds $1,000 a full payment will be made by direct credit. No part payments of cash can be made. Give them a call if you are unsure. I am sure they will point you in the right direction.
http://www.perthmint.com.au/metalprices_bullion_coins_and_bars_buying_selling.aspx The $1,000 limit is only if you're selling bullion to them (it appears under the CUSTOMER SELLING PROCEDURE heading). The website doesn't say if there is a cash limit for buying. ID-wise, bring your driver's licence and passport if you'd like to play it extra safe, I reckon. Disclaimer: I am not an employee of the Perth Mint (just a rabid fan) and as such this information, although true to the best of my knowledge, may not be accurate
Yeh I wondered about that limit! I have certainly seen a lot more than $1000 put over the counter before from people buying....
Yeah I saw a quite, gentle old Asian couple drop about $10K in Gold the last time I was there. They had to supply ID etc... so I would be prepared a little just in case.
They could have a whole lot of cash on site... But unless there is more than $4 Billion in cash it is still second best
No limit on buying with cash, we just fill out the cash transactions reporting form for AUSTRAC for anything over $10k. However, not many are comfortable carrying around large wads of cash, esp since it will get reported anyway.
