The Perth Mint Certificate Programme (PMCP) is operated by the Perth Mint of Western Australia. The PMCP allows  investors, savers and pension funds to own investment grade gold, silver and platinum bullion stored in the vaults of the Perth Mint.

This product is Perth Mint Certificate unallocated platinum. The metal is stored in the vaults of the Perth Mint.

The Perth Mint is the trading name of Gold Corporation. It is the successor organisation of the Royal Mint’s Perth branch that was founded in 1899. The certificate programme is fully guaranteed by the Government of Western Australia. The government has received the highest AAA rating from international rating agencies. PMCP is the only government-guaranteed certificate programme in the world.


When you buy unallocated platinum through the PMCP, the Perth Mint issues a Precious Metal Certificate in your name, detailing the specific number of ounces of platinum that you own and that is stored on your behalf in the mint. PMCP unallocated platinum clients have legal title to the platinum stored in their unallocated account. Every certificate has a unique certificate number, and is akin to a certificate of ownership.

The quantity of platinum purchased will depend on the price per ounce of the metal and the amount that you have decided to invest. Perth Mint Certificates are highly liquid and can be sold through Marketsforu.

Upon settlement of PMCP buy orders, the Perth Mint will send Marketsforu a certificate confirming the quantity of unallocated platinum purchased. If you sell part of your PMCP holding, upon settlement the Perth Mint will send Marketsforu a new certificate confirming the quantity of platinum remaining.

The unallocated platinum is held as an asset on the balance sheet of the Mint, and the platinum that has been sold to clients is recorded as a matching balance sheet liability. Therefore the unallocated accounts are 100% backed by platinum and the asset and liability are fully matched. Any credit or insolvency risk is very unlikely given that the Perth Mint is owned by the Government of Western Australia.

In the Perth Mint Certificate Programme, none of the bullion is leased or lent out to the market, short positions are not allowed, and the Perth Mint does not use financial derivatives on its platinum. Perth Mint precious metals stored for clients are fully insured, and insurance is underwritten by Lloyds of London syndicates.

The Perth Mint undertakes full quarterly inventory stock takes using both internal and external auditors from major accounting firms in Australia. The audits are reviewed by the Auditor General of the State of Western Australia who is answerable to the State Parliament.