Euro Pacific is one of the few US dealers of the Perth Mint Certificate Program (PMCP) – I assume this is the gold that you would be buying from them
I like the PMCP – you get a certificate showing that you hold a certain number of ounces of metal at the Perth Mint – they offer allocated and unallocated storage programs – no storage fee for the unallocated program
Some analysts advise against unallocated programs because there is no specific metal set aside for you (as opposed to an allocated program which sets aside specific bullion coins and bars but you pay for storage) – I think the unallocated program at the Perth Mint is safer than at other depositories because they are a Mint – they are handling bullion everyday as part of their main line of business (Western Australia produces lots of precious metals) and the metal held in their unallocated programs is a minor percentage of their regular bullion trade – I may reconsider the allocated vs unallocated question again as the price of the metals continues to rise
