Bloomberg:

U.S. investors are increasing their holdings of gold at the Perth Mint in Western Australia at an unprecedented pace as they seek to preserve the value of assets.

“We’re seeing a continuing, but heavy bias towards investors out of the U.S.” in the past three months, said Nigel Moffatt, 59, treasurer and manager of the mint’s depository. The value of gold held by all investors at the Mint has doubled to “comfortably over $2 billion” in the past year, with 80 percent from overseas, he said in an interview in Perth.

“The world at large does seem to understand innately that governments are bankrupting themselves and destroying paper currency,” said investor Jim Rogers, chairman of Singapore- based Rogers Holdings, in an e-mail.

The number of depositors at the Mint has jumped 50 percent in the past year and clients come from 84 countries as diverse as Mongolia and Kyrgyzstan, Moffatt said. Investors can buy through certificate and depository programs where their gold is stored at the Mint or they can buy coins to hold themselves.

Sales of the 1-ounce Kangaroo and other gold coins more than doubled to 199,840 ounces in the four months to the end of January from 76,792 ounces in the year-ago period, according to the Mint. Sales this month have already exceeded February 2008.

My comment: The Perth Mint is one way to buy gold. The advantage is your gold is held overseas presumably out of the reach of the US government. Other options are physical ownership of bullion, the Central Fund of Canada, GoldMoney, Bullion Vault, and may others. I neither endorse or have an opinion on any of them. I merely point out and repeat what I have said in the past. These governments created this depression with their fiat money and fractional reserve banking cartels and will do anything, including printing any amount of money to maintain the status quo. If you are one of the few who actually have any wealth left to preserve you may find that gold is a way for you to do that.

John Polomny
The Real Deal