Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)

Australian Mining Company Offers Gold Dividends Option

  by    0   0

Holding physical precious metals continues to be in high demand around the world. In fact, the need for physical gold is so high that Australian-based mining company, Resolute Mining, is offering to pay out investor dividends in the yellow metal.

In an unprecedented move, the mining company’s new policy states that “shareholders with more than 5,000 shares can opt to receive their dividend payment in gold through a personal account held with the government guaranteed Perth Mint.”

perthmint-resolute

John Welborn, Resolute’s Managing Director & CEO, with Richard Hayes, The Perth Mint’s CEO

According to Resolute’s managing director and CEO, John Welborn, the idea is a result of company’s “solid production” and “robust financial position”. Resolute is making a record net profit after taxes of $213 million for the 2016 financial year.

What’s more, the move will allow shareholders to “safely store and accumulate Resolute dividends in gold and have the ability to convert their gold balances into cash or physical gold bullion.”

“Resolute’s new gold sales-linked dividend policy rewards our shareholders by providing a sustainable income stream that allows direct participation in our ongoing production success,” said Welborn.

In a way, Resolute is not only providing their investors with the option to convert their gains into gold but also moving back to its own form of gold standard. It’s an option open to few companies. (Apple would probably never pay its investors in iPhones.)

Resolute’s golden move is more than just windfall profits for mining. It comes at a time of falling global interest rates, low bond yields, a weak dollar, and an impressive year for gold, (up 26% this so far in 2016). Any way you slice it, it’s a great time to buy gold to diversify your portfolio and retain your wealth.

Get Peter Schiff’s latest gold market analysis – click here – for a free subscription to his exclusive weekly email updates.
Interested in learning how to buy gold and buy silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!


Related Posts

Gold Hits New All-Time Record High

Gold hit a new all-time nominal high, surpassing the previous record set in December of the previous year. The precious metal’s price reached approximately $2,140, indicating a robust and continuing interest in gold as a safe-haven asset, despite a rather peculiar lack of fanfare from the media and retail investors. This latest peak in gold […]

READ MORE →

Is a Weak Yen Feeding the Global Gold Bull?

The gold price has been surging, with unprecedented central bank demand gobbling up supply. It has been a force to behold — especially as US monetary policy has been relatively tight since 2022, and 10-year Treasury yields have rocketed up, which generally puts firm downward pressure on gold against USD. 

READ MORE →

World Gold Council: “Blistering Central Bank Buying” Fuels Strong Gold Demand

Total gold demand hit an all-time high in 2023, according to a recent report released by the World Gold Council. Last week, the World Gold Council (WGC) released its Gold Demand Trends report, which tracks developments in the demand for and use of gold around the world. Excluding over-the-counter (OTC) trade, 2023 gold demand fell slightly from 2022 […]

READ MORE →

VIX – The Calm Before the Storm

The VIX, often referred to as ‘Wall Street’s fear gauge,‘ is currently portraying a sense of calm among investors, registering well below the 20 level. 

READ MORE →

Four States Consider Lifting Taxes on Precious Metals

Citizens of Georgia, Kentucky, Wisconsin, and Kansas may soon enjoy lower taxes on precious metals if recently introduced pro-metal bills are made law in 2024.

READ MORE →

Comments are closed.

Call Now