About Perth Mint Bullion Blog

This blog discusses The Perth Mint's bullion coins and bars, providing information about our latest designs, mintages, sales volumes and sell outs. On a broader front, we share relevant research and opinions for anyone interested in gold and silver bullion investing.

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What drives platinum?

Topics [ Australian Kangaroo platinum bullion coin ]

With our Australian Kangaroo 1oz pure platinum coin available from today, we look at the history and drivers of the ‘third’ investment metal.

Compared to gold, the amount of platinum mined throughout history is minuscule. Much rarer than gold, it’s estimated the entire stock would fit inside the average living room.

Platinum was worked by pre-Columbian Americans to produce artefacts of a white gold-platinum alloy. Because it proved difficult to separate from gold nuggets, the conquistadors are said to have considered it a nuisance!

We know it today as a derivation of the Spanish term platina, which literally translates as "little silver".


Offering investors the chance to acquire 99.95% pure platinum, The Perth Mint has released its 1oz Australian Kangaroo Platinum Bullion Coin for 2019.

When platinum reached Europe in the 18th century it was hailed as the eighth known metal - after gold, silver, copper, tin, lead, iron and mercury.

Scientific study went on to list it as an element – one of the basic chemical building blocks of matter. It is one of the so-called ‘transition’ metals (others being gold, silver, copper and titanium) because it bonds easily with other elements.

Denser and heavier than both gold and silver, platinum is extremely malleable (easy to shape) and ductile (stretchable). Under normal conditions, it’s also immune to corrosion.

Today, platinum is useful in a range of industrial, scientific and medical applications. Chief among these is its role in automotive exhaust emission control devices called catalytic converters. Platinum is particularly effective at converting harmful emissions such as carbon monoxide and hydrocarbons into water vapour and gases less damaging to the environment and human health.

Accordingly, around 40% of global platinum demand has been used in auto catalysts over the past five years. Meanwhile, jewellery accounts for the second largest slice - nearly 30%. Strongly associated with love, it enjoys particular esteem among buyers of engagement and wedding rings.

Historically, the price of platinum has tended to trade higher than gold. During the past decade, however, this situation has been reversed. As a measure of how many ounces of platinum you can buy with an ounce of gold, the current gold-to-platinum ratio is around 1.4.

Will platinum revert to its traditional premium over gold? Conventional wisdom suggests this should occur during periods of sustained economic stability and growth. For those who keep an eye on the price of platinum, declining supply from South Africa, which accounts for about 70% of the world's production, is another critical factor.



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Monthly Sales – November 2018

Topics [ Monthly sales figures ]

Total ounces of gold and silver sold by The Perth Mint in November 2018 as coins and minted bars:

  - Gold (Au): 64,308 oz

  - Silver (Ag): 876,446 oz

 

NB This chart shows total monthly ounces of gold and silver shipped as minted products by The Perth Mint to wholesale and retail customers worldwide. It excludes sales of cast bars and other Group activities including sales of allocated/unallocated precious metal for storage by the Depository.

The November chart includes an update to the number of gold and silver ounces sold as coins and minted bars in October 2018. Originally published as 36,840oz and 1,079,684oz respectively, the revised figures are 48,740oz and 1,088,506oz.


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New opportunity: 2018 Kookaburra with Panda Privy

Topics [ silver bullion coins Australian Kookaburra ]

Neil Vance, Group Manager – Minted Products introduces the 2018 Australian Kookaburra with Panda Privy Mark 1oz silver bullion coin to customers at the Beijing International Coin Exposition.

Struck from 99.99% pure silver, the coin portrays Australia’s famous bush bird and a privy mark representation of a giant panda. China’s national animal, the panda is an important symbol of peace, friendship, strength and balance.

Investors are urged to act quickly to secure this extremely limited opportunity which has a mintage of just 8,000. Australian clients are invited to place orders at perthmintbullion.com, visit our Bullion Trading Room at 310 Hay Street in East Perth, or contact Customer Services on 1300 201 112.

Overseas buyers should contact our Hong Kong distributor LPM Group Limited.



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New features abound on 2019 Australian Kangaroo gold bullion coins

Topics [ Australian Kangaroo gold bullion coins ]

The 2019 Australian Kangaroo series of 99.99% pure gold bullion coins is available for purchase from today.


A new rendition of Australia’s most potent animal symbol appears on the 1oz, 1/2oz, 1/4oz and 1/10oz releases, while the 1 kilo release features our classic ‘red’ kangaroo design.

Each coin is issued as Australian legal tender, which is signified for the first time by the new Jody Clark effigy of Her Majesty Queen Elizabeth II on its obverse.

The sixth portrait of the current monarch to appear on Australian coins since 1952 shows the Queen wearing the Royal Diamond Diadem, recalling the Raphael Maklouf portrayal adopted in 1985.

This year’s investor Kangaroos also include a security feature in the form a micro laser-engraved letter ‘A’ concealed within the reverse inscription. Only visible through a magnifying glass, this design innovation is intended to make counterfeiting extremely difficult.

The Perth Mint has manufactured Australia’s premier gold bullion coins for discerning investors for more than three decades.

Recognised for their unsurpassed quality and outstanding value, iconic Australian Kangaroos are sought worldwide for their fresh annual designs and the complete assurance offered through the Mint’s explicitly-stated government guarantee.

The 2019 Australian Kangaroo gold bullion coin series is available from The Perth Mint’s Bullion Trading Desk in East Perth, via the BullionLine 1300 201 112 or +61 8 9421 7218, and www.perthmintbullion.com.

Investors can also check the availability of these releases with leading bullion distributors.



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Monthly Sales – October 2018

Topics [ Monthly Sales ]

Total ounces of gold and silver sold by The Perth Mint in October 2018 as coins and minted bars:

  - Gold (Au): 36,840 oz

  - Silver (Ag): 1,079,684 oz

This chart shows total monthly ounces of gold and silver shipped as minted products by The Perth Mint to wholesale and retail customers worldwide. It excludes sales of cast bars and other Group activities including sales of allocated/unallocated precious metal for storage by the Depository.



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October effect may lie behind heightened interest in gold

Topics [ gold prices ]

We’re now a little over half way through the 10th month but the ‘October effect’ has seemingly jangled investors’ nerves again.

Some of the most notable stock market crashes have occurred during October, including the Panic of 1907, Black Tuesday (1929), Black Thursday and Black Monday (1929), as well as Black Monday (1987).

Volatility in global markets amid growing trade tensions, rising US interest rates and troubles in Europe with Brexit and Italian fiscal policies has some fearing another potential market correction.

Traditionally, gold has been the go-to asset in times of fear thanks to its historical negative correlation with equities and its ability to withstand depreciation over time.

 

However, following the GFC it has been hard to hold this traditional view.

Recently investors have witnessed any number of potentially destabilizing events but have remained largely indifferent to gold, maintaining confidence in the world economy to weather the storms.

That’s why it was interesting to read this article by Luke Burgess on Energy & Capital arguing that the price of gold is once again acting ‘normal’. For the first time in a long while, he sees a “return of normal trading behavior, where gold is actually used as a safe haven asset to hedge economic and market risk.”

One reason may be the number of bearish reports that are casting severe doubts over continued global growth.

Highlighting an increase in the level of risk among multiple global metrics, this week’s IMF Global Financial Stability report came hot on the heels of the recent sell-off of equities in the US, Europe and Asia – and the flight to safety in the form of gold.

The World Gold Council discusses the IMF report further in its latest Investment Update, which is available for download here.



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