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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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Silver Kangaroo bullion coin sales jump to new heights

BULLION BARS AND COINS

Sales of The Perth Mint’s 2016 Australian Kangaroo 1oz silver bullion coin have reached 10 million.

Introduced to the market in September 2015, sales of the new release were anticipated to reach 5 million coins in its introductory year.

Commenting on the coin’s worldwide success, Perth Mint Chief Executive Officer, Richard Hayes said: “Now that we can better gauge the popularity of the release, we predict sales in excess of 12 million this coming year.”

The Australian Silver Kangaroo is part of the official Australian Bullion Coin Program, which includes the renowned Australian Kookaburra, Koala, and Australian Lunar silver series. The popularity of the 1oz release in each series is especially evident, as these issues sell out of their limited mintages consistently each year.

With this in mind, the Silver Kangaroo was issued in a 1oz weight only and to an unlimited mintage. “We made sure that the new Kangaroo satisfies investors’ key aims – to secure an asset which features an Australian icon – to secure silver at an affordable price – to add 9999 fine silver to their portfolio – and to stack precious metals in convenient one ounce coins,” added Richard Hayes.

The 2016 Silver Kangaroo and the complete suite of Australian bullion coins are available from The Perth Mint’s Bullion Trading Desk in East Perth, via the BullionLine 1300 201 112 (Australia), +61 8 9421 7218 (International) or at www.perthmintbullion.com.



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2015 Silver Kangaroo available now

Topics [ buy silver online Australian Kangaroo buy silver coins ]

BULLION BARS AND COINS

Following on from this recent announcement, The Perth Mint is pleased to advise that the 2015 Australian Kangaroo 1oz silver bullion coin is now available for sale in Australia.

 

The coin may be purchased individually, in tubes of 25, or monster boxes of 500 coins from the Bullion Trading Desk at The Perth Mint, 310 Hay Street in East Perth. Orders can also be placed via the Mint’s dedicated BullionLine 1300 201 112, or at www.perthmintbullion.com.

Stocks are limited.



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Gold price spikes high in Aussie dollars

Topics [ gold prices ]

GOLD PRICE

When the nightly newscaster reports the price of gold per troy oz, more often than not it is quoted in US dollars. That’s because gold is traded on commodities markets in US dollars. Of more interest to investors in Australia, however, is the price of gold in our local currency.

Gold looks more affordable in Australia when the Aussie rises against the US dollar. Conversely, it becomes more expensive when the Aussie weakens against US dollar. So whether you’re buying or selling gold, it makes sense to keep an eye on this important relationship.

 

The red line in this graph shows the price of gold* in US dollars for the past six months. The blue line shows the gold price in Australian dollar terms over the same period. The latter reflects not only the inherent value of gold, but also the relative strength of the Aussie against the Greenback.

Amid Brexit and other global concerns, gold priced in Australian dollars is currently near record highs at around AU$1,800.

*Perth Mint Spot Price



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Monthly Sales – June 2016

Topics [ gold coins minted bars silver coins ]

SALES STATISTICS

Total ounces of gold and silver sold by The Perth Mint in June 2016 as coins and minted bars.

  - Gold (Au): 31,368 oz

  - Silver (Ag): 1,220,817 oz

This chart shows total monthly ounces of gold and silver shipped by the Minted Products division of 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.

Stronger investor sentiment in June resulting from the UK’s Brexit vote helped reverse the decline in sales of Australia coins and bars evident over the past two months.

Up sharply to 31,368 ounces, sales of gold coins and minted bars were 49% ahead of the previous month.

Likewise, silver coin sales were higher, up 25% to 1,220,817 ounces - making June the ninth month out of the previous 10 in which sales have exceeded 1 million ounces.

Compared to the June 2015 figure of 384,586 ounces, silver sales during the latest month are up an extraordinary 217% which has been achieved with the help of the new Australian Kangaroo 1oz silver bullion coin launched by The Perth Mint in September.



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Silver - the Devil’s metal - brims with opportunity

DEPOSITORY

The gold price recently powered higher in response to the UK’s surprising Brexit vote and has continued its momentum as other global concerns have arisen.

Another metal traditionally viewed as a safe haven in times of uncertainty is silver.

For some days after the vote, silver prices remained relatively static. But late last week the price of silver shot up dramatically.

When gold becomes pricey, some investors look towards silver instead. This may explain why the price did not react immediately.

Earlier this week, however, silver leapt to over US$21 per ounce for the first time in two years. At the same time, the gold/silver ratio, which reflects how many ounces of silver it takes to buy an ounce of gold, dropped to a 12 month low.

Even though some analysts think silver could continue to outperform gold for some time to come, history suggests it won’t all be plain sailing. After all, this is the “Devil’s metal” we’re talking about!

Silver prices are notoriously volatile. Large spikes followed by dramatic crashes are a familiar feature of the silver market, often related to fluctuations in industrial demand compared to gold, which is more linked to retail demand.

The sudden speed with which silver prices can move, however, offers buyers potential short term opportunities on top of safe haven buying.

Those who understand the market and ‘buy low’ will be in a strong position to take advantage of the next spike - so long as they are able to trade at short notice.

The Perth Mint Depository, which holds more than $3 billion worth of precious metals for more than 22,000 active clients located in 123 countries, recently launched an online platform making it simple for private investors to trade precious metals 24/7.

The Depository Online (DOL) system constantly streams and updates ‘buy’ and ‘sell’ prices, except for a short period over the weekend when international bullion markets are simultaneously closed.

By enabling clients to open an account with as little as $50, it’s the perfect way for investors to build a metal position over time with the flexibility to exit swiftly and easily whenever they choose.

Read more about Depository Online and the guarantee from the Government of Western Australia under which it operates.



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Brexit and other risk factors drive worried investors to gold

NEWS

In investing, the definition of a ‘safe haven’ is an asset that is expected to retain its value or even increase its value in times of market stress and uncertainty

Traditionally, gold is perceived as a safe haven because in such circumstances, it often moves up in value when equities and certain currencies (known as ‘risk assets’) decline sharply.

History shows the price of gold increased significantly during the global financial crisis, topping US$1,900 per ounce in September 2011. After a short move lower, the Greek debt crisis and fears over its withdrawal from the euro-zone propelled the price of gold higher, though not quite touching the highs of a year prior.

Last week, gold was again a beneficiary as rattled investors deserted international stock markets in the wake of Britain’s unexpected vote to quit the European Union.

Institutional investors were not the only ones among the action with internet giant Google reporting that the number of searches for the phrase "buy gold" spiked by 500pc once it became apparent the ‘leave’ side was likely to win.

Reflecting the mood, calls to the Depository division here at The Perth Mint from private individuals anxious to invest funds in precious metal coins and bars were dramatically higher than average.

Uncertainty, the enemy of the markets, was compounded by the resignation of UK Prime Minister David Cameron immediately after the vote was confirmed. Fears that Greece and possibly other members of the European Union will now look to follow Britain’s lead, and that the fall-out from all this is damaging the world economy has some experts predicting gold’s rally is not yet over.

 

Belief in gold in times of crisis is based on the idea that it helps protect the value of money. In an example of how this works, the World Gold Council says that a U.S. family home could be purchased for $25,000 in 1971 – a sum no longer enough for a mortgage deposit at today’s prices! By contrast, 700 ounces of gold (the equivalent of US$25,000 in the 1970s) can buy a US$1 million property today.

For this reason, it advocates a diversified investment portfolio containing some gold as an insurance against global gloom-and-doom scenarios.“Our analysis shows that gold can be used in portfolios to protect global purchasing power, reduce portfolio volatility and minimise losses during periods of market shock,” it says, suggesting a modest 5 to 6 per cent allocation is optimal for investors with a well-balanced 60/40 portfolio.

With additional risk factors including the underlying strength of China’s economy and the possibility of a Trump presidency, the allure of gold will continue to strengthen in the minds of investors already fearful over the consequences of the Brexit.



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