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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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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Perth Mint announces early release of 2019 1oz Silver Kangaroo

The release of the 2019 Australian Kangaroo 1oz Silver Bullion Coin has been advanced to today.

Struck from 99.99% pure silver, the popular issue is a significant annual release in the international bullion coin market having sold in excess of 20 million coins since its inception in 2015.

1oz Kangaroo Bullion Silver Coin

Designed to meet the requirements of bullion coin ‘stackers’, the coin’s success lies in a combination of factors including its trusted legal tender status, guarantee of purity, convenient 1oz format and exceptional affordability.

The coin is also renowned for a security feature in the form a micro laser-engraved letter ‘A’ concealed within its reverse inscription. Only visible through a magnifying glass, this aspect of its design is intended to make counterfeiting extremely difficult.

Buy Now

Portraying Australia’s iconic ‘red’ kangaroo and the new Jody Clark effigy of Her Majesty Queen Elizabeth II, the 2019 Silver Kangaroo can be ordered at The Perth Mint from today.

The most cost-effective way of acquiring it is in an acrylic tube containing 25 coins. A mini-monster box is offered free of charge with purchases of 10 tubes.

Alternatively, the coin may be acquired individually in a clear plastic pouch.

The 2019 Silver Kangaroo 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 the release with leading bullion distributors.


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Perth Mint gold app gives investors the Midas touch

Australia’s foremost precious metals enterprise, The Perth Mint, has today launched an exciting new smartphone app – GoldPass™ – as part of its commitment to taking Australian gold to the world.

At the touch of a smartphone screen, GoldPass™ gives retail investors the unique ability to securely buy, store and sell gold via digital certificates. The app also allows the instantaneous transfer of gold to other approved GoldPass™ app users.

The Perth Mint launched GoldPass™ today during the opening day of Precious Metals Investment Symposium 2018 being held in Perth for the first time.

The Mint’s latest secure investment platform, powered by InfiniGold technology, offers investors the innovation for which Perth Mint products are renowned combined with the flexibility and convenience of being able to manage their wealth at any time.

All GoldPass™ digital certificates are 100 percent backed by physical Perth Mint gold stored in its network of central bank grade vaults, with the weight and purity of every ounce guaranteed by the Government of Western Australia.

“With the uncertainty and speculative nature of cryptocurrencies with no asset backing their value, investors are always keen to discover innovative and credible vehicles through which to safely protect the worth of their portfolios,” Perth Mint Chief Executive Officer Richard Hayes said.

“With many commentators suggesting that digital gold products are expanding the market for gold investment, there is a distinct rise in the demand for trusted modern and contemporary means of exchange.”

GoldPass™ digital certificates are an alternative to cryptocurrency investments and will pave the way for gold to be used as an easy and convenient store of wealth with the ability to also transfer gold to other approved GoldPass™ users.

“InfiniGold’s technology is innovative and has also been specifically tailored to digitise Perth Mint gold to satisfy the demands of investors,” InfiniGold Chief Executive Officer Andreas Ruf said.

"We're delighted The Perth Mint chose InfiniGold technology to power GoldPass™ and equally excited to be able to give investors a simple, seamless and secure way to add gold to their asset portfolios.”

Mr Hayes said gold was a tangible and trusted store of wealth with a long and strong history.

"We are making this traditional asset more accessible, trades immediate and revolutionising how customers transact in real time with other GoldPass™ app users. This is a significant leap forward in gold exchanges globally,” Mr Hayes said.

An investor’s digital certificates, which reflect their gold balances in ounces, are visible in the app’s interface along with any cash holding in the same way that balances are seen on an online banking system.

Using GoldPass™, investors may buy Perth Mint unallocated gold and redeem their digital certificates or ounces for physical gold or cash at any time.

The Perth Mint GoldPass™ app offers another dimension to the expansive range of innovative investment and storage solutions offered by The Perth Mint for 25 years.

GoldPass™ is now available for free download for Android and iPhones on GooglePlay and the App Store.



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Monthly Sales – September 2018

Topics [ Monthly sales figures ]

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

  - Gold (Au): 62,552 oz

  - Silver (Ag): 1,305,600 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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2019 Australian Kookaburra bullion coins first to feature Queen’s new effigy

Topics [ Australian Kangaroo silver bullion coins ]

The Australian Kookaburra for 2019 features a striking new design of Australia’s largest kingfisher.

Famous for its cackling laugh, the native bird is pictured standing on a sunken tree branch with the setting sun reflected on a rippling waterway.

First issued in 1990, the Kookaburra is Australia’s longest running silver bullion coin series. Enjoyed for the high standard of its annual artistry, the coin is also a trusted precious metal option for discerning investors.

Meticulously crafted from 99.99% pure silver and issued as Australian legal tender, the 2019-dated releases are available in 1oz, 10oz and 1 kilo options. A maximum of 500,000 1oz coins will be produced, while production of the two large coins will run for no more than 12 months.

New obverse effigy

These Australian Kookaburra coins are also notable for being the first Perth Mint issues to portray Australia’s new portrait of Her Majesty Queen Elizabeth II.

Showing the Queen wearing the Royal Diamond Diadem, the official effigy was created by Jody Clark, an engraver for the United Kingdom’s Royal Mint.

The sixth image of the Queen to appear on Australian coins since Her Majesty’s accession to the throne in 1952, she faces right in keeping with tradition.

Purchase now

Available from today*, 2019 Australian Kookaburra silver bullion coins can be purchased from the Bullion Trading Desk at The Perth Mint located at 310 Hay Street in East Perth, by telephoning 1300 201 112 (Australia) or +61 8 9421 7218 (International), and via the online store at perthmintbullion.com.

Investors can also check the availability of these latest releases with leading bullion coin dealers worldwide.

(*Please note that 10oz coins will be released at a date to be announced).



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Pigs fly as Lunar 1oz coins eye 12th consecutive sell out

The 12th and final annual release from the Australian Lunar Bullion Coin Series II are available from today.

Strong take-up among authorised dealers means that the 1oz gold and silver coins are already on course for sell out at the Mint.

Restricted to 300,000 silver pieces and 30,000 gold pieces, 1oz Australian Lunar bullion coins have sold out in all 11 preceding years of the series.

The new coins celebrate the Year of the Pig. According to the Chinese lunar calendar, New Year falls on 5 February 2019. People born under the influence of the pig are held to be honest, loyal, sincere, calm and generous. The pig is also a symbol of good fortune and wealth in Chinese culture.

Struck with a superior bullion finish, Year of the Pig coins are available in six silver sizes and eight gold sizes starting from 1/20oz. Just 100 special hand finished 10 kilo silver coins will also be available.

The legal tender status of each coin guarantees its weight and purity, giving investors worldwide confidence and surety that they are investing in a trusted and enduring asset.

While the pig concludes the second Australian Lunar series, investors will be delighted learn that the theme will continue on an intriguing third series from 2020.

Australian Lunar 2019 Year of the Pig gold and silver bullion coins can be purchased from the Bullion Trading Desk at The Perth Mint located at 310 Hay Street in East Perth, and by telephoning 1300 201 112 (Australia) or +61 8 9421 7218 (International). Registered clients can also buy via the online store at perthmintbullion.com.

Alternatively, investors should check availability with their local bullion coin dealers.



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