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 a difference $200 makes

The mood this morning in Perth was bullish to say the least, with one client buying $1 million first thing Friday. That is what a price move of $200 per ounce or nearly 20% does in the space of a month and a half.

After touching $1,050 and wallowing below $1,100 for much of December, “goldbugs” felt they may be getting some long overdue reward for their patience during January as gold broke through the $1,100 level. So far February has exceeded expectations with gold first running up to touch $1,200 and then last staging a significant move of just under 5% to $1,260 before settling down to just under $1,240.

 

For The Perth Mint trading has been strong all this week, with more interest in gold than silver – gold sales are up 4 times compared to 2 times for silver, week-on-week. Our dealing desk says the mood is one of panic buying, primarily in response to falling stock markets. On the wholesale side, our German distributors are seeing continuing interest in silver and willing to take any silver they can get across our range.

Even if gold’s recent move has been too fast and it is due for a breather, it is clear market psychology towards gold and silver has changed. Confidence among many analysts is building that gold bottomed in December at $1,050. If gold can hold about $1,200 over the next week then the recent LBMA precious metal forecast survey average of $1,103 is looking very conservative indeed.



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Massive Year of the Monkey 10 Kilo Silver Coin

BULLION BARS AND COINS

The ultimate way to celebrate the Year of the Monkey, this individually finished coin is made from 10 kilos of 99.9% pure silver. A maximum of 150 coins will be produced by The Perth Mint on a mint-to-order basis before production closes at the end of 2016 when the coin’s actual mintage will be declared.

Gong Xi Fa Cai – Happy Lunar New Year!



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LBMA 2016 Forecasters Predict Precious Metal Price Increases

Topics [ gold prices platinum prices buy silver bullion online silver prices buy gold bullion online ]

RESEARCH AND ANALYSIS

At the beginning of each year the London Bullion Market Association (LBMA) polls a range of respected precious metals analysts in the large banks and independent consultancies for their forecasts for metal prices for the coming year. This year contributors are “predicting price increases across the board for all four metals”.

Their forecasts for the average price during 2016 are:

 • Gold – $1,103, ranging from $978 to $1,231

 • Silver – $14.74, ranging from $12.63 to $16.78

 • Platinum – $911, ranging from $748 to $1,076

 • Palladium – $568, ranging from $413 to $674

LBMA forecasts have been quite accurate historically.

This year the range of forecasts for gold is quite tight, indicating more consensus or confidence amongst the analysts about gold. The most pessimistic analyst is René Hochreiter who forecasts a low for gold during the year of $850 while Martin Murenbeeld sees a high of $1,375.

The LBMA analysts are less accurate in the case of silver. This year their range is wider but overall see a downtrend. Bernard Dahdah sees a low for silver of $11.00 with Philip Newman seeing silver getting as high as $19.50 during 2016.

Click here to download the LMBA Forecast 2016.



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2016 Wedge-Tailed Eagle Silver Bullion Coin Lands In Australia

BULLION BARS AND COINS

The outstanding 2016 Australian Wedge-tailed Eagle 1oz silver bullion coin has been designed by John Mercanti, the internationally renowned coin sculptor-engraver.

John held the position of Chief Engraver at the U.S. Mint from 2006 until his retirement in 2010. His achievements are remarkable – with the coin and medal design process traditionally a competition between members of the in-house team, John is responsible for more successful designs than any other employee in the history of the U.S. Mint.

The Perth Mint commissioned John to create the design for its 2014 Australian Wedge-tailed Eagles. Subsequently appearing on all 2015 coins in the series, the popular design featured a stunning portrayal of Australia’s largest bird of prey descending towards the stump of a tree.

John has reprised the design for 2016 with an image of a Wedge-tailed Eagle that has landed and is perching majestically on a branch. His notable use of exquisite detailing to portray the bird’s feathers is again evident in this noble representation.

Made from 99.9% pure silver and housed in an acrylic capsule, the 2016 coin is available in Australia from 1 February. A superb addition for any silver bullion coin investor, it can be purchased 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 on 1300 201 112, at www.perthmintbullion.com and leading bullion coin distributors Australia-wide.

Limited availability of other Australian bullion coins:

2016 Australian Lunar Year of the Monkey 10 kilo silver bullion coin - from today.

2016 Australian Kookaburra 1 kilo silver bullion coin – from 8 February.

2016 Australian Koala 1 kilo silver bullion coin – from 8 February.



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Monthly Sales – January 2016

Topics [ buy silver bullion online buy gold bullion online ]

STATISTICS

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

- Gold (Au): 47,759 oz

- Silver (Ag): 1,473,408 oz



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GFMS Gold Survey Q4 2015

RESEARCH AND ANALYSIS

Some key finding of the latest GMFS Gold Survey:

Physical gold demand rose 2% year-on-year in Q4 2015, driven by a strong pickup in net official sector purchases and a moderate increase in retail investment.

Retail purchases of gold bars and coins rose by 5%, primarily due to a strong rebound in Chinese and Indian demand.

Retail purchases in the rest of the world dropped 2% year-on-year.

Jewellery fabrication, the largest demand, posted a 2% year-on-year drop, largely through disappointing demand in China.

Total gold supply dropped by 7% in Q4 due in part to an estimated 4% drop in global mine output.

GFMS expects pent-up demand in Asia and a further contraction in mine output to help a slow recovery in 2016 with the gold price trading above US$1,200/oz towards year end and averaging US$1,164/oz.

Download Gold Survey 2015: Q4 Update and Outlook

The Perth Mint is a major sponsor of the GMFS Gold Survey.


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