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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Perth Mint export triumph reflects Australian gold sector growth

Topics [ gold market gold bullion gold bars gold mining ]

The Perth Mint’s success in exporting AUD11 billion worth of gold to China in the past year reflects the increasing significance of the Australian gold sector.

There are currently 66 gold mines operating throughout the country, including 14 of the biggest in the world, according to this Channel 9 News report.

Eleven of those are in Western Australia, the nation’s biggest gold State, where four new mines are also currently under construction.

That adds up to employment for about 25,000 people, around double the number it was 10 years ago.

Processing virtually all of Australia’s newly mined gold, as well as supplies sourced from surrounding countries like New Zealand, PNG, Malaysia and Thailand, takes place at The Perth Mint refinery. As Perth Mint CEO Richards Hayes tells reporter Rebecca John, much of it is made into kilo bars for China, individually worth around AUD55,000 at current prices.



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Kangaroo Minted Gold Bars For Investors In New Cards

Topics [ gold bullion minted bars gold bars invest in gold gold bullion bars ]

BULLION BARS AND COINS

 

The roll-out of Kangaroo Minted Gold Bars in stylish new packaging is progressing quickly.

These popular bars are struck from 99.99% pure gold with The Perth Mint’s LBMA registered mark on the front and kangaroo-shaped motifs on the back.

Available in eight sizes, from 1 gram up to 10oz, they’re housed in tamper-evident packaging which shows the word VOID around the edge of the blister if the card has been prized opened.

As this clip shows, the new version of the card is charcoal-coloured with a dark, watermark-like image of the Mint’s stylised swan logo.



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Another Fake Minted Bar To Beware

Topics [ fake gold bars minted bars gold bars ]

BULLION BARS AND COINS

Kangaroo Minted Gold Bars are being targeted by counterfeiters and forgers. Last month we informed you how to avoid being duped by fake bars in look-a-like black cards.

See: Don't Get Duped By Fake Minted Bars

This time we’ve discovered an equally brazen facsimile of a 1oz Kangaroo Minted Gold Bar in a green card. Here are some valuable tips to ensure you’re not fooled by this blatant rip-off.

Background

Kangaroo Minted Gold Bars issued by The Perth Mint have evolved over time.

The main design has remained consistent since the 5g bar was launched in 2009 with our official LBMA stamp (a swan motif surrounded by the words THE PERTH MINT AUSTRALIA) above the bar’s weight and purity. Originally, the back of each bar was plain, but in 2010 we added a pattern of stylized kangaroos, which remains in force today.

There have been three generations of security cards, including the black-coloured version featuring a swan ‘water mark’ (refer to earlier blog post).

The original green card featured the CertiCard® logo and the words SECURITY CASE on the front under the blister. These cards housed Minted Bars with plain and adorned backs, which when illuminated under a Wood (UV) lamp revealed the words SEAL INTACT. (See example).

Issued from 2013, the second green card featured different security technology. Reflecting this, the front of each card displayed the words ‘The Perth Mint tamper-evident card’. On the back, the bar number was preceded by the letter ‘A’.

Like today’s black card, the word VOID is repeated around the edge of the blister if this card has been prized opened.

How to identify the latest fake

The latest fake to come to our attention purports to be a 1oz bar in an original green security card. Photographed in our office today, it is highly convincing.

 

However, compare the line CertiCard® SECURITY CASE on the front of the fake with the publicity product image below and you’ll notice this counterfeiter has failed to align the text accurately, with the words forming a slight arc. (Having purchased this fake, you'd have been extremely disappointed to discover that the UV sensitive message does not exist!)

The visible likeness of the bars and packaging indicates that counterfeiters are becoming increasingly sophisticated and unwary buyers could be falling into their trap more readily.

As we’ve urged before, there is only one way to eliminate the risk entirely: purchase your Kangaroo Minted Gold Bars directly from The Perth Mint or an approved Perth Mint distributor - listed here.



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How Much Gold Is Enough?

Topics [ gold investing investment gold investment invest in bullion gold bars gold bullion bars buy gold bullion bars ]

PRECIOUS METAL SERIES – 6

If you’re persuaded by the argument that it’s important to diversify your investment portfolio with gold as an insurance against global gloom-and-doom scenarios, you need to consider how much gold is enough.

Roughly two years after the price of gold had declined from its all-time high in 2011, Professor of Economics at Harvard University, Greg Mankiw, concluded that it still made sense to hold a “small sliver” of gold in his portfolio. About 2 percent, he said.

In response, financial advisor, author and advisory board member Joshua M Brown argued that amount was nowhere near enough.  “It’s not ever going to have a large enough impact on a portfolio to matter,” he stated. But in advocating 25 – 50 percent of total assets, was he going over-the-top?

How Much Gold Is Enough?

The World Gold Council (albeit an industry body) is well respected for its research and analysis. Its suggestion falls into line with the many more moderate recommendations we’ve seen. Having crunched some relevant numbers, it states that “modest allocations to gold of 2 – 10 percent can protect and enhance the performance of an investment portfolio. A 5 – 6 percent allocation is optimal for investors with a well-balanced 60/40 portfolio.”

While warning that 20 percent is way too much, former hedge fund manager and now popular US financial commentator Jim Cramer also favours 10 percent as an upper limit. “I consider gold as an insurance policy and no worthwhile insurance policy should be 20 percent of the money you have invested," he said recently.

Ultimately, of course, it’s down to you, but take time to research the topic before deciding your personal ‘allocation to gold’.



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Who Buys Precious Metal?

Topics [ buy gold coins gold coins buy platinum gold bullion gold bars bullion coins gold gold bullion coins gold bullion bars bullion buy silver buy gold bullion bars buy silver coins ]

PRECIOUS METAL SERIES - 3

In the Western world, gold was once almost exclusively the domain of royalty, the super-rich, professional traders and a group of ‘gold bugs’ - mavericks who for one reason or another distrusted the use of paper currency.

Two decades ago, few ‘ordinary’ people perceived much reason to invest in gold. In truth, they probably didn’t even know how to go about buying it.

But things have changed.

For many, the Global Financial Crisis was a game-changer. Generally unforeseen by economists, it threatened the collapse of large financial institutions, sent assets tumbling and rocked investor confidence.

In the midst of the turmoil, people from all walks of life came to appreciate the traditional view of gold as a ‘safe haven’ in times of crisis. As prices rose, even ‘mum and dad’ investors took the plunge – and if not with gold, then with silver, which can provide many of the same benefits associated with the yellow metal.

While it is not yet fair to say gold has gone ‘mainstream’, the average man on the street is now much better informed about gold ownership and the conviction that it is a valuable component of a ‘balanced’ investment portfolio.

Today, interest in gold coins and bars remains elevated in comparison to pre-GFC times. But here’s a thing – the attitude towards gold in the West still pales in comparison to the obsession for gold in Eastern cultures!



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New Minted Bar Opens Gold Buying To All

Topics [ buy gold online minted bars gold bars ]

BULLION BARS AND COINS

Are you curious about buying gold but reluctant to take the plunge because of price?

This petite 1 gram addition to the Kangaroo Minted Gold Bar Series could be exactly what you’ve been waiting for. Easily affordable, it’s an ideal first-time purchase for anyone starting to invest in gold!

Struck by The Perth Mint from 99.99% pure gold, the bar features the Mint’s LBMA-registered and internationally recognised stamp on the front and attractive kangaroo motifs on the back.

For protection and safety, it comes in rigid tamper-evident packaging with an individual serial number.

There are seven other sizes in this popular series offering buyers 5 grams, 10 grams, 20 grams, 1oz, 50 grams, 100 grams, and 10oz of pure gold.

Registered buyers click here to buy now or call the Mint on 1300 201 112 / +61 8 9421 7218.

More video - see how Kangaroo Minted Gold Bars are made at The Perth Mint.



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