BULLION BARS AND COINS

Significant savings can be made on Australian gold and silver bullion coins from The Perth Mint thanks to the introduction of lower thresholds for volume price breaks.

For example, silver investors previously needed to buy 100 or more 1oz coins to receive a saving of $1.50 per coin. Under the new, lower thresholds, they can now take advantage of the same saving on an order of just 20 coins.

Even more remarkable, the saving of $3.50 per coin that previously began on orders for 500, now applies to purchases of only 100 or more 1oz coins.

The new volume thresholds mean similar savings also apply on 1kg, 10oz, 5oz, 2oz and 1/2oz coins, making it more affordable than ever to stack silver in any of these popular sizes.

There’s equally exciting news for investors purchasing 1oz, 1/2oz, 1/4oz, 1/10oz and 1/20oz gold bullion coins.

Incremental savings now apply on volumes of 5, 20 and 50. As an example, buyers of 1oz gold bullion coins will save around $17 per coin when buying just 20 or more.

Comprehensive details about the price per coin under our new volume pricing structure are available on individual product pages at www.perthmintbullion.com.

The Perth Mint has boxes, trays and 20-coins rolls for customers taking advantage of volume discounts.

WEBSITE INFORMATION

Availability of the most successful design themes in the history of the Australian Lunar coin program is rapidly drawing to a close.

Gold and silver bullion coins celebrating the Year of the Dragon will only be available via www.perthmintbullion.com for six more trading days.

Come 8.30am on 3 September, we’ll be introducing 2013 designs marking the Year of the Snake.

This is the final opportunity for online bullion investors and collectors to acquire freshly minted Dragon coins direct from the Mint.

Please be aware that with the introduction of the 2013 Australian Kookaburra on the same day, we are also in the final stages of taking orders for the popular 2012 Kookaburra release.

 

IN THE NEWS

The increasing value of gold has caught many householders in the UK potentially underinsured, MoneySupermarket has revealed.

Analysis of its quotes showed that specified items of gold on insurance policies more than doubled between Spring 2010 and Spring 2012.

Despite gold having risen 43%, the value of gold listed on insurance policies had not risen in line, it said in the latest MoneySupermarket Monitor newsletter.

A third of UK adults are estimated to have bought items of gold recently, with 16pc buying it as an investment. "Most of these items are likely to be jewellery, however, as investors are repeatedly warned it is unwise to keep their wealth in gold coins or bullion at home,” a British press report said.

Earlier this month an 82-year-old was robbed of seven gold sovereign coins worth almost £7,000 during a daylight burglary at a Plymouth home.

(For more information about secure storage of gold and silver bullion coins and bars at The Perth Mint, click here.)

Overnight... up US$31.90 to US$1,608.10 an ounce, gold futures in New York had their best finish since July 5. Silver futures jumped 66 cents to US$27.47 an ounce.

IN THE NEWS

Expect shortages of precious metal coins worldwide should investment demand jump dramatically as a result of another financial crisis.

According to The Perth Mint’s Bron Suchecki, probably less that 2% of people started buying precious metals during the financial crisis in 2008. The result was rationing of coins by mints!

In a telephone interview with the Financial Survival Network, Bron questioned what would happen should serious, mass market demand like that seen at the end of the 1970s re-emerge.

Despite better preparedness among mints generally for this possibility, Bron told Kerry Lutz there remains a huge potential production bottleneck problem that investors would do well to be aware of.

While coining is a fairly straightforward process, he said, the manufacturing of precious metal blanks was a much more complex and time-consuming process. As a result, a lot of mints don’t have the scale or expertise to become involved in this aspect of minting and were therefore reliant on a handful of operations for supplies.

Kerry Lutz revealed that the U.S. Mint, for example, relies on just three suppliers, including The Perth Mint.

Bron’s message to investors? If you foresee another major crisis, buy now to avoid the certainty of increasing premiums as coins become scarce.

Listen to the full interview here.

Gold futures declined overnight in New York by US$1.20 to settle at US$1,576.20 an ounce. Silver slid 23 cents to $26.811 an ounce.

IN THE NEWS

Perth Mint Treasurer Nigel Moffatt has a simple message to anyone worried by the possibility of buying fake gold. “Make sure you know where you’re buying it from. It’s got to come from a reputable supplier and an organisation you can put your trust in.”

Watch Nigel’s most recent interview with The Street in New York.

BULLION BARS AND COINS

Don’t forget you can win gold and silver coins as a reader of our bullion e-newsletter.

In the January 2012 edition, for example, we’ve got five 1/2oz Australian Koala silver bullion coins to give away as competition prizes.

If you are not currently an e-newsletter recipient, it’s quick and simple to subscribe here.

Signing up now will ensure you receive the January issue and more monthly chances to win bullion coins throughout the year.

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