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.

PLEASE READ
Our Blog Disclaimer.

Our Comments Policy.
Our Copyright Policy.

GROUP PROFILE
Our Visions, Our Values.

Perth Mint Bullion BlogSubscribe
« Back to full list

How much gold is in the London vaults?

Topics [ PMDO where to buy gold bullion buy gold bullion online ]

Buyers and sellers of precious metals welcome greater transparency. 

The London Bullion Market Association (LBMA) and the London Precious Metals Clearing Limited (LPMCL) have just begun releasing data on gold and silver inventories in London vaults.

Until last week no one knew exactly how much precious metal was stored in the British capital’s vaults. 


The vaulting statistics, which are released on a three month lagged basis, will be enhanced by more detailed trade reporting at an as yet unspecified date.

What we know now is that at the end of March about 7,449 tonnes or 239.49 moz of gold, and about 32,078 tonnes or 1,031.32 moz of silver, were sitting in London vaults. 

That is the equivalent of almost 600,000 gold bars and 1.03 million bars of silver worth more than USD 300 billion and USD 17 billion, respectively, according to UBS Global Research.

The data has been widely welcomed by investors who want more knowledge about tangible gold and silver stocks compared with investor positioning and the enormous ‘paper trade’ volumes generated each day in the London precious metals markets. 

Precious metals are recognised as an essential element of a diversified investment portfolio, helping investors protect their wealth against fluctuations in the value of other asset classes.

Many investors across the globe also like the additional surety of knowing every ounce of precious metal they buy is backed by physical product.

For these investors, The Perth Mint has been offering the security of the world’s only government guaranteed precious metals storage program since 1994.

Our program comes with the ability to take physical delivery of your precious metals upon request.

Meanwhile your assets are secured in the most extensive network of central bank grade vaults in the southern hemisphere.

We now offer four investment solutions to more than 30,000 investors in over 130 countries:

1. Perth Mint Depository Online (PMDO)

With a minimum transaction amount of AUD 50 and 24/7 access to our secure, mobile friendly trading portal, the PMDO makes investing in precious metals easy and accessible.  

There is an easy three step process to open your account and the platform is underpinned by the highest levels of security.

As a PMDO customer you also have the option to set up an automatic savings plan and build your precious metal wealth from just AUD 50 per month. 

If you have been thinking about buying bullion but are not quite yet ready, you can activate an account and keep it open free of charge. It’s then ready to use as soon as you want to start your precious metals investment. 

2. Perth Mint Depository Program (PMDP)

Modelled on a traditional brokerage style service, PMDP offers direct access to our experienced bullion dealers who can provide a competitive live spot price to buy or sell precious metals. You will receive a trade confirmation immediately upon execution by email or mail.

3. Perth Mint Certificate Program (PMCP)

PMCP is available through our global network of authorised distributors and offers precious metals stored within our secure vaults. You will be issued with a uniquely numbered Precious Metal Certificate in your name confirming your legal title to a specific amount of precious metal. 

4. Perth Mint Gold ASX Warrant (PMG) 

PMG is a right to gold created by The Perth Mint to enable you to invest in the precious metal on the Australian Securities Exchange (ASX) through a stockbroking account. PMG is structured as a fully paid call option to 1/100th of a troy ounce of physical gold which can be exercised by you at any time. This is the only ASX gold product that can be redeemed for physical Perth Mint bullion coins or bars. 

Other benefits of investing with us include:
     • Choice of storage solutions:
    - allocated gold and silver
    - pool allocated silver
    - unallocated gold, silver and platinum  
    • Transaction confidentiality provided by secure administration and trading procedures.


For over a century, The Perth Mint has been trusted to produce the highest purity gold and silver bullion, and create some of the finest coins and bars ever minted. 

This makes our products ideal for investors wanting to build wealth through physical gold and silver.

No matter the size of your investment, we provide the highest security and flexible access to your precious metals.

Visit perthmint.com.au/invest or call (61 8) 9221 7222 for more information.



Blog DisclaimerComments PolicyCopyright Policy

Delivery v Storage – Perth Mint provides online solutions for both camps

Topics [ buy silver bullion online buy gold bullion online ]

When it comes the utilizing the convenience of the world wide web to purchase bullion, The Perth Mint offers buyers two routes to assess.

For those who consider physical possession of their bullion to be essential, option one offers access to a wide choice of Australian gold and silver coins and bars for immediate delivery.

For those concerned about the security of their valuable assets, however, option two provides the ability to acquire precious metals on an allocated, pool allocated and unallocated basis for safe storage in the Mint’s secure vaults.


 

Purchase For Physical Delivery - www.perthmintbullion.com

A trusted source of bullion for six years and one of the first online platforms to provide constantly updated live market pricing, the Mint’s bullion sales site presents an extensive line-up of pure gold and pure silver investment products for delivery.

As well as the renowned Australian Kangaroo, Kookaburra, Koala and Lunar coin series, the list includes a large range of minted and cast bars, providing options to purchase from as small as 1 gram of gold and 1/2oz of silver. [See the entire range here.]

Shipped from Perth with optional insurance for delivery within Australia, and internationally throughout a large part of Asia, gold and silver bullion orders are handled exclusively by the Mint’s established courier and secure courier partners.

Open an account.

Purchase For Secure Storage - www.perthmint.com/storage

Depository Online is an extension of the Mint’s traditional Depository Program, which currently holds $3 billion worth of client metal. The new service enables clients to benefit from the immediacy of the web to trade pure precious metals held in three storage categories: Allocated, Pool Allocated, and Unallocated.

The table below summarises the key differences between the types of storage, the main one being the segregation of the physical metal backing the storage type.

[For further info check our FAQs.]

Operated by a secure online platform allowing clients to transact at any time, Depository Online accepts orders from as little as $50.

Open an account.

With passionate viewpoints on both sides of the delivery v storage debate, The Perth Mint has designed unrivaled online trading solutions catering for both camps. Offering a Government Guarantee together with over a century of minting excellence, there is no better qualified organization so finely attuned to the needs of precious metal investors.

SaveSaveSaveSaveSaveSave


Blog DisclaimerComments PolicyCopyright Policy

Bullion pricing – how it works

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

 

So, you’ve made the decision that it’s time to add gold and/or silver bullion to your investment portfolio. Now it’s time to understand how the price of your coins and bars is calculated.

Spot Price & Futures Price

There are two benchmarks for precious metals – spot prices and futures prices. These prices are determined by ‘over-the-counter’ markets and ‘futures exchanges’. We’ve explained more about both of these here

Even though they tend to be reported on TV and radio news, spot and futures prices are unavailable to retail buyers of gold and silver bullion coins and bars.

Retail price

When setting the price of bullion for retail investors, The Perth Mint takes into account these international benchmarks. Our calculations include a ‘premium’ over the metal price to cover the cost of fabrication of raw gold into coins and bars. To ensure we have a viable business, the Mint’s premium also includes a profit margin.

 

There are a couple of general rules worth knowing about premiums.

They are lower on bullion cast bars because the fabrication process is fairly straightforward. Bullion coins, which offer a number of important benefits including legal tender status, greater divisibility, rarity and detailed designs, are more complex to fabricate. As a result, the premium paid is slightly higher.

Notice, however, that premiums per ounce are usually lower on larger coins. You’ll also be able to discount the premium per ounce by taking advantage of volume breaks.

Live price

Taking their lead from international benchmarks, retail prices of gold and silver bullion fluctuate during the course of the day. To reflect this, our advertised prices are constantly updated.   

When placing an order for bullion on the Mint’s bullion website, you have one minute to lock-in the ‘live’ price of gold or silver before it is automatically revised – either up, down or no change.

When ordering by telephone, a customer service officer will confirm the price before completing a purchase on your behalf.     

Local currency

The price of gold and silver bullion is also directly affected by the relationship between the U.S. and Australian dollars.

This is because precious metals are U.S. dollar denominated commodities. But for the convenience of local customers, The Perth Mint prices its bullion in Australian dollars.

So if the Australian dollar strengthens relative to the U.S. dollar, the local price of bullion will fall. Conversely, if the value of the Australian dollar weakens relative to the U.S. dollar, the local price of bullion will rise.

The Australian dollar last hit parity with the U.S. dollar in 2013, negating this effect. More recently, the Aussie’s value has declined somewhat, explaining why the price of gold in Australian dollars has remained strong.



Blog DisclaimerComments PolicyCopyright Policy

Monthly Sales – April 2016

Topics [ buy silver bullion online buy gold bullion online ]

SALES STATISTICS

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

  - Gold (Au): 47,542 oz

  - Silver (Ag): 1,161,766 oz



Blog DisclaimerComments PolicyCopyright Policy

Bullion Coin Sales And Mintage Update For 2015

Topics [ buy silver bullion online buy gold bullion online ]

BULLION BARS AND COINS

The Perth Mint has published updated Sales and Mintage [pdf] data sheets for the Australian Bullion Coin Program.

The updated sheets include ‘Declared Mintages’ for all eligible gold, silver and platinum bullion coins issued for 2015.

The updated sheets also include ‘Sales to Date’ figures for other coins in the Program as at 31 December 2015.

Visit The Perth Mint website to view all available Sales and Mintage data sheets or click the links below to directly download individual pdf documents.

The Australian Platypus Platinum Bullion Coin Series 2011 - 2016
The Australian Nugget Kangaroo Gold Bullion Coin Series 1987 - 2016
The Australian Kookaburra Silver Bullion Coin Series 1990-2016
The Australian Koala Silver Bullion Coin Series 2007 - 2016
The Australian Lunar Gold Bullion Series Two 2008 - 2016
The Australian Lunar Silver Bullion Series Two 2008 - 2016
Australian Bullion Privy Mark Coins 2011 - 2016
Perth Mint Bullion Other Sales 2015-2016

 

For further information please read The Perth Mint Mintage Policy.



Blog DisclaimerComments PolicyCopyright Policy

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.



Blog DisclaimerComments PolicyCopyright Policy

Confirm
No
Yes