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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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Kangaroo Minted Bars now available in 99.99% pure silver

Topics [ silver bars minted bars ]

Silver investors can now acquire the precious metal of their choice in the form of 1oz Kangaroo Minted Silver Bars manufactured by the world-renowned Perth Mint.

 

Struck between two dies to create a design in 3D relief, the new bars are made from 99.99% pure silver. The front of each bar features The Perth Mint swan logo – our LBMA registered mark – on a table of radiating circles.

Included on the front is the inscription 9999 FINE SILVER, which incorporates a tiny ‘P’ mintmark within the last nine. This authentication feature is designed to make it significantly more difficult for the bar to be counterfeited – although we strongly recommend buyers only purchase from trusted sources.

Like the Mint’s extensive range of Kangaroo Minted Gold Bars, the back of the new silver bar portrays small kangaroo motifs arranged in diagonal rows.

1oz Kangaroo Minted Silver Bars are available in three formats with volume breaks for larger purchases.

Single bars come in an individual plastic pouch. Alternatively, investors may purchase 15 bars in an acrylic tube sealed with a tamper-evident security seal, or a box of 10 tubes for a total of 150 bars.

Silver minted bars may be purchased at The Perth Mint Bullion Room at 310 Hay Street in East Perth, via our Bullion Line on 1300 201 112 / +61 8 9421 7218, or at perthmintbullion.com.

These silver minted bars are also carried by our authorised distributor Perth Bullion Co.

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Big week for silver

Topics [ silver bars silver silver coins ]

SILVER

After a long time in the doldrums, the price of silver is stirring again. In a nutshell, here’s what's happening.

Silver futures in New York jumped above US$17.00 overnight to reach a 10 month high.

The price of silver is up more than 20% since the beginning of January.

The grey metal has achieved the best return this year of any in the Bloomberg Commodity Index.

The gold/silver ratio has fallen from 83:1 to around 74:1, meaning it now takes eight fewer ounces of silver to buy an ounce of gold. (The long term average is around 50.)

Silver hit almost US$50 per ounce five years ago this week.

 

Despite the Australian dollar’s recent strength, silver is also trading
higher in the local currency. [The Perth Mint silver price chart 21.4.16].

While the price of silver tends to follow gold, it is significantly more volatile. Over time it has shown that it can jump with sudden, intense movements.

Explanations put forward for silver’s latest rebound include falling silver production and rising bullish bets from investors thanks to the big move in the gold/silver ratio.

Above all, say analysts, is the improved outlook for industrial demand based on better expectations for China’s economic growth.

Charts published by Bloomberg suggest the price of silver is set fair for further gains. Time will tell if silver is ready to shine again or whether this rally destined to run out of steam.



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Indispensable Silver

Topics [ silver bullion coins silver bullion silver bars silver silver coins silver bullion bars ]

PRECIOUS METAL SERIES - 2

As one of the first metals to be used by man, silver has been sought-after for 5,000 years. Archaeological evidence indicates silver was originally mined about 3,000 BC in Anatolia (modern-day Turkey).


Lustrous in appearance, silver is also malleable and ductile. Being both easy to work and pleasing to the eye, it has long been associated with the manufacture of jewellery, art, cutlery and tableware.

Today, silver is also valued for innumerable applications in industry. Unsurpassed as a conductor of heat and electricity and also highly reflective, its uses are continuing to expand in hi-tech areas such as electronics, solar and biotech - to name a few.

Because silver is durable, stable and comparatively rare, it also possesses qualities that make it ideal for use as money.

It was first coined in Lydia around 600 BC. The phrase “rich as Croesus” is derived from the Lydian king famed for his wealth!

Early silver coins spread to regions inhabited by Greeks, and through trade across the entire Mediterranean region. In testament to its historic role as a monetary metal, silver continues to mean ‘money’ in a variety of languages, including ‘shekel’ (Hebrew), ‘argent’ (French), and ‘plata’ (Spanish).

It’s fair to conclude that many aspect of mankind’s economic, cultural and technological progress would have been vastly different were it not for the indispensable benefits of silver.

Indispensable silver



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Manufacturer Accreditation Provides Comfort To Investors

Topics [ silver investing gold investment silver bars gold bars bullion bars ]

EDUCATION

To trade efficiently, market participants need to agree on standards for the products they deal in. In addition to agreeing where the product they will trade will be located (eg COMEX gold must be in a warehouse in New York) and in what form (eg bars weighing 100oz), market participants need to agree on which manufacturers they will accept product from. This is the purpose of accreditation.

In the precious metals markets it is the refiners that are accredited, as refiners are the first point of supply into the market of purified and standardised gold and silver. Accreditation occurs on a market by market basis as well as by metal. So it is possible that a refiner may be accredited for gold but not silver, or in one market but not another. Most of the major refiners are accredited across markets. For example, The Perth Mint is accredited as a refiner, weight master and assayer with the:

London Bullion Market Association (LBMA)
New York Commodity Exchange (COMEX/CME)
Dubai Multi Commodities Centre (DMCC)
Tokyo Commodity Exchange (TOCOM)

The most widely recognised and respected accreditation is that granted by the LBMA, which is also licenced by the CME as part of its own accreditation procedures for COMEX. This status is not just based on the requirements for listing, which include an established track record and minimum annual refining volumes and tangible net worth, but also the rigorous scrutiny of an organisation's standards and procedures and the successful completion of searching practical testing before being accepted for accreditation.

In addition, LBMA accredited refiners are subject to a Proactive Monitoring regime where they have to demonstrate the are maintaining LBMA refining and assaying standards on an ongoing basis.

Market participants can therefore be assured of the stated weight, purity and integrity of the products produced by accredited refiners. The end result is that traders will accept bars from any accredited refiner without question in settlement of their trades, which simplifies the process for both buyer and seller.

The LBMA's list of accredited refiners can be found here.

Review of small investment cast bars made by the LBMA-accredited Perth Mint.

Finally, it is important to distinguish between accreditation of refiners from accreditation of product. Each market has different rules as to what form is acceptable for settlement. For example, while The Perth Mint is accredited with both the London and COMEX markets, only its 400oz Good Delivery Bar is accepted in the London market whereas only three Perth Mint gold kilo bars (or a 100oz bar) would be acceptable in settlement of a COMEX futures contract. Perth Mint coins would not be acceptable in either of those markets as they are professional wholesale markets which do not deal in small sized products.

While small sized bars and coins are not themselves accredited, investors do often take comfort that a manufacturer of bars and coins is accredited because it means that the accreditation weight, purity and integrity standards will apply across the organisation and thus to all of their products.

Text by Bron Suchecki



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Silver Basks In Golden Glow

Topics [ silver bullion silver bars buy silver bullion online ]

PICTURE OF THE DAY


A magnificent Gold Quintuple 5 Pound Sovereign from 1887 and a contemporary 10oz Perth Mint cast silver bar. Fabulous picture courtesy of Bullion Gallery.



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Silver: The Element Of Change

Topics [ silver bullion coins silver bullion silver bars silver ]

EDUCATION

In a look at the impact of silver on civilization since it was first extracted some 5,000 years ago, this stylishly-made new video from SilverInstituteTV examines the history, properties and uses of one of nature’s most precious resources.  



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