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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Physical gold demand a bright spot in Q3

Topics [ gold bullion gold ]

Global gold demand disappointed in Q3 2017 according to the World Gold Council’s latest Gold Demand Trends, but physical buyers bucked the trend with a solid increase in investment coin and bar purchases.

At 915 tonnes, total demand fell 9% compared the same period last year, with particular weakness seen in Indian jewellery volumes.

Stalling inflows into gold-backed exchange-traded funds (ETFs) also negatively impacted Q3 figures, the report’s authors said. Reasons cited for slowing ETF deposits included investors’ reluctance to bet against soaring stock markets.

Physical gold demand a bright spot in Q3

However, many used their strategic ETF holdings to complement their equity positions as a hedge against any possible downturn, they said.

On a further positive note, gold bar and coin demand increased by 17%, albeit from relatively weak year-earlier levels.

The report noted that China drove much of the growth in physical gold products, with investors buying on the dips to help the world’s largest gold consumer clock up its fourth consecutive quarter of growth.

“It was a tough quarter for gold demand,” according to Alistair Hewitt, Head of Market Intelligence at the World Gold Council. “India was coming to terms with GST and anti-money laundering regulations and, although we saw ETF inflows at 19 tonnes, they were significantly lower than last year.

“But there were some real bright spots: retail investment demand in China grew for the fourth consecutive quarter; the Turkish and Russian central banks added to gold reserves; and, after years of declines, we also saw increased use of gold in technology, supported by the demand for high-end smartphones.”

The Perth Mint finished the quarter on an upbeat note with a rebound in sales of gold bullion coins and minted bars driven by the launch of the Australian Lunar coin series for 2018 and healthy exports to China.

The Gold Demand Trends Q3 2017 is compiled with data provided by independent precious metals consultancy Metals Focus.



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Monthly Sales – August 2017

Topics [ silver bullion gold bullion ]

Total ounces of gold and silver sold by The Perth Mint in August 2017 as coins and minted bars:

  - Gold (Au): 23,130 oz

  - Silver (Ag): 392,091 oz



This chart shows total monthly ounces of gold and silver shipped as minted products by The Perth Mint to wholesale and retail customers worldwide. It excludes sales of cast bars and other Group activities including sales of allocated/unallocated precious metal for storage by the Depository.

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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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Monthly Sales – July 2017

Topics [ silver bullion gold bullion ]

Total ounces of gold and silver sold by The Perth Mint in July 2017 as coins and minted bars:

  - Gold (Au): 23,675 oz

  - Silver (Ag): 1,167,963 oz



This chart shows total monthly ounces of gold and silver shipped as minted products by The Perth Mint to wholesale and retail customers worldwide. It excludes sales of cast bars and other Group activities including sales of allocated/unallocated precious metal for storage by the Depository.



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Perth Mint Puts Gold And Silver At Investors’ Fingertips

Topics [ store bullion silver bullion gold bullion buy silver bullion online buy gold bullion online Buy and Store ]

BULLION STORAGE

The Perth Mint has made investing in precious metals even easier with a secure online trading platform that offers investors the ability to buy and store with the Mint.

Providing trusted storage facilities, which are guaranteed by the Government of Western Australia, and with complete account privacy, investors are able to confidently transact with live pricing day or night, 7 days-a-week. The platform facilitates immediate manual market orders or automatic price-sensitive trades when an investor’s preferred metal price is reached.


 

“Offering the only government guaranteed investment and storage program in the world, The Perth Mint has deep connections in the global market, and has been providing a range of precious metal coins and bars for investors for more than 100 years,” said Perth Mint Manager, Analysis and Strategy, Bron Suchecki.

“We currently store some $2.7 billion worth of precious metals for more than 21,000 clients located in 105 countries, and we anticipate that these numbers will increase dramatically with our new online system now in place,” he added.

Investors can open an online depository account via perthmint.com/storage/open-account.html and start trading with just $50 per transaction. For the savvy investor under the age of 18 years, regular investments can be made into an account established on their behalf by a parent or legal guardian.

“Should events cause an investor to want to take delivery of physical product, they are able to obtain a globally accepted range of coins and bars that are manufactured at our minting and refining facilities located in Perth,” Mr Suchecki continued.

Investors are able to choose from the range of bullion storage options at The Perth Mint on perthmint.com/storage/ or purchase a variety of Australian bullion coins, minted and cast bars for delivery at perthmintbullion.com

As an industry leader, The Perth Mint also operates one of the largest accredited refineries in the world, processing more than $15 billion worth of conflict-free gold and silver annually. Therefore, investors can be assured that the metals they buy are obtained from trustworthy ethical sources.

For further details contact Perth Mint Depository on Toll Free 1300 651 465 (Australia), +61 8 9421 7250 (International) or pmds@perthmint.com.au



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Bullion Buying: No ID Required For Telephone Orders Up To $5,000

Topics [ Australian Kangaroo gold coins silver bullion gold bullion Australian Koala silver coins Australian Kookaburra bullion bars ]

BULLION BARS AND COINS

New customers buying physical gold and silver bullion to the value of AU$5,000 are no longer required to complete ID checks when ordering over the telephone.

Previously, all new customers wishing to buy bullion had to provide two certified identification documents as part of their customer registration process.

This condition no longer applies to phone buyers purchasing bullion coins and bars under the AU$5,000 limit. New buyers can now open an account and place their first order during the very same call!

 

Telephone buyers can continue to buy bullion as frequently as they wish so long as the value of their accumulated orders awaiting dispatch from the Mint does not exceed the maximum allowance.

According to Perth Mint Acting General Manager, Neil Vance, the new rules for telephone ordering will benefit many customers. “It will help small investors, particularly ‘mum-and-dad’ type buyers, who want to purchase one or two coins at a time with as little hassle as possible,” he said.

“Gift buyers too will appreciate the ability to pick up individual bullion coins from series like our Australian Lunar program, which is an extremely popular way of marking Chinese New Year and celebrating birthdays.”

The Perth Mint’s full range of internationally renowned bullion coins and cast and minted bars can be viewed on www.perthmintbullion.com. To open an account and order, just call 1300 201 112 from Australia or +61 8 9421 7218 from overseas.

For orders in excess of AU$5,000, customers must satisfy full ID requirements under the Australian Government’s Anti-Money Laundering and Counter-Terrorism Financing Act 2006.



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