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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How much do you know about gold investing?

Topics [ invest in bullion invest in gold invest in silver ]

It’s easy to fall in love with gold. After all, the rich and famous have obsessed over it for millennia.

During the past two decades, gold ownership has become much more widespread. No longer a sole preserve of the elite, every day and mum and dad investors have also taken a shine to the glittering yellow metal.

Accessibility to gold through bullion bars and legal tender coins, certificates and exchange traded products makes buying and storing gold simple. Driving folk to take advantage is this new found convenience is the growing appreciation of gold’s beneficial role within a diversified investment portfolio.

Before jumping in, it’s definitely a good idea to acquire a firm understanding of the case for gold. Here’s a short quiz designed to test your existing knowledge - answer these questions correctly and you’re well on the way to being an ace gold investor!

1. How many Jumbo jets would all the gold mined throughout history fit into?
a) 10
b) 20
c) 30

2. Gold and other precious metals are traditionally weighed in ounces known as:
a) Avoirdupois
b) Tower 
c) Troy

3. Between 2000 and 2012, the price of gold went up 800 per cent. What was the approximate price of an ounce of gold at the start of the millennium?
a) USD 440
b) USD 550
c) USD 660

4. When the exchange rate between the United States and Australian dollars goes up, Australian investors are likely to:
a) Pay more for gold
b) Pay less for gold 
c) Pay the same for gold

5. What purity constitutes investment grade gold for coins and bars, making them exempt from Australian GST? 
a) 92.5%
b) 99.5%
c) 99.99%

6. The gold to silver ratio (ounces of silver it takes to buy an ounce of gold) averaged 47 throughout the 20th century. What is its current level?
a) 55
b) 65
c) 75

7. When the gold to silver ratio drops below 50, practised investors are more likely to:
a) Buy gold and sell silver 
b) Sell gold and buy silver
c) Divest their gold and silver holding

8. Professor Roy Jastram’s landmark statistical examination of how gold’s purchasing power has remained consistent over the centuries is entitled:
a) A Pot of Gold
b) The Golden Constant
c) The Gold Standard

9. According to various portfolio theories, investors could benefit from holding anything between 1% and 15% of their assets in gold bullion. However, as part of his famed Permanent Portfolio strategy, investment analyst Harry Browne suggested the allocation to gold should be high as:
a) 20%
b) 25%
c) 30%

10. Which of these statements is false?
a) There is no counterparty risk associated with owning physical gold.
b) The market for gold bullion is highly liquid, making it easy to sell.
c) Central Banks around the world hold less and less gold.


Answers:
1. a) 187,200 tonnes, the latest estimate of gold ever mined by mankind, has a cubic capacity of approx. 9,700m3. According to this source, a 747 -400 Jumbo jet has a combined passenger and cargo volume of 1,035m3. The gold would therefore fit comfortably within 10 of  these aeroplanes.
2. c) One troy ounce equals 31.1034768 grams or about 1.0971 avoirdupois ounces.
3. a)  USD 440.
4. b) If the exchange rate goes up, the AUD price of gold goes down.
5. b) 99.5% pure gold in an investment form is GST-free in Australia.
6. c) 75.
7. a) The gold:silver trading strategy suggests it’s time to buy gold and sell silver.
8. b) The Golden Constant 
9. b) 25%
10. c)  Central Bank’s around the world hold less and less gold.



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‘Brexit’ fuels demand for gold

Topics [ gold market invest in gold gold bullion prices ]

NEWS

 

‘Brexit’ is shorthand for the possibility of a British exit from the European Union following a UK referendum on 23 June 2016.

Extremely close, the most recent opinion polls show the possibility of the Brexit camp coming from behind to snatch what was until recently thought to be an unlikely victory.

With worries that the 28-member EU could consequently begin to unravel, equity markets are gripped by uncertainty. In the past four days, the UK’s FTSE100 stock index has recorded losses of £100 billion.

Fuelled by fears for the British economy, some investors are turning to gold in an effort to protect their wealth. One major gold dealer in the UK has reported it is already experiencing increased sales, and is forecasting a huge rush for gold if the leave campaign is successful.

Turmoil in Europe, like the earlier possibility of Greece’s exit (Grexit), is likely to be contagious. Being an economic powerhouse, the impact of a British exit will have far greater ramifications than Greece’s prior exit threat. Among global equity markets turning sharply lower on Tuesday, the ASX lost over 2% as nervous investors dumped shares for less risky bonds and gold.

With the rhetoric heating up between the pro and anti-European campaigners in Britain this week, experts are broadly in agreement that the price of gold will climb further. Should voters confirm a Brexit in eight days time, the possibility of further slides in equities and declining world trade would only further strengthen its safe haven appeal.

If, on the other hand, those who wish to stay in the EU, led by Prime Minister David Cameron, are successful, plenty of risk factors with potential to damage world financial markets remain.

Along with other risk factors including worries about the underlying strength of China’s economy and the possibility of a Trump presidency, the allure of gold only gets brighter.

Brexit



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WGC Reports Surge In Gold Demand During Q3 2015

Topics [ gold market invest in gold ]

RESEARCH AND ANALYSIS

Key findings from ‘Gold Demand Trends Third Quarter 2015’

Global demand for gold rose 8% in Q3 2015, according to a new report published by the World Gold Council.

With their eyes on lower prices, bargain-hunting investors purchased 295.7 tonnes of gold bars and coins, it said, pushing demand for these products 33% higher year-on-year.

Demand from central banks and other official institutions almost matched the 179.5 tonnes record from Q3 2014. Meanwhile, demand for gold jewellery grew 6% year-on-year as lower prices during July and early August attracted buyers.

Gold consumption totalled 1,120.9 tonnes between July and September this year, up from 1,041.9 tonnes during the same period in 2014, the report said.

Download your full copy Gold Demand Trends Third Quarter 2015 (1.3MB)



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Big Cut In Gold Bar Price Presents Perfect Opportunity To Build Bullion Stack

Topics [ invest in gold buy gold bullion bars ]

BULLION BARS AND COINS

The Perth Mint has developed the perfect package for anyone thinking about buying gold.

Ultra-low priced bar

While stocks last, the premium on 1oz cast bars made from 99.99% pure gold has been slashed from $35 to just $20. Backed by a Government guarantee of purity and the Mint’s century of refining expertise, this popular bar now represents an unbeatable proposition for new investors and well as seasoned gold bugs.

[‘Premium’ is the amount charged by every refiner to cover costs of fabrication, such as wages, and other marketing and distribution costs.]


Representing the best combination of value and trust in Australia, the re-priced Perth Mint 1oz gold cast bar offers a great incentive to get into bullion buying.

Hassle-free buying

Announced earlier this month, proof of ID is no longer required for anyone buying up to $5,000 of precious metal by phone from The Perth Mint. New customer accounts can be established immediately and buyers can place their first order during the same call!

Shopping for bullion in person at The Perth Mint Shop is equally straightforward.

With new ultra-low pricing, both telephone and walk-in customers could currently easily acquire two 1oz cast gold bars and still have plenty of room within the price limit to take advantage of a range of silver coins and bars.

[To purchase the 1oz cast bar or place an order in excess of $5,000 online at www.perthmintbullion.com, customers are required to satisfy ID requirements specified in the Australian Government’s Anti-Money Laundering and Counter-Terrorism Financing Act 2006.]

To take delivery or not?

While many investors prefer to have bullion shipped to their home or another convenient address, others are sensitive to issues of safety and security. With billions of dollars of investors’ gold and silver securely stored in its vault, The Perth Mint Depository provides a convenient and cost-effective solution for anyone looking for complete peace of mind.

Shop, Ship, Store Advice Line

To purchase the ultra-low price 1oz cast gold bar while stocks last, or ask about shopping hours, the cost of shipping or secure storage facilities, customers are invited to contact The Perth Mint on: 1300 201 112 or +61 8 9421 7218.

More: http://www.perthmintbullion.com/au/Ultra-low-priced-1oz-gold-cast-bar



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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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Elegant New Card Coming For Kangaroo Minted Gold Bars

Topics [ invest in gold buy gold bullion online ]

BULLION BARS AND COINS

The Perth Mint is in the process of introducing a fresh new look for its Kangaroo Minted Gold Bar packaging.

Gradually replacing the existing green card, the re-styled packaging is charcoal-coloured with a dark, watermark-like image of the Mint’s stylised swan logo.

 

The new packaging offers the same tamper-evident security feature found on the original card. Should the blister pack be opened and an attempt made to reseal it, the word ‘VOID’ will be repeated in orange around the bar.  

This contemporary and stylish new packaging will be fully available once stocks of Kangaroo Minted Gold Bars housed in green cards have been exhausted.

Made from 99.99% pure gold in 1g, 5g, 10g, 20g, 1oz, 50g, 100g and 10oz sizes, Kangaroo Minted Gold Bars are a popular option for precious metal investors and gift-buyers.



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