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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2015 Australian Kookaburra 1oz Silver Bullion Coin Sold Out

Topics [ buy silver bullion online Australian Kookaburra buy silver coins invest in silver ]

BULLION BARS AND COINS

The 2015 Australian Kookaburra 1oz silver bullion coin is now sold out at The Perth Mint.

Released last September with a maximum mintage of 500,000, the release marked 25 years of the Australian Kookaburra bullion coin series with the original coin design from 1990 and a P25 mintmark.

The popular 1oz Kookaburra has achieved sell-out every year since 2008, reflecting its reputation as one of most eagerly sought-after limited mintage silver bullion coins in the world.



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New Koalas Offer Superb Design And Value

Topics [ buy silver online silver bullion coins Australian Koala invest in silver ]

BULLION BARS AND COINS

Today sees the launch of a superb new design for the Australian Koala silver bullion coin series.

Epitomising one of Australia’s best-loved native animals, it portrays a koala in the branches of a eucalyptus tree.

The beautifully struck image appears on all four releases in the 2015 Australian Koala silver bullion coin series.

On the 1oz and 1/2oz releases, the koala’s shiny finish contrasts with a delicately frosted background.

On the large 1 kilo and 10oz releases, the design has a matt finish – a simple but appealing appearance that enables the Mint to offer these coins with a lower manufacturing premium for outstanding value.

Whether you’re an investor, gift buyer or collector of iconic Australian coin issues, check out the spectacular new design, superb value and improved volume breaks offered by the Australian Koala silver bullion coin series here.



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Monthly Sales – January 2014

Topics [ buy gold online Monthly Sales gold coins minted bars silver coins invest in silver ]

STATISTICS

Total ounces of gold and silver sold by The Perth Mint in January 2014 as coins and minted bars.

 - Gold (Au): 64,818

 - Silver (Ag): 912,388



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US Survey Backs Perth Mint Findings On Customer Attitudes To Gold

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

RESEARCH AND ANALYSIS

Even though world stock markets are surging, a survey in the United States suggests many retail investors will continue to invest in gold.

The CNBC All American Economic Survey, which last month questioned 800 people, found 35% favoured gold as their best investment choice, down just two points on last year.

Beating real estate, stocks, savings accounts and bonds, gold continues to “bedazzled” Americans, CNBC said.

Perth Mint Survey Results

The findings reflect the feelings of Perth Mint bullion buyers, as our own Website Customer Survey recently revealed.

More than 850 clients responded to the online questionnaire, issued in February.

Over 53% answered ‘very good’ while 36% answered ‘good’ when asked about their outlook for the future of precious metals as an investment.

In another indication that many buyers continue to see bullion as an important investment, 60.9% said they were ‘very likely’ and 25.3% said they were ‘somewhat likely’ to continue doing business with us via www.perthmintbullion.com.

Traditionally seen as a safe haven in times of uncertainty, gold is often quoted as an ideal foundation asset accounting for 5 to15% of a healthy investment portfolio.



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Would You Prefer Your Dividends In Gold?

Topics [ depository invest in gold invest in silver ]

IN THE NEWS

Baker Steel Capital Managers have suggested that as an alternative to paying cash dividends to shareholders, gold miners should be working towards paying dividends in ounces of gold.

Bron Suchecki, Manager, Analysis and Strategy at The Perth Mint, thinks it is an interesting idea and, as he explained to Alan Korelin at the weekend, has some practical suggestions as to how it could be achieved for Depository account holders.


Listen to Bron’s ideas now on the Korelin Economics Report



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