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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Perth Mint announces spectacular 10 kilo Lunar coin

Topics [ silver bullion coins Year of the Pig ]

In 2019 Australia’s largest annual coin release celebrates the Lunar Year of the Pig.

10 kilo Lunar coin

Each struck from a hefty 10 kilos of 99.99% pure silver, just 100 of these remarkable pieces are available.

Exquisitely hand-finished to our superior bullion standard, the coins portray a sow and four piglets in the ultimate minted tribute to the 12th and final animal in the Chinese zodiac.



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Crocodile joins Mother & Baby family of silver bullion coins

Topics [ silver bullion coins ]

Just the second 2oz Mother & Baby silver bullion ‘piedfort’ to be released by The Perth Mint is available from today.

First seen in mediaeval France, piedforts take their name from the French words for ‘strong foot’ - with the implied meaning of ‘heavy weight’.

With a maximum thickness of 6.42mm, the chunky new release portrays a semi-submerged Saltwater Crocodile with a baby riding on its head.

Saltwater Crocodile

Australia has the greatest population of ‘salties’ in the world. The largest reptiles in existence, these formidable creatures are found across the north of the continent where they represent a significant danger to unwary humans.

Fiercely protective of their nests, females typically lay between 40 and 60 eggs during the breeding season. Mothers exhibit a remarkable level of maternal care for their young, often carrying hatchlings to the water by mouth. Females will also do their utmost to protect juveniles for around eight months before they naturally start to disperse.

Mother & Baby 2019 2oz Silver Bullion Piedfort Coin

 

Struck from 99.99% pure silver, this year’s Mother & Baby 2oz Silver Bullion Piedfort Coin is issued as Australian legal tender with a maximum mintage of 75,000 pieces.

Investors in Australia can acquire the coin from The Perth Mint either individually in a plastic pouch or in tubes of 10 with a discount for volume. Order can be placed online at perthmintbullion.com, in our Bullion Trading Room, open seven days a week at 310 Hay Street, East Perth, or through Customer Services on 1300 201 112 during normal business hours.

Oversea customers should check with local dealers for availability of this coin in their region.



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Instantly buy, sell and transfer gold – anytime, anywhere

Topics [ GoldPass ]

An exciting new initiative from The Perth Mint, GoldPass® is a 24/7 full service trading app harnessing the speed and convenience of smart phones to buy and sell gold – anytime, anywhere.

Whether you’re travelling to work, enjoying a holiday, or even at the gym, with GoldPass® you can seize the opportunity to trade gold instantly.

The app can also be employed to transfer gold to other GoldPass® users, opening another tremendous possibility.

Protected by encrypted digital certificate technology, your holdings are fully backed by physical gold securely stored at The Perth Mint with the added assurance of the Mint’s exclusive government guarantee.

For Apple and Android

GoldPass® is available for free download from the App Store and Google Play.

More information.



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Gold demand lifted by central banks and ETFs in Q1

Topics [ gold market ]

Global gold demand grew to 1,053.3t in the first quarter of 2019, up 7% on the same period last year, according to the World Gold Council’s latest Gold Demand Trends report. The year-on-year increase was largely due to continued growth in central bank buying, as well as growth in gold-backed exchange-traded funds (ETFs).

Central banks bought 145.5t of gold in Q1, up 68% on the same period in 2018. This represents the strongest start to a year since 2013, the WGC reported. Diversification and a desire for safe, liquid assets were again the main drivers of the purchases, it added.

Meanwhile, ETFs and similar products added 40.3t in Q1, up 49% on last year. Funds listed in the US and Europe benefitted from the largest inflows, although the former were more erratic while the latter were underpinned by continued geopolitical instability, the report said.

While Q1 jewellery demand rose 1% compared with the same period last year, bar and coin investment softened slightly, down 1% to 257.8t. The report highlighted Japan as one of the main contributors as a result of profit taking following a surge in the local price in February.

Download the full report: Gold Demand Trends Q1 2019.



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What is gold to silver ratio trading?

Topics [ gold investing silver investing ]

The gold to silver price ratio is a measure of how many ounces of silver are required to buy an ounce of gold.

For a long period of human history both were monetary metals and the ratio was generally fixed. Today, however, the ratio floats – reflecting market forces that determine gold and silver prices on a daily basis.

The average gold to silver ratio during the 20th century was 47 to 1. Over the past 20 years the average has been nearer to 60 to 1.

 

For some hard assets enthusiasts, the gold to silver ratio is the basis of their precious metal trading strategy. In particular, they are interested in times when the ratio fluctuates widely from the prevailing norm.

The theory is that a high ratio signals it could be time to favour silver – which appears relatively cheap by historical standards.

Conversely, a low ratio may mean it could be a good time to purchase gold.

Currently the gold to silver ratio is spiking at 86 to 1, meaning it requires 86oz of silver to buy 1oz of gold. At well above its 10-year average of around 66 to 1, this abnormally high level could be interpreted as a powerful trading signal.

Of course, nothing is certain and given the nigh impossible task of picking extreme relative valuations between the metals, ratio trading presents many pitfalls for the unwary. Nevertheless, it is useful to be aware of the ratio when researching the many factors likely to affect precious metal prices.



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Monthly Sales – April 2019

Topics [ Monthly sales figures ]

Total ounces of gold and silver sold by The Perth Mint in April 2019 as coins and minted bars:

  - Gold (Au): 19,991 oz

  - Silver (Ag): 906,219 oz

NB 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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