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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Monthly Sales – April 2016

Topics [ buy silver bullion online buy gold bullion online ]

SALES STATISTICS

Total ounces of gold and silver sold by The Perth Mint in April 2016 as coins and minted bars.

  - Gold (Au): 47,542 oz

  - Silver (Ag): 1,161,766 oz



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GFMS Gold Survey Q1 2016

Topics [ gold bull market ]

RESEARCH AND ANALYSIS

Some key finding of the latest GMFS Gold Survey:

 • Q1 2016 saw a resurgence in Western investment interest in gold, particularly in the U.S. where ETF buying accounted for 330 tonnes.

 • Physical demand for gold tumbled 24% to just 781 tonnes, the lowest quarterly total since the first quarter of 2009.

 • Traditional powerhouses India and China saw plummeting demand, partly due to higher prices, and in India’s case, the budget and ensuing jewellers’ strike which resulted in a 56% year-on-year drop in jewellery consumption.

 • GFMS analysts believe the rally in gold prices during Q1 developed too rapidly and expect a correction to comfortably under $1,200.

 • Thereafter, they anticipate a recovery in demand from the East, predicting gold prices are set to resume their bull run and will be trading around $1,300 towards year end.

Download Gold Survey 2016 Q1 Update & Outlook

The Perth Mint is a Major Sponsor of the GMFS Gold Survey


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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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Perth Mint fine-tunes silver bullion coin range to suit customer needs

Topics [ 2016 Year of the Monkey Australian Kangaroo Australian Lunar Australian Koala buy silver bullion online silver coins Australian Kookaburra ]

BULLION BARS AND COINS

Australia offers one of the world’s best-known bullion programs for precious metal buyers. Including a range of iconic coin series, the program has been manufactured and marketed by The Perth Mint on behalf of the Australian Government since 1986.

This year, the Mint has fine-tuned its line-up of silver bullion coins to meet the needs of more buyers. The changes have been extremely well-received, further boosting Australia’s position among the world’s leading manufacturers of trusted investment coins.

Australian Kangaroo

A new addition to the program in 2016, the Australian Kangaroo is struck from 1oz of 99.99% (four nines) pure silver. Fabrication costs are kept to a minimum by mass-producing this coin on a high-speed press, making it a highly economical way for buyers to acquire silver in the form of official legal tender.

The Silver Kangaroo can be purchased individually, in tubes of 25, and in ‘monster’ boxes of 250.

Australian Koala

The 2016-dated 1oz Australian Koala has a limited mintage of 300,000 coins – the first in the history of this previously unlimited series. Unusual in the bullion coin market, a limited mintage can add to a coin’s desirability because of its potential rarity on the secondary market. In some instances, sought-after bullion coins have been known to command a ‘collector’ premium over and above the price of their metal content.

The Koala series also includes a 1 kilo option.

Australian Kookaburra

The annual Australian Kookaburra is arguably Australia’s most internationally admired silver bullion coin series. When they were introduced in 1990, Kookaburras set a new benchmark for the quality of bullion coins worldwide. Made with specially prepared dies, they continue to feature highly polished designs on delicately frosted tables (a style that gave rise in the U.S. to the term ‘reverse proof’). 

Available as a 1oz coin with a maximum mintage of 500,000, the latest Kookaburra may also be purchased in 10oz and 1 kilo sizes.

Australian Lunar

Sharing the exceptional finish of its established stablemates, the Australian Lunar was the world’s first major bullion coin series to celebrate the 12 animals of the Chinese lunar calendar. Again, annual 1oz coins are restricted to a maximum mintage of 300,000 worldwide – which has seen them become established favourites with collectors and gift-buyers as well as investors who together ensure these coins sell out annually.

Celebrating the Year of the Monkey in 2016, Lunar coins come in six other sizes ranging from 1/2oz up to a massive 10 kilos.

Australian Wedge-tailed Eagle

The Australian Wedge-tailed Eagle coin design is the result of collaboration between The Perth Mint and John Mercanti, the former Chief Engraver of the U.S. Mint. Recognised internationally for his outstanding work, John created a stunning portrayal of Australia’s largest bird of prey for the 2014 and 2015 coins in this series and another exceptional representation for this year’s stunning 1oz release.

In common with the Koala, Kookaburra and Lunar bullion coin series, the Wedge-tailed Eagle is made from 99.9% (three nines) pure silver. 

Volume Discounts

Issued as Australian legal tender – their guarantee of weight and purity – these Australian bullion coins are sold subject to live pricing – the latest Perth Mint silver spot price plus a fabrication charge and sales premium. Generally, the fabrication cost associated with larger coins represents a lower percentage of the overall retail price, allowing buyers to reduce the cost they pay per ounce. The Perth Mint also offers a sliding scale of volume discounts, once again allowing buyers to reduce their cost per ounce.

Customers in Australia and Asia may purchase these silver bullion coins at www.perthmintbullion.com while buyers everywhere are welcome to order over the telephone on 1300 201 112 / +61 8 9421 7275.



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2016 Privy Mark Coins Sell Out

Topics [ 2016 Year of the Monkey silver bullion coins Australian Lunar Australian Kookaburra ]

BULLION BARS AND COINS

Two privy mark silver bullion coins have recently sold out at The Perth Mint.

Traditionally, a privy mark is a small mark of differentiation in the design of a coin added for the purpose of identifying the mint. The Perth Mint revived the ancient practice with a memorable series of silver bullion Kookaburra releases during the 1990s.

These latest privy mark coins, which were released to the market through official distributors in Australia, Europe, America and Hong Kong, have proved popular.

2016 Australian Kookaburra with Monkey Privy Mark 1oz Silver Bullion Coin

 

 

Maximum mintage: 50,000
Sold Out

 

 

2016 Year of the Monkey with Lion Privy Mark 1oz Silver Bullion Coin

 

 

Maximum mintage: 30,000
Sold Out

 

 



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The Quest For Conflict-Free Metals Continues

Topics [ gold market gold refining gold refinery gold mining ]

CONFLICT-FREE METALS

Concerned consumers, organisations, and governments around the world continue to shine a light on conflict minerals. These tainted commodities are traded by private armed groups for monetary gain to finance civil conflicts and violence which contribute to the violation of human rights. Thus, the quest for ‘responsible’ and ethically sourced minerals is becoming more and more prevalent.

Conflict minerals, which can include gold ore, are smuggled out of countries such as the Democratic Republic of the Congo, and parts of Afghanistan, Columbia, and Zimbabwe, and shipped to smelters around the world for refinement. Once processed, it is near impossible to trace their origin. These minerals then enter global supply chains and end up being used in many applications, including popular consumer products such as mobile phones, televisions, laptops, and jewellery.

 

As companies become increasingly aware of the adverse effects of buying conflict minerals they are endeavouring to examine and investigate their supply chains, conducting due diligence in an effort to ensure they source their minerals responsibly, thus preventing conflict minerals from entering global markets.

The Perth Mint is one such company that has implemented a Conflict Metals and Supply Chain Policy.

Operating one of the largest gold refining operations in the world, The Perth Mint is committed to boycotting conflict gold and other minerals, with its supply chain due diligence systems and procedures compliant with the ‘responsible’ gold guidelines presented by the London Bullion Market Association (LBMA) and the Organisation for Economic Cooperation and Development (OECD).

In 2012, The Perth Mint also became one of the world’s first three gold refiners to be certified under the internationally recognised Conflict-Free Smelter Program (CFSP) developed by the Electronic Industry Citizenship Coalition and Global Sustainability Initiative (EICC) and Global e-Sustainability Initiative. The voluntary program provides credible third-party valuation of a smelter’s procurement activities to verify that the refiner can be deemed conflict-free.  

In addition to refining the majority of Australia’s newly mined gold, The Perth Mint also processes gold doré from surrounding countries, and jewellery scrap from Australia and Asia, and thus acknowledges it is extremely difficult to determine the origins of all recycled, second-hand or scrap gold.

“We are aware that gold mined in conflict countries has the potential to indirectly make its way to our refinery, so we are vigilant in our investigations into the credibility of our sources,” said Perth Mint Chief Operating Officer, David Woodford.

A positive assessment under the Conflict-Free Smelter Program’s authentication protocols gives Perth Mint customers assurance that the gold which passes through its refining facility is obtained from trustworthy sources.

Operating a fully integrated precious metals business, the refining of gold is the initial stage in the production of The Perth Mint’s extensive range of bullion, commemorative and industrial products.  With its activities and the quality of its products and services guaranteed by the Government of Western Australia, its ban of conflict metals is vital to its success. 

“With increasing institutional and private ownership of gold in the form of bullion bars and coins, the issue of conflict minerals is paramount for our investors, so we want to be sure we are providing them with socially responsible products,” he continued.

Today, there are now 80 conflict-free gold refiners across the world, which are recognised by the CFSP.

This article was originally published by The Gold Industry Goup, the independent industry body which promotes the importance of the gold sector in Australia.



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