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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Don't Get Duped By Fake Minted Bars

BULLION BARS AND COINS

We’ve recently been informed about fake Kangaroo Minted Gold Bars being offered for sale in lookalike black plastic cards. We report cases like this to the Australian Federal Police and also to eBay with a request to have the offending items removed from sale.

Fake Kangaroo Minted Gold Bars

Unfortunately, replicas, counterfeit items and unauthorized copies represent an ever increasing problem, putting the onus firmly on buyers to be as vigilant as possible. To help you avoid being duped by people offering these fakes, we’re pleased to offer the following guidance:

Genuine Kangaroo Minted Gold Bars

In comparison to this representation of a genuine Kangaroo Minted Gold Bar in black card, the fake features several obvious discrepancies:

• The fake black card omits our black swan ‘water mark’ logo on the front.
• The fake product is encased in an inelegant plastic sleeve featuring crimped edges.
• The fake black card features the words “CertiCard® SECURITY CASE” instead of “The Perth Mint tamper-evident case”.
• The letter ‘B’ is omitted from the six-digit bar number on the back of the black card.

With the bars themselves, we also believe the fake exhibits a discernible drop in ‘strike’ quality demonstrated by fuzziness to the Perth Mint logo and specifications.

If you are even remotely suspicious about a Kangaroo Minted Gold Bar seen advertised for sale, our advice is to leave it well alone however tempting the asking price – there is no-knowing what the actual bar is made of!

To eliminate the risk entirely, of course, their safest course of action is to purchase directly from The Perth Mint or an approved Perth Mint distributor - listed here.



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Why Buy Gold?

PRECIOUS METAL SERIES - 5

Between 2002 and 2011, the price of gold rose steadily, indeed spectacularly. The market enticed a large number of speculators hoping to ride this golden wave to prosperity. Those who bought early in the cycle and sold out at the peak in July/August 2011 were certainly richly rewarded.

Today, the direction of the gold price is much less certain. Understandably, people with a speculative mindset question the value of owning gold. Many who bought during the ‘bull run’ have pulled out altogether, chasing returns from equities, property and other ‘risk’ assets.

Even so, there remain compelling reasons to own and hold some gold.

One of the most important arguments that people adhere to concerns the old adage: “never put all your eggs in one basket”. As anyone with a rudimentary understanding of investment is aware, diversification plays an important role in reducing risk.

Even in a portfolio that already has a wide range of investments, gold can be a useful diversifier because it is relatively independent of economic cycles and has low correlations to other financial assets. In other words, it often performs well when others are going south!

Because of this, many regard gold as a vital insurance policy in an uncertain financial and economic world. By reducing volatility over the long term, gold can preserve wealth in the face of threats such as a currency crisis, credit crunch, inflationary spike, natural disaster, geopolitical emergency or war.



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WGC Reports 1% Dip In Gold Demand During Q1 2015

Topics [ gold investment ]

RESEARCH AND ANALYSIS

The first quarter of 2015 saw a 1% dip in overall gold demand to 1,079 tonnes compared to the same period last year, according to the World Gold Council’s latest report.

Key Drivers

The global jewellery market was down 3% at 601 tonnes, led by China which experienced a 10% dip.

Investment demand increased by 4% to 279 tonnes, with Western-based ETFs recording their first positive inflows since Q4 2012. Purchases of bars and coins were down 10% year-on-year, a reaction to buoyant stock markets, it said.

Meanwhile, central banks continued to buy gold as they racked up 17 straight quarters of net purchases.

Asia led the way with China and India alone accounting for 54% of total global gold purchases in the quarter, a trend the WGC said it expected to continue.








Download Gold Demand Trends First Quarter 2015 from The World Gold Council (pdf 1009.63kb)



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14 Precious Metal Terms All Bullion Coin Buyers Should Know

Topics [ buy gold online buy silver online silver bullion coins gold bullion coins ]

BULLION BARS AND COINS

 

Bullion Coins – legal tender issues struck from precious metal designed to be kept as a store of value or an investment (opposed to circulating coinage used day-to-day or proof collectables)

Junk Silver – older coins that derive most of their value from their silver content

Troy Ounce (oz t) – traditional unit of measure used for precious metals where 1 troy ounce = 1.097 avoirdupois ounce (or 31.103g)

Fineness / Purity – the amount (by weight) of pure gold or silver in the coin eg 9999 parts per thousand = 99.99 per cent pure

Gross Weight – the coin’s total weight as registered by a scale

Fine Weight – the coin’s gross weight multiplied by its percentage purity

Spot Price – the price at which physical gold or silver of specific fineness is traded at a particular place and time

Premium – the amount charged by the coin manufacturer over and above the spot price of metal to cover the cost of fabrication and other overheads

Face Value – the nominal or symbolic value printed on the face of a bullion coin

Intrinsic Value – the value of the coin’s precious metal content (aka Melt Value). Calculation: gross weight x purity x metal spot price

Numismatic Value – the amount over the intrinsic value the market is prepared to pay for rarity or some other factor that makes the coin collectable

Ask Price – the price of metal plus the coin premium – in other words the selling price

Bid Price – The price at which a mint or gold dealer will buy-back a bullion coin   

Spread – The difference between the selling price (Ask) and the buy-back price (Bid) – useful for determining how much the coin must increase in value before a profit can be realised



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Who Are The Top Gold Producing Countries?

Topics [ how to buy gold gold mining ]

RESEARCH AND ANALYSIS

According to this infographic from American Bullion Inc, world gold production in 2014 totalled 2,860 tons. Here are the top 10 producers by nation:

View the full infographic here.



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Returns Matrix Demonstrates Gold Is For The Long Term

Topics [ gold bull market gold bear market gold bullion prices ]

RESEARCH AND ANALYSIS

Discover the return on a gold investment over a range of timeframes in this Returns Matrix for Gold created by Bron Suchecki. Click to learn how.



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