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 to buy gold: simple, safe and secure options available at The Perth Mint

Topics [ how to buy gold investment invest in bullion invest in gold ]

Interest in precious metals investing is growing once again.

A decade ago, the global financial crisis helped popularise gold as a go-to asset in times of economic crisis. Now, with serious talk about the possibility of a potential downturn in international economic growth, many people are again considering gold as a ‘safe haven’ investment with the power to preserve wealth.

Reflecting the way in which gold is becoming more mainstream, small investors account for a large percentage of the mounting inquiries we’re receiving at The Perth Mint.

To cater for our diverse clients, we offer an extensive range of traditional and contemporary products and services suitable for private investors through to sovereign wealth funds. As a result, we not only offer world renowned coins and bars for delivery, but also depository services via our online portal, exchange traded products and even a handy smartphone trading app.

Below is a more detailed look at our solutions:

Online Trading Portal

Perth Mint Depository provides a 24/7 online trading portal with live pricing for investors to buy, store and sell gold, silver and platinum.

Online Depository Account holders have the choice of a range of storage solutions offering different pricing structures.

Additionally, Depository Online includes a monthly savings plan for accumulating precious metals over time with a minimum contribution of only AUD 50 per month.

Telephone/Email


Modelled on a traditional service with personalised contact, the Depository Program is tailored to investors who wish to operate their account by telephone or email.

As a Depository Program Account holder, you communicate directly with our in-house traders who provide live pricing and instant confirmation of trades.

This account also offers several storage solutions in gold, silver and platinum.

Share Trading Accounts

Trading on the Australian Securities Exchange (ASX) under the code PMGOLD, Perth Mint Gold is a fully paid warrant on 1/100th of a troy ounce of physical gold.

Able to be accessed through a standard Australian share trading account, PMGOLD is structured to track the international spot price of gold in Australian dollars.

Trading on the New York Stock Exchange (NYSE), AAAU is unique in the marketplace as it is the first gold ETF to have the precious metal held on behalf of investors guaranteed by a sovereign entity.

Designed to track the international price of gold in US dollars, it is available to Australian investors through an international share trading account.

Mobile App


GoldPass® is a full-service investment app that allows users to buy, store, sell and transfer physical gold via a 24/7 trading platform on their smartphone.

The physical gold backing each investor’s GoldPass® holdings is represented in the form of digital certificates within the app.

Buy and Store Independently


For investors who wish to store physical precious metals themselves, our bullion range comprises:

 •  Gold and silver minted bars
 •  Gold and silver cast bars
 •  Gold, silver and platinum bullion coins

Bullion products can be ordered online or by phone for secure delivery to an approved location of the investor’s choice. Alternatively they can be purchased over the counter in our Bullion Trading Room.

Why The Perth Mint?

The Perth Mint is a global leader in precious metals. We process more than 90% of Australia’s and approximately 10% of the world’s newly mined gold, distributing precious metals worth more than AUD 18 billion annually throughout 130 countries.

We are the sole manufacturer of the official Australian Bullion Coin Program and make bullion bars at our refinery, one of only a few global precious metal facilities accredited by all five of the world’s major gold exchanges: London Bullion Market Association (LBMA), New York Commodities Exchange (COMEX), Shanghai Gold Exchange (SGE), Tokyo Commodities Exchange (TOCOM), and the Dubai Multi Commodities Centre (DMCC).

Importantly, investors who choose any of our products do so with the knowledge that their underlying physical holding is guaranteed by our sole owner, the Government of Western Australia, under the Gold Corporation Act 1987.




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Monthly Sales – January 2019

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

  - Gold (Au): 31,189 oz

  - Silver (Ag): 828,854 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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Investment coin demand stronger in 2018 as central bank buying boosts global gold demand

Topics [ gold investing ]

Research by the World Gold Council (WGC) shows retail gold investors regained their appetite for official coins in 2018. While demand for gold bars remained stable at 781.6 tonnes for the year, annual coin demand surged 26% to 236 tonnes, its highest since 2013.

The WGC said demand was boosted by the fall in gold prices across most currencies and heightened equity market volatility during the second half of the year, with buyers from Iran and South Africa notably active in the market.

Gold-backed exchange traded funds (ETFs) experienced strong inflows in Q4 in an otherwise lacklustre performance. Annually, inflows reached 69 tonnes, 67% lower than in 2017. Nevertheless, the total value of all gold ETF holdings finished the year above $100 billion for the first time since 2012, the WGC said.

Total global demand gained 4% to 4,345.1 tonnes on the back of soaring gold purchases by central banks, it reported. Up 74% on 2017 at 651.5 tonnes, net purchases reached their highest level since 1971 with Russia, Turkey and Kazakhstan leading a growing number of central banks buying gold.

Annual jewellery demand was virtually unmoved with consumption down just 1 tonne from 2017.

For the full picture, read the World Gold Council’s Gold Demand Trends Full Year & Q4 2018.



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Dragon returns in new form on bar-shaped bullion coins

Topics [ silver bullion coins gold bullion coins Dragon ]

A stunning follow up to last year’s innovative rectangle-shaped Dragon bullion coins are released today.

Featuring a new artistic interpretation of the legendary Chinese dragon, an auspicious symbol of power, strength, wealth and good fortune, the 2019 releases are struck from 1oz of 99.99% pure gold and 1oz of 99.99% pure silver.

The mythical creature’s serpentine body shape is portrayed alongside a luminous or flaming pearl, a symbol of wisdom and enlightenment, on a background featuring cloud motifs which allude to the benevolent Dragon’s power over weather and water.

The reverse design also incorporates a micro-engraved letter ‘P’ within one of the dragon’s claws. Only visible through a magnifying glass, this authentication feature is intended to make counterfeiting extremely difficult.

Each coin, which is issued as Australian legal tender, depicts the Jody Clark effigy of Her Majesty Queen Elizabeth II on the obverse.

For the investor who appreciates superb quality design on limited releases, no more than 20,000 gold coins and 250,000 silver coins will be issued.

Available now

The Dragon 2019 1oz Gold Bullion Coin is housed in a protective acrylic capsule.

The Dragon 2019 1oz Silver Bullion Coin is presented individually in a protective clear plastic pouch and in convenient tubes of 20 coins. A monster box containing 10 tubes (200 coins) is also available.

Registered bullion clients are invited to place orders at perthmintbullion.com.

Other buyers should visit The Perth Mint’s Bullion Trading Desk at 310 Hay Street in East Perth, or contact us by telephone on 1300 201 112 (Australia) / +61 8 9421 7218 (International).

Alternatively, these new Dragon coins can be purchased from our network of authorised distributors.



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LBMA precious metal price prediction survey for 2019

Topics [ gold bullion prices ]

Reflecting the views of 30 professional analysts, the London Bullion Market Exchange’s forecast survey for the price of precious metals in 2019 is out!

The annual report asks participants to predict the high, low and average price of gold and other investment metals for the forthcoming 12 months.

The average of all forecasts for gold suggest a modest gain, up 1.8% to $1,311.71. Analysts’ estimates vary considerably across a $325 trading range, with a high of $1,475 and a low of $1,150.

On silver, participants foresee an average price per ounce of $16.28 in 2019. With a high of $20 and a low of $12.75, the $7.25 spread is also seen as significant.

The lack of consensus about what may happen to prices reflects divergent outlooks on what’s in store for the global economy, the LBMA suggests.

“Whilst markets have factored in some of the downside risks of Brexit and US-China trade wars, other factors such the level of US real interest rates, strength/weakness of the dollar, the likely impact of geopolitical factors and the pace of global economic growth continues to provide some uncertainty,” it says.

Commentaries from each contributor in support of their price predictions including platinum and palladium make fascinating reading in the 2019 Precious Metals Forecast Survey [pdf], where you can also discover who made the most accurate forecasts this time last year.

Prices in US dollars.



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Sell out of Year of the Pig 1oz gold and silver bullion coins good news for Australian Lunar Series III

The 1oz gold and silver denominations from the 12-year Australian Lunar Bullion Coin Series II are fully sold out.

The news follows The Perth Mint’s announcement today that all 30,000 1oz gold coins and 300,000 1oz silver coins marking the 2019 Year of the Pig have been dispatched to wholesale and retail customers worldwide.

 

Previous Mouse, Ox, Tiger, Rabbit, Dragon, Snake, Horse, Goat, Monkey, Rooster and Dog coin releases also sold their full mintages.

The achievement represents a total of 3.6 million ounces of pure silver and 360,000oz of pure gold acquired by investors and collectors in the form of 1oz Australian Lunar bullion coins since the initial annual issue in 2008.

The series lays claim to be part of the first major coin program to celebrate the ancient Chinese lunar calendar. Mimicked many times, it retains its reputation as the highest quality Lunar coin offering in the world.

Group Manager – Minted Products Neil Vance said that the continuing popularity of the program was enormously encouraging for the prospects of Series III, due to be unveiled later this year.

“The Australian Lunar program is a superb advertisement for the quality of Australian precious metals and our minting skills which are among the very best globally,” he said.

“We aim to continue the tradition for another 12 years with Series III and think our clients will relish the new artistic concept we’re unveiling on the 2020 Year of the Mouse line up of gold and silver bullion coins.”

Meanwhile, buyers are encouraged to browse the remainder of the 2019 Lunar Pig coins which are available in a several alternative weights.

Registered clients may order online at perthmintbullion.com. All buyers are welcome to visit our Bullion Trading Desk at 310 Hay Street in East Perth (open 7 days), or call the BullionLine on 1300 201 112 (Australia) / +61 8 9421 7218 (International).

Alternatively, please contact one of our authorised distributors.



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