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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Big Cut In Gold Bar Price Presents Perfect Opportunity To Build Bullion Stack

Topics [ invest in gold buy gold bullion bars ]


The Perth Mint has developed the perfect package for anyone thinking about buying gold.

Ultra-low priced bar

While stocks last, the premium on 1oz cast bars made from 99.99% pure gold has been slashed from $35 to just $20. Backed by a Government guarantee of purity and the Mint’s century of refining expertise, this popular bar now represents an unbeatable proposition for new investors and well as seasoned gold bugs.

[‘Premium’ is the amount charged by every refiner to cover costs of fabrication, such as wages, and other marketing and distribution costs.]

Representing the best combination of value and trust in Australia, the re-priced Perth Mint 1oz gold cast bar offers a great incentive to get into bullion buying.

Hassle-free buying

Announced earlier this month, proof of ID is no longer required for anyone buying up to $5,000 of precious metal by phone from The Perth Mint. New customer accounts can be established immediately and buyers can place their first order during the same call!

Shopping for bullion in person at The Perth Mint Shop is equally straightforward.

With new ultra-low pricing, both telephone and walk-in customers could currently easily acquire two 1oz cast gold bars and still have plenty of room within the price limit to take advantage of a range of silver coins and bars.

[To purchase the 1oz cast bar or place an order in excess of $5,000 online at www.perthmintbullion.com, customers are required to satisfy ID requirements specified in the Australian Government’s Anti-Money Laundering and Counter-Terrorism Financing Act 2006.]

To take delivery or not?

While many investors prefer to have bullion shipped to their home or another convenient address, others are sensitive to issues of safety and security. With billions of dollars of investors’ gold and silver securely stored in its vault, The Perth Mint Depository provides a convenient and cost-effective solution for anyone looking for complete peace of mind.

Shop, Ship, Store Advice Line

To purchase the ultra-low price 1oz cast gold bar while stocks last, or ask about shopping hours, the cost of shipping or secure storage facilities, customers are invited to contact The Perth Mint on: 1300 201 112 or +61 8 9421 7218.

More: http://www.perthmintbullion.com/au/Ultra-low-priced-1oz-gold-cast-bar

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How Is Gold Produced?

Topics [ gold investing buy gold coins gold coins gold bullion bullion coins gold gold bullion coins gold bullion bars buy gold ]


The days when miners could dig or pan for nuggets of gold are largely gone. Today, gold is generally extracted from the Earth’s crust as microscopic particles. 

Estimates put the amount of gold in the Earth’s crust at just 11 parts per billion! To recover a single ounce of gold, many tonnes of material must therefore be blasted and processed.

Gold mines sell unrefined gold in the form of doré bars. Australian doré bars are usually composed of between 70-80% gold and 10-15% silver. The lion’s share of these rough bars are processed into fine gold at The Perth Mint, which operates the largest LBMA-accredited gold refinery in the Southern Hemisphere.

Each doré bar first goes through a chlorine refining process, also known as the Miller Process. Originally conceived by Francis Bowyer Miller in Sydney during the 1860s, the Miller Process involves bubbling chlorine gas through molten doré gold so that silver (and most other metals) react with the chlorine to form silver chloride as slag on the top. The resulting gold is 99.5% pure and typically it’s cast into bars weighing about 400oz for use in wholesale markets.

The Wohlwill process is used to increase purity further. A casting of 99.5% pure gold is lowered into a bath of hydrochloric acid and then has an electric current passed through it. Acting as an anode in this electrolytic refining process, the casting dissolves and then deposits on a cathode with a purity of 99.99%.

The resulting cathodes are melted, granulated and then the granules are used to measure out exact weights of gold for casting into bar sizes from 1oz up to 50oz for retail investors.

How Is Gold Produced?

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Understanding Gold

Topics [ buy gold online buy gold bullion online buy gold ]


A wire story that caught our eye this morning arrived under the headline “The Three Books You Must Read if You Want to Argue About Gold”. In it, Bloomberg editor Tom Keene recommends a trio of publications worthy of examination. (A well-read version of his second endorsement, The Power of Gold by Peter L. Bernstein, is a permanent fixture on this writer’s desk!)


The point is that before jumping into precious metal, it is essential to understand as much as possible about the history of gold and its contemporary role. And on this score, Anthony Hart has been providing extremely valuable insights recently on our Research blog.

After examining 12 reasons that justify the ownership of gold, this week he looked at 12 counter-arguments, making the point that readily accepting the positives and ignoring the negatives “is potentially a one way trip to the poor house”.

Anthony discusses contentious issues about gold under headings such as “No Yield”, “Ownership Costs”, “Government Confiscation” and “Barbarous Relic”, before weighing the pros and cons of ownership against each other and concluding that it’s unwise to put all your eggs in one basket.

With significant understanding of gold, Anthony offers his personal perspective to end the series: “The way I personally view ownership of gold is as a pure savings and wealth preservation vehicle, with a little insurance thrown in,as opposed to as an ‘investment’ (investment in this case being an allocation of capital which is put at risk in the attempt to significantly grow overall wealth).”

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How Much Gold Is Enough?

Topics [ gold investing investment gold investment invest in bullion gold bars gold bullion bars buy gold bullion bars ]


If you’re persuaded by the argument that it’s important to diversify your investment portfolio with gold as an insurance against global gloom-and-doom scenarios, you need to consider how much gold is enough.

Roughly two years after the price of gold had declined from its all-time high in 2011, Professor of Economics at Harvard University, Greg Mankiw, concluded that it still made sense to hold a “small sliver” of gold in his portfolio. About 2 percent, he said.

In response, financial advisor, author and advisory board member Joshua M Brown argued that amount was nowhere near enough.  “It’s not ever going to have a large enough impact on a portfolio to matter,” he stated. But in advocating 25 – 50 percent of total assets, was he going over-the-top?

How Much Gold Is Enough?

The World Gold Council (albeit an industry body) is well respected for its research and analysis. Its suggestion falls into line with the many more moderate recommendations we’ve seen. Having crunched some relevant numbers, it states that “modest allocations to gold of 2 – 10 percent can protect and enhance the performance of an investment portfolio. A 5 – 6 percent allocation is optimal for investors with a well-balanced 60/40 portfolio.”

While warning that 20 percent is way too much, former hedge fund manager and now popular US financial commentator Jim Cramer also favours 10 percent as an upper limit. “I consider gold as an insurance policy and no worthwhile insurance policy should be 20 percent of the money you have invested," he said recently.

Ultimately, of course, it’s down to you, but take time to research the topic before deciding your personal ‘allocation to gold’.

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Monthly Sales - May 2015

Topics [ buy silver buy gold ]


Total ounces of gold and silver sold by The Perth Mint in May 2015 as coins and minted bars.

  - Gold (Au): 21,671oz

  - Silver (Ag): 337,511oz

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Who Buys Precious Metal?

Topics [ buy gold coins gold coins buy platinum gold bullion gold bars bullion coins gold gold bullion coins gold bullion bars bullion buy silver buy gold bullion bars buy silver coins ]


In the Western world, gold was once almost exclusively the domain of royalty, the super-rich, professional traders and a group of ‘gold bugs’ - mavericks who for one reason or another distrusted the use of paper currency.

Two decades ago, few ‘ordinary’ people perceived much reason to invest in gold. In truth, they probably didn’t even know how to go about buying it.

But things have changed.

For many, the Global Financial Crisis was a game-changer. Generally unforeseen by economists, it threatened the collapse of large financial institutions, sent assets tumbling and rocked investor confidence.

In the midst of the turmoil, people from all walks of life came to appreciate the traditional view of gold as a ‘safe haven’ in times of crisis. As prices rose, even ‘mum and dad’ investors took the plunge – and if not with gold, then with silver, which can provide many of the same benefits associated with the yellow metal.

While it is not yet fair to say gold has gone ‘mainstream’, the average man on the street is now much better informed about gold ownership and the conviction that it is a valuable component of a ‘balanced’ investment portfolio.

Today, interest in gold coins and bars remains elevated in comparison to pre-GFC times. But here’s a thing – the attitude towards gold in the West still pales in comparison to the obsession for gold in Eastern cultures!

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