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 – October 2016

Topics [ minted bars bullion coins buy silver buy gold ]

  - Gold (Au): 79,048 oz

  - Silver (Ag): 1,084,213 oz

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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Perth Mint branded gold in great demand in China

Topics [ gold refining buy silver buy gold ]

MEDIA INTERVIEW

Richard Hayes, CEO of The Perth Mint, explains to 2GB’s Ross Greenwood how China’s continuing appetite for Perth Mint branded gold has contributed to its strong performance in the first half of this financial year.



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Is gold a good investment?

Topics [ buy silver buy gold ]

BULLION BARS AND COINS

With help from Perth Mint CEO Richard Hayes, financial expert Nick Bruining examines gold, revealing how much economists say is wise to include in your portfolio.


[Footage courtesy of 7 News Perth].



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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 ]

BULLION BARS AND COINS

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 ]

PRECIOUS METAL SERIES – 7

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 ]

RESEARCH BLOG

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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