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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Predicting The Price Of Gold With Fibonacci

EDUCATION

There’s a story (Bloomberg.com) today suggesting a new level for gold based on Fibonacci technical analysis. I know about the Fibonacci sequence, but little about Fibonacci analysis and figured it was time to investigate.

Leonardo Fibonacci was an Italian who introduced a new mathematical concept in the west in the 13th century. In his famous Fibonacci sequence, each term is the sum of the two previous
numbers i.e. 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55 etc.

The fascinating thing about the Fibonacci sequence is the ratio of adjacent terms – approximately 1.618. Known as the 'golden ratio", it has been described as fundamental to the building blocks of nature.  Try this article for a brilliant explanation of the golden ratio in everything from a sunflower to the human body!

In stocks and commodities “Fibonacci analysis is based on the theory that prices rise or fall by certain percentages after reaching a high or low”. According to Justin Kuepper, it is useful for estimating areas of support and resistance.

Now I’ve looked, there’s a great deal of information about Fibonacci analysis on the internet, and Justin's article Fibonacci and the Golden Ratio on Ivestopedia struck me as an interesting starting point for anyone unfamiliar with this concept.

If there’s any other term related to the precious metal industry that you’re unsure about, please let me know. I’ll pick the combined brains at The Perth Mint to get an answer for you with a view to compiling a Glossary of Terms over time.

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Data Releases That May Affect The Gold Price And Currency Rates For w/c 29 November

TREASURY VIEW

Key data releases that may affect the gold price and currency rates this week include Australia’s Q3 current account balance and Q3 GDP figures; and in the US the non-farm payrolls change and November unemployment.

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Where To Store Your Gold

Topics [ depository services depository store silver store bullion store gold ]

EDUCATION

Terry Coxon from The Casey Report has some good advice in a recent article about the best place to store your gold: "In more than one place." He also advises that “your gold storage plan should have both a domestic component... and an offshore component.” The Perth Mint’s Depository business is very popular for the “offshore” component – around 75% of its clients are overseas investors – given Australia is economically and politically stable. For the domestic component, Mr Coxon recommends private safety deposit boxes over bank ones and mentions two US based providers. For Australian investors there are not many options, with “Safety Deposit Services” in the Yellow Pages only giving four proper private safety deposit box operators (this is not a recommendation):

VICTORIA - Guardian Vaults
NEW SOUTH WALES - The Vault
QUEENSLAND - The Reserve Vault and Safety Deposit Centre

While The Perth Mint’s Depository facility does not offer traditional safety deposit boxes, investors can store their coin and bar purchases with the Mint on an ‘allocated’ basis. This means the coin or bar is physically segregated from the Mint’s operational metal and identified as belonging to the investor. The advantage of this option is that the metal is fully insured by the Mint and investors have the comfort of knowing their metal is held in a facility with an extraordinary level of security.

Of course, one should never rule out personal storage, especially for small amounts. Gold is very ‘value dense’, in that a large amount of money value can be held in a physically small size. For example, a solid gold bar the size of a matchbox (something easily hidden) would be valued at over $20,000. In the end it is a personal choice based on individual circumstances and perceptions of risk.

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What Animal Would You Like To See On Australia’s Next Bullion Coin?

Topics [ bullion coins bullion ]

BULLION BARS AND COINS

What other animal symbol of Australia would you like to see portrayed on a bullion coin for international investors?

The Perth Mint already depicts kangaroos, koalas and kookaburras on its bullion coins – each one an internationally recognised emblem.

Thanks to our unique animal kingdom, however, there are plenty of other potential candidates. Our Coat of Arms and circulating coinage provide a few interesting examples.

Please drop us your ideas on which animal could best represent Australia on a future bullion coin series from The Perth Mint.

We’d love to know your thoughts.

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Purchase Bullion Direct Or Via A Dealer?

Topics [ where to buy silver bullion buy silver bullion online where to buy gold bullion buy gold bullion online buy silver buy gold ]

WORLD OF GOLD

We’ve been asked if there is any difference in buying gold and silver bullion directly from The Perth Mint or from any of our authorized Perth Mint dealers.

If anyone doesn’t already know, you can purchase bullion coins and bars from the Mint via telephone and now, with the launch of www.perthmintbullion.com, via the internet. Alternatively, you can buy from an official Perth Mint bullion dealer.

Our international dealer network offers clients all over the world the opportunity to deal with a local supplier. You may feel it is important to have a close relationship with your bullion supplier. It may be something as practical as relying on somebody who talks your language, or somebody who is open for business in your time-zone!

Our dealers place large wholesale orders, making them very competitive in the marketplace. You might even be able to save on freight and insurance costs if you’re able to pick up product from a local collection point.  All these factors make it attractive for many buyers to deal with a supplier that’s well known and trusted in their region.

As in any industry, of course, there are also customers who like the ability to deal direct with the manufacturer.  We aim to make this process as easy and convenient as possible with our established telephone and new ‘live-price’ internet sales services.

So yes, there are differences – but they both offer clear advantages to clients who must decide which is best for them.

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Precious Metal Gifts

Topics [ gold coins silver bars gold bars silver coins ]

BULLION BARS AND COINS

Buying Christmas gifts destined to be returned, exchanged or left languishing in the drawer is so disappointing. But Barbara Drury thinks she’s got the solution. This year, she writes in the Fairfax Digital Media, why not give “an investment that keeps on giving?” Gold and silver purchased from www.perthmintbullion.com is one of her leading suggestions.

Read the full article at www.smh.com.au

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