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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No Truth In “Chinese” Rumour

Topics [ silver bullion coins Australian Koala Australian Kookaburra Year of the Dragon ]

BULLION BARS AND COINS

Anyone who read the following post on ‘silvergoldsilver’ and was alarmed enough to email The Perth Mint has no cause for concern.


 Link: http://silvergoldsilver.blogspot.com/2011/08/exclusive-china-or-one-chinese-buyer.html

There is no truth to this claim at all.

In reference to the 1oz Dragon silver bullion coins, dealers in Australia and our main overseas markets of Europe and America who have supported the Australian Lunar Series II over the past four years have been allocated coins. The numbers they will receive is directly related to the quantity of coins they have taken in previous years of this 12-year Series.

We have stocks of 2012 Australian Kookaburra 1oz silver bullion coins (500,000 mintage) which we are supplying to dealers as they are ordered.

There is no mintage limit to 2012 Australian Koala 1oz silver bullion coins, which will be launched on 1 November 2011 and be offered for sale until the end of 2012.

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2012 Australian Gold and Silver Bullion Coin Program Unveiled

Topics [ gold coins Australian Lunar bullion coins silver coins Australian Kookaburra Year of the Dragon ]

BULLION BARS AND COINS

Today we officially unveil the designs for the five series comprising the 2012 Australian Gold and Silver Bullion Coin Program. (Watch the video below.)

With availability staggered over three months, the key launch dates are as follows:

COIN SERIES     METAL   LAUNCH DATE 
2012 Australian Lunar   Gold & Silver
 1 September 2011
2012 Australian Kookaburra
 Silver
 1 September 2011
2012 Australian Kangaroo  Gold  1 October 2011
2012 Australian Koala  Silver  1 November 2011
 
The 2012 Australian Lunar gold and silver bullion coins celebrate the Year of the Dragon.



Anticipation surrounding these Lunar Dragon coins has been at fever-pitch for some months. As a result of the expected popularity of some coins, the following restrictions apply to purchases made via www.perthmintbullion.com or in person at the Bullion Desk in The Perth Mint Shop.

•1oz Lunar Dragon gold bullion coin (max. mintage 30,000) – No more than five coins per customer.

•1oz Lunar Dragon silver bullion coin (max. mintage 300,000) – No more than 20 coins per customer.

No restrictions apply to 1kg, 10oz, 2oz, 1/2oz, 1/4oz, 1/10oz or 1/20oz gold bullion Lunar Dragon coins; or 1kg, 10oz, 5oz, 2oz or 1/2oz silver bullion Lunar Dragon coins.

The 2012 Australian Kookaburra silver bullion coins portray a kookaburra sitting on a tree branch amid eucalypt leaves.



Once again, the 1oz Kookaburra silver bullion coin is expected to be highly sought after.  In 2011, the full 500,000 mintage sold out at The Perth Mint.  

2012 Australian Kookaburra silver bullion coins are also issued in 1kg and 10oz weights.

Brochures containing full details of the 2012 Lunar and Kookaburra series, as well as the forthcoming 2012 Australian Kangaroo gold bullion coin series and 2012 Australian Koala silver bullion coin series are now available for download.

     
2012 Gold Bullion Coins   2012 Silver Bullion Coins

Watch the video:


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Perth Mint Visit Turns To Gold For Investor

Topics [ buy gold ]

IN THE NEWS

A chance visit to The Perth Mint four years ago helped turn Theresa Gattung, former chief executive of Telecom New Zealand, into a multi-millionaire. "That is when I first thought about gold, and how it had been a great store of value through the ages," she told the Weekend Australian. But most of her friends and business colleagues thought it was a strange thing to do at the time. Read more.

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Peter Schiff Says No Ceiling For Gold Prices

Topics [ buy gold ]

WHAT OTHERS ARE THINKING

Peter Schiff says gold is more than just another precious metal. According to the president of Euro Pacific Capital, gold is a thermometer for the economy. And with gold prices at a high of US$1851 an ounce, the economy isn’t getting any healthier. “Gold going up every day is saying that the economy is sick. It’s really, really sick,” Schiff told RT. Yet, he added, world leaders are ignoring the surge in gold prices as if the increase wasn’t telling them something.

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World Gold Council: Gold Demand Trends Second Quarter 2011

Topics [ gold market gold investment gold prices ]

RESEARCH & ANALYSIS

The World Gold Council has released its latest quarterly review for gold.

Assessing the second quarter of 2011 it said gold’s strong start to the year was reinforced during the period with gold demand measuring 919.8 tonnes, worth a near-record US$44.5bn, with broad-based support across all sectors and geographies. Standout markets were India and China, as these two markets accounted for 52% of total bar and coin investment and 55% of global jewellery demand.

Looking forward to the second half of 2011, the report said gold demand will remain strong owing to a number of key factors:

•   Despite a higher gold price, Indian and Chinese demand grew 38% and 25% respectively during Q2 2011 compared to the same period of 2010. This growth is likely to continue, due to increasing levels of economic prosperity, high levels of inflation and forthcoming key gold purchasing festivals.

•   The impact of the European sovereign debt crisis, the downgrading of US debt, inflationary pressures and the still-fragile outlook for economic growth in the West are all likely to drive high levels of investment demand for the foreseeable future.

•   Central banks are likely to remain net purchasers of gold. Purchases of 69.4 tonnes during Q2 2011 demonstrated that central banks are continuing to turn to gold to diversify their reserves.

Download Gold Demand Trends Second Quarter 2011.

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How Much Gold Should A Person Buy As A Percentage Of Their Wealth?

Topics [ financial crisis buy silver buy gold ]

WHAT OTHERS ARE THINKING

There’s plenty of opinion out there on this question, but most advisors appear to recommend somewhere between 5% and 30%.

Kevin McElroy of Wyatt Investment Research, on the other hand, isn’t inclined to put a hard and fast number on it.

He suggests there’s a ‘simple metric’ that will ensure you have the “bare minimum of gold or silver that you might need in a worst-case-scenario.”

Here’s Kevin’s rule of thumb for people considering this issue:

“Look at your budget for your monthly living expenses. Stuff like food, water, transportation, clothes, heating oil, etc. Add it all up to find your average monthly cost of living. Multiply that number by six, and then buy a mix of gold and silver bullion equal to that six month estimated cost.

Why six?


Assume we enter into a real life, 'as seen on TV' currency crisis, with food riots and long lines at the gas station, wheelbarrows filled with cash to buy a loaf of bread, etc. In this circumstance I estimate that at the VERY least, you'll want to have enough gold and silver to cover six months' worth of your living expenses.


Six months would give you enough time to figure out the next step - whether that's moving in with relatives across the country, or finding a new home in a different area - even moving overseas, or starting a large garden or small business that would be in demand in the aftermath of a currency crisis.


Hopefully, six months of living expenses isn't more than 5% of your net worth - it's probably also an affordable amount to get started with.


Anything more than that six month supply is extra security for your bottom dollars.


I wouldn't advise putting more than 30% of your net worth in gold or silver. That's way too many of your eggs in one basket.”


Read Kevin McElroy’s post A Gold and Silver Buyer's Guide Part II in full here.

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