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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ETF Price Suppression Mechanics

Topics [ gold investing gold market ]

RESEARCH AND ANALYSIS

In this article, Bron Suchecki addresses an article by Andrew Maguire on the TF Metals Report blog that explained how bullion banks use Exchange Traded Funds (ETFs) to suppress the prices of gold and silver. Bron’s article covers:

Whether ETF’s have the gold?
How the ETF market making process works
The borrowing of shares
Fractional reserve bullion banking

as well as the ways bullion banks can use and trade ETFs and an opinion on how significant the ETFs and the transaction mechanisms around them are to the precious metal markets.

Download ETF Price Suppression (pdf 265kb).



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Infographic: Supply And Demand For Silver

Topics [ silver investing Silver Price silver market ]

RESEARCH & ANALYSIS

Visual Capitalist has published Part 2 from its Silver Series of infographics. (Click here for Part 1). The latest instalment examines supply and demand, suggesting that even though there are more than 10,000 modern industrial uses for the metal, investment represents one of the fastest growing segments of silver demand.

Take a look:




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Perth Mint Announces New Mintage Policy

Topics [ gold coins silver coins ]

PERTH MINT NEWS

The new Perth Mint Mintage Policy has been finalised.

It addresses issues and questions raised on our blogs and in other coin forums about some Perth Mint practices.

If you are one of those who contributed, thanks for your input. The opportunity to review our practices and provide clarity to collectors and investors is timely.

Here are the key points that will be of most interest:

Maximum Mintage

Every limited issue coin will have its Maximum Mintage clearly stated upfront. A Maximum Mintage is the total number of pieces we will strike for release– without exception.

The Maximum Mintage will be announced in advertising and promotional materials, on our web platforms, and (for collectable issues) in accompanying Certificates of Authenticity.

Packaging Variation Issue Limit

We will continue to release some coins in packaging variations - ie individually, in a set, or as part of a collection. As stressed above, however, Maximum Mintages will not be exceeded.

In such a scenario, we will apply an Issue Limit to each packaging variation. Both the Issue Limit and the Maximum Mintage of the coin or coins concerned will be clearly stated in promotional materials and the Certificate.

Bullion Manufacturing

Some commenters have discussed what they refer to as “re-strikes”, a case in point being the 1992 Australian Kookaburra 1oz silver bullion coin which has become something of a cause célèbre.

It is not. It simply demonstrates the Mint’s prerogative to mint bullion and numismatic coins to their Maximum Mintage over time while interest remains. (The exception being the Australian Lunar I Series, which was permanently cut-off in 2007 and its mintage Declared.)

On a related point, we cannot change the year-date on any coin without submitting it as a design change to Australian Federal Treasury. If we were to do so, it would be deemed a new and separate coin issue.

Specimen Coins

Although we thought it was based on sound reasons, the previous decision to describe packaged bullion coins as specimen quality was inappropriate.

This practice is amended and our definition of specimen quality now relates exclusively to bullion-like strikes featuring one or more numismatic treatments.

Policy Implementation

The new Mintage Policy is being implemented immediately. As I said in my previous post, however, because we work in advance there are some products now awaiting release that may not fully adhere to its principles.

As usual, we’d value your feedback. Please leave comments or questions and I’ll be delighted to respond should further explanations be required.



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Global Gold Demand Reflects Challenging Global Economic Climate – World Gold Council

Topics [ gold market investment sovereign debt ]

RESEARCH AND ANALYSIS

Global gold demand in Q3 2012 was 1,084.6 tonnes (t), down 11% from the record Q3 2011 figure of 1,223.5t.   This dip in demand is in comparison with exceptional demand in Q3 last year. Gold demand remains resilient. Q3 2012 was above the five year quarterly average of 984.7t, according to the World Gold Council's Gold Demand Trends Report.

Download Gold Demand Trends Third Quarter 2012



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New Volume Discounts Make Buying Bullion Cheaper

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

BULLION BARS AND COINS

Significant savings can be made on Australian gold and silver bullion coins from The Perth Mint thanks to the introduction of lower thresholds for volume price breaks.

For example, silver investors previously needed to buy 100 or more 1oz coins to receive a saving of $1.50 per coin. Under the new, lower thresholds, they can now take advantage of the same saving on an order of just 20 coins.

Even more remarkable, the saving of $3.50 per coin that previously began on orders for 500, now applies to purchases of only 100 or more 1oz coins.

The new volume thresholds mean similar savings also apply on 1kg, 10oz, 5oz, 2oz and 1/2oz coins, making it more affordable than ever to stack silver in any of these popular sizes.

There’s equally exciting news for investors purchasing 1oz, 1/2oz, 1/4oz, 1/10oz and 1/20oz gold bullion coins.

Incremental savings now apply on volumes of 5, 20 and 50. As an example, buyers of 1oz gold bullion coins will save around $17 per coin when buying just 20 or more.

Comprehensive details about the price per coin under our new volume pricing structure are available on individual product pages at www.perthmintbullion.com.


The Perth Mint has boxes, trays and 20-coins rolls for customers taking advantage of volume discounts.



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Monthly Sales - October 2012

Topics [ gold minted bars buy silver bullion online buy gold bullion online ]

STATISTICS

Total ounces of gold and silver sold by The Perth Mint* in October 2012 as coins and minted bars:

Gold (Au): 54,242.76

Silver (Ag): 457,700.76

Compare with last month.

(*excludes Depository and Perth Mint Shop.)



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