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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UPDATE - Can My Wife/Partner/Father/Mother Sign For My Bullion If I’m Not In When It Is Delivered?

Topics [ buy silver bullion online buy gold bullion online ]

BULLION BARS AND COINS

Please note the following update to information provided in this previous blogpost:

Bullion purchased from The Perth Mint is generally delivered to individuals in Australia via TOLL Priority courier. Different rules apply on large orders over $30,000 when we use an armoured courier service or TOLL Priority with an insurance waiver.

Unless there is a pre-arranged alternative procedure in place, we will only ever deliver to the person whose name appears on the delivery note. We will email you the day before your shipment is scheduled to arrive, and at the time of delivery our courier will request valid photo id (eg passport, driving licence) before asking you to sign for the package.

Not all customers are in when the courier calls. If you choose, you may make written arrangements with the Mint for a nominated person (eg wife, partner, other family member) to accept the goods on your behalf. This is the only circumstance under which we will deliver to a person other than the customer.

If the person shown on the consignment note is not available to receive your parcel, a courier card with contact details will be left for you to arrange a re-deliver or collection of the item within 7 days free-of charge. If no action is taken after this period, the items will be returned to The Perth Mint and it will incur return freight fees. Additional fees may be incurred for a new delivery.



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Is Gold Still “The Next Greatest Trade Ever”?

Topics [ gold bull market gold prices ]

WHAT OTHERS ARE THINKING

There are several reasons, both fundamental and technical, why gold is primed for big gains, according to Peter Krauth, Contributing Editor, Money Morning. They include:

• Seasonal Patterns. Since January 2002, gold has averaged 20.8% gains from the months of August through the end of February.

• Gold Demand Sustained. According to the World Gold Council (WGC), gold demand volume was down 7% in Q2 (year over year), but stable in value terms at $51.2 billion, since the gold price was up about 7%.

• Central Banks Buying. Gold reserves increased by 157.5 tonnes in Q2, the largest quarterly net purchases since the official sector shifted into net buying mode in Q2 2009, according to WGC. Developing nations were again the biggest buyers.

• Gold is Technically Cheap. Frank Holmes of U.S. Global Investors says that, using the 12-month rolling return for gold with data from the last 10 years, gold reached an extreme low earlier this month, triggering a Buy signal.

• Narrowing Price Range and Volatility. Since mid-May, gold’s been trading in a narrow price range, and daily volatility has all but dried up. This behaviour is typical before large moves.

• Bullish Price Action. The gold price has been acting well, establishing higher highs and higher lows for the past three months.

Full story: Money Morning Australia

Gold futures snapped a three-session winning streak Tuesday losing US$5.90, or 0.4%, to end at US$1,669.70 an ounce in New York. Silver dropped 17 cents, or 0.6%, to US$30.88 an ounce.

Full story: MarketWatch



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Is Gold Set For A 12th Year Of Gains?

Topics [ gold prices ]

IN THE NEWS

Economic stimulus is on Government agendas from the US to China.

Central banks are forecast to purchase close to 500 tons of gold this year.

Billionaire investors George Soros and John Paulson recently bet on gold, increasing their stakes in gold-backed investments.

And the latest Bloomberg survey shows traders and analysts are optimistic that bullion for immediate delivery could reach US1,800 per ounce by year-end, extending gains this year to 15 percent.

The prospects of a 12th year of gains for gold appear strong.

Full Story: Bloomberg

US gold futures for December delivery settled up US$2.70 an ounce at US$1,675.60 on Monday. Silver tracked gold higher, with the September contract up 43 cents, or 1.4%, to settle at US$31.05 an ounce.

Full story: Market Watch



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Perth Mint Unveils 2013 Australian Bullion Coin Program

Topics [ Australian Platypus Australian Kangaroo platinum bullion coin silver bullion coins Australian Lunar Australian Koala buy silver bullion online gold bullion coins Australian Kookaburra buy gold bullion online Year of the Snake ]

BULLION BARS AND COINS

The Perth Mint today unveils the Australian Lunar, Kangaroo, Kookaburra, Koala and Platypus bullion coin designs for 2013.


2013 BULLION BROCHURES

COIN AVAILABILITY

• Australian Lunar: 3 September 2012
• Australian Kookaburra: 3 September 2012
• Australian Kangaroo: 1 October 2012
• Australian Koala: 5 November 2012

• Australian Platypus: 1 January 2013

Media release and photographs



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Gold Favoured To Rise Next Week: Survey

Topics [ gold bull market gold prices ]

IN THE NEWS

Twenty-nine of 35 analysts surveyed by Bloomberg expect prices to rise next week and three were bearish. A further three were neutral, making the proportion of bulls the highest since November. 11.

“There’s no doubt about it, this is gold’s moment. All the long-term trend signals suggest that gold is in a very strong bull market,” said HSBC Global Asset Management’s Charles Morris.

Full Story: Bloomberg

Gold commentator Peter Brimelow noted this in The Golden Truth: “From both a fundamental and technical standpoint, the indicators for gold to make a run to new highs have not been this bullish in the 11-year bull market.”

And he quoted from technician Alf Fields that if analysis pointing to the end of gold’s correction is right, then “the gold price should soon be expressing itself in violent upside action… which is still targeted to reach US$4,500.”

Full story: MarketWatch

U.S. gold futures for December delivery settled up US$32.30 at US$1,672.80 an ounce on Thursday. Silver rose 2.2 percent to US$30.49 an ounce.

Full story: Reuters



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Six Trading Days Left To Secure Dragon Bullion Coins

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

WEBSITE INFORMATION

Availability of the most successful design themes in the history of the Australian Lunar coin program is rapidly drawing to a close.

Gold and silver bullion coins celebrating the Year of the Dragon will only be available via www.perthmintbullion.com for six more trading days.

Come 8.30am on 3 September, we’ll be introducing 2013 designs marking the Year of the Snake.

This is the final opportunity for online bullion investors and collectors to acquire freshly minted Dragon coins direct from the Mint.

Please be aware that with the introduction of the 2013 Australian Kookaburra on the same day, we are also in the final stages of taking orders for the popular 2012 Kookaburra release.

 


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