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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How Do I Know What I’m Buying Is Genuine?

Topics [ gold bars ]

FREQUENTLY ASKED QUESTIONS

For new gold or silver bar investors, it’s important to check out your chosen brand before committing to buy.

Here’re two trusted resources that will help confirm that you’re purchasing a reputable product.

London Bullion Market Exchange

The London Bullion Market Exchange (LBMA) is the international trade association representing the wholesale market for gold and silver. Any bar made by an accredited member of the LBMA is accepted by all bullion traders and dealers, so you won’t have a problem re-selling it back.

The LBMA website maintains a list of accredited refiners for both gold and silver bars.

Gold Bars Worldwide

This is another excellent source of information for anyone wanting to know more about gold bars (and coins). As well as listing recognised brands, it includes details of every conceivable type of gold bar and great advisories on buying and selling.

If it’s not listed on Gold Bars Worldwide, think seriously before you commit to purchasing it.

The best way to avoid potential pitfalls is by choosing your supplier carefully. As well as the LBMA, The Perth Mint enjoys accreditation as a refiner, weight master and assayer with the New York Commodity Exchange (COMEX), the Dubai Multi Commodities Centre (DMCC), and the Tokyo Commodity Exchange (TOCOM).


A small investor gold bar bearing The Perth Mint’s swan logo, which doubles as our LBMA registered mark.



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Monthly Sales - February 2013

Topics [ gold minted bars silver bullion coins Monthly Sales gold bullion coins ]

STATISTICS

Total ounces of gold and silver sold by The Perth Mint* in February 2013 as coins and minted bars.

Gold (Au): 44,048.62

Silver (Ag): 426,319.29

(*excludes Depository and Perth Mint Shop.)



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Why Is A Bullion Coin’s Face Value Far Less Than Its Intrinsic Value?

Topics [ gold prices gold bullion coins ]

FREQUENTLY ASKED QUESTIONS

Having an official face value is part of what gives coined bullion its legal tender status.

Although face value represents the price the Reserve Bank of Australia would redeem an Australia bullion coin for, in reality, it’s nothing more than a nominal figure advised by Federal Treasury.

Take our 1oz Australian Kangaroo gold bullion coin, for example, which has a face value of $100. That’s a ridiculously low figure compared to the value of its actual gold content, which is tied to the ‘spot’ market.


The face value of a bullion coin does not reflect the value of its precious metal content.

So while it is important for investors to ensure their bullion coins do have an official face value, they need take little notice of it thereafter.

By selling your bullion coins to The Perth Mint or a reputable coin dealer, you’ll receive much more - a fair price close to the metal’s prevailing spot rate.

And if it’s highly sought-after, the coin could have some numismatic value, meaning you may be able to find someone willing to pay a premium!



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Buyers in Asia are “canny” investors when it comes to precious metals

Topics [ buy silver online buy gold online ]

IN THE NEWS

Do you buy precious metal when the market is rising? Or do you see opportunity when prices correct?

According to Bron Suchecki, Perth Mint Manager, Analysis and Strategy, Asian buyers of gold and silver are more likely to fall into the second category.

Asked by Tekoa Da Silva on Bull Market Thinking what interesting things he's currently seeing from China and India in terms of demand for coins and bars, this is what Bron said:

“They will desert the market if prices move up, [but] will come back in when the prices correct…When they feel the gold price has formed a new base…they’ll see that as the new bottom, they’ll buy that bottom, and they’ll demand returns. [That's when] we have bullion banks calling us up desperate to get kilo bars.”

It’s a totally different approach to one often witnessed at The Perth Mint, as Bron explained:

“That contrasts a lot with what we see as a retail client mentality - which is when the price is going up they buy, because they like to go with the trend and need to feel confident that the trend is in their favour, and when the price starts to fall—they sell.

“[So] the Indian and Asian buyers are more canny, and really operate in reverse.”

You can listen to Bron’s full interview here.



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Hot Money Is Distorting The Precious Metals Markets - Bron Suchecki

Topics [ depository gold bull market sell gold gold bear market buy gold ]

IN THE NEWS

Why is the gold price weaker? It’s mostly big money speculators, hedge funds and people in it to make a quick buck, according to Bron Suchecki, The Perth Mint’s Manager, Analysis and Strategy. They’re playing the trends and if they think the trends are against them, they all start piling out, he says.

Making his latest media appearance on the Financial Survival Network, Bron reports that while Perth Mint Depository had not seen much buying recently, there had been no radical selling from existing customers either, which is a positive sign for everyone with a strong commitment to gold.

And on a personal note, Bron says he is unfazed by the dip in the gold price, but suggests if you are feeling stressed about volatility, then maybe you have too much allocation to gold in your investment portfolio?

Listen in full to Bron in discussion with Kerry Lutz now.



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