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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Gold Price Ends Year Strongly

IN THE NEWS

As 2014 heads to a close, the gold price has spiked back over US$1,200 per ounce.

Gold benefitted from end-of-year worries about the future of Greece, concerns over tensions between Russia and the West, and a drop in oil prices.

With the lion’s share of investor liquidations having taken place in 2013, the year was one of consolidation for the gold price. Gold is down less than 1 percent is US dollar terms over the 12 months, held up by a stronger greenback and expectations of an interest rate rise in the United States.

But gold has made good gains in other currencies, such as the Australian dollar which has weakened significantly since September.

Local gold prices are hovering around AU$1,464 per pounce on the final day of trade, compared to AU$1,378 at the opening of 2014.

The above graph displays The Perth Mint ‘spot price’ for gold in 2014.



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Merry Christmas

Wishing you a Merry Christmas and a prosperous New Year from Perth Mint Bullion.



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INFOGRAPHIC The Many Phases of Silver

Topics [ buy silver bullion online ]

RESEARCH AND ANALYSIS

With many optimistic that silver will shine again in 2015, silver.com is presenting a new infographic series about the “most dynamic of precious metals”. Part 1, entitled ‘The Many Phases of Silver’ is a reminder of silver’s historical importance as a monetary metal and its plethora other uses.

Visit Visual Capitalist to view larger version.

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Rogers Sees Gold Going To US$2,000

Topics [ investment invest in bullion invest in gold ]

OPINIONS

Jim Rogers is a legendary investor who co-founded the spectacularly successful Quantum Fund in 1973 with George Soros. Rogers was in Australia recently and explained to ABC Lateline Business why he is so convinced about the future of farming, commodities and gold.



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Prices Rally In Aftermath Of Swiss 'No' Vote On Gold

IN THE NEWS

The price of gold sank after Swiss voters rejected a measure in a November 30 referendum there that would have forced the country's central bank to more than double its gold holdings.

Gold bugs were hoping for a ‘yes’ vote after it was touted that such a move could boost prices by $50 per ounce.

Immediately after Swiss voters rejected the measure, gold futures fell as much as 2.1% to US$1,142.88 an ounce, the lowest level since November 7.

On Monday, however, gold prices saw a massive turnaround from their three-week low, with the price of silver following suit.

Gold futures settled up US$42.60, or 3.6%, to US$1,218.10 an ounce - a one-month high. Silver rose 6.9% to US$16.47 an ounce, having earlier rallied as much as 8.8 % to a peak of US$16.76.

Analysts said that the metals were oversold at the end of last week, adding that India’s unexpected move to ease curbs of gold imports and the rally in oil prices had both proved bullish for the price of gold.



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Monthly Sales – November 2014

Topics [ buy silver bullion online buy gold bullion online ]

STATISTICS

Total ounces of gold and silver sold by The Perth Mint in November 2014 as coins and minted bars.

 - Gold (Au): 49,904oz

 - Silver (Ag): 851,836oz



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