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.

PLEASE READ
Our Blog Disclaimer.

Our Comments Policy.
Our Copyright Policy.

GROUP PROFILE
Our Visions, Our Values.

Perth Mint Bullion BlogSubscribe
« Back to full list

LBMA precious metal price prediction survey for 2019

Topics [ gold bullion prices ]

Reflecting the views of 30 professional analysts, the London Bullion Market Exchange’s forecast survey for the price of precious metals in 2019 is out!

The annual report asks participants to predict the high, low and average price of gold and other investment metals for the forthcoming 12 months.

The average of all forecasts for gold suggest a modest gain, up 1.8% to $1,311.71. Analysts’ estimates vary considerably across a $325 trading range, with a high of $1,475 and a low of $1,150.

On silver, participants foresee an average price per ounce of $16.28 in 2019. With a high of $20 and a low of $12.75, the $7.25 spread is also seen as significant.

The lack of consensus about what may happen to prices reflects divergent outlooks on what’s in store for the global economy, the LBMA suggests.

“Whilst markets have factored in some of the downside risks of Brexit and US-China trade wars, other factors such the level of US real interest rates, strength/weakness of the dollar, the likely impact of geopolitical factors and the pace of global economic growth continues to provide some uncertainty,” it says.

Commentaries from each contributor in support of their price predictions including platinum and palladium make fascinating reading in the 2019 Precious Metals Forecast Survey [pdf], where you can also discover who made the most accurate forecasts this time last year.

Prices in US dollars.



Blog DisclaimerComments PolicyCopyright Policy

Sell out of Year of the Pig 1oz gold and silver bullion coins good news for Australian Lunar Series III

The 1oz gold and silver denominations from the 12-year Australian Lunar Bullion Coin Series II are fully sold out.

The news follows The Perth Mint’s announcement today that all 30,000 1oz gold coins and 300,000 1oz silver coins marking the 2019 Year of the Pig have been dispatched to wholesale and retail customers worldwide.

 

Previous Mouse, Ox, Tiger, Rabbit, Dragon, Snake, Horse, Goat, Monkey, Rooster and Dog coin releases also sold their full mintages.

The achievement represents a total of 3.6 million ounces of pure silver and 360,000oz of pure gold acquired by investors and collectors in the form of 1oz Australian Lunar bullion coins since the initial annual issue in 2008.

The series lays claim to be part of the first major coin program to celebrate the ancient Chinese lunar calendar. Mimicked many times, it retains its reputation as the highest quality Lunar coin offering in the world.

Group Manager – Minted Products Neil Vance said that the continuing popularity of the program was enormously encouraging for the prospects of Series III, due to be unveiled later this year.

“The Australian Lunar program is a superb advertisement for the quality of Australian precious metals and our minting skills which are among the very best globally,” he said.

“We aim to continue the tradition for another 12 years with Series III and think our clients will relish the new artistic concept we’re unveiling on the 2020 Year of the Mouse line up of gold and silver bullion coins.”

Meanwhile, buyers are encouraged to browse the remainder of the 2019 Lunar Pig coins which are available in a several alternative weights.

Registered clients may order online at perthmintbullion.com. All buyers are welcome to visit our Bullion Trading Desk at 310 Hay Street in East Perth (open 7 days), or call the BullionLine on 1300 201 112 (Australia) / +61 8 9421 7218 (International).

Alternatively, please contact one of our authorised distributors.



Blog DisclaimerComments PolicyCopyright Policy

Sky-high interest in fourth Wedge-tailed Eagle coin design

Topics [ silver bullion coins Australian Wedge Tailed Eagle ]

The 2019 Wedge-tailed Eagle 1oz Silver Bullion Coin portrays an exciting new representation of Australia’s largest bird pf prey.

The stunning image is the fourth created by renowned coin sculptor John M. Mercanti since the popular series was first issued in 2014.

 

A former Chief Engraver of the U.S. Mint, John’s large and extremely successful body of work includes the American Eagle, a landmark release in his nation’s history.

John’s latest work for The Perth Mint shows the distinctive wedge-tailed eagle in flight with its broad wings fully extended. Stylised rays of sunshine reflect the fact that this magnificent bird often soars at great heights for hours on end above Tasmania and the Australian mainland.

Issued as Australian legal tender, the coin is struck from 99.99% pure silver with a superior bullion finish featuring both shiny and frosted elements.

Offering investors an ideal way to acquire silver in the trusted form of Australian legal tender, no more than 50,000 coins will be issued.

Registered bullion clients are invited to place orders at www.perthmintbullion.com.

Other buyers should visit The Perth Mint’s Bullion Trading Desk at 310 Hay Street in East Perth, or contact us by telephone on 1300 201 112.

The coin is also available from leading coin distributors in Australia and via GovMint in the rest of the world.



Blog DisclaimerComments PolicyCopyright Policy

Optimism high for 2019 gold price recovery

Topics [ gold investing gold bullion coins Year of the Pig ]

Goldman Sachs is leading “a pack of bullish voices cheering for gold”, according a report by Bloomberg news agency.

Analysts at the bank have raised their forecast for gold, which they expected to climb to US$1,425 an ounce by the end of 2019, it said.

The Perth Mint Treasury backed the notion that continued uncertainty in financial markets offered the potential for gold to once again shine.

Factors contributing to uncertainty include Britain’s attempt to leave the European Union (Brexit) and US-China trade conflict.

Current equity market volatility coupled with an inverted yield curve (where yields on longer-maturity bonds tend to fall and those on shorter-term securities rise) may be reflecting the market’s expectations for weaker economic activity or perhaps even a recession, they said.

Such scenarios would be potentially negative for the US dollar, which would be possibly positive for gold as it tends to be inversely correlated with the American currency.

Meanwhile central banks, traditionally important drivers of the gold price, are “aggressively adding gold to their foreign exchange reserves”, leading Indian news website Business Standard reported, quoting data supplied by the World Gold Council.

The Reserve Bank of India had added nearly 40 tonnes to its reserves in a little less than year, it said.

In a separate report, Bloomberg quoted figures from the People’s Bank of China website showing the central bank of the world’s largest gold producer and consumer recently boosted its holding by 10 tonnes to 1,853 tonnes.

Traders at The Perth Mint said they expected to see a lift in Chinese retail buying ahead of Lunar New Year, which this year will be celebrated on 5 February.

The 2019 Australian Lunar Gold Bullion Coin Series marks the Year of the Pig which starts on 5 February.



Blog DisclaimerComments PolicyCopyright Policy

Monthly Sales – December 2018

Total ounces of gold and silver sold by The Perth Mint in December 2018 as coins and minted bars:

  - Gold (Au): 29,186 oz

  - Silver (Ag): 692,971 oz


NB This chart shows total monthly ounces of gold and silver shipped as minted products by The Perth Mint to wholesale and retail customers worldwide. It excludes sales of cast bars and other Group activities including sales of allocated/unallocated precious metal for storage by the Depository.



Blog DisclaimerComments PolicyCopyright Policy

Koala climbs high in bullion coin ranks

In 2019, the Australian Koala silver bullion series portrays a fresh new representation of a koala sitting on a tree branch.

No more than 300,000 1oz coins will be issued featuring a shiny design on a frosted background.

A fully frosted 1 kilo version will also be released with a time limited production run ending at the end of the year.

This year’s Koala coins include a security feature in the form of a micro-laser engraved letter within the AUSTRALIAN KOALA inscription.

They are also the first in the Koala series to bear the new Jody Clark effigy of Her Majesty Queen Elizabeth II on the obverse.

The Koala story

The Australian Koala is a popular silver bullion coin series issued annually by Australia’s specialist precious metals mint, The Perth Mint.

The Koala was introduced in 2007 to provide investors with a companion to the long-running Kookaburra, Australia’s first silver bullion coin series to feature annual representations of famous native animals.

Between 2007 and 2017, sales of Australian Koala bullion coins accounted for more than 15,770,726oz of silver refined by The Perth Mint to a purity of 999 parts per 1,000.

Along with its Kookaburra stablemate, the Koala is now struck from 99.99% pure silver. Both highly emblematic series are seen as superb examples of high quality precious metal minting.


Previous annual designs from the Australian Koala Silver Bullion Coin Series.

Regarded by many investors as an effective store of wealth, Australian Koala silver bullion coins are also acclaimed for their attractive designs of one of Australia’s most treasured animals.

Koalas are marsupials, a group of pouched mammals strongly associated with the Australian bush. Together with kangaroos and wombats, koalas are among the best known of Australia’s 200-plus species of marsupials.

With an ancestry known to date back 25 million years, koalas eat a highly specialised diet of leaves from certain Australian eucalypt (gum) trees. These trees also provide them with a safe haven from ground predators such as dingos.

Today, koalas face several threats to their survival, particularly the loss of habitat as a result of land clearance. A significant number of refuges, zoos and wildlife parks provide sanctuaries for koalas, many of which offer the chance for close human interaction.

Buy now

2019 Australian Koala silver bullion coins are available from The Perth Mint’s Bullion Trading Desk in East Perth, via the BullionLine on 1300 201 112 or +61 8 9421 7218, and www.perthmintbullion.com.

Investors can also check availability of these releases with leading bullion distributors.



Blog DisclaimerComments PolicyCopyright Policy

Confirm
No
Yes