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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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Strong demand for precious metals reflected across The Perth Mint products

Topics [ Perth Mint Gold Monthly sales figures Perth Mint Depository ]

Summary

Despite falling during December, average monthly sales of minted products rose by 100% (gold) and 42% (silver) in 2020 relative to 2019.

Perth Mint Depository holdings rose marginally in December, increasing by 20% (gold) and 15% (silver) across 2020.

Perth Mint ETF holdings increased by 3% during December and 76% for 2020.

Minted Products

The Perth Mint shipped 76,806 troy ounces of gold coins and minted bars in December 2020, a 9% decline relative to sales in November. Silver sales also declined, with  coins down 16% to 941,767 troy ounces compared to November.

Despite the slowdown in December, sales in 2020 were strong, with average monthly gold and silver sales 48% and 56% higher than long-term averages.

Troy ounces of gold and silver sold as coins and minted bars
December 2018 to December 2020


The Perth Mint manufactures and markets the Australian Precious Metal Coin and Minted Bar program. Trusted worldwide for their purity and weight, the coins include annual releases of the renowned Australian Kangaroo, Kookaburra, Koala and Lunar series. For more product information visit perthmintbullion.com.

Depository

Holdings of gold in The Perth Mint Depository rose by 1% in December, whilst investments into silver remained static. The value of these holdings rose by 11% in USD terms, driven by a 7% increase in the price of gold, and a 20% increase in the price of silver during December.

Over the course of 2020, total gold holdings in The Perth Mint Depository increased by 20%, whilst silver holdings increased by 15%, with the value of these holdings increasing by 52% in USD terms.

Total troy ounces of gold and silver held by clients in The Perth Mint Depository
December 2018 to December 2020

The Perth Mint Depository enables clients to invest in gold, silver and platinum without the need to take physical delivery of their metal. Operated via a secure online portal, a Depository Online Account allows investors to buy, store and sell their metal 24/7. For further information visit perthmint.com/storage.

Perth Mint Gold (ASX: PMGOLD)

Holdings of Perth Mint Gold (ASX: PMGOLD) rose during December 2020, increasing by almost 6,000 troy ounces for the month. The inflows saw total holdings in PMGOLD hit 235,925 troy ounces (7,34 tonnes) by the end of 2020.

Monthly flows for PMGOLD and the yearly change in total troy ounces can be seen in the chart below, with holdings rising by more than 75% in 2020.

Monthly change in troy ounces held by clients in Perth Mint Gold (ASX:PMGOLD)
December 2018 to December 2020

Source: The Perth Mint, ASX, Reuters

The growth in the PMGOLD seen in 2020 makes it one of the fastest growing ETFs on the Australian Securities Exchange (ASX) and continues a strong period of demand that dates back over two years to September 2018. Total holdings have increased by more than 170% over this this time period.

The value of PMGOLD holdings rose by approximately AUD 30 million during December, owing both to the inflows into the product, and the almost 3% increase in the AUD gold price during the month. The product ended 2020 with a market value just below AUD 580 million, having almost doubled during the year.

To learn more about investing in PMGOLD, download our PMGOLD Factsheet.

Commentary - Jordan Eliseo, Manager Listed Products and Investment Research

“The Perth Mint saw strong investor demand across its entire suite of precious metal products in 2020, with sales of minted products and inflows into The Perth Mint Depository rising notably.

The standout was the growth of our ASX listed gold ETF (ASX:PMGOLD), which saw total holdings grow by more than 75%, making it one of the fastest growing gold ETFs globally.”

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