Perth Mint Bullion Sales Soar in First Half of 2016

Demand for Australian bullion coins bounced in June after a slowing in May, and soared through the first half of this year, according to the latest figures from the Perth Mint of Australia.

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The Mint’s silver coins scored above the million ounce level for the ninth time in ten months and its gold sales rebounded from an at least 3-year low.

Perth Mint bullion sales registered against a backdrop of soaring precious metals with London fixings in June logging advances of 9% for gold and 14.3% for silver.

Bullion Sales in June 2016

The Perth Mint sold 31,368 ounces in gold coins and gold bars last month for a 49.1% increase over May when sales ranked the weakest since CoinNews started tracking the Mint’s data in February 2013. Sales climbed a more modest 1.1% above the same month from a year earlier.

“Stronger investor sentiment in June resulting from the UK’s Brexit vote helped reverse the decline in sales of Australia coins and bars evident over the past two months,” the Perth Mint said.

Gold sales through the first half of 2016 tally to 232,715 ounces, up 38% from last year’s starting six-month total of 168,650 ounces..

Perth Mint sales of silver bullion jumped by 1,220,817 ounces last month, notching gains of 25.2% from the previous month and 217.4% from June 2015.

Silver sales through the first half of the year total 7,636,156 ounces, smashing last year’s January to June total of 2,810,994 ounces by 171.7%.

Perth Mint Gold and Silver Sales by Month

Below is a monthly breakdown of Perth Mint bullion sales from June 2015 to June 2016. The figures show monthly ounces of gold and silver shipped by the Minted Products division of 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.

Perth Mint Bullion Sales (in troy ounces)
June 2016 1,220,817 31,368
May 2016 974,865 21,035
April 2016 1,161,766 47,542
March 2016 1,756,238 47,948
February 2016 1,049,062 37,063
January 2016 1,473,408 47,759
December 2015 1,083,460 40,096
November 2015 1,145,239 31,664
October 2015 1,751,898 66,951
September 2015 3,349,557 63,791
August 2015 707,656 33,390
July 2015 746,700 51,088
June 2015 384,586 31,019

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Perth Mint Puts Gold, Silver Bullion at Investors Fingertips

The Perth Mint has made investing in precious metals even easier with a secure online trading platform that offers investors the ability to buy and store with the Mint.

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The Perth Mint opens a secure online trading platform allowing investors to store metal at mint

Provided with trusted storage facilities, which are guaranteed by the Government of Western Australia, and with complete account privacy, investors are able to confidently transact with live pricing day or night, seven days a week. The platform facilitates immediate manual market orders or automatic price-sensitive trades when an investor’s preferred metal price is reached.

What is a bullion coin?

“Offering the only government guaranteed investment and storage program in the world, The Perth Mint has deep connections in the global market, and has been providing a range of precious metal coins and bars for investors for more than 100 years,” said Perth Mint Manager, Analysis and Strategy, Bron Suchecki.

“We currently store some $2.7 billion worth of precious metals for more than 21,000 clients located in 105 countries, and we anticipate that these numbers will increase dramatically with our new online system now in place,” he added.

Investors can open an online depository account via www.perthmint.com/storage/open-account.html and start trading with just $50 per transaction. For the savvy investor under the age of 18 years, regular investments can be made into an account established on their behalf by a parent or legal guardian.

“Should events cause an investor to want to take delivery of physical product, they are able to obtain a globally accepted range of coins and bars that are manufactured at our minting and refining facilities located in Perth,” Mr. Suchecki continued.

Investors are able to choose from the range of bullion storage options at The Perth Mint on www.perthmint.com/storage or purchase a variety of Australian bullion coins, minted and cast bars for delivery at www.perthmintbullion.com.

As an industry leader, The Perth Mint also operates one of the largest accredited refineries in the world, processing more than $15 billion worth of conflict-free gold and silver annually. Therefore, investors can be assured that the metals they buy are obtained from trustworthy ethical sources.

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