Perth Mint Silver Coins Sales Surge 56%, Gold Sales Drop 16% In 2015
Perth Mint Silver Coins Sales Surge 56%, Gold Sales Drop 16% In 2015
The Perth Mint’s annual silver coins sales surged 56%, while gold sales fell 16% in 2015, as silver stackers continued to accumulate silver coins and bars and the new silver nugget or kangaroo coin (1 oz and 5 oz) saw very high levels of demand.
The Perth Mint’s gold sales rose in December from the prior month, but annual sales slid by nearly a fifth in 2015. Gold sales in December rose to 40,096 ounces from 31,664 ounces in November, the mint said on its website on Wednesday as reported by Reuters.
While gold sales rose in December from the prior month, but annual gold sales slid by nearly a fifth in 2015. Sales slid 16 percent for the year, after dropping by a third in 2014.

Note: Sales figures in ounces. Gold sales include coins and minted bars. Silver figures include only coins as the mint does not issue silver minted bars.
The Perth Mint’s silver sales in December eased to 1.08 million ounces from 1.15 million ounces in the previous month.
For the year, they surged about 56 percent to 11.8 million ounces. The mint sold a record 3.5 million ounces of silver in September alone on strong demand after the launch of the new silver coins and as prices fell to multi-year lows.
Bullion buyers continue to accumulate and see silver at $14 per ounce as great value vis a vis gold ($1,100 per ounce), stocks and many other investments.
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Gold micro-rally is dead after jobs report this morning.
Collapse and Apocalypse are canceled.
My US treasuries are paying me interest :-)))
GoldCore articles belong on KWN, not ZH.
Time for JPM to spool up the ETF printing presses a few hundred RPM.
My plan is buying silver until the ratio comes back into at least the 50's, or hopefully 40's, then simply trade the silver for gold. Fake paper money is nearly done it's cycle anyway.
'...kangaroo coin (1 oz and 5 oz) saw very high levels of demand. '
High demand for a 1oz. silver coin selling for $66 U.S.?
No thanks.
You can get them where I live for about $16.80 per ounce.
Available at JM Bullion for $17-18 depending on quantity.
http://www.jmbullion.com/2015-american-silver-eagle/
key word.... available(ity)... product is becoming scarce...
How many mint seled boxes do you want?
https://comparesilverprices.com/
our 5g bar is exceeding all expectations, with both quantity and volume up qtr on qtr for 2015 notwithstanding that physical price is continually increasing - Canada was best per capita,, however Q4 2015 saw huge surge from North America, specifically the mid west region.. and at current trends will exceed Canada 2016 - save for catastrophic collapse. My personal sales to the US is far exceeding my expectations and long may it continue -the commissions are awesome. Surprisingly gold sales are well back in Ireland, perhaps 20% Q4 2015; perhaps its down to the perceived improvement in normal economic activities.
www.teamramgold.com/about-us
A few thousand perth mint gold ounces are in no way indicative of worldwide gold demand.
"Silver figures include only coins as the mint does not issue silver minted bars"
I just thought that I would add a link to their bullion website for silver!
http://www.perthmintbullion.com/au/Buy-Silver-Bars/All-Silver-Bars.aspx
No brilliant quotes from Bron Suchecki?
I bought US Treasuries - their price is UP UP UP
AND
they pay interest, have zero holding/storage cost, zero transaction latency, AND extremely high + quick liquidity.
An IOU from a broke gov't. Good choice.
I'm sticking with the Zimbabwe dollars!
Ever hear the term "odd-lot mentality"? It exemplifies the idea that the crowd (especially the little guy "retail buyer) is on the wrong side of the market. That should tell you all that you need to know about the recent surge of silver buyers.
Reality is going to show, and we probably will not need to wait too long for that, that the silver bulls are misguided. After literally millenia, the price of silver began to fall against that of gold in the 19th century. That condition continues to be operative. Au/Ag, currently around 80, will go to new all-time highs in the first half of this century.
Thanks for that helpful prediction. But true gamblers want to know right now, who wins the Super Bowl this year?
The Patriot's of course, if they have enough healthy players. Otherwise the Panthers will win.
Yeah, Gold sales may have dropped, what about the price?
Please, give me a chance to save enough for a couple more ounces, before China or Russia get it and should not leave out India
I haven't bought shit since what... 2012? This asset is performing like garbage overall.
Let's just say prices are back down to when I bought most of my stacks... in 2011.
Not exactly inspiring confidence.
Let me get this straight. Prices are back down to 2011 levels? I only wish this was true. Gold had an average price of $1571.52 and silver was $35.11 for 2011.
It's when he bought his stack.
No wonder he thinks it's a bad investment - let him live in the glory of cognitive dissonance and continue to believe it's back to where it was then heh.
Wow look at that spike in Sept 15 for Silver
Well my purchases weren't thru Perth but...glad to have contributed ;)
As Chaz eloquently stated in Wedding Crashers, "GOOD, more for me and you!".