13
Apr
2017

Perth Mint Silver Bullion Sales Rise 43% In March

– Perth Mint’s silver bullion sales rise 43% in March
– Perth Mint’s monthly gold coin, bars sales fall 12% 
– Gold silver ratio of 32 – 32 times more silver ounces sold
– Gold: 22,232 oz and Silver: 716,283 oz – bullion coins and minted bars sold
– Gold is 2.6% higher and silver surged 3.1% in the shortened week with markets closed for Good Friday tomorrow


The Perth Mint’s silver bullion sales of coins and bars surged 43% in March. Silver sales climbed about 43 percent in March to 716,283 ounces from 502,353 ounces in February, according to a Perth Mint blog post.

Gold bullion coins and minted bars fell in March to the lowest since August last year. Sales of gold coins and minted bars slipped about 12 percent in March to 22,232 ounces from 25,257 ounces a month earlier, the mint said on its website.

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  activities including sales of allocated/unallocated precious metal and Perth Mint Silver and Gold Certificates.

The Perth Mint is the largest gold refinery in Australia, the world’s No. 2 gold producer after China. It is one of the largest gold and silver refineries in the world.

Gold and silver prices have surged this week on a weaker dollar and as appetite for risky assets such as equities waned due to geo-political concerns in the Middle East and Asia and deepening tensions between the U.S. and Russia.

Gold is 2.6% higher and silver is 3.1% in the shortened Easter week with markets closed for Good Friday tomorrow.

Geo-political risks that were dormant are becoming more active. This is leading to renewed risk aversion which should see further gains for gold and silver.

Perth Mint Bullion blog here

Gold and Silver Bullion – News and Commentary

Gold hits five-month peak on weaker dollar, geopolitical tensions (Reuters.com)

Asian Stocks Fall as Dollar Slumps on Trump Talk (Bloomberg.com)

Dollar Slides After Trump Tells WSJ It’s ‘Getting Too Strong’ (Bloomberg.com)

Gold price soars to 5-mth high on geopolitical unrest (RT.com)

Investors lose £42bn due to cyber breaches (CityAM.com)

The 2017 Case for Gold – King (DailyReckoning.com)

Gold Overcomes Fed’s Headwinds – Rickards (DailyReckoning.com)

European Appetite For Gold Has Room To Grow – WGC (Forbes.com)

Germans are hoarding billions of old deutschmarks on euro concerns (QZ.com)

Video: Real Trump Trade May Be Gold – Cramer (TheStreet.com)

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Gold Prices (LBMA AM)

13 Apr: USD 1,286.10, GBP 1,025.28 & EUR 1,208.42 per ounce
12 Apr: USD 1,272.30, GBP 1,018.22 & EUR 1,199.02 per ounce
11 Apr: USD 1,255.70, GBP 1,011.47 & EUR 1,183.75 per ounce
10 Apr: USD 1,253.60, GBP 1,011.15 & EUR 1,184.40 per ounce
07 Apr: USD 1,264.30, GBP 1,017.38 & EUR 1,188.82 per ounce
06 Apr: USD 1,253.75, GBP 1,004.88 & EUR 1,175.27 per ounce
05 Apr: USD 1,252.50, GBP 1,003.88 & EUR 1,174.47 per ounce

Silver Prices (LBMA)

13 Apr: USD 18.56, GBP 14.80 & EUR 17.45 per ounce
12 Apr: USD 18.31, GBP 14.65 & EUR 17.27 per ounce
11 Apr: USD 17.94, GBP 14.44 & EUR 16.91 per ounce
10 Apr: USD 17.94, GBP 14.47 & EUR 16.97 per ounce
07 Apr: USD 18.40, GBP 14.81 & EUR 17.31 per ounce
06 Apr: USD 18.22, GBP 14.63 & EUR 17.09 per ounce
05 Apr: USD 18.26, GBP 14.63 & EUR 17.11 per ounce


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Mark O'Byrne
Executive Director