Silver and Gold Sales at the Perth Mint in February 2015.
Silver sales were flat at the Perth Mint in February year over year.
Gold sales were down 32% at the Perth Mint in February year over year.
Silver Sales at the Perth Mint in February 2015
Sales of silver at the Perth Mint were essentially flat in February 2015 at 392,114 ounces up slightly from 392,088 ounces in February 2014.
The U.S. Mint sold 3,022,000 American Silver Eagles (ASEs) in February down 19% from the 3,750,000 ASEs sold in February 2014.
February 2015 silver sales at the Perth Mint were down 32.6% from 585,393 ounces sold in January.
Gold Sales at the Perth Mint in February 2015
Gold Sales were down 32% Year Over Year at the Perth Mint in February
The Perth Mint sold 31,981 ounces of gold in February 2015 down from 47,003 ounces in February 2014.
February 2015 sales of gold at the Perth mint were up 38% from 23,174 ounces sold in January 2015.
Sales of American Gold Eagles at the U.S. Mint in February 2015 fell 76% from January 2015.
Silver to Gold Sales Ratios at the U.S. and Perth Mints
The U.S. and Perth Mints are selling proportionally increasing amounts of silver to gold. The Perth Mint, however, sells a much larger proportion of gold to silver than the U.S. Mint.
The U.S. Mint sold 3,022,00 one ounce American Silver Eagle coins and 12,500 one ounce American Gold Eagle coins in February 2015 for a silver to gold sales ratio of 241.76 to 1.
The Perth Mint sold 392,114 ounces of silver and 31,981 ounces of gold in February 2015 for a silver to gold sales ratio of 12.26 to 1.
The Gold Silver Ratio
In contrast, to the silver to gold sales ratio, the gold silver ratio measures how many ounces of silver it takes to buy one ounce of gold.
The gold silver ratio was 74.5 to 1 as of March 4, 2015.