Silver and Gold Sales at the Perth Mint in May 2015.
Silver sales were down 46.5% at the Perth Mint in May year over year.
Gold sales were up 40% at the Perth Mint in May year over year.
Silver Sales at the Perth Mint in May 2015
The Perth Mint sold 337,511 ounces of silver in May down 46.5% from 630,349 ounces sold in May 2014.
May 2015 silver sales at the Perth Mint were down 28.5% from 472,273 ounces sold in April 2015.
Silver sales at the U.S. Mint were also down. In May, the U.S. Mint sold 2,023,500 one ounce American Silver Eagles (ASEs) down 49% from the 3,988,500 ASEs sold in May 2014.
Perth Mint Silver Sales May 2014-May 2015
Gold Sales at the Perth Mint in May 2015
The Perth Mint sold 21,671 ounces of gold in May down 40% year over year from 36,127 ounces sold in May 2014.
Gold sales at the Perth Mint were down 18% in May from 26,545 ounces sold in April.
Sales of American Gold Eagles at the U.S. Mint also fell in May. In May 2015, the U.S. Mint sold 13,500 one ounce American Gold Eagles down 42.6% from 23,500 sold in April 2015 and down 53.4% from 29,000 Gold Eagles sold in May 2014.
Perth Mint Gold Sales May 2014-May 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 2,023,500 one ounce American Silver Eagle coins and 13,500 one ounce American Gold Eagle coins in May 2015 for a silver to gold sales ratio of 149.89 to 1.
The Perth Mint sold 337,511 ounces of silver and 21,671 ounces of gold in May 2015 for a silver to gold sales ratio of 15.57 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 72.11 to 1 as of June 5, 2015.