Gold Sales at the Perth Mint Spike 13.8% in 2016.Gold sales at the Perth Mint in 2016 were 520,295 ounces up 13.8% from 2015 gold sales of 457,132 ounces.
Perth Mint Gold Sales Finish Strong Topping 50,000 Ounces For Fourth Month in a Row in December.
Gold sales at the Perth Mint in December 2016 were 63,420 ounces up 58% from December 2015 sales of 40,096 ounces.
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Gold Sales Remain Elevated at the Perth Mint
Perth Mint vs. U.S. Mint Gold Sales
Sales of American Gold Eagles at the U.S. Mint in 2016 were up 30% from 2015. Overall sales of 1.2 million ounces of gold at the United States Mint, including all denominations of American Gold Eagles and American Gold Buffalo coins were the highest since 2010.
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Perth Mint Gold Sales December 2015 – December 2016
Perth Mint gold sales in December were over 50,000 ounces for the fourth month in a row.
The Perth Mint noted in September: “At a time when quieter market conditions are prevailing in the international bullion coin market, we experienced significant demand for our Australian Lunar Gold and Silver Coin Series II – 2017 Year of the Rooster”
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The Silver To Gold Sales Ratio
Silver to Gold Sales Ratios at the U.S. and Perth Mints
From 2009-2014, the U.S. Mint sold proportionally increasing amounts of silver to gold. In 2014 the silver to gold sales ratio hit an annual peak of 106:1 In 2015, the silver to gold sales ratio fell to 75 to 1 and fell further in 2016. In the fall of 2016, the ratio continued to fall.
The Perth Mint is also a refiner of gold.
The Perth Mint historically sold less silver to gold than the U.S. Mint. In 2015, due to the massive increase in sales of the Australian Silver Kangaroo, the silver to gold sale ratio rose to 25.76 to 1.
In 2016, the silver to gold sales ratio at the Perth Mint was 23.51.
In August 2016, the U.S. Mint sold 1,280,000 one ounce American Silver Eagle coins and 50,000 one ounce American Gold Eagle coins in August 2016 for a silver to gold sales ratio of 25.6 to 1.
The Perth Mint sold 376,461 ounces of silver and 14,684 ounces of gold in August 2016 for a silver to gold sales ratio of 25.64 to 1.
In September, the U.S. Mint sold 1,675,000 American Silver Eagles and 79,000 one ounce American Gold Eagles for a silver to gold sales ratio of 21.2 to 1.
The Perth Mint sold 1,031,858 ounces of silver and 58,811 ounces of gold in September 2016 for a silver to gold sales ratio of 17.55 to 1.
In October the U.S. Mint sold 3,825,000 American Silver Eagles and 100,500 one ounce American Gold Eagles for a silver to gold sales ratio of 38 to 1
The Perth Mint sold 1,084,213 ounces of silver and 79,048 ounces of gold in October 2016 for a silver to gold sales ratio of 13.71 to 1.
In November the U.S. Mint sold 3,061,000 American Silver Eagles and 129,000 one ounce American Gold Eagles for a silver to gold sales ratio of 23.72 to 1
The Perth Mint sold 984,622 ounces of silver and 54,747 ounces of gold in November 2016 for a silver to gold sales ratio of 17.98 to 1.
In December the U.S. Mint sold 240,000 American Silver Eagles and 23,000 one ounce American Gold Eagles for a silver to gold sales ratio of 10.4 to 1
The Perth Mint sold 420,009 ounces of silver and 63,420 ounces of gold in December 2016 for a silver to gold sales ratio of 6.62 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 ended 2016 at over 70 to 1.
Click here to see Perth Mint October Silver Sales
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2017 1/10 ounce Australian Gold Rooster Coin
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Perth Mint sales data: The Perth Mint Blog
Further Reading:
Perth Mint Sales (monthly archive)
Canadian Mint Sales (quarterly and annual archives)
US Mint Sales (monthly archive)
Gold and Silver Sales at the U.S. Mint in 2014
The Silver To Gold Sales Ratio (including links to updated monthly data)
12 Ways Silver is Different Than Gold
The Importance of Gold to Nations and Individuals
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