Perth Mint gold sales fell in April from 47,542 ounces in April 2016 to a multi-year low of 10,490 ounces. The Perth Mint offered no explanation for the decline. In February noted the decline in gold sales as reflective of “the worldwide trend” and noted “Growing confidence in the prospect of improving economic conditions has seen increased demand for alternative assets at the expense of precious metals.”
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.
In January the U.S. Mint sold 5,127,500 American Silver Eagles and 86,500 one ounce American Gold Eagles for a silver to gold sales ratio of 59.3 to 1
The Perth Mint sold 1,230,867 ounces of silver and 72,745 ounces of gold in January 2017 for a silver to gold sales ratio of 16.92 to 1.
In February the U.S. Mint sold 1,215,000 American Silver Eagles and 21,000 one ounce American Gold Eagles for a silver to gold sales ratio of 57.9 to 1
The Perth Mint sold 502,353 ounces of silver and 25,257 ounces of gold in February 2017 for a silver to gold sales ratio of 19.89 to 1.
March Perth Mint Gold Sales Top US Mint Sales
In March the U.S. Mint sold 1,615,000 American Silver Eagles and 16,000 one ounce American Gold Eagles for a silver to gold sales ratio of 101 to 1
The Perth Mint sold 716,283 ounces of silver and 22,232 ounces of gold in March 2017 for a silver to gold sales ratio of 32.22 to 1.
April Perth Mint Sales Top U.S. Mint Sales AGAIN!
In April the U.S. Mint sold 835,000 American Silver Eagles and 3,500 one ounce American Gold Eagles for a silver to gold sales ratio of 238 to 1
The Perth Mint sold 468,977 ounces of silver and 10,490 ounces of gold in March 2017 for a silver to gold sales ratio of 44.7.22 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 and remains above to that level.
Please visit the Smaulgld Store for a large selection of recommended Kindles, books, music, movies and other items.
Or you can support Smaulgld.com by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the JM bullion, BGASC, Golden Eagle Coin, Money Metals Exchange, Perth and Royal Canadian Mint ads on the site.
DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.
Chart Disclaimer: Information presented here has been obtained from a third party and is presented for information purposes only. Smaulgld can not and does not guarantee the accuracy or timeliness of the data displayed on this site and therefor the data provided should not be used to make actual investment decisions. You should always consult a professional investment adviser before investing in precious metals or any type of investment. You acknowledge that Smaulgld assumes no responsibility for the integrity of data on this site.
The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.
The information contained herein does not constitute investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.