Perth Mint gold sales fell in February from 72,745 ounces in January to 25,257 ounces. The Perth Mint attributed the decline 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.
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 at that level.
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