Gold Sales at the Perth Mint in November 2016Perth Mint Gold Sales Top 50,000 Ounces For Third Month in a Row in November.
Gold sales at the Perth Mint in November 2016 were 54,747 ounces up 73% from November 2015 sales of 31,644 ounces.
Perth Mint says recent gold sales boosted by the introduction of the 2017 Australian Rooster Gold coin.
Click to Buy the 2017 1 Oz Gold Lunar Year of the Rooster
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 also remained elevated in November. November U.S. Mint sales of one ounce American Gold Eagle coins were the highest of 2016.
Perth Mint Gold Sales November 2015 – November 2016
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”
Buy the 2017 Australian Gold Rooster Coin:
2017 1 Oz Gold Lunar Year of the Rooster
2017 1/10 ounce Australian Gold Rooster Coin
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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 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.
The Perth Mint is also a refiner of gold.
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.
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 rose to over strong>70 to 1 during November 2016.
Click here to see Perth Mint October Silver Sales
Buy the 2017 Australian Gold Rooster Coin:
2017 1 Oz Gold Lunar Year of the Rooster
2017 1/10 ounce Australian Gold Rooster Coin
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