Gold Sales at the Perth Mint in October 2016Gold sales at the Perth Mint in October 2016 were 79,048 ounces up 36% from September 2016 sales of 58,111 ounces.
Perth Mint October sales of gold were the highest monthly total since May 2013 when the Perth Mint sold 87,000 ounces.
The Perth Mint sales of 79,048 ounces of gold in October 2016 were up 18% year over year from 66,951 ounces sold in October 2015.
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
The Silver To Gold Sales Ratio
Gold Sales Soar in Dramatic Reversal at the Perth Mint
Perth Mint vs. U.S. Mint Gold Sales
Sales of American Gold Eagles at the U.S. Mint also rose sharply in October. October U.S. Mint sales of one ounce American Gold Eagle coins were up 23% from September 2016 sales. October U.S. Mint American Gold Eagle sales were also the highest monthly total at the US Mint in 2016.
Perth Mint Gold Sales October 2015 – October 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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Money Metals Exchange

October gold sales at the Perth Mint were the strongest in over three years.
Buy the 2017 1/10 Oz Australian Kangaroo Gold Coins
from: Money Metals Exchange
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 September the ratio continued to fall.
The Perth Mint historically sold less silver to gold than the U.S. Mint. The silver to gold sale ratio at the Perth Mint was 14.64:1. 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 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.
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 to over strong>70 to 1 during October 2016.

The gold silver ratio rose in October as silver’s decline outpaced gold’s.
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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