Gold Sales at the Perth Mint in September 2016Gold sales at the Perth Mint in September 2016 were up 301% from August 2016 sales of 14,684 ounces.
The Perth Mint sold 58,811 ounces of gold in September 2016 were down 12.6% year over year from 67,313 ounces sold in September 2015.
Perth Mint says September 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 Reverses
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 in September. September U.S. Mint sales of one ounce American Gold Eagle coins were up 58% from August 2016 sales.
Perth Mint Gold Sales September 2015 – September 2016
Perth Mint gold sales bounced higher in September off their multi-year August low.
The Perth Mint noted: “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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Compare pricing and shipping on Perth Mint Gold coins for sale at these websites:
BGASC.com
JM Bullion
Money Metals Exchange
September is historically a strong gold sales month at the Perth Mint.
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.
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 fell under 70 to 1 during September 2016.
The gold silver ratio fell in September as silver’s rise outpaced gold’s.
Click here to see Perth Mint September 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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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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