Silver and Gold Sales at the Perth Mint in January 2015.
Silver sales were down 35.8% at the Perth Mint in January year over year.
Gold sales were down 64.2% at the Perth Mint in January year over year.
Silver Sales at the Perth Mint in January 2015
Sales of silver at the Perth Mint declined nearly 36% in January 2015 to 585,393 ounces from 912,388 ounces in January 2014.
In stark contrast, the U.S. Mint sold 5,530,000 ASE’s in January 2015 a 16% increase from January 2014. Sales of one ounce American Silver Eagle coins (ASE’s) at the United States Mint in January were the fourth largest ever for the month of January.
January 2015 silver sales at the Perth Mint were up 22.5% from 477,731 ounces in December 2014.
Perth Mint sales lagged U.S. Mint American Silver Eagle coin sales by nearly ten fold in January 2015.
Gold Sales at the Perth Mint in January 2015
Gold Sales were down 64.2% Year Over Year at the Perth Mint in January
The Perth Mint sold 23,174 ounces of gold in January 2015 down from 64,818 ounces in January 2015.
January 2015 sales of gold at the Perth mint were down 42.3% from 40,211 ounces sold in December to 23,174 ounces.
Sales of American Gold Eagles at the U.S. Mint in January 2015 fell nearly 18% from January 2014 from 62,500 to 51,500.
Perth mint gold bullion sales were down year over year and month over month.
Silver to Gold Sales Ratios at the U.S. and Perth Mints
The U.S. and Perth Mints are selling proportionally increasing amounts of silver to gold. The Perth Mint, however, sells a much larger proportion of gold to silver than the U.S. Mint.
The U.S. Mint sold 5,530,000 one ounce American Silver Eagle coins and 51,500 one ounce American Gold Eagle coins in January 2015 for a silver to gold sales ratio of 107.38 to 1.
The Perth Mint sold 585,393 ounces of silver and 23,174 ounces of gold for a silver to gold sales ratio of 25.28 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 was 72 to 1 as of February 10, 2015.
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Further Reading:
Perth Mint Sales (monthly archive)
Perth Mint Gold and Silver Sales in 2014
Gold and Silver Sales at the U.S. Mint in 2014
November Silver Sales at the U.S. Mint Head For Record
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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http://www.reuters.com/article/2014/03/05/perthmint-sales-idUSL3N0M224K20140305
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