Perth Mint July Gold Sales Plummet 67%

Gold Sales at the Perth Mint in July 2016

The Perth Mint sold 16,870 ounces of gold in July 2016 down 67% year over year from 51,088 ounces sold in July 2015.

Gold sales at the Perth Mint in July 2016 were down 46% from June 2016 sales of 31,368 ounces.

Perth Mint says North American distributors well stocked with gold product negatively impacted July sales; post Brexit sales subdued.

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Stunning Decline in Gold Sales

Perth Mint vs. U.S. Mint Gold Sales

Sales of American Gold Eagles at the U.S. Mint were also down sharply in July 2016 from July 2016. July U.S. Mint sales of one ounce American Gold Eagle coins were down 79% from July 2015 sales.

Perth Mint Gold Sales 2015 – 2016

Perth Mint gold sales july 2015- july 2016

Perth Mint gold sales cratered in July 2016.

The Perth Mint noted : “Slower summer sales in North America where distributors reported they were well stocked with product impacted Australian gold and silver minted products during July.”

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perth mint gold sales January 2014 - July 2016

Perth Mint gold sales in July were the lowest in more than five years.

Silver to Gold Sales Ratios at the U.S. and Perth Mints

The U.S. and Perth Mints have been selling proportionally increasing amounts of silver to gold.

The U.S. Mint sold 1,370,000 one ounce American Silver Eagle coins and 30,000 one ounce American Gold Eagle coins in July 2016 for a silver to gold sales ratio of 45.66 to 1.

The Perth Mint sold 693,447 ounces of silver and 16,870 ounces of gold in July 2016 for a silver to gold sales ratio of 41.1 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 to 66 to 1 during July 2016.

gold silver ratio July 29 2016

The Gold Silver Ratio fell in June as silver’s increase outpaced gold’s.

Click here to see Perth Mint July Silver Sales

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Perth Mint sales data: The Perth Mint Blog

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Further Reading:

2015 Silver Supply and Demand

Perth Mint Sales (monthly archive)

Canadian Mint Sales (quarterly and annual archives)

US Mint Sales (monthly archive)

Is there a silver shortage?

Gold and Silver Sales at the U.S. Mint in 2014

Gold Suppy and Demand

Silver Supply and Demand

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

Gold Supply and Demand

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