Gold and Silver Sales at the Perth Mint
Silver Sales Soar at Perth Mint in November
Gold Sales Decline at the Perth Mint in November
Silver Sales at the Perth Mint
Sales of American Silver Eagle coins at the United States Mint set an October record in 2014. Sales of silver however, at the Perth Mint declined month over month and year over year in October 2014.
November sales of American Silver Eagles at the U.S. Mint continued their robust sales pace as they head towards an annual record.
In November, the Perth Mint played catch up as silver coin sales jumped to 851,836 ounces up from 655,881 ounces in October and up from 807,246 in November 2013.
November silver sales at the Perth Mint were at their highest levels since January 2014 which is traditionally the strongest sales month.
Silver sales at the Perth Mint in November jumped 30% from October.
Gold Sales at the Perth Mint
Gold Sales are down 24% Year Over Year at the Perth Mint
The Perth Mint sold 49,904 ounces of gold in November 2014 down from 55,350 ounces in October and down from 52,700 ounces in November 2013.
While retail gold demand in 2014 has been strong, led by an increase in gold jewelry demand much of it from India, gold coin and bar demand among retail investors has remained muted throughout 2014.
Sales of one ounce American Gold Eagles at the U.S. Mint are down 42% year over year (from 690,000 ounces through November 2013 to 402,500 ounces through November 2014) and Perth Mint gold sales are down 24% year over year (from 629,021 ounces through November 2013 to 476,478 through November 2014).
Gold sales at the Perth Mint fell 10% from October.
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.
Year to date the U.S. Mint has sold 42,070,00 one ounce American Silver Eagle coins and 414,500 one ounce American Gold Eagle coins for a silver to gold sales ratio of 101.49 to 1.
Year to date the Perth Mint has sold 7,089,736 ounces of silver and 476,478 ounces of gold for a silver to gold sales ratio of 14.87 to 1.
The gold silver ratio that measures how many ounces of silver it takes to buy one ounce of gold was 73 to 1 as of December 1 2014.
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Further Reading:
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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