Perth Mint Silver Sales Explode!

Record demand for investment grade silver is no longer simply an American phenomenon…

 

Submitted by Smaulgld

January Perth Mint silver sales of 1,473,408 ounces were up 151% year over year.
Silver Kangaroo bullion coin continues to drive massive silver sales.

January Perth Mint gold sales of 47,759 were up 106% year over year.

Silver Sales at the Perth Mint in December 2015.

The Perth Mint sold 1,473,408 ounces of silver in January 2016 up 151% from 585,953 ounces sold in January 2015. Silver sales in January 2016 were up 36% from December 2015 sales of 1,083,460 ounces.

Perth Mint vs. U.S. Mint Silver Sales

Silver sales at the U.S. Mint were over five million in January. In January 2016, The U.S. Mint sold 5,9269,00 one ounce American Silver Eagles (ASEs) up 7.2% from 5,530,000 ASEs sold in January 2015.

The Perth Mint Silver Kangaroo.

perth mint silver kangaroo coins

In September 2015, the Perth Mint reacted to the silver shortages at the U.S. and Canadian Mints by introducing a new silver bullion coin that would be not be of limited mintage, but rather would be minted in such quantities to meet demand – the Silver Australian Kangaroo one ounce coin.

The new coin was an immediate hit. In five months (September 2015- January 2016) the Perth Mint has sold 8,984,005 ounces of silver, up 170% from the period of September 2014 – January 2015 when 3,328,240 ounces of silver were sold.

Perth Mint Silver Sales January 2015 – January 2016

perth mint silver sales january 2015 - 2016

 

Gold Sales at the Perth Mint in January 2016

The Perth Mint sold 47,759 ounces of gold in January 2016 up 106% year over year from 23,174 ounces sold in January 2015.

Gold sales at the Perth Mint in January 2016 were up 19% from December 2015 sales of 40,096 ounces.

Perth Mint vs. U.S. Mint Gold Sales

Sales of American Gold Eagles at the U.S. Mint rose sharply in January 2016 from January 2015. In January 2016, the U.S. Mint sold 89,000 one ounce American Gold Eagle coins up 73% from 51,500 sold in January 2015.

Perth Mint Gold Sales 2015 – 2016

perth mint gold sales 2015 - 2016 january

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

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

The U.S. Mint sold 5,926,500 one ounce American Silver Eagle coins and 89,000 one ounce American Gold Eagle coins in January 2016 for a silver to gold sales ratio of 66.59 to 1.

The Perth Mint sold 1,473,408 ounces of silver and 47,759 ounces of gold in October 2015 for a silver to gold sales ratio of 30.85 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 well over 76 to 1 during January 2106.

the Gold silver ratio January 2016