Perth Mint Sold Out Of Gold Kilo Bars While Silver Sales Nearly Tripled

Australia’s largest mint sure has seen a surge in physical gold & silver sales!

by Chris Powell of the Gold Anti-Trust Action Committee (GATA)

By Ranjeetha Pakiam
Bloomberg News
Wednesday, April 1, 2020

The Perth Mint, Australia’s largest, reported a jump in gold and silver sales last month as demand for havens surged amid the coronavirus pandemic.

The mint, which has been in business for more than a century, said gold coin and minted bar sales totaled 93,775 ounces in March, the highest since April 2013, according to data compiled by Bloomberg. Silver sales almost tripled to 1.74 million ounces from 605,634 ounces in February.

The mint’s gold kilobars were sold out last week due to the surge in demand amid a squeeze in the market, according to Chief Executive Officer Richard Hayes. It has reopened the kilobar manufacturing facility to ensure additional stock is available, and separately has diverted production to its popular 1-ounce Silver Kangaroo coin to meet a backlog of orders, he said last week.

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Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA’s recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here’s what the bottles look like:

Buyers can compose their case by choosing as many as four varietals from the list here:

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

To order a case of GATA-label wine, please e-mail Fay J Winery at [email protected].

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Support GATA by purchasing
Stuart Englert’s “Rigged”

“Rigged” is a concise explanation of government’s currency market rigging policy and extensively credits GATA’s work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon —…

— or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at [email protected].

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