Perth Mint Gold Coins Sales Double In September
- Perth Mint gold coins see sales double on month in September
- Perth Mint silver bullion coin sales surge 78% in September
- Perth Mint sold 46,415 ounces of gold in September
- Nearly six times more gold coins sold at Perth Mint than U.S. Mint in September
- Sales surge at Perth Mint from low base; could indicate trend change and higher demand in coming months The Perth Mint's sales of gold products Sales of gold coins and minted bars jumped to 46,415 ounces Silver sales during the month also rose to 697,849 ounces, The Perth Mint refines more than 90 percent of newly-mined Spot gold prices recorded their biggest monthly drop for the year in September, pressured by the strength of the U.S. dollar amid increasing prospects of a December interest rate September Perth Mint gold coins sales topped U.S. Mint one ounce American Gold Eagle sales of 8,000 ounces by nearly six fold. Perth Mint gold sales topped the U.S. Mint gold sales for the seventh month in a row. Gold sales at the Perth Mint in September 2017 were down 21% from September 2016 sales of 58,811 ounces. Perth Mint gold sales were up 101% in September from 23,130 ounces sold in August. Sales of American Gold Eagles at the U.S. Mint in September 2017 were at a seventeen year low. hike by the Federal Reserve. News and Commentary Gold gains amid renewed North Korea fears (Reuters.com) Chinese stocks rise after weeklong holiday (MarketWatch.com) No Angst Seen Among Indian Investors as Local Flows Accelerate (Bloomberg.com) Corker says he worries Trump's recklessness could lead to 'World War III' (MarketWatch.com) Dollar down from 12-week high vs yen as North Korea fears weigh (Reuters.com) gold in Australia, the world's No. 2 gold producer after China. Gold Readying to Rally (ZealLLC.com) Gold and Silver Digest - Ed Steer (GoldSeek.com) Bass On "Worthless" Puerto Rican Debt, The Crypto "Gold Rush", And Guns (ZeroHedge.com) JP Morgan Dimon's status quo bias and the "internet replay" (StansberryChurcHouse.com) US government lost nearly $1 trillion in FY2017. Again (SoveriegnMan.com) Gold Prices (LBMA AM) compared with 392,091 ounces in August. Silver Prices (LBMA) in September from 23,130 ounces a month ago, the mint said.
Recent Market Updates - Survey shows UK and US Pensions Crisis is ImminentImportant Guides
Essential Guide To Storing Gold In Switzerland Essential Guide To Storing Gold In Singapore Essential Guide to Tax Free Gold Sovereigns (UK) - Gold Investment In Germany Surges - Now World's Largest Gold Buyers
- Yahoo Hacking Highlights Cyber Risk and Increasing Importance of Physical Gold
- Safe Haven Silver To Outperform Gold In Q4 And In 2018
- Plan For Run On The Pound
- Russia Gold Rush Sees Record Reserves For Putin Era
- China Catalyst To Send Gold Over $10,000 Per Ounce?
- Gold Matches S&P 500 Performance In First 3 Quarters; Up 12% 2017 YTD
- Gold Standard Resulted In "Fewer Catastrophes" - FT
- Financial Advice From Man Who Made $1+ Billion in 1929 - Importance Of Being Patient and "Sitting"
- "Gold prices to reach $1,400 before the end of the year" - GoldCore
- Commodities King Gartman Says Gold Soon Reach $1,400 As Drums of War Grow Louder
- Bitcoin "Is A Bubble" but Gold Is Money Says World's Biggest Hedge Fund Manager doubled in September from a month earlier, while silver sales surged 78 percent, the mint said in a blog post on its website on Tuesday.
Click image to enlarge
We will cover this in more depth tomorrow and compare and analyse the sharp increase in Perth Mint gold coin and silver coin demand with the still very low US Mint demand.
Weekly Precious Metal Price Changes (Ed Steer via GoldSeek)
09 Oct: USD 1,282.15, GBP 976.23 & EUR 1,092.01 per ounce
06 Oct: USD 1,268.20, GBP 970.43 & EUR 1,083.93 per ounce
05 Oct: USD 1,278.40, GBP 969.28 & EUR 1,086.51 per ounce
04 Oct: USD 1,275.55, GBP 960.87 & EUR 1,085.11 per ounce
03 Oct: USD 1,270.70, GBP 959.00 & EUR 1,081.87 per ounce
02 Oct: USD 1,273.10, GBP 956.48 & EUR 1,084.55 per ounce
09 Oct: USD 16.92, GBP 12.86 & EUR 14.41 per ounce
06 Oct: USD 16.63, GBP 12.73 & EUR 14.20 per ounce
05 Oct: USD 16.66, GBP 12.64 & EUR 14.19 per ounce
04 Oct: USD 16.83, GBP 12.67 & EUR 14.29 per ounce
03 Oct: USD 16.61, GBP 12.53 & EUR 14.13 per ounce
02 Oct: USD 16.58, GBP 12.46 & EUR 14.12 per ounce
For your perusal, below are our most popular guides in 2017:
Please share our research with family, friends and colleagues who you think would benefit from being informed by it.
By Cash could become a relic of the past if credit-card companies have their way. Visa announced Wednesday that it will grant up to $10,000 to 50 restaurants and food vendors who stop accepting cash in favor of credit cards, debit cards and mobile payments.
via Wall St. Whisperer and Marketslant.com What's going on with silver? If you've been bullish silver, you might feel the same angst some investors have felt over the past two months. But, according to one anonymous analyst from Simple Digressions, it may be time to look at the grey metal again.
In early 2016, physical gold hit $1,050 an ounce, which marked a level that gold investors hadn't seen since the latter half of 2009. After hitting $1,900 an ounce in 2011, gold shed 45% of its value as the U.S. economy improved, the U.S. dollar strengthened, and the Federal Reserve teased at, and finally began, raising its benchmark federal funds rate.Read More
Gold price to 2 month high as fiery Trump declares New American Order - 'Trumponomics': Politics and economic policy in 140 characters - The 'intelligence' according to Trump - Trump, Putin and Russia - the great bromance - Trump - Bull in a China shop - Trade and currency wars with China and other nations - Trump - Fan of gold and golden tweets - Conclusion - Trump may be the 'Golden Ticket' "The market is now worrying about what would come out from the new administration," Bob Takai, chief executive officer and president of Sumitomo Corp.Read More
Half a world away at the World Economic Forum in Davos, Switzerland, Nobel Laureate economist Joseph Stiglitz made remarks earlier this week that the US should "get rid of currency." Physical cash means there is no one else standing between you and your savings. But Professor Stiglitz and his colleagues don't want that.Read More
Perhaps one of the clearest indications that a rally inspired by President-elect Donald Trump is starting to stall is shiny and yellow and is outperforming other assets by a healthy margin. Gold is up 4.1% in the early part of 2017 as Trump stock-market rally deflates; Silver is off to an even better start to the year, up 5.3%Read More
Client visits to our Los Angeles office are by appointment only for security reasons. Call or email us to schedule an appoinment.
Client visits to our Corporate Office are by appointment only for security reasons. Call or email us to schedule an appoinment.