2/26/2024 0 Comments Perth mint gold![]() The Perth Mint sold 52,241 oz of gold and 1,484,936 oz of silver in minted product form during February. The gold silver ratio increased throughout the month, ending February at 88. Locally, silver ended the month just over AUD 30.50 supported by the drop in the Australian dollar. In a similar pattern, silver hit a monthly high early in the month at just under USD 24.50, but then fell sharply hitting a low near USD 20.50. Gold in Australian dollars ended the month a little under AUD 2,700, the local price supported by the weakening of the Australian dollar to the US dollar. ![]() The precious metal drifted lower over the remainder of the month, hitting a low of just under USD 1,810 before recovering slightly. However, after the release of minutes from the Fed’s latest policy meeting in which officials stressed that inflation remained too high, and stronger US non-farm payrolls, gold dropped by nearly USD 100. Gold continued to post price gains in early February hitting its highest level in almost a year at near USD 1,960 per oz. Holdings in The Perth Mint listed ETP, ASX:PMGOLD, increased in February, up 0.17%. ![]() The Perth Mint Depository’s total gold holdings increased by 0.80% while silver holdings dropped by 0.29% during the month.The Perth Mint sold 52,241 troy ounces (oz) of gold and 1,484,936 oz of silver in minted product form during February 2023.Please reach out to our first class Customer Service Representatives by email or by calling them at 1 877 775-4826 (US and Canada) or at 1 514 313-9999 (Worldwide).Depository clients renew appetite for gold physical investors favour silver in February Want more information on how to sell gold or buy gold? How to sell silver or buy silver? Kitco is an active buyer and seller of Perth Mint coins and Perth Mint bullion bars. The Perth Mint is older than the Royal Australian Mint and since 1987 The Perth Mint has been focused on its mission of creating and overseeing Australia’s official bullion coin program. From then until Great Britain went off the gold standard in 1931, The Perth Mint struck some 106 million gold sovereign coins and close to 735,000 half gold sovereigns for use in Australia and throughout the British Empire. Perth Mint opened in 1899 in Perth, Australia. This makes these Perth Mint silver coins very collectible and potentially able to appreciate in collectible premiums as well. Mintages are typically capped at 300,000 Silver Koala coins. Silver Australian Koala Coinsįirst struck in 2007, The Perth Mint Silver Koala Coins have gained intense popularity and price premiums in the world’s secondary silver bullion trading markets. Perth Mint silver bars range in sizes as small as 10 ounces to 1000 oz silver bars. The Perth Mint is one of a select few official government bullion mints that issues government guaranteed silver bullion bars. ![]() The 1 oz Gold Kangaroo Coin is consistently the most minted and purchased size of the coins. The coins are struck in sizes ranging from as small as 1/20 oz to 1 kilo gold coin sizes. Gold Australian Kangaroo CoinsĪ Perth Mint gold coin series started in 1986, each successive year has featured a new kangaroo coin design building a rabid worldwide gold coin collector following. Perth Mint gold bars range in sizes from 100 gram all the way up to 400 oz gold bars. The Perth Mint is one of a select few official government bullion mints that produces government guaranteed gold bullion bars. The Perth Mint produces some of the highest quality bullion bars and bullion coins in the world with limited mintage and excellent premium performance due to their collectability. The Perth Mint is popular due to the mint’s pursuit of bullion and coin striking perfection. Perth Mint bullion coins and bullion bars are guaranteed by the government of Australia. Popular Perth Mint Australia bullion products include Gold Australian Kangaroo Coins, Gold Perth Mint Bars, and Silver Australian Koala Coins. The Perth Mint is an Australian wholly owned and official government bullion mint. Why buy Perth Mint Coins & Perth Mint Bars?
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