Perth Mint's monthly gold sales hit lowest in five years in April

Discussion in 'General Precious Metals Discussion' started by greedy Kobold, May 5, 2017.

  1. greedy Kobold

    greedy Kobold Well-Known Member Silver Stacker

    Joined:
    Sep 8, 2015
    Messages:
    507
    Likes Received:
    75
    Trophy Points:
    63
    Location:
    gone
    You would think otherwise, wouldn't you. ...(silver looks ok?)
    PM lows.JPG

    https://hotcopper.com.au/resources/...owest-in-5-years-in-april.56811/#.WQvSIstdCM8


    May 2 (Reuters) - Sales of gold products by Australia's The Perth Mint slumped to the lowest monthly figure in five years in April as prices remained steady despite strong fundamentals and simmering geopolitical tensions, the company said on Tuesday.

    Sales of gold coins and minted bars fell 53 percent in April to 10,490 ounces from 22,232 ounces in March, it said.

    Silver sales also fell sharply, slipping 35 percent to 468,977 ounces from 716,283 ounces in March, it said.

    "Gold market fundamentals remain strong with simmering geopolitical tensions and continued economic uncertainty set to push sales higher again at a future date," The Perth Mint said in a statement.

    Gold prices hit a five-month high in April at $1,295 an ounce amid rising tensions between the United States and North Korea, but values have since fallen about 3 percent. [GOL/]

    Gold on Tuesday was holding near a three-week low of $1,253.66 an ounce hit in the previous session as Asian equities rallied and the U.S. dollar gained versus the yen.

    The Perth Mint runs the only gold refinery in Australia, the world's No. 2 gold producer after China.

    Period Gold (oz) Silver (oz)

    Apr-17 10,490 468,977
    Mar-17 22,232 716,283
    Feb-17 25,257 502,353
    Jan-17 72,745 1,230,867
    Dec-16 63,420 430,009
    Nov-16 54,747 984,622
    Oct-16 79,048 1,084,213
    Sept-16 58,811 1,031,858
    Aug-16 14,684 376,461
    Jul-16 16,870 693,447
    Jun-16 31,368 1,220,817
    May-16 21,035 974,865
    Apr-16 47,542 1,161,766
    Mar-16 47,948 1,756,238
    Feb-16 37,063 1,049,062
    Jan-16 47,759 1,473,408
    Dec-15 40,096 1,083,460
    Nov-15 31,664 1,145,239
    Oct-15 66,951 1,751,898
    Sep-15 63,791 3,349,557
    Aug-15 33,390 707,656
    Jul-15 51,088 746,700
    Jun-15 31,019 384,586
    May-15 21,671 337,511
    Apr-15 26,545 472,273
    Mar-15 34,260 638,557
    Feb-15 31,981 392,114
    Jan-15 23,174 585,953
     
  2. greedy Kobold

    greedy Kobold Well-Known Member Silver Stacker

    Joined:
    Sep 8, 2015
    Messages:
    507
    Likes Received:
    75
    Trophy Points:
    63
    Location:
    gone
    It looks like there is a mistake in the original article published in India Times

    Here is what LBMA shows
    Refineries AU.JPG

    Not sure if we can call Perth Mint independant or not, but there are two Australian refineries.

    Would love to see ABC sales for the period, if they had a similar hit
     
  3. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

    Joined:
    Jul 20, 2014
    Messages:
    5,739
    Likes Received:
    1,036
    Trophy Points:
    113
    Location:
    Melbourne

    Maybe it got to do with many people been buying fake Perth Minth gold off ebay ?
     
  4. clear

    clear Well-Known Member

    Joined:
    Jan 12, 2012
    Messages:
    1,301
    Likes Received:
    242
    Trophy Points:
    63
    Location:
    WA
    and check out January 15,16,17 gold sale
     
  5. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

    Joined:
    Jul 20, 2014
    Messages:
    5,739
    Likes Received:
    1,036
    Trophy Points:
    113
    Location:
    Melbourne
  6. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

    Joined:
    Feb 26, 2010
    Messages:
    8,809
    Likes Received:
    72
    Trophy Points:
    48
    Location:
    Gone Fishin'
    Well maybe Perth Mint should consider dropping its prices.
     

Share This Page