Perth Mint's gold, silver sales fall in August

Discussion in 'General Precious Metals Discussion' started by miniroo, Sep 7, 2016.

  1. miniroo

    miniroo Well-Known Member Silver Stacker

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    The Perth Mint's sales of gold and silver products fell in August, in line with a trend reported by precious metal businesses worldwide, the mint said in a blog post on its website on Wednesday.

    Sales of gold coins and minted bars in August dropped by about 13 percent to 14,684 ounces - the lowest monthly figure in four years, the mint said. Sales in July stood at 16,870 ounces.

    Silver sales nearly halved to 376,461 ounces in August from 693,447 ounces in July.

    Period Gold (oz) Silver (oz)

    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

    http://hotcopper.com.au/resources/perth-mints-gold-silver-sales-fall-in-august.16317/#.V8-OCq2yP54
     
  2. SteveS

    SteveS New Member

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    Does this reflect falling physical sales to private buyers, while the gold price still trends upwards due to growing institutional interest in paper gold? Perhaps private buyers are more price sensitive/risk averse?
     
  3. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Could it be expected new releases?

    Like Roster is coming out tomorrow, so I expect the seasoned stackers have been gearing up.

    Have a look at sep 2015 figures lol.
     
  4. SilverDJ

    SilverDJ Well-Known Member

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    Exactly what you'd expect given the rise in silver in AUD
    Obviously people now think that silver isn't "cheap" any more.
    [​IMG]
     
  5. r1lee

    r1lee New Member

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    No one has any money, didn't you hear everyone is in debt. Mortgages, loaned out, living pay check to pay check, maxed out credit card. Who's got money to buy precious metals?
     

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