PM Silver coin sales boom

[Silverthorn]

phase three :lol:

Silver-coin sales from the Perth Mint, which was founded in 1899 and processes all of the country's bullion, have surged to a record as buyers seek to protect their wealth with the metal known as poor man's gold.

The mint sold 10.7 million one ounce silver coins since July 1 last year, according to Sales and Marketing Director Ron Currie. That's 66 per cent higher than the previous full fiscal year and about 10-fold more than five years earlier. Sales of one ounce gold coins will be close to a record, he said.

http://www.smh.com.au/business/mark...m-as-investors-seek-haven-20110622-1gdzo.html

 

[Chillidog]

Roughly 1 coin per 2 people. Considering how many are in the hands of ss members there is a lot of sheeple out there with no silver.

 

[fishball]

Roughly 1 coin per 2 people. Considering how many are in the hands of ss members there is a lot of sheeple out there with no silver.

The sheeple, they think their 20 cent coins are silver

 

[Silverthorn]

Roughly 1 coin per 2 people. Considering how many are in the hands of ss members there is a lot of sheeple out there with no silver.

Less really. A lot goes overseas.

 

[SilverMark]

worth remembering that sales of 1oz coins have also increased due to the lack of bars produced so far in 2011. Would be a more useful article if it also had a comparison of total volume of silver sold by PM this year

 

[2ds]

Interesting article, doesn't seem to say anything negative about silver or have any "experts" talking about how it will drop and it's a bad investment

 

[da-shaz]

I thought that 10 million one ounce coins seemed completely ridiculous

Actually took into account all forms of bullion and numismatic coins sold, not just one ounce coins

There's been a misinterpretation we sold 10.7 million ounces of silver in the form of bullion and numismatic coins within the timeframe mentioned. The correct information was provided in the interview - so apologies for any confusion as a result of the article.

Regards

Ron Currie