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Investors bought slightly less gold and silver from the Australian in August. Perth Mint, according to the figures published by the Mint at the beginning of each month. Sales of gold coins and gold bars fell from 51,088 troy ounces in July to 33,390 troy ounces in the month of September. It is not surprising that sales fell somewhat, because since September last year, the mint has not sold as much investment gold as in July 2015.
Silver sales fell from 746,700 troy ounces in July to 707,656 troy ounces in August. Although that is a decrease of 5%, compared to the rest of this year, August's sales figure was above average. Since November last year, the Perth Mint has not sold as many silver coins to investors as it did in the months of July and August.
Selling gold Perth Mint over the past few years
Cumulative gold sales
Sell silver coins at the Perth Mint
Cumulative sales of silver coins
The Perth Mint is Australia's largest mint and also an important smelter for the Southeast Asian region. Australia has a large gold mining sector and these gold mines almost all have their gold melted by the Perth Mint. Much of that gold is eventually exported to Asian countries.
The sales figures in this announcement only refer to the smaller coins and bars that the Perth Mint sells to private individuals. Consider, for example, the Silver Kilo Coins and the gold Nugget and Kangaroo coins. The sales figures give a good indication of the global demand for gold among private individuals, as the products of this mint are sold all over the world. You can use this Buy gold and silver coins at {{P7}}.
