Perth Mint Gold and Silver Sales Solid in August

2015 Australian Kangaroo 1oz Gold Bullion Coin
Perth Mint bullion sales maintained strength

Australian sales of bullion gold and silver slowed in August compared to July and a year ago, the latest figures from the Perth Mint show, yet they ended sharply higher than in all but one of the months in the first half of 2015.

Bullion sales in August couldn’t compete from those in July, when the Mint’s gold sales rallied to a nine-month high and its silvers sales peaked at an eighth-month high.

As for the numbers, Perth Mint orders of gold coins and gold bars advanced 33,390 ounces last month, falling 34.6% from the 51,088 ounces delivered in July and slipping 8.2% from the 36,369 ounces sold in August 2014. For the year to date, gold sales at 253,128 ounces are down 16.3% from last year’s starting eight-month total of 302,463 ounces.

Perth Mint silver coins at 746,700 ounces in July dipped 5.2% from the prior month’s 746,700 ounces and fell 13.6% from the 818,856 ounces sold during the same month last year. From the January through August period, silver sales combine to 4,265,350 ounces for an 11.6% decline from the same period last year when they totaled 4,825,180 ounces.

Perth Mint Gold and Silver Sales by Month

Below is a monthly breakdown of Perth Mint bullion sales from August 2014 to August 2015.

Perth Mint Bullion Sales (in troy ounces)
Silver Gold
August 2015 707,656 33,390
July 2015 746,700 51,088
June 2015 384,586 31,019
May 2015 337,511 21,671
April 2015 472,273 26,545
March 2015 638,557 34,260
February 2015 392,114 31,981
January 2015 585,953 23,174
December 2014 477,731 40,211
November 2014 851,836 49,904
October 2014 655,881 55,350
September 2014 756,839 68,781
August 2014 818,856 36,369


United States Mint Bullion Sales in August

U.S. Mint bullion sales in August also maintained strength, lower than the previous month but sharply higher than a year earlier.

As far as the U.S. Mint’s core bullion products and Augusts go, there is no better one for American Silver Eagles and just three stronger for American Gold Eagles.

Gold Eagles at 101,500 ounces slipped 40.3% from July but soared 306% from August 2014. Silver Eagles at 5,529,000 ounces slowed 10.7% from the prior month but leapt 136.4% from a year ago.

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