Bullion demand slowed in June for Australian gold and silver products produced and sold by The Perth Mint of Australia. In the longer haul, the Mint’s sales split in the first half 2022 compared to the first half of last year, with silver sales solidly higher and gold sales distinctly lower.
The Perth Mint’s June bullion gains measured against a third month of falling precious metals with LBMA prices slipping 1.2% for gold dropping 6.2% for silver. Both metals also logged declines through the first half of the year — slightly for gold at 0.2% and severely for silver at 11.6%.
Bullion Sales in June and First Half of 2022
June sales of the Mint’s gold coins and gold bars combined to 65,281 ounces, registering declines of 33.7% from May and 10.5% from June 2021.
"We are Australia’s largest exporter to Germany where there’s been a significant slow-down in demand for Australian gold bullion coins. The market there has clearly taken a breather, and this is inevitably reflected in our latest sales figures," said General Manager Minted Products, Neil Vance.
Gold sales through the first half of 2022 at 506,094 ounces are 15.1% lower than the 596,372 ounces sold through the first half of 2021.
Perth Mint sales in June of minted silver coins and silver bars combined to 1,523,765, marking declines of 31.3% from May and 16.4% from June 2021.
"Meanwhile, interest in Perth Mint silver products remained high even though these figures show a drop in the number of ounces sold. This is primarily because two large orders shipped during the month have fallen into July’s accounting period," Vance said.
Silver sales through the first half of 2022 at 11,529,960 ounces are 16.3% higher than the 9,915,637 ounces sold during through the first half of last year.
Perth Mint Gold and Silver Sales by Month
Below is a monthly summary of Perth Mint bullion sales from June 2021 to June 2022. The figures show monthly ounces of gold and silver shipped as minted products by The Perth Mint to wholesale and retail customers worldwide. It excludes sales of cast bars and other Group activities including sales of allocated/unallocated precious metal for storage by the Depository.
| Perth Mint Bullion Sales (in troy ounces) | ||
|---|---|---|
| Silver | Gold | |
| June 2022 | 1,523,765 | 65,281 |
| May 2022 | 2,217,582 | 98,515 |
| April 2022 | 2,119,491 | 80,941 |
| March 2022 | 1,649,634 | 121,997 |
| February 2022 | 1,632,323 | 72,651 |
| January 2022 | 2,387,165 | 66,709 |
| December 2021 | 1,733,293 | 54,861 |
| November 2021 | 1,530,598 | 115,872 |
| October 2021 | 1,352,275 | 59,750 |
| September 2021 | 1,789,926 | 98,753 |
| August 2021 | 1,467,229 | 53,976 |
| July 2021 | 1,302,723 | 70,658 |
| June 2021 | 1,823,029 | 72,910 |
Is silver running out? It doesn’t look like it. Gold neither. My hope is the U.S. Mint changes it’s mind about the 2022 S Morgan and Peace Proof dollars. Time will tell.
At least we can now sign up for the Morgan and Peace enrollments
Thank God for small blessings.
First-On-Thread Antonio,
You are the proud recipient of the Ventris Gibson Walk of Shame Award – cherish it forever – she can run but she can’t hide
As long as there are fools (Us) willing to pay over $70 for an ounce of worthless Silver the the US Mint and other shysters will be there to sell it to us with no shortages
Today, US Mint Enrollments have opened up for 2 ASE products
In another monumental screw-up by Ventris Gibson and the US Mint – US Mint thousands of US Mint customers are not able to view or modify their US Mint Enrollments.
This is just the latest incident in US Government gone bad as we are experiencing the major incidents with more and more frequency
Ventris, needs to take a walk
SENZA, they are doing the Perp Walk at the Denver Mint. As Coin World reports, “Error coinage reported stolen at Denver Mint” (July 7, 2022): An employee of the Denver Mint is alleged to have stolen at least 185 error coins from the facility. The Denver Mint employee received a 14-day suspension, after the OIG’s office provided the Mint with information gained from its probe into the theft. Criminal prosecution of the employee was presented to and declined by the United States Attorney’s Office for the District of Colorado in Denver.
NGC paid everyone off and those 185 error coins were probably just one day worth. America is in a Civil War right now – the US Government has one standard for them (Untouchables) and another standard for us (Fleece the Hell out of them) I wonder if he got a bonus for turning himself in 14 days off work too I love those benefits.
I wonder if US Mint employees all carry full automatic weapons like the Energy Department and the IRS – can’t have anyone standing in the way of them fleecing us
By the way, Merry Christmas In July enjoy the Holiday with
Thanks SENZA for pointing these things out.
When a wise man points at the moon, an idiot looks at his finger.
My comments are just that- comments; not advice or instructions – please do not try this at home unless you have followed my instructions and advice very carefully
While your waiting in line please fill out your own name card – I have provided mine as a sample – thank you
To quote Rich
If your Heading out this weekend keep your hands on the wheel and your eyes on the prize Antonio https://www.youtube.com/watch?v=nuh4_uWI1x4
Thanks. I did and for 2023, I’ll be officially broke.
Your not alone Rock Hard and Ride Free Bro https://www.youtube.com/watch?v=P-c62u8dh18
The Ultimate Optimist https://www.youtube.com/watch?v=4fnWQnxz1c8
My old computer won’t play your video but the image certainly made me smile for at least the length of a video
I still can’t access enrollments on my US Mint account but was able to get confirmation via email for the Morgans and Peace dollars – that’s better than nothing but it’s still typical US Mint
No problem – this video will take your mind off that little misfire – let’s go Fishing https://www.youtube.com/watch?v=EknBUpJWQhw
One in the hand is worth two in the bush.
Ouch! Smokin’!
At the time of this post every Purple Heart product is available for pre-order and showing a shipping date of 07-13-14-2022
However, if you click on “pre-order” for the coins the items ordered in your cart say expected shipping date is October 10, 2022. It is almost as if you are placing a back order rather than a pre-order. According to the Mint, “When products are in “Back Order” status, this means that the product is available for sale, however there is no inventory in stock and a future ship date is displayed on our website; “Currently Unavailable” products have no remaining inventory in our warehouse and no additional production is scheduled. Additional inventory may be produced or become available.” So… Read more »
I think this is fresh new data this one even says its in stock and shipping now when I bought it
Yes, my order was processed like any “in stock” product purchase but there are still a million ways the Mint can screw this up
I think we can all agree that this doesn’t compute
I didn’t make the post to say anyone was right or wrong but to let those who have been waiting (like I have) to know they might have a chance to grab this now before the Mint changes it to some other ridiculous status
It’s obvious the US Mint is completely mismanaged and totally out of control
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