Perth Mint Gold Bullion Sales Quicken in August

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2022 Australian Lunar Tiger 1oz Silver Bullion Coins - Obverse and Reverse
A CoinNews photo showing a pair of 2022 Australian Lunar Tiger 1oz Silver Bullion Coins – (Shown: obverse and reverse sides)

Australian bullion sales in August picked up for a second straight month for minted gold coins and bars but slowed for minted silver coins and bars, according to the latest figures from The Perth Mint of Australia.

The Perth Mint’s August bullion gains measured against a fifth straight month of falling precious metals with LBMA prices dropping 2.1% for gold and 10.6% for silver.

Perth Mint Gold Bullion Sales in August 2022

August sales of the Mint’s gold coins and gold bars totaled 84,976 ounces, posting increases of 7.2% from July and 57.4% from August 2021.

Year-to-date gold sales at 670,375 ounces are 7% lower than the 721,006 ounces sold through the first eight months of last.

Perth Mint Silver Bullion Sales in August 2022

Perth Mint August sales of minted silver coins and silver bars reached 1,655,334 ounces, dropping 32.9% from the second all-time monthly high in July but 12.8% higher than in August 2021.

Perth Mint silver sales for the year so far at 15,650,807 ounces are 23.4% higher than the 12,685,589 ounces sold during the leading eight months of last year.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from August 2021 to August 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
August 2022 1,655,334 84,976
July 2022 2,465,513 79,305
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

 

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Kaiser Wilhelm

I’ve never been able to figure out why this is supposed to matter, but what the heck, eh?

Antonio

That’s what I like about you, you’re on top of it. First place I go to is the comments, they’re usually the most interesting and informative part of an article.

Kaiser Wilhelm

I will agree that I keep my ear to the ground, but so do you Antonio, and nine times out of ten you are here before me to share your reaction to the article. So, kudos!

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Antonio

Will look forward to see what image is decided for next year’s coins for UK and Canada.

Kaiser Wilhelm

Exactly, Antonio, and for Australia, New Zealand and quite a few more Commonwealth Nations. On that note, it seems there is a trend these days for these nations to one by one depart from the practice of having the British Monarch on their coins and currency. It could be that after all these centuries the sun is finally setting on the British Empire.

Antonio

Common Wealth of Nations. There is no more British Empire, or Spanish Empire, or French Empire, or Portuguese Empire, or Dutch Empire, or……

Kaiser Wilhelm

Actually, I didn’t mean that literally, Antonio, I was just hearkening back to the old expression “The sun never sets on the British Empire” (because it spanned all time zones). Just sayin’.