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Thread: Demand For Gold Coins and Bars At Perth Mint Surge To 3 Year High

  1. #1

    Demand For Gold Coins and Bars At Perth Mint Surge To 3 Year High


    The Perth Mint's gold product sales in December rose 45% from the previous month and to their highest in more than three years, the refiner said.

    Sales of gold coins and minted bars in December climbed to 78,912 ounces - their highest since October 2016, and surged about 170% from the same month last year, the mint said in a blog post.

    Meanwhile, silver sales in December were at 1,361,723 ounces, rising 32.5% from November and about 97% from a year ago.

    Benchmark spot gold prices XAU= rose 3.6% in December, registering its biggest monthly gain since August, while silver prices gained 4.8%. GOL/

    The Perth Mint refines more than 90% of newly mined gold in Australia, the world's second-largest gold producer after China.
    https://www.zerohedge.com/news/2020-...ge-3-year-high

    @oyarde time to stock up on koala's and kangeroo's!
    Last edited by Warlord; 01-14-2020 at 12:15 PM.



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  3. #2

    Post US Mint sales down

    US Mint sales are down overall. They're charging too high a premium on both gold and silver, and getting undercut by Australia, Canada, South Africa and others.

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  4. #3
    Quote Originally Posted by RonZeplin View Post
    US Mint sales are down overall. They're charging too high a premium on both gold and silver, and getting undercut by Australia, Canada, South Africa and others.
    I stick to Krugerands, 1% premium i can get them at though that is dealers choice. My last one was from 1977. That's why they're very popular.

  5. #4
    Quote Originally Posted by RonZeplin View Post
    US Mint sales are down overall. They're charging too high a premium on both gold and silver, and getting undercut by Australia, Canada, South Africa and others.

    I sold a customer an American Gold Buffalo .9999 one ounce today for 50.00 over spot ( 1593.00) after I showed him the mint is still selling 2019's on the site for 1920.00.The US Mint is all $#@!ed up.
    Do something Danke



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