Friday, January 22, 2021
  • CCPA – California Consumer Privacy Act
  • Terms of Use
  • DMCA
  • Privacy Policy
  • Cookie Policy
  • About
  • Contact
Gold Investment
No Result
View All Result
  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact
  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact
No Result
View All Result
Gold Investment
Home Gold Foreign Gold Coins

Perth Mint’s gold coin sales surge in 2019 while the U.S. Mint sees worst year on record

Gold Investment Experts by Gold Investment Experts
in Foreign Gold Coins
3 min read
0
Perth Mint’s gold coin sales surge in 2019 while the U.S. Mint sees worst year on record
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter


Editor’s Note: 2020 is expected to be another year of significant uncertainty and turmoil. But the question is what asset will emerge the victor when the dust settles from the global trade war, Brexit, recession threats, negative bond yields. It’s a showdown of global proportions, so don’t miss all our exclusive coverage on how these factors could impact your 2020 investment decisions.

(Kitco News) Two completely different mints on the other sides of the globe are reporting very contrasting coin gross sales outcomes from 2019.

The Perth Mint in Australia noticed a surge in gold coin gross sales in direction of the top of 2019, whereas the U.S. Mint reported dwindling gross sales all year long.

Perth Mint's gold coin sales surge in 2019 while the U.S. Mint sees worst year on record 1

The December information from the Perth Mint revealed that it noticed a 45% uptick in gold product gross sales compared to the earlier month.

There was a complete of 78,912 ounces of gold cash and minted bars offered in December, marking the very best month-to-month improve since October 2016, Perth Mint mentioned on Wednesday. The year-over-year comparability reveals that gross sales had been up 170%.

Gold costs reached file excessive ranges in Australian greenback phrases final yr, topping AUD $2,000 for the primary time ever.

“The rally in treasured metals is a continuation of a robust upside transfer which might be dated again to This fall 2018 when a pointy decline in fairness markets reignited demand for gold and different safe-haven belongings. Since then, gold has rallied by greater than 30% in Australian greenback phrases,” Perth Mint mentioned in its weblog publish.

The Australian mint mentioned it noticed elevated demand firsthand final yr, highlighting Germany because the essential space the place the demand was coming from.

“In troy ounce phrases, December 2019 demand for our Australian gold bullion cash and minted bars neared 79,000 ounces – up 45% on the earlier month. Pushed by robust gross sales of Kangaroo and Lunar cash, notably in Germany, the variety of ounces offered in December 2019 elevated 170% in comparison with the identical interval in 2018,” Perth Mint mentioned.

The second-best month for gold gross sales was November with Perth Mint promoting 54,261 ounces of gold cash and minted bars.

When it got here to silver gross sales, December’s figures had been at 1,361,723 ounces offered, up 32.5% month-on-month and up 97% year-on-year.

Compared to Australia’s constructive outcomes, the U.S. Mint noticed declining gross sales of its American Eagle gold coin in 2019. Although gross sales began robust at 65,500 ounces offered in January, the numbers shortly fell, dropping to simply 2,000 ounces offered in December.

General, the U.S. Mint offered a complete of 152,000 ounces of the gold American Eagle cash in 2019, marking the bottom stage on file because the Mint started recording the information in 1986.

Gross sales of silver American Eagle cash had been the worst since 2007, with solely 14,863,500 ounces offered in 2019, down from the already weak determine of 15,700,000 reported in 2018.

Analysts pointed to the rallying U.S. inventory market as a potential purpose why buyers selected to not spend money on the bodily gold cash.

“A lot of what has most likely been taking place is that there have been higher returns in different markets, equities particularly. S&P 500 is up 30% year-on-year,” RBC Wealth Administration managing director George Gero instructed Kitco Information final week.

On high of that, the robust U.S. greenback might need been accountable for such low gross sales.

“Final yr has been indicative of the truth that the U.S. greenback has been rather a lot stronger than anybody would have thought. Due to the commerce challenge, you had China’s forex not carry out notably nicely … We have not seen as a lot bodily demand as a result of, in different currency-terms, it appeared costly,” mentioned TD Securities head of world technique Bart Melek.


Disclaimer: The views expressed on this article are these of the writer and should not mirror these of Kitco Metals Inc. The writer has made each effort to make sure accuracy of data offered; nevertheless, neither Kitco Metals Inc. nor the writer can assure such accuracy. This text is strictly for informational functions solely. It isn’t a solicitation to make any trade in commodities, securities or different monetary devices. Kitco Metals Inc. and the writer of this text don’t settle for culpability for losses and/ or damages arising from using this publication.

Related posts

Live Updates! Silver Price Rates Today in Nepal

Live Updates! Silver Price Rates Today in Nepal

Bitcoin’s ups and downs: five things to know

Bitcoin’s ups and downs: five things to know



Source link

Previous Post

Global Precious MMI: PGMs make gains after South Africa outages - Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting

Next Post

Virus Hits China’s Gold Jewelry Demand as Shoppers Stay Away

Next Post
Dillon Gage Explains Coronavirus Impacts On Gold

Virus Hits China’s Gold Jewelry Demand as Shoppers Stay Away

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Leeds news LIVE: Parts of North of England braced for tough new coronavirus controls

Leeds news LIVE: Parts of North of England braced for tough new coronavirus controls

Strong holiday shopping, improved investor sentiment to weigh on gold prices – IHS Markit

LBMA delegates see gold prices pushing past $1,650 an ounce next year

Anglo American Platinum CEO Griffith to step down

Anglo American Platinum CEO Griffith to step down

Gold (price) rush keeps Indians smiling amid pandemic

Gold (price) rush keeps Indians smiling amid pandemic

BROWSE BY CATEGORIES

  • Foreign Gold Coins
  • Foreign Silver Coins
  • Gold bar
  • Gold Jewelry
  • Platinum Bars
  • Platinum Coins
  • Silver Bars
  • Silver Jewelry

POPULAR NEWS

  • Miles Standish Designs Miss Liberty Silver Bullion Coins

    Miles Standish Designs Miss Liberty Silver Bullion Coins

    11 shares
    Share 4 Tweet 3
  • Bought Out? Why Shopping for Gold All of the sudden Obtained So Exhausting

    4 shares
    Share 2 Tweet 1
  • Palladium Surges above $2,400. Is It Sustainable?

    3 shares
    Share 1 Tweet 1
  • Gold positive factors safe-haven luster as jobless claims contact document

    3 shares
    Share 1 Tweet 1
  • Gold-Backed Cryptocurrencies Develop Premiums as Gold Demand Soars

    2 shares
    Share 1 Tweet 1
  • Concerns rise over fake gold in Saudi Arabia

    2 shares
    Share 1 Tweet 1
Gold Investment Portal

Follow us on social media:

  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact

Recent Posts

  • What to Make of Recent Rebound? Levels for XAU/USD
  • How to turn scrap gold into cash without getting ripped off – Red Bluff Daily News

Recent News

Weighed by Stronger US Dollar Post-Debate

What to Make of Recent Rebound? Levels for XAU/USD

How to turn scrap gold into cash without getting ripped off – Red Bluff Daily News

How to turn scrap gold into cash without getting ripped off – Red Bluff Daily News

  • CCPA – California Consumer Privacy Act
  • Terms of Use
  • DMCA
  • Privacy Policy
  • Cookie Policy
  • About
  • Contact

Copyright © 2020 Gold Investment. All Rights Reserved.

No Result
View All Result
  • Home
  • Gold
    • Gold bar
    • Foreign Gold Coins
    • Gold Jewelry
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Silver Bars
    • Silver Jewelry
    • Foreign Silver Coins
  • About
  • Contact
  • Terms of Use
    • Privacy Policy
    • Cookie Policy
    • CCPA – California Consumer Privacy Act
    • DMCA

Copyright © 2020 Gold Investment. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.