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 year.
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 |
I’ve never been able to figure out why this is supposed to matter, but what the heck, eh?
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.
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!
Will look forward to see what image is decided for next year’s coins for UK and Canada.
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.
Common Wealth of Nations. There is no more British Empire, or Spanish Empire, or French Empire, or Portuguese Empire, or Dutch Empire, or……
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’.