PERTH MINT SALES – AUGUST 2015
by Louis Cammarosano, Smaulgld
Perth Mint silver and gold sales August 2015.
Perth Mint silver sales were down 13.6% in August year over year.
Perth Mint gold sales were down 13.7% in August year over year.
Silver Sales at the Perth Mint in August 2015.
The Perth Mint sold 707,565 ounces of silver in August down 13.6% from 818,856 ounces sold in August 2014.
August 2015 silver sales at the Perth Mint were down 5.2% from 746,700 ounces sold in July 2015.
Perth Mint Silver Sales August 2014 – August 2015
Gold Sales at the Perth Mint in August 2015
The Perth Mint sold 31,590 ounces of gold in August down 10.7% year over year from 35,369 ounces sold in August 2014.
Gold sales at the Perth Mint were down 38.2% in August from 31,019 ounces sold in July.
Sales of American Gold Eagles at the U.S. Mint fell in August from July’s eighteen month high. In August 2015, the U.S. Mint sold 78,500 one ounce American Gold Eagle coins down 46% from 144,500 sold in July 2015 and up 274% from 21,000 American Gold Eagles sold in August 2014.
Perth Mint Gold Sales August 2014- August 2015
Silver to Gold Sales Ratios at the U.S. and Perth Mints
The U.S. and Perth Mints are selling proportionally increasing amounts of silver to gold. The Perth Mint, however, sells a much larger proportion of gold to silver than the U.S. Mint.
The U.S. Mint sold 4,935,000 one ounce American Silver Eagle coins and 78,500 one ounce American Gold Eagle coins in June 2015 for a silver to gold sales ratio of 63 to 1. (the ratio for the past 12 months has been over 100 to 1. The lower August ratio is because the U.S. Mint allocated sales of American Silver Eagles during the month of August.)
The Perth Mint sold 707,565 ounces of silver and 31,590 ounces of gold in August 2015 for a silver to gold sales ratio of 22.4 to 1.
The Gold Silver Ratio
In contrast, to the silver to gold sales ratio, the gold silver ratio measures how many ounces of silver it takes to buy one ounce of gold.
The gold silver ratio was 77 to 1 as of September 3, 2015.