Perth Mint Gold / Silver Sales March Report

Perth Mint Gold / Silver Sales March Report by Rory for The Daily Coin

Another example of hyping something that doesn’t exist.

I ran across this latest example of something being made of nothing. Actually, it’s worse than that, it is simply stringing words together to paint a picture that never existed. This type of nonsense hurts all of us that publish works and do our best to present people with facts – you know, what the corporate media never, ever does. When someone produces a headline that is the exact opposite of the reality of the facts everyone loses.

The headline reads – Perth Mint Gold and Silver Bullion Sales Surge in March – which grabs the attention of any and all members of the gold and silver community. If it doesn’t grab our undivided attention we at least pause to find out what happened that we must’ve overlooked somewhere in our exploration.

Turns out, if you look at very defined parameters of month over month – which is almost worthless information – you do see an upswing in gold and silver acquisitions. However, once you look past this very small piece of the puzzle you see something quiet different, in fact, almost the polar opposite. Less than a 10% upswing year over year is anything but a “surge”. More like what should be expected. But then once you look at the first quarter totals you see a decline in year over year.

March sales of the Mint’s gold coins and gold bars reached 32,757 ounces, posting gains of 67.8% from February and 9.6% from March 2018.

First quarter gold sales at 83,470 ounces dropped 10.8% from the 93,530 ounces sold in the first three months of 2018.

Perth Mint sales of silver coins and silver bars reached 935,819 ounces last month, jumping 60.2% from February but dipping 4.1% from a year ago March.

The Mint’s first quarter silver sales at 2,348,983 ounces fell 22.6% from the 3,036,236 ounces sold during the same period in 2018. Source

This is what is so frustrating. I just want solid information to make appropriate decisions. These people use hype and nonsense at an attempt to sell one more ounce of precious metals. How about simply spelling out the facts and presenting a great argument to possessing precious metals as the all-time savings account? How about comparing adding a few ounces of silver and gold during the first quarter of 2019 vs the first quarter of 2018 and how a persons savings account changed either up or down? No, too simplistic, not sexy enough?

The chart below speaks for itself. It confirms the year over year for March 2018 / March 2019.

Perth Mint Bullion Sales (in troy ounces)
Silver Gold
March 2019 935,819 32,757
February 2019 584,310 19,524
January 2019 828,854 31,189
December 2018 692,971 29,186
November 2018 876,446 64,308
October 2018 1,079,684 36,840
September 2018 1,305,600 62,552
August 2018 520,245 38,904
July 2018 486,821 29,921
June 2018 229,280 16,847
May 2018 557,120 14,800
April 2018 458,655 15,161
March 2018 975,921 29,883

Sharing is caring!

Author Image

The Daily Coin

Rory Hall, The Daily Coin. Beginning in 1987 Rory has written over 1,000 articles and produced more than 300 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Silver Doctors, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Shadow of Truth YouTube channels to enjoy original videos and some of the best economic, precious metals, geopolitical and preparedness news from around the world.