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Gold and Silver from Australia: Strong Sales Figures!

The Perth Mint’s gold and silver sales in 2022 have rebounded from an already strong previous year.

The Perth Mint’s gold sales have been weaker recently than in previous months. However the full year figures for 2022 are impressive.

Gold from Australia

Australia’s Perth Mint sold 60,534 ounces of gold in investment metal form last month. It was 47 percent less than the previous month. At the same time, it was the weakest sales month of the year. However, sales of gold have increased by 10 percent over last year.

Strong sales year

After a very strong trend of the year, there was a breather with the quiet days leading up to Christmas, explains Neil Vance, General Manager, Minted Products. And the year 2022 went very well overall. With 1,116,869 ounces of investment gold sold, an already strong prior-year result was again over 6 percent.

Gold, Silver, Column, Perth Mint
Perth Mint Monthly Gold and Silver Sales in Ounces from December 2019 (Source: Perth Mint)

Silver heels

On the other hand, silver sales rose 24 percent month-on-month to 1,634,751 ounces in December. According to the issuer, the increase in sales is mainly due to the start of sales of the 2023 Kookaburra silver coins issued at the end of November. However, the December result in the silver sector was down 5 percent year-on-year. The overall result for the year is impressive. Because it was 21 percent higher than the previous year with 23,176,142 ounces of silver.

Perth mint gold and silver

The state-owned Perth Mint produces many popular bullion coins made of gold, silver and platinum. These include varieties of kangaroo, koala and kookaburra, as well as many precious metal objects, often figures of the Australian animal kingdom.

For the United States Mint, the manufacturer has repeatedly been able to supply significantly more gold and silver coins for investment than the Americans suffered from permanent shortages (Eagle Gold Coins: Sales Figures Cause Complaints)

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