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Demand for Gold, Silver Returning to Pre-Spike Levels at Perth Mint

Perth Bullion Sales

By Hubert Walker for CoinWeek ….
Following September’s dramatic spike in silver demand and October’s last-minute push to a new yearly high for gold, in both instances demand for bullion products from the Perth Mint appears to be returning to pre-spike levels.

In November, the Mint sold 31,664 total ounces of gold. While not quite as low as January’s 23,174 ounces, it’s still less than half of October’s high of 66,951.

A total of 1,145,239 ounces of silver were sold last month. This represents a decrease of almost 66% in demand since September.

Perth Mint Bullion Sales - November 2015

Perth Mint Gold and Silver Sales, December 2014 – November 2015. Source: Perth Mint blog.

 

Hubert Walker
Hubert Walker
Hubert Walker has served as the Assistant Editor of CoinWeek.com since 2015. Along with co-author Charles Morgan, he has written for CoinWeek since 2012, as well as the monthly column "Market Whimsy" for The Numismatist and the book 100 Greatest Modern World Coins (2020) for Whitman Publishing.

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