EDITOR'S NOTE: Perth Mint silver sales soared to the second-highest all-time high on record in January: a whopping 2,387,165 ounces in coin and bar sales. Silver sales are up 105% year over year. So, what’s going on? For starters, silver has been one of the more underappreciated and overlooked assets this past year. Yet its monetary value as a safe haven, and its industrial value as a critical element in solar, electric, and other green energy enterprises remain solid. What’s there not to see as a promising long-term investment, considering inflation and the perpetual march of clean energy developments? The Kitco piece below details the transactional stats of this remarkable surge. The investment side of it is something you have to decide for yourself. Below’s a good starter for your continuing research into this unique “hybrid” monetary-industrial asset.
Perth Mint silver bullion sales rank second all-time in January. The Mint’s silver sales soared to the second-highest monthly level on record. January Perth Mint sales of minted silver coins and silver bars totaled 2,387,165 ounces, scoring gains of 37.7% from December and 105.3% from January 2021. The Mint’s only better month for silver sales was September 2015 at 3,349,557 ounces. Now ranking third and fourth highest are April 2020 at 2,123,121 ounces and February 2021 at 1,830,707 ounces.
Perth Mint sales of minted gold coins and gold bars reached 66,709 ounces in January, rising 21.6% from December but falling 12.3% from January 2021. For some historical perspective and attesting to a strong 2021 and recent sales, the Mint’s top three months for gold bullion are March 2021 at 130,730 ounces, February 2021 at 124,104 ounces, and April 2020 at 120,504 ounces.
Perth Mint bullion sales from January 2021 to January 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 published approximated sales data for March. Specifically, the Mint stated that during March it shipped "more than 130,000 troy ounces of gold and almost 1.6 million troy ounces of silver." Later data placed March 2021 gold sales at 130,730 ounces.
Originally Posted on Kitco