Gold Sales: Rising Along With Silver at Perth Mint

Here at The Gold Enthusiast, we like numbers. So while it’s short, we loved the Perth Mint releasing their monthly figures for both silver and gold sales, going back two years.  

The figures clearly show how variable sales are, with precious little on offer for those wanting to see clear trends.  Take the month of March in the past three years. In 2018, gold sales at the Perth Mint were 29,883 oz. In 2017 the figure was 22,232.  In 2016, it was a whopping 47,948.

All we can really say that could help us today is that gold sales these past two months have been up compared to the same months last year.  Silver sales for the past two months are up even more compared to last year. Silver hasn’t done as well as gold price-wise the past few months, leading some to speculate that we could see a rebound in silver prices soon.  

The Gold Enthusiast doesn’t like to go on the record with silver predictions, having been caught out by silver more than once in the past. You can see the sales figure chart from the Perth Mint at today’s featured article here.

 Related: World Gold Demand is Shifting – Here’s What You Should Know.

About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as a continuing theme. Mike graduated from UC Berkeley with a business degree, then worked with Macy's in their operations arm. He left Macy's and spent a summer trading his own account, which taught him a lot about trading in general and markets in particular. Trading through the Black Monday and the Crash of 1987 showed him how most people are unprepared for upheavals in their trading. He then joined Waddell & Reed as a financial advisor, helping regular people understand their finances and meet their life goals.

Then came the usual story - Mike met and married the lady of his dreams. They moved to upstate New York, where Mike worked first for a small manufacturing consulting company, then Cornell University. While loving the work and the higher-education atmosphere, Mike missed the world of finance. Eventually, he signed up for stock trading coaching with the Adam Mesh Trading Group, to learn from people who understood modern markets. Within a year, Adam asked Mike to become a stock trading coach.

Since then, Mike has trained over 200 individuals, spoke at several national conventions, and is a frequent contributor to conference calls across the Adam Mesh community. Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keep him in touch with "the student mindset". Mike closely follows the gold, energy, and financial sectors. His motto is "Plan your trade, then trade your plan!"

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