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Australia’s Perth Mint Silver Bullion Sales Surge In 2020

Australia’s Perth Mint Silver Bullion Sales Surge In 2020

With the newest update just released, Perth Mint silver bullion sales surged in the first three quarters of 2020.  And, for the first time in many years, the Perth Mint sold more than two million oz of silver bullion in a single month this year.  The official silver coins produced by the Perth Mint are the Silver Kangaroo, Koala, and Kookaburras.

Not only are the Perth Mint’s silver bullion sales up significantly this year, but gold bullion sales are also up a stunning 160% higher than the same period last year (info from CoinNews.net).  The Perth Mint sold 579,644 oz of gold bullion Jan-Sep this year versus 223,821 oz in 2019.

According to the data published on CoinNews.netPerth Mint silver bullion sales for Jan-Sep increased to 13.1 million oz compared to 7.8 million oz during the same period last year.  That’s a 68% increase year-over-year.

Furthermore, U.S. Mint Silver Eagle sales of 24.5 million oz are up 66% compared to the 14.8 million sold for Full-Year 2019.  So, with two more months remaining in the year, there is a good chance that Silver Eagle sales will reach 28-29 million, nearly double what they were in 2019.

I will update the Royal Canadian Mint’s Silver Maple and billion sales in an upcoming article.

With demand for physical silver bullion up significantly this year, along with the global Silver ETFs, if we see another year like this in 2021, watch out for much higher prices.

How Much Silver Bullion Was Sold By The Top Three Official Mints So Far This Year?

How Much Silver Bullion Was Sold By The Top Three Official Mints So Far This Year?

The top three official mints sold a great deal of retail silver bullion products in the first half of 2020.  However, the sales figure could have been a great deal higher if the various government mints weren’t forced to shut down production.  The top three official mints in retail silver bullion sales are the U.S. Mint, Royal Canadian Mint, and the Perth Mint.

According to the data from the 2020 World Silver Survey, for last year’s figures, the Royal Canadian Mint sold 25.8 million oz (Moz) of silver bullion products, followed by the U.S. Mint at 19.5 Moz and the Perth Mint with 12.7 Moz.  The majority of the 19.5 Moz of U.S. Mint silver bullion products sold last year were from the 14.9 Moz of Silver Eagles and 1.5 Moz of the Five-ounce American The Beautiful Silver Coins with the remainder in Silver Eagle Proofs, collectibles, and various numismatic coins.

However, both the Royal Canadian Mint and the Perth Mint also sell silver bars.  The Royal Canadian Mint sells 10 oz, 100 oz, and kilo silver bars besides its Silver Maples and various other official silver coins and numismatics.  Unfortunately, since 2015, the Royal Canadian Mint no longer provides the sales figures for its Silver Maples.  I will contact the Royal Canadian Mint to see if they will provide this data.

Regardless, if we look at the first half of 2020, here is the increase in silver bullion products from these top three official mints.

In the first six months of 2020, these top three official mints sold 34.9 Moz of silver bullion products versus 24.1 Moz during the same period last year.  That turns out to be 10.8 Moz more silver bullion products sold 1h 2020, or 45% higher than during 1H 2019.

…click on the above link to read the rest of the article…

Luke Gromen–Oil Cartel Siding With China Can Destabilize The Petrodollar

LUKE GROMEN – OIL CARTEL SIDING WITH CHINA CAN DESTABILIZE THE PETRODOLLAR


SBTV picks the mind of Luke Gromen, founder of Forest For The Trees LLC, about an impending dollar crisis and what likely scenarios can destabilize the petrodollar in the coming years. We also asked him what his ideal monetary system would be if he got to choose it.

Discussed in this interview: 
05:08 Why a dollar crisis is coming?
12:14 US dollar still the center of the world?
13:07 Gold is wanted as a global neutral reserve asset.
14:35 Saudis’ view of the Petro-dollar
23:10 A world where oil is priced in multiple currencies
28:33 No credible reserve currency alternatives to the dollar?
31:29 Bancor: A suitable replacement for the dollar standard?
34:08 How should investors navigate the impending dollar crisis?

Frank Homes–Peak Gold is Here: No Major Gold Discoveries and Falling Exploration Dollars

FRANK HOMES – PEAK GOLD IS HERE: NO MAJOR GOLD DISCOVERIES AND FALLING EXPLORATION DOLLARS


SBTV speaks with returning guest Frank Holmes, CEO and Chief Investment Officer of US Global Investors, about gold. Has gold production plateaued and are there less capital invested in gold exploration? Frank shares his insights to both questions.

Discussed in this interview:

02:43 Disappointment in gold’s performance in 2018?
03:49 Outlook for gold in 2019
06:02 Peak gold: Discoveries and exploration dollars
11:53 Impact of the Newmont-Goldcorp merger on the gold market
12:54 Stock markets due for correction in 2019?
15:09 US & China: Who needs each other more?
18:49 Is the future of cryptocurrencies still bright?
24:06 Impact of bear market on HIVE Blockchain

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