In the third quarter of 2015, demand for bars and coins sky-rocketed as global investors were eager to grab a bargain whilst metal prices remained low.
This phenomenal surge didn’t go unnoticed at The Perth Mint, with more than 2.7 million of its new Australian Kangaroo 1oz silver bullion coins selling out in record time ahead of its official launch in September.
In contrast to the interest in coins, Exchange Trade Fund (ETF) gold holdings declined during the quarter, reflecting their predominately professional investor ownership. Silver ETF holdings, however, held up, which is a result of their mostly retail ownership.
The Perth Mint has joined us as a major partner to promote the critical role the precious metal sector plays in the Western Australian economy.
Perth Mint Chief Operating Officer David Woodford said The Perth Mint is proud to partner with the Gold Industry Group representing the interests of gold producers, explorers, prospectors and suppliers to the trade.
“We welcome this opportunity to partner with the Gold Industry Group to further the understanding of the broader gold industry, the drivers of demand for physical gold, and the forces shaping the current market.”
ABC Bullion is very passionate about profiling gold as an investment and as an asset class in its own right. A particularly savvy method to invest in physical gold is through a permanent portfolio. ABC Bullion's Chief Economist Jordan Eliseo tells us why.
