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Perth Mint Silver Coins Have Second Highest Monthly Demand

Commodities / Gold and Silver 2016 Apr 06, 2016 - 02:31 PM GMT

By: GoldCore

Commodities

The Perth Mint’s sales of silver coins and especially Silver Kangaroos surged again in March and saw the second highest levels of silver coin demand on record as silver buyers in the western world continue to accumulate silver at what they believe to be depressed silver prices.


Silver stackers continued to accumulate silver coins and bars and the new silver nugget or kangaroo coins (1 oz and 5 oz) saw very high levels of demand.

To keep up with very robust global demand, The Perth Mint has produced 7.5 million Australian Kangaroo 1oz silver bullion coins since it was released less than 8 months ago.

The first Australian bullion coin to be made from 99.99% pure silver, the iconic release comes with an innovative authentication feature in the form of a micro-laser engraved letter ‘A’. Representing exceptional value for money, the coin has attracted attention from investors around the world for whom the press is currently running flat-out according to the Perth Mint themselves.


Bullion buyers continue to accumulate and see silver at below $16 per ounce as great value vis a vis gold ($1,225 per ounce), stocks and many other investments. GoldCore can attest to that fact as we are seeing record demand for silver coins (now VAT free) in Ireland, the UK and EU

Gold Prices (LBMA)
6 April: USD 1,225.75, EUR 1,079.76 and GBP 868.38 per ounce
5 April: USD 1,231.50, EUR 1,083.59 and GBP 866.32 per ounce
4 April: USD 1,215.00, EUR 1,068.80 and GBP 854.58 per ounce
1 April: USD 1,232.10, EUR 1,080.69 and GBP 860.20 per ounce
31 Mar: USD 1,233.60, EUR 1,085.50 and GBP 857.62 per ounce

Silver Prices (LBMA)
6 April: USD 15.19, EUR 13.37 and GBP 10.69 per ounce (Not updated yet)
5 April: USD 15.19, EUR 13.37 and GBP 10.69 per ounce
4 April: USD 15.58, EUR 13.92 and GBP 10.99 per ounce
1 April: USD 15.58, EUR 13.92 and GBP 10.99 per ounce
31 Mar: USD 15.38, EUR 13.52 and GBP 10.68 per ounce

This update can be found on the GoldCore blog here.

Mark O'Byrne

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Disclaimer: The information in this document has been obtained from sources, which we believe to be reliable. We cannot guarantee its accuracy or completeness. It does not constitute a solicitation for the purchase or sale of any investment. Any person acting on the information contained in this document does so at their own risk. Recommendations in this document may not be suitable for all investors. Individual circumstances should be considered before a decision to invest is taken. Investors should note the following: Past experience is not necessarily a guide to future performance. The value of investments may fall or rise against investors' interests. Income levels from investments may fluctuate. Changes in exchange rates may have an adverse effect on the value of, or income from, investments denominated in foreign currencies. GoldCore Limited, trading as GoldCore is a Multi-Agency Intermediary regulated by the Irish Financial Regulator.

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