Perth - Australia's Capital City Of Gold

IMG Auteur
Published : May 02nd, 2013
328 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Market Analysis

IN THE NEWS

Name the things that influence your perception of Perth and beautiful weather, fine wine, sand and surf probably spring to mind.  

But Australia's fourth largest city can also claim to be one of the world's most important centres for gold.

According to The Perth Mint's Bron Suchecki, it's something that a lot of people don't realise about "little old Perth".

Earlier today, Bron highlighted some of Perth's golden credentials on ABC 720's Breakfast Show with Eoin Cameron (listen here).

Following up Bron's thought, here's a list of compelling reasons why Perth should be considered a top city for gold.


Picture: JJ Harrison 

Nine reasons why Perth really is Australia's golden city 

Did you know?

  The Western Australian capital became the home of Australia's official bullion coin program when the Federal Government officially licenced the historic Perth Mint as exclusive manufacturer in 1986.

  Last year alone, the Mint made and sold internationally nearly 4.2 million coins from pure gold, silver and platinum.

  Around 90% of the Mint's turnover is generated from exports of bullion, making it one of Western Australia's largest exporters.

  Australia is the world's second largest gold producer, but Western Australia dominates production with huge open cut mines including Kalgoorlie and Boddington, both convenient to Perth.

  The Perth Mint refinery is the largest precious metal refining operation in the Southern Hemisphere.

  It processes Australia's entire gold mine output, around 300 tonnes annually worth about $15 billion.

  About $3.5 billion of bullion is managed by The Perth Mint's depository.

  This precious metal is held securely on behalf of investors from America (50%), Australia (25%) and Asia/Europe (25%), who value Perth's reputation as a safe and secure location for their assets.

  In 2012, Perth made international headlines when skilled craftsmen and women at the Mint successfully created the world's largest legal tender coin - a solid gold Australian Kangaroo that weighed in at just over one tonne.

Data and Statistics for these countries : Australia | All
Gold and Silver Prices for these countries : Australia | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
The Fed Is Confused about What Drives Inflation
18 Octneville
Hi Frank, Thanks for your article.......The fact of the matter is that LIES LIKE EVERYTHING ELSE DRIVES INFLATION , which as it so happens is 'THE'...
What kind of person runs for public office ?
17 OctThemis1
I liked the use of the self-actualization chart within the context of politicians and their motives. It probably applies to many in Hollywood as w...
The Silliness of the Bretton Woods Years
16 OctThe Recusant
KUDOS! The book is anti-gold slanted throughout and subtly mocks those that value gold as seen in that silly Las Vegas Golden Rooster tale. As I pr...
The Future (Not)
14 OctS W.-1
I have it on good authority that the Aliens living in Antarctica have discovered a way of turning Ice into Oil. All we have to do to secure ou...
Betrayal!
09 OctThemis1
I agree 100% with all the points you made. You have summarized my own anger and the reasons for it. My only consolation is that I believe the eli...
A silver price-suppression theory gets debunked
07 OctDoom
I think he linked the wrong article, because there's minimal facts and logic there relevant to price suppression. It's a shame, because I really wo...
Light It Up
07 OctThemis
I keep wondering whether the US is fermenting a war with North Korea so as to indirectly draw China in and delay implementation of the yuan-for-oil...
One Nation Under Gold (2017), by James Ledbetter
05 OctThe Recusant1
Sadly, I too hoped for a more even-handed assessment of gold in our economic history. The book IS biased and by the time I got to the 20th century ...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS