Silver
kangaroo coins have seen sales surge to over 10 million coins which is
double the expected demand for the year.
Silver Kangaroo Coins 1 oz (2016)
Introduced to the market less than 11 months ago in September 2015 at a
launch attended by GoldCore, sales of the new release Perth Mint’s 2016
Australian Kangaroo 1 ounce silver bullion coin were anticipated to reach 5
million coins in their introductory first year. Yet sales of the silver
coins have already surged to a whopping 10 million coins.
Commenting on the new silver coin’s worldwide success, the CEO of the
Perth Mint, Richard Hayes said:
”Now that we can better gauge the popularity of the release, we
predict sales in excess of 12 million this coming year.”
The Kangaroo coin is 0.9999 fine silver and it is only available in the 1
ounce size, unlike the Perth Mint’s other bullion coins which range in
weights from 1/2 ounce to 10 kilograms. The 1 ounce weight was specifically
selected for the new annual series because investors and silver stackers
favour the size.
“These issues sell out of their limited mintages consistently each
year,” the Mint said. “With this in mind, the Silver Kangaroo was
issued in a 1 ounce weight only and to an unlimited mintage.”
Added as a counterfeiting measure, the first A of AUSTRALIAN
includes a micro-engraved ‘A’ that shows up under magnification
“We made sure that the new Kangaroo satisfies investors’ key aims — to
secure an asset which features an Australian icon — to secure silver at an
affordable price — to add 9999 fine silver to their portfolio — and to stack
precious metals in convenient one ounce coins,” Hayes said.
Bullion buyers and silver “stackers” in particular continue to accumulate.
They see silver at below $30 per ounce as good value vis a vis gold ($1,360
per ounce), stocks and many other investments. Many believe, like GoldCore,
that silver will surpass $50 per ounce again and should reach levels above
$100 per ounce given the very favourable fundamentals of very little supply
and robust demand.
Discounted Bullion For Storage (Allocated and Segregated) In
London, Zurich and Singapore
London
Gold Bars (1 oz)
Zurich
Gold Bars (1 oz)
Gold Krugerrands (1 oz)
Silver Bar (1051.2 oz Engelhard)
Platinum Eagle (1 oz)
Singapore
Gold Bars (1 oz)
Gold Eagles (1 oz)
Silver Maples (1 oz)
Silver Eagles (1 oz)
Silver Bars (100 oz)
Call for discounted prices +353 1 632 5010 (IRL)
+44 (0) 203 086 9200 (UK) +1 302 635 1160 (US/ Canada)
Gold and Silver Bullion – News and Commentary
Gold
Set to Extend Gains – Industry Says (Bloomberg)
Gold
Prices Gain in Quiet Trade (WSJ)
Silver
futures closes at 2-year high; gold ends up (Marketwatch)
Gold
steady as U.S. rate hike expectations cool (Reuters)
Indians
plow 2.95 tonnes of gold into banks (Mining)
Gold Prices (LBMA AM)
02 August: USD 1,358.15, EUR 1,213.10 & GBP 1,025.13 per ounce
29 July: USD 1,332.50, EUR 1,200.18 & GBP 1,012.03 per ounce
28 July: USD 1,341.30, EUR 1,208.78 & GBP 1,017.64 per ounce
27 July: USD 1,320.80, EUR 1,200.21 & GBP 1,007.77 per ounce
26 July: USD 1,321.25, EUR 1,199.56 & GBP 1,006.40 per ounce
25 July: USD 1,315.00, EUR 1,196.91 & GBP 1,000.32 per ounce
22 July: USD 1,323.20, EUR 1,199.22 & GBP 1,005.10 per ounce
Silver Prices (LBMA)
02 August: USD 20.71, EUR 18.51 & GBP 15.65 per ounce
29 July: USD 20.04, EUR 18.03 & GBP 15.20 per ounce
28 July: USD 20.41, EUR 18.42 & GBP 15.52 per ounce
27 July: USD 19.58, EUR 17.81 & GBP 14.95 per ounce
26 July: USD 19.68, EUR 17.89 & GBP 15.00 per ounce
25 July: USD 19.41, EUR 17.66 & GBP 14.77 per ounce
22 July: USD 19.70, EUR 17.87 & GBP 15.03 per ounce
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