Perth Mint records highest annual sales for gold in 10 years
- The Perth Mint sold 54,861 troy ounces of gold and 1,733,293 troy ounces of silver in minted product form during December.
- Across 2021, The Perth Mint sold a record 1,050,242 troy ounces of gold, the highest figure for any calendar year in the last decade.
- The Perth Mint Depository holdings of gold and silver were flat during December, with gold +4% for the year and +42% over the past three years.
- The Perth Mint’s ASX listed ETF, ASX:PMGOLD, saw minor inflows, with total holdings ending 2021 at an all-time high.
Manager, Listed Products and Investment Research, Jordan Eliseo said:
“Gold prices recorded a modest rise during December, with the precious metal ending 2021 trading just above USD 1800 per troy ounce. For the year as a whole, gold was -4% in USD terms, as one of the best years for equity markets, combined with a strong US dollar and a rapid bounce back in economic growth all weighing on precious metal prices.
“Despite these headwinds, demand was robust, evidenced through physical bar and coin purchasing, a recovery in consumer demand and strong central bank purchasing, with the global gold ETF market the only weak sector in 2021.”
The Perth Mint sold 54,861 troy ounces of gold and 1,733,293 troy ounces of silver in minted product form during December.
Jordan Eliseo said: "The Perth Mint generated record sales of gold in 2021, with more than 1 million ounces of gold and more than 19 million ounces of silver in minted product form sold over the year.”
Troy ounces of gold and silver sold as coins and minted bars December 2018 to December 2021
The Perth Mint manufactures and markets the Australian Precious Metal Coin and Minted Bar program. Trusted worldwide for their purity and weight, the coins include annual releases of the renowned Australian Kangaroo, Kookaburra, Koala and Lunar series. For more product information visit our Bullion page.
The Perth Mint Depository
Total precious metal holdings in The Perth Mint Depository were flat during December. Over the last 12 months, total holdings of gold increased by 4%, while silver holdings were flat. Since the end of 2018, holdings of the two metals have increased by 42% (gold) and 16% (silver), with the strong growth evident in the chart below.
Total troy ounces of gold and silver held by clients in The Perth Mint Depository June 2018 to December 2021
The Perth Mint Depository enables clients to invest in gold, silver and platinum, with The Perth Mint storing this metal in its central bank grade vaults. Operated via a secure online portal, a Depository Online Account allows investors to buy, store and sell their metal 24/7. For further information visit our Depository page.
Perth Mint Gold (ASX:PMGOLD)
Perth Mint Gold (ASX:PMGOLD) saw minor inflows during December, with total holdings increasing by just over 700 troy ounces of gold (+0.3%) with total holdings ending the year at an all-time high.
Jordan Eliseo confirmed: "At the end of 2021, total holdings of Perth Mint Gold (ASX:PMGOLD) were 243,430 ounces - the highest in the ETP's history."
Monthly change in troy ounces held by clients in Perth Mint Gold (ASX:PMGOLD) January 2015 to December 2021
Source: The Perth Mint, ASX, World Gold Council
The total value of PMGOLD holdings ended the year at AUD 609 million, with the AUD gold price sitting just above AUD 2,500 per troy ounce.
Gold records annual fall despite December rally
Despite the small rally, gold experienced a 4% decline in US dollar terms, its first calendar year decline since 2018.