Perth Mint silver sales hit a high

Jon Blogosphere, Gold, Market Commentary, Precious Metals, Silver

The Perth Mint’s sales of silver coins hit a seven-month high in August as the metal’s sharpest price drop in five months attracted buyers, while gold sales also rose. The Perth Mint runs the only gold refinery in Australia, the world’s second-biggest gold producer after China. Silver coin sales totalled 818,856 ounces last month, compared with 691,258.63 ounces in the same period last year, data available on the mint’s website showed. The monthly sales were the highest since January as silver prices fell nearly 5 percent in August – the biggest monthly drop since March.

This post was published at TruthinGold on September 8, 2014.