Buy Gold Bullion | Gold & Silver Bullion Sales Drop Sharply At Perth Mint and U.S. Mint ... | News2Gold

Buy Gold Bullion | <b>Gold</b> & Silver <b>Bullion</b> Sales Drop Sharply At Perth Mint and U.S. Mint <b>...</b> | News2Gold

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• <b>Gold</b> & Silver <b>Bullion</b> Sales Drop Sharply At Perth Mint and U.S. Mint <b>...</b>
• <b>Gold Bullion</b> International implements Ripple to <b>buy</b> digital physical <b>...</b>
• <b>Gold</b> Jumps 1.8%, Silver Eagle <b>Bullion</b> Coins Top 27M | Coin News

<b>Gold</b> & Silver <b>Bullion</b> Sales Drop Sharply At Perth Mint and U.S. Mint <b>...</b> Posted: 06 Aug 2014 03:56 AM PDT   Today's AM fix was USD 1,288.50, EUR 964.27 and GBP 765.23 per ounce. Yesterday's AM fix was USD  1,292.75, EUR  965.03 and GBP 765.71  per ounce. Gold fell $0.40 or 0.03% yesterday to $1,288.10/oz and silver slid $0.38 or 1.88% to $19.81/oz. Perth Mint Gold Bars Gold is marginally higher in London this morning but remains in a tight range between 1,287/oz and 1,292/oz. Trade remains lackluster and futures trading volume was 50% below the average for the past 100 days this morning, Bloomberg data show. Overnight gold in Singapore was marginally higher consolidating on the spike in gold seen in late trading in New York. Silver for immediate delivery rose 0.5% to $19.85 an ounce. Spot platinum was flat at $1,454.63 an ounce, while palladium added 0.2% to $851 an ounce. Gold remains in its summer doldrums despite the western world sleepwalking into another major conflict with Russia and potentially another World War. Gold is 7.5% higher this year partly on tensions in Ukraine and in the Middle East and the increasing risk of trade, economic and currency wars. The world's largest gold ETF, New York's SPDR Gold Trust <GLD>, reported its first outflow since July 24 yesterday, of 1.8 tonnes. Holdings fell 0.2% to 800.05 metric tonnes. This has taken its overall holdings back to just over 800 tonnes. Institutional money is being allocated to gold again as seen in the rising ETF numbers in recent weeks. In the physical markets, buying remained subdued in the seasonally quiet summer period. Premiums for gold bars in India remain depressed as they do in China. In top buyer China, local premiums to the global benchmark were steady near $3 an ounce. Premiums in other parts of Asia have also largely remained steady over the past several weeks. The Perth Mint's sales of gold and silver bullion fell to a three-month low in July, as increasing hope about global economic growth curbed appetite for the precious metal among some bullion buyers. The Perth Mint which was established in 1899, operates the only gold refinery in Australia, the world's second-biggest gold producer after China. Sales of gold coins and minted bars decreased by almost half to 25,103 ounces in July from the same period a year ago, the mint's data showed. Silver sales totalled 577,988 ounces last month. Gold and silver sales in July were the lowest since April. Period     Gold         Silver Jul-14       25,103       577,988 Jun-14       39,405       586,358 May-14       36,127       630,349 Apr-14       23,461       361,988 Mar-14       30,177       545,165 14-Feb       47,003       392,088 14-Jan       64,818       912,388 13-Dec    58,943.61    845,940.53 Nov-13    52,700.23    807,246.05 Oct-13    77,255.18    821,579.77 Sep-13    68,488.06    961,977.07 Aug-13    30,430.10    691,258.63 Jul-13    56,488.25    697,247.39 Jun-13    47,692.02    593,534.52 May-13    88,637.82    596,458.40 Apr-13   112,575.40  1,113,461.36 Mar-13    50,356.16    408,178.52 Feb-13    44,399.48    431,237.41 Jan-13    66,669.66    676,742.40 Dec-12    51,777.57    452,390.35 Nov-12    49,004.09    623,345.46 Oct-12    54,779.00    465,033.74 Sep-12    82,066.89  1,259,702.59 Aug-12    37,196.86    338,945.22 Jul-12    34,588.36    459,270.48 Source: The Perth Mint Note: Sales figures in ounces. Gold sales include coins and minted bars. Silver figures include only coins as the mint does not issue silver minted bars. Gold prices slipped over 3 % in July as some positive economic data may have reduced demand for gold despite rising geopolitical risk. Gold in US Dollars - 5 Years (Thomson Reuters) Data from the U.S. Mint showed that gold coin sales in July fell about 40% from a month ago. Gold and silver bullion coin buyers have secured their allocations and there is very little new entrants into the bullion market which  has contributed to falling demand recently. Gold and silver price match guarantee - Will match prices offered by bullion dealers internationally >> Bullion Coin And Bar Price Match Guarantee Average: Your rating: None

<b>Gold Bullion</b> International implements Ripple to <b>buy</b> digital physical <b>...</b> Posted: 30 Jul 2014 01:07 AM PDT By Leon Pick on July 30, 2014 in News Gold Bullion International (GBI) has announced its implementation of the Ripple protocol to electronically buy, sell and transfer physical gold. GBI is based in New York and facilitates the sale and storage of precious metals to investors. The company aims to streamline what has traditionally been a cumbersome and expensive process. Customers can order any amount of bullion online and aren't restricted to standard sizes. Ripple is a protocol that provides for the decentralized transfer of digital assets. Fidor bank reportedly implemented the protocol for low-cost funds transfers. In a press release, the company even goes as far as to term the implementation as a "digital, gold-backed currency" and "digital physical gold". It is traded under the "XAU" symbol. Savneet Singh, co-founder and head of the Digital Currency initiative at GBI, explained: "Investors can withdraw their XAU balance at any time and GBI will send the corresponding amount of physical gold. GBI allows those who prefer the security of a precious metals-backed currency to now buy digital units of that currency on Ripple with complete confidence in the security of their assets. This continues our movement into the digital currency world and we look forward to sharing future exciting announcements shortly." Clients will also be able to pay for goods and services with the new currency. TagsGBIgoldGold Bullion InternationalRipple Related Posts Jed McCaleb co-founds Stellar- a competitor to Ripple? By Leon Pick With the support of Stripe, a team of... Another launch of digital gold: Independence Coin created by bullion vault firm By Leon Pick The worlds of Bitcoin and gold seem to be... After Sponsoring NASCAR's Josh Wise, Provident Metals to Accept Dogecoin, Bitcoin, and Litecoin By Ron Finberg Following the sponsorship of NASCAR racer... Better than bitcoins-for-gold: Chinese Bitcoiner crafts physical bitcoins made of pure gold By Leon Pick We've heard of bitcoins-for-gold. A Chinese...

<b>Gold</b> Jumps 1.8%, Silver Eagle <b>Bullion</b> Coins Top 27M | Coin News Posted: 06 Aug 2014 02:23 PM PDT U.S. Mint sales of American Silver Eagle bullion coins topped 27 million for the year. Demand for the coins this week is the strongest in three months. Gold rallied 1.8% Wednesday, closing higher for the first time since Friday and ending above $1,300 an ounce for the first time since July 28. Gold for December delivery surged $22.90 to settle at $1,308.20 an ounce on the Comex division of the New York Mercantile Exchange. Rising tensions between Ukraine and Russia boosted safe haven demand, opined analysts. "Gold is getting the fear bid," Charlie Bilello, director of research who helps oversee $220 million of assets at New York-based Pension Partners LLC, said in a telephone interview according to Bloomberg News. "Concern about a correction in the equity market is also bringing some people to gold." Gold prices ranged from an intraday low of $1,288.50 to a high of $1,311. Prices declined 0.3% during the prior session for a fifth loss in six sessions. Silver advanced for the first time in five sessions with the September contract up 19 cents, or 1%, to $20.02 an ounce. Silver traded between $19.77 and $20.14. In other precious metals: October platinum tacked on $9.30, or 0.6%, to $1,465.20 an ounce, ranging from $1,451.20 to $1,467.10. Palladium for September edged up 55 cents to $848.90 an ounce, trading between $840.35 and $850.90. London Fix Precious Metals Earlier fixed London precious metals were mixed. In contrasting the London bullion fix prices from Tuesday PM to Wednesday PM: Gold gained $21.75, or 1.7%, to $1,306.50 an ounce, Silver lost 42 cents, or 2.1%, $19.78 an ounce, Platinum rose $3, or 0.2%, to $1,457 an ounce, and Palladium added $2, or 0.2%, to $845 an ounce US Mint Bullion Coin Sales in August U.S. Mint bullion coin sales have advanced each day this week, notching gold and silver totals that are already sharply higher than last week. In the notable column, American Silver Eagles turned up 380,000 for 955,000 on the week so far, the most sold in a week since the one ended May 9. They also hurdled 27 million for the year to maintain a pace that is the second quickest in the coin's 29-year history. Silver Eagle sales in record year 2013 had topped 30.2 million through Aug. 6, 2013. Sales of the silver coins had been on a record annual pace this year until the slowdowns in June and July. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of bullion coins sold on Wednesday, last week, this week so far, last month, the month so far, and the year to date. American Eagle and Buffalo Bullion Sales (# of coins) Wednesday Sales Sales Last Week Current Sales Week July Sales August Sales YTD Sales $100 American Platinum Eagle Bullion Coins 0 0 0 0 0 12,900 $50 American Eagle Bullion Gold Coins 2,000 1,500 8,500 26,000 8,500 233,000 $25 American Eagle Bullion Gold Coins 0 0 0 0 0 27,000 $10 American Eagle Bullion Gold Coins 0 0 2,000 6,000 2,000 80,000 $5 American Eagle Bullion Gold Coins 0 0 5,000 25,000 5,000 390,000 $50 American Buffalo Bullion Gold Coins 500 0 2,000 5,500 2,000 119,000 $1 American Eagle Silver Bullion Coins 380,000 335,000 955,000 1,975,000 955,000 27,058,500 Great Smoky Mountains National Park 5 Oz Silver Bullion Coins 0 0 0 500 0 29,500 Shenandoah National Park 5 Oz Silver Bullion Coins 0 0 0 0 0 20,000 Arches National Park 5 Oz Silver Bullion Coins 0 0 0 1,500 0 20,000

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