Silver Kangaroo Coins – Sales Surge To Over 10 Million

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

Recent Market Updates

– Trump, Clinton, “Ugliest” Election Coming – Gold’s “Summer Doldrums” Prior To Resumption of Bull Market
– Gold Bullion Up 1.6%, Silver Surges 3.7% After Poor U.S. Data and Dovish Fed
– Marc Faber: Invest 25% Of Investment Portfolios In Gold Bullion
– “Could Not Invent A More Bullish Story For Gold Bullion”
– Gold In Bull Market – “Every Reason For It To Continue” – Frisby In Money
– Is Gold Set To Hit $1,500 Per Ounce?
– Why Italy’s bank crisis could be a ‘ticking time bomb’
– Gold Holds Near Two-Week Low as Risk Appetite Rises on U.S. Data
– IMF Scraps Forecast for Global-Growth Pickup on Brexit Fallout
– Gold, Trump and Rates: Bank That Foresaw Rally Flags $1,500
– Gold Lower After Central Bank’s Surprise Move
– “We Are On the Cusp of an Explosion in the Silver Price”
– Stocks Rally – Is Brexit Systemic Risks Contained?
– Britain has a new prime minister – here’s what that means for you

Mark O'Byrne

Also on news-goldcore-com

Videos

Episode 5 of The M3 Report with Steve St. Angelo

What we can Learn from the International Gold Market

Jim Rogers Interview 2022

Blog posts

Ross Geller inspires Bank of England policy

This morning the UK pound slumped as one of the world’s oldest central banks pressed hard on the panic button. The Bank of England was seen to be shouting ‘Pivot! Pivot! Pivaat!’ as they announced they would temporarily suspend their programme to sell gilts and will instead buy long-dated bonds.  In a statement, the bank […]

READ MORE

Episode 5 of The M3 Report with Steve St. Angelo

Is the energy crisis something that can be resolved? Was it always inevitable? Will renewable energy make it all OK? Are Western financial policies to blame? All this and more in today’s The M3 Report! If you’re not already subscribed to GoldCoreTV then click here right now to make sure you’re all set to watch the fifth […]

READ MORE

Brace Yourself for the Impact

Fed’s message this week – higher rates, lower economic growth, higher unemployment. The Fed hiked interest rates by 75 basis points for the third straight meeting and the statement said that the committee anticipates further increases. The Summary of Economic Projections (SEP) showed that the median projection is for a further 1.25% increase by yearend. […]

READ MORE

Featured

Rick Rule- Should You Invest In Gold 2022

READ MORE

Jim Rogers- The Worst Bear Market is Coming

READ MORE
Newsletter
Category
Archives
Popular

No posts available

Videos

Episode 5 of The M3 Report with Steve St. Angelo

What we can Learn from the International Gold Market

Jim Rogers Interview 2022

Blog posts

Ross Geller inspires Bank of England policy

This morning the UK pound slumped as one of the world’s oldest central banks pressed hard on the panic button. The Bank of England was seen to be shouting ‘Pivot! Pivot! Pivaat!’ as they announced they would temporarily suspend their programme to sell gilts and will instead buy long-dated bonds.  In a statement, the bank […]

READ MORE

Episode 5 of The M3 Report with Steve St. Angelo

Is the energy crisis something that can be resolved? Was it always inevitable? Will renewable energy make it all OK? Are Western financial policies to blame? All this and more in today’s The M3 Report! If you’re not already subscribed to GoldCoreTV then click here right now to make sure you’re all set to watch the fifth […]

READ MORE

Brace Yourself for the Impact

Fed’s message this week – higher rates, lower economic growth, higher unemployment. The Fed hiked interest rates by 75 basis points for the third straight meeting and the statement said that the committee anticipates further increases. The Summary of Economic Projections (SEP) showed that the median projection is for a further 1.25% increase by yearend. […]

READ MORE

Featured

Rick Rule- Should You Invest In Gold 2022

READ MORE

Jim Rogers- The Worst Bear Market is Coming

READ MORE