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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)

Silver kangaroo coins have seen sales surge to over 10 million coins which is double the expected demand for the year. 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. - Click to enlarge

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.”

AUSTRALIAN

Silver kangaroo coins have seen sales surge to over 10 million coins which is double the expected demand for the year. 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. - Click to enlarge

“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)

Silver Kangaroo Coins - Sales Surge To Over 10 MillionCall 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

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– “Could Not Invent A More Bullish Story For Gold Bullion”
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– 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”
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– Britain has a new prime minister – here’s what that means for you

Full story here
About GoldCore
GoldCore
GoldCore.com was founded in 2003 and has become one of the leading bullion brokers in the world for both delivery and storage. ► GoldCore are international bullion dealers and have over 4,000 clients in over 40 countries, with over $205 million in assets under management and storage. ► We help investors, individual to institutional, to protect and grow their wealth with the provision of the safest forms of precious metals ownership - allocated physical gold, silver, platinum and palladium bullion coins and bars. We offer mass affluent, pension owners, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong and Perth. ► Our bullion trading platform is one of the most sophisticated and safest in the industry. The bullion bars are individually allocated & segregated under direct client control and ownership of the client. Bullion is owned in ultra-safe vaults strictly outside the global banking system, greatly reducing counter party risk.
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