Silver stackers continued to accumulate silver coins and bars and the new silver nugget or kangaroo coins (1 oz and 5 oz) saw very high levels of demand.
To keep up with very robust global demand, The Perth Mint has produced 7.5 million Australian Kangaroo 1oz silver bullion coins since it was released less than 8 months ago.
The first Australian bullion coin to be made from 99.99% pure silver, the iconic release comes with an innovative authentication feature in the form of a micro-laser engraved letter ‘A’. Representing exceptional value for money, the coin has attracted attention from investors around the world for whom the press is currently running flat-out according to the Perth Mint themselves.
Bullion buyers continue to accumulate and see silver at below $16 per ounce as great value vis a vis gold ($1,225 per ounce), stocks and many other investments. GoldCore can attest to that fact as we are seeing record demand for silver coins (now VAT free) in Ireland, the UK and EU.
Gold Prices (LBMA)
6 April: USD 1,225.75, EUR 1,079.76 and GBP 868.38 per ounce
5 April: USD 1,231.50, EUR 1,083.59 and GBP 866.32 per ounce
4 April: USD 1,215.00, EUR 1,068.80 and GBP 854.58 per ounce
1 April: USD 1,232.10, EUR 1,080.69 and GBP 860.20 per ounce
31 Mar: USD 1,233.60, EUR 1,085.50 and GBP 857.62 per ounce
Silver Prices (LBMA)
6 April: USD 15.19, EUR 13.37 and GBP 10.69 per ounce (Not updated yet)
5 April: USD 15.19, EUR 13.37 and GBP 10.69 per ounce
4 April: USD 15.58, EUR 13.92 and GBP 10.99 per ounce
1 April: USD 15.58, EUR 13.92 and GBP 10.99 per ounce
31 Mar: USD 15.38, EUR 13.52 and GBP 10.68 per ounce
Gold News and Commentary
Royal Canadian Mint: First Ever $1 Million Face Value Gold Coin for Sale (Coin Week)
Gold Rises Most in a Week as Equities Drop Boosts Haven Demand (Bloomberg)
Gold keeps gains on safe-haven demand as stocks tumble (Reuters)
U.S. trade data points to weak first-quarter growth (Reuters)
ICBC Standard Bank reclassified as LBMA market maker (Bullion Desk)
Gold is the best way to shield your portfolio from a recession (Fox Business)
China, Russia preparing for next crisis by buying gold – Rickards (Marketwatch)
Gold – Still the Best Insurance (WSJ)
Mystery Buyer Of US Treasurys Revealed (Zero Hedge)
“Markets Are Being Destroyed” (Bloomberg)
Read More Here
‘7 Real Risks To Your Gold Ownership’ – Must Read Gold Guide Here
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