The Australian Mint (The Perth Mint) reported a significant drop in gold sales in May of this year in 2019. This decline has not been observed for many years. Only 11,000 ounces of gold was sold.
According to The Perth Mint, in May of this year, the demand for investment gold from the Australian Mint has been at its lowest level in recent years. From the data it follows that in May 2019 only 10,790 ounces of gold were sold. Compared to May 2018, the drop in demand was -27%, and compared to April 2019, the decline was -46%. It turns out that May 2019 was the worst month for the sale of gold since 2011.
As for silver, its sales amounted to 681,582 ounces - an increase of + 22% compared with May 2018, but a decrease of -24% compared with April 2019
Since the beginning of the current 2019, the Australian Mint was able to realize 117.251 ounces of gold, which is -7% less than the same period of 2018. Silver was sold in the first 5 months of the current year in the amount of 3.936.784 ounces, which is -3% less than the same period 2018.