No silver shortage at The Perth Mint
As Australia’s leading precious metals refinery, we can assure you there is no shortage of silver.
Perthmint States No Silver shortages - Laugh My Arse Off
- Thread starter SilverBags
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- silver silver shortage
Admitting there is a shortage would trigger panic.
How is a shortage defined?
Is it based on the amount of silver they have in the vault, or the amount coming in vs going out?
If they're at full production capacity and can't keep up, I'd assume there is more going out the door than coming.
I'd call that a shortage even if they still have a fair bit in the vault.
How is a shortage defined?
Is it based on the amount of silver they have in the vault, or the amount coming in vs going out?
If they're at full production capacity and can't keep up, I'd assume there is more going out the door than coming.
I'd call that a shortage even if they still have a fair bit in the vault.
If they had any Silver in ( small product ) production they would have it listed For Sale.
I don't know of any Biz that produces product then doesn't list it For Sale ?
If as the Perth Mint proclaims " As Australia’s leading precious metals refinery, we can assure you there is no shortage of silver, it just isn’t in the specific forms being requested by our customers which is putting pressure on manufacturing operations ".
Just a BullShit way of saying that large ( Industrial ? ) buyers are priority as the have committed relationships with then & retail/small scale buyers will just have to Wait/Suck it up
"it isn’t in the specific forms being requested by our customers". Could mean they have a million tons of it, but it's still in the ground.
Perth Mint :- yes, we have billions of ounces. ( The Miners just haven't dug it out of the ground, for us, yet )
Perthmints new update
Temporary pause on new silver bullion orders
Unprecedented bullion demand is resulting in early queue closures.
www.perthmint.com
Temporary pause on new silver bullion orders
Unprecedented bullion demand is resulting in early queue closures.
Latest notices | The Perth Mint
The Perth Mint may change opening times and delivery time estimates at short notice. Check latest notices
High demand for products
Due to high demand for our products, we are experiencing delays in order processing and dispatch (including Click & Collect). In addition, our enquiry volumes are higher than usual, resulting in longer response times across the business including Customer Operations, Depository, in-store and online.Temporary pause on new silver bullion orders
Due to unprecedented demand, we are temporarily pausing new silver bullion orders via our website and phone for delivery and/or Click & Collect.My BULLSHIT Meter just spiked to 100%Perthmints new update
Temporary pause on new silver bullion orders
Unprecedented bullion demand is resulting in early queue closures.
Latest notices | The Perth Mint
The Perth Mint may change opening times and delivery time estimates at short notice. Check latest noticesHigh demand for products
Due to high demand for our products, we are experiencing delays in order processing and dispatch (including Click & Collect). In addition, our enquiry volumes are higher than usual, resulting in longer response times across the business including Customer Operations, Depository, in-store and online.
Temporary pause on new silver bullion orders
Due to unprecedented demand, we are temporarily pausing new silver bullion orders via our website and phone for delivery and/or Click & Collect.
Its kinda true though? All silver pumping mediated messengers explicitly state the burgeoning demand that the global technate requires to transform this earth into their saturnalian prison planet, and fulfill their apocalyptic fetishes. So surely if there is a deficit then behind the scenes the usurers goons (military) and a.i (military) will indeed take the silver available.
It only makes sense that silver is not being made available to collectors.
It only makes sense that silver is not being made available to collectors.
there was a $20,000 minimum purchase for online dealer in SG, when price move from 120+ to 64+; not easy to order for season stackers. (wow what a discouragement there). even during the Chinese New Year holidays weeks, the opportunity to buy are not easy... waiting for the dip;
but prices are no where near the pull back. Many items are pre-sales 2-3 weeks wait.
but prices are no where near the pull back. Many items are pre-sales 2-3 weeks wait.
What's really crazy is that things haven't even started getting legit crazy.
I mean, is the general public wanting to buy gold or silver?
That they aren't says to me there's enormous upside potential in the future.
However the recent stress in the system also screams that the industry won't be able to handle that demand. They can't even handle the demand from the small percentage of the population that increased their demand. And let's be honest. $150 to secure one physical ounce of silver is in the range of Joe Average but at that price they're buying one maybe two ounces, not 5 - 10 ounces any pay cycle.
What that means for a future where every man and his dog is demanding physical gold and silver I'm unsure. Michael from BN said in the latest live stream that some dealers closed their doors they were being so inundated with demand. When there's unruly mobs outside their doors ??
I mean, is the general public wanting to buy gold or silver?
That they aren't says to me there's enormous upside potential in the future.
However the recent stress in the system also screams that the industry won't be able to handle that demand. They can't even handle the demand from the small percentage of the population that increased their demand. And let's be honest. $150 to secure one physical ounce of silver is in the range of Joe Average but at that price they're buying one maybe two ounces, not 5 - 10 ounces any pay cycle.
What that means for a future where every man and his dog is demanding physical gold and silver I'm unsure. Michael from BN said in the latest live stream that some dealers closed their doors they were being so inundated with demand. When there's unruly mobs outside their doors ??
