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 )