ABC's spot price is almost $7 above actual spot. $144 they're asking for a 1oz kangaroo. That's $26 above spot! It wasn't that long ago you couldn't sell your silver for $26.
Even their kilo bars work out to be $17 over spot. In 2020 silver dipped down to $19 AUD spot price. Kilo bars were $600. It really goes to show how long silver was held down for, and just how absurd the price was for almost a decade since the last major bull run of 2011
ABC's inconsistent spot price is rather telling. They go from 30 cents to almost $7 over actual spot. All other bullion dealers maintain a healthy spot price margin that doesn't deter their customers. There's been a shift in ABC's business model which started with them pricing their 1oz kangaroo coins at a much higher level than any other government minted coin on their website (I speculate this was an agreement made with Perth Mint, as ABC would've been the largest re-seller of kangaroos prior to the price hike). I can't shake the feeling they've been financially incentivised to deter investment in silver to boost available supply for other entities. It seems crazy to say this but nothing about what they're doing makes sense from a Bullion dealer perspective, but makes total sense for a global refiner who's been contracted to supply silver to the wholesale market. The question remains: Who is getting their supply? The LBMA, COMEX, SHANGHAI ... Or all of the above?
Even their kilo bars work out to be $17 over spot. In 2020 silver dipped down to $19 AUD spot price. Kilo bars were $600. It really goes to show how long silver was held down for, and just how absurd the price was for almost a decade since the last major bull run of 2011
ABC's inconsistent spot price is rather telling. They go from 30 cents to almost $7 over actual spot. All other bullion dealers maintain a healthy spot price margin that doesn't deter their customers. There's been a shift in ABC's business model which started with them pricing their 1oz kangaroo coins at a much higher level than any other government minted coin on their website (I speculate this was an agreement made with Perth Mint, as ABC would've been the largest re-seller of kangaroos prior to the price hike). I can't shake the feeling they've been financially incentivised to deter investment in silver to boost available supply for other entities. It seems crazy to say this but nothing about what they're doing makes sense from a Bullion dealer perspective, but makes total sense for a global refiner who's been contracted to supply silver to the wholesale market. The question remains: Who is getting their supply? The LBMA, COMEX, SHANGHAI ... Or all of the above?
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