Perth Mint Sold Out Of Gold?!

Discussion in 'Gold' started by SilverSale, Feb 13, 2016.

  1. SilverSale

    SilverSale Well-Known Member Silver Stacker

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  2. nickybaby

    nickybaby Active Member Silver Stacker

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    I hate piss poor reporting like this.
     
  3. bron suchecki

    bron suchecki Active Member Silver Stacker

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    Can anyone really be that stupid?
     
  4. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    I guess this has been added since OP? under the title from link.

    "Correction: I had incorrectly stated that the Perth Mint was out of all gold bullion coins. They are out of many of the popular coins and denominations, but not all gold bullion."
     
  5. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Yes, he has changed the story since I posted it.

    You can still see the original story heading in the web URL:
    "the-perth-mint-is-sold-out-of-gold-bullion/"
     
  6. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    He also had a picture of Perth Mint products showing everything "Unavailable".

    That has now been removed also.
     
  7. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    His article is probably just a few months too soon and I think he probably has the wrong monetary metal. Certainly the supply of bullion coins like all the silver monkeys is somewhat reduced :D Every time you log onto the Perth Mint site and try and buy some silver bullion monkeys you get the dreaded black rectangle - out of stock. I can confirm this was true this past Friday as I logged on to check. Also 1kg and 100 oz bars. Now I do believe the PM shop has some bars but that is unconfirmed. I have been a member of the PM since mid 2000 and I have with the exception of mid 2008 never seen such supply issues. We have all heard the stories that it's a machine problem? production of blanks problem? Firstly I didn't know you need blacks to produce 1kg and 100 oz cast bars. Secondly, demand was as high if not higher in 2011 yet we never saw these problems. Since then the PM has invested millions (I recall a figure of 27 million) in improving production and new machinery and floor space, yet they can't cope? I call BS.

    If there was a real equipment issue they have had 7-8 months since the monkeys were first minted (usually starts in July) to fix it and they haven't. Further, production quality is poor and I have personal experience of that. Response from Bron - can't believe it ? Well believe it !

    So all in all no one has the real data and the PM assurances are worth as much as Jim Cramer's assurance that Bear Stearns is just fine (https://m.youtube.com/watch?v=V9EbPxTm5_s). No one is interested in assurances.
     
  8. silversearcher

    silversearcher Active Member Silver Stacker

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  9. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Welcome to the internet. Here's your complimentary hat and kitten. Be careful out there.

    [​IMG]

    [​IMG]
     
  10. House

    House Well-Known Member Silver Stacker

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    Maybe it was the guy who spent $1m there on Friday morn?
     
  11. iceblue

    iceblue Well-Known Member

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    No they had plenty on hand when I left, bought silver as well, didnt want to go all in on gold.
     
  12. goldpelican

    goldpelican Administrator Staff Member

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    So someone obviously doesn't understand that the 1oz gold and silver Lunar coins sell out *every* year. Unrelated to global demand.
     
  13. SilverSale

    SilverSale Well-Known Member Silver Stacker

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