From Bullionmark website http://goo.gl/htIKW 10 oz Perth Mint silver bullion bar The Perth Mint has temporarily ceased production of this product due to a global silver shortage. We cannot accept new orders until further notice
Hmm, says the same thing for 1kg and 100oz. Just checked the Perth Mint website, under each of these products it says:
Hmmm... Still available according to the Perth Mint website this afternoon (but not online). But the 100z isn't, at all.......
have just checked bullionbourse site and they to have delay of not until june / july delivery time for the perth mint bar .
Didn't we go through this 3 months ago? The response was, yes we have all the raw silver. But we just don't have the capacity to process it into coins/bars? Same deal this time? What about the unallocated to pool allocated changes? What about the installation of new machines for minting coins? If there was an increase in demand for bars, they would have installed new machines to produce bars too. Not sure we get told the true picture, just keep draining physical guys (where available). I wonder how long this can be kept up. Slam
The reason Perth Mint given about stoping the free unallocated silver as a free storage because they have more than what they need for production. Few weeks later they have shortage. Who is BS-ig who?
Perth Mint arnt taking any orders for 10oz, 20oz and 1kg bars.. 1oz Rabbits sold out, 1oz Kooks sold out they re-re-release 1oz mice 2 days ago and there now sold out too... seems like a shortage of silver to me.
So without really understanding how unallocated works I ASSUME that they can't seel the silver in the pool BUT it can be on the production line during manufacture so the silver that is being processed is essentially availible to them at no cost until it's finished production and they put it up for sale. I believe they have 27000oz availbile to them as part of the unallocated storage. I don't think it is so much about them having spare silver for manufacturing but that they have enough to fill their production line. So when an order comes into buy a bar, they make a buy order straight afterwards and the bar hasn't cost them a cent until it's sold and they don't have to worrk about the price dropping after they purchased the silver... someone correct me here Year Metal Assets Metal Liabilities Net Position 2010 2699127 2672120 27007
The 5oz and 10oz coins ceased production 5 months ago. Due to limitation in production capacity. But now they installed a new machine, stop making 1oz due to bullion issue limits. Why aren't the reproducing the 5oz and 10oz coins. The whole thing seems so sus to me, it all points to supply problems IMO. Slam
maybe they have orders already for the amount they can produce for a few weeks & need to fill all the orders first.Lets face it theres a growing demand & a lot of people might have ordered big because of the price rising so fast so they wanted to get stock & lock it in
The 1oz is a separate process. They are still making 1oz coins, just not the limited mintage ones. The 5oz / 10oz equipment was re-tasked to producing 1kg coins, which they are selling in immense quantities. I suspect the 1oz and 1kg coin lines gets priority on silver so if there is shortage, other stuff gets dropped.
