Perth Mint Out Of Stock

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shinymetal said:
I posted this question only a few days ago, the general response was, if you have the money you could get that much no problem..
Now PerthMint is OUT OF SILVER!!
So I'll ask again. If someone had $1,000,000 and wanted to put it into silver, could they? If they couldn't, what does that mean?
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You can still buy silver online using the Perth Mint Depository. They have unallocated and also physical allocated bars, dozens and dozens of 100oz + 1kg serial numbered bars:
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And you can have those bards delivered if you want.
If you called Perth Mint and said you want to buy $1M worth of silver they'd bend over backwards to start up the machine for you right away.
Just for kicks I went to ABC bullion and tried to buy 200 x 5kg bars ($4400ea) and it said the max limit was 99 bars. Then it told me the max shopping cart is $75,000

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Again, if you called and said I want $1M worth you'd get it in short order I have no doubt.
 
SuprmeLeadr said:
This could be huge.
If your local dealer doesn't have any stock to sell you, your stack stops growing.
I (and likely others here) would like to continue stacking through this bull run.
If this state becomes protracted, it could throw the physical market.
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Plenty of dealers have stock, and ABC Bullion have stock.
Just checked Ainslie and they have no shortage of big stuff:
Sure, you may not be able to get your favorite Kook or some other item, but if it's just silver you want, silver you can get.

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SilverDJ said:
You can still buy silver online using the Perth Mint Depository. They have unallocated and also physical allocated bars, dozens and dozens of 100oz + 1kg serial numbered bars:
View attachment 26620

And you can have those bards delivered if you want.
If you called Perth Mint and said you want to buy $1M worth of silver they'd bend over backwards to start up the machine for you right away.
Just for kicks I went to ABC bullion and tried to buy 200 x 5kg bars ($4400ea) and it said the max limit was 99 bars. Then it told me the max shopping cart is $75,000

View attachment 26621

Again, if you called and said I want $1M worth you'd get it in short order I have no doubt.
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$75,000 is a long way from the $1,000,000 he was asking about.
 
I think we should all take a deep breath here. There’s been a couple times in the last few years where there’s been a mint shortage of ASE’s in America, due to them being caught off guard by a surge of orders. But they correct it in due course, there’s no shortage of silver at the US mint.

And that’s probably what has happened here, Perth Mint has probably been caught off guard by the surge of orders for silver products by all the “newbies” who have had their precious metals interest suddenly piqued thanks to the recent runup in price. I’d be a lot more concerned if they were out of stock every day between now and the end of the year.

Besides, it’s much more expensive to order from the mint directly than either a Bullion Dealer, or from the forum! Why spend even more money during the runup than you have too if you’re trying to maximize the weight of your stack?
 
mongrelmaple said:
And that’s probably what has happened here, Perth Mint has probably been caught off guard by the surge of orders for silver products by all the “newbies” who have had their precious metals interest suddenly piqued thanks to the recent runup in price. I’d be a lot more concerned if they were out of stock every day between now and the end of the year.
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I agree.
But you will never get any warning that will happen until it has already begun.
 
JOHNLGALT said:
@Gonzo again trust me on this another snip or 2 from my GGLE searches a couple of years ago:
index.php
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Thanks. That's very interesting and something that I did not know nor believe until looking at it now. I guess though there is still much more silver below ground than above ground and as the silver price goes up and the gold silver ratio approaches historical levels, silver would stop being used in industrial uses, and used more as bullion, so one would have to compare economically recoverable silver + above ground recoverable silver to economically recoverable gold + existing gold to get what the ratio should be to get an indication of what price may be.
 
No one will ever know with any certainty how much is available above ground so the tripe Galt is serving up is nothing more than speculative horseshit.
Au & Ag was mined for many millennia before records were kept so to assume anyone knows what ratio there is available is pulling their pud.
 
Yup. I can't disagree with you Stoic. I watched the SRS Rocco video though and thought the Central Bank holdings seemed unbelievably low but if it was true, then maybe there is dramatically less above ground than what is assumed (and using assumed deliberately as in if we all believe in assumed it might make an "ass of u and me) - hope that makes sense. Anyway I got into silver over gold due to a friend and 3 key reasons:
a) there's a lot less silver in the world than people think;
b) the silver that is there is used in industrial uses and in such a way that its used up i.e. largely non-recoverable; and
c) the digging up out of the ground is 1:9 or 1:10 but the gold silver ratio is 1:85 (or however its been changing these last few days).
Maybe (a) and (c) are inter-related but still a lot of good reasons to be in silver.
Hi Ho Silver!!
 
Gonzo said:
Yup. I can't disagree with you Stoic. I watched the SRS Rocco video though and thought the Central Bank holdings seemed unbelievably low but if it was true, then maybe there is dramatically less above ground than what is assumed (and using assumed deliberately as in if we all believe in assumed it might make an "ass of u and me) - hope that makes sense. Anyway I got into silver over gold due to a friend and 3 key reasons:
a) there's a lot less silver in the world than people think;
b) the silver that is there is used in industrial uses and in such a way that its used up i.e. largely non-recoverable; and
c) the digging up out of the ground is 1:9 or 1:10 but the gold silver ratio is 1:85 (or however its been changing these last few days).
Maybe (a) and (c) are inter-related but still a lot of good reasons to be in silver.
Hi Ho Silver!!
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I reckon the Gold/Silver ratio of 1:85 is also a direct representation of peoples attitude. For every one person that doesn't give a rats rear end about gold, there are 85 people that feel the same way about silver. That is at the moment of course. It's all about attitude,not availability.
 
@Gonzo aaaaam back, with a short video from a young fella with a clear, concise mind who sees what is coming to all of us (whether we want to believe it or not). READ THE COMMENTS as well.
$18 Silver, $26, $50, $1,000 Then Death Of The Dollar... Watch his other videos & you will be a convert.

 
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JOHNLGALT said:
@Gonzo aaaaam back, with a short video from a young fella with a clear, concise mind who sees what is coming to all of us (whether we want to believe it or not). READ THE COMMENTS as well.
$18 Silver, $26, $50, $1,000 Then Death Of The Dollar... Watch his other videos & you will be a convert.

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You not really buying into this mate are you?
 
kilo said:
You not really buying into this mate are you?
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Nah, I just thought I'd study everything I could about Gold & Silver ever since about 1961, when I first started working, so that I could WASTE MY EFFING LIFE, You MORON.
p.s. have a nice night.
 
Eeerr um...... nice chat.

Haven't been here for a while, are you the new school bully?

Funny cause I have enjoyed some of the links you have provided in the past.

Now to the point of your outrage. The YouTube link u shared and I quoted is complete and utter garbage. There are so many factual inaccuracies, emotional biases and complete lack of understanding it belies belief any one would bother posting it.
58 years of study and still no decernment.

Thanks for the tyrade.

58 years of study and still no decernment
 
let it go Kilo, the only one here that doesnt know the fact you highlighted is him. I just like to point at him and laugh.
 
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