Are retail silver supplies drying up?

pi said:
You can’t even buy unallocated (pool allocated) at Goldstackers anymore. Their website has been down for 4 or 5 days now. They are difficult to get on the phone and when you finally get through, it’s someone working from home. They said I can redeem my holdings over the phone but I cannot buy anymore. I suspect they can’t get the physical to back it.
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Damn we are in the poopi if we can't even get unallocated
 
Alloy said:
You guys are going to lose a ton of money on premiums. You would've made pure profit the last few days if you had bought an ETF. If you bought retail physical you wouldn't be profiting at all.

I think one of the underexposed realities of the last few years is that silver stackers lose a lot of money making bad decisions based on conspiracy theories and saviors. I'm tempted to do a formal study to measure how much money they've lost.
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On the contrary though you would have lost a tonne of money the last few weeks if you had bought an ETF prior to the plunge in the paper price. If you had bought physical retail silver you would likely be making money with the increased premium if you were to sell.

Even if you had bought physical retail silver in the past few days, if you could get your hands on any, I don't see how you wouldn't be profiting as the premium has remained high, if not higher, along with the rise in the silver price?
 
SilverDJ said:
It's not that you can't get it, it's just that you have to use a big refiner like Perth Mint who have the raw material in order to back new unallocated orders.
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I'm not familiar with the Perth Mint unallocated program. But say if you were to convert it into physical, I would imagine you would be waiting for a while before you will get your hands on it in the current environment for them to fabricate it, since a lot of things seem to be out of stock?

The fear I have with the Perth Mint is that that's the first place the government will go to if they ever needed the gold. And you'll get pieces of paper back instead.
 
First Majestic is vertically intergrated, these guys will make the money. hopefully they can justify keeping their supply chain open to the cov19 government
 
madaw1 said:
It can happen any day...
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I think the government has got enough to deal with at the moment to worry about confiscation of precious metals from the
less than one percent of people who have any to confiscate from.
This would be the last thing I would be worried about at the present time.
Although, once gold prices double from here it might be a valid concern.
 
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There are halts to trading happening already in the precious metals due to supply line disruptions.
I dont see any point for the government to make temporary bans specifically targeting precious metals trading,
unless it was part of a larger shutdowns involving the share market and other financial transactions.
Lets face it we stackers are not that big or important in the grand scheme of things to
attract special attention at the present time.
 
slavaja said:
I called up bullionnow and they said the wait time could be up to 3 months for delivery for low premium 1kg bars $40 over spot. $60 over spot for 1kg bars if you want it now.
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I'm just wondering how long now does anyone to wait to have your silver bullion delivered when he/she has changed from unlocatteed?...
 
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