Are retail silver supplies drying up?
- Thread starter fishduck
- Start date
Order date 20 March, delivery 02 April.
Delivery is supposed to be via Toll Priority (That's what folk pay for) they send by Australia Post Star Track Express.
Crikey, a day later and it's on pre order again. To the old hands here, has it ever been quite this bad before?
Bullion Now, right now has 90+ 1oz bars/blobs/bars in their low premium section. Someone must have cashed in today.
https://bullionnow.com.au/product/1oz-low-premium-gold/
and 50g gold bars in stock (only 10 as at time I type this)
https://bullionnow.com.au/product/low-premium-gold-50g/
https://bullionnow.com.au/product/1oz-low-premium-gold/
and 50g gold bars in stock (only 10 as at time I type this)
https://bullionnow.com.au/product/low-premium-gold-50g/
It got about this bad right about the time it crashed. This won’t crash soon, new territory. Last time was popped due to margin call in the papers. Still cautious because after last crash it was apparent that the refiners had plenty plenty plenty of raw material
They have far less of a variety of silver for sale online compared to what they had at the start of week
In saying that most items are commented with delayed delivery
SilverDJ
Well-Known Member
And yep, they're gone before the end of the day!
ABC Bullion have updated their delivery times for 10oz and kilo bars.
Previous times:
After 1/8/20 for 10oz and kilos after 6/8/20.
Updated times:
Both kilo and 10oz After 1/6/20.
I wonder if the move to update was purely to do with decreasing overall demand or increased capacity?
Bullion Now HAD a good chunk of low premium silver over the past two days. All gone now, but I counted a few 1000 Oz's.
I also wonder how many stackers are getting out of their physical 'position' due to loss of work?
Previous times:
After 1/8/20 for 10oz and kilos after 6/8/20.
Updated times:
Both kilo and 10oz After 1/6/20.
I wonder if the move to update was purely to do with decreasing overall demand or increased capacity?
Bullion Now HAD a good chunk of low premium silver over the past two days. All gone now, but I counted a few 1000 Oz's.
I also wonder how many stackers are getting out of their physical 'position' due to loss of work?
I question whether the overall demand was purely price driven. I definitely believe it was a big contributing factor, but another big factor would be the economic climate that we're in. A lot of new players appear to be popping up and many more "mainstream varieties" are beginning to see the threats of this endless Currency printing.
Maybe this instance could even result in a long-term impact on PM demand, as more people begin to see that Gold isn't just a barbarous relic and silver isn't just an industrial metal - They have their place in wealth preservation!
Spot going up? I'll buy the 10 oz bars from my usual dealers if they can offer spot + 7%.
SouthCoastSilver
Active Member
Demand on a retail end had stayed the same as it was, maybe dropped back a bit since the original rush to buy at the $20/oz spot price imo
But it will be interesting to what goes back to normal production first, the physical mining and refining or the industrial fabrication and manufacturing of goods with silver materials. Can skyrocket or plummet if the major finance institution keeps their fingers out of the pot and don't try and manipulate price
But it will be interesting to what goes back to normal production first, the physical mining and refining or the industrial fabrication and manufacturing of goods with silver materials. Can skyrocket or plummet if the major finance institution keeps their fingers out of the pot and don't try and manipulate price
ABC have 1oz gold bars in stock for sale for those interested.
https://www.abcbullion.com.au/store/gabg011oz-abc-bullion-cast-bar
https://www.abcbullion.com.au/store/gabg011oz-abc-bullion-cast-bar