Most coins sold out in Oz as well

Discussion in 'General Precious Metals Discussion' started by Jonasdundee, Mar 15, 2020.

  1. Jonasdundee

    Jonasdundee Member

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    Most lower premium coins have 2-3 weeks delivery time now at all dealers I checked.
     
    Jonasdundee, Mar 15, 2020
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    66rounds likes this.
  2. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    What are you selling ?
    This is the trading section o_O
     
    spannermonkey, Mar 15, 2020
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  3. Jonasdundee

    Jonasdundee Member

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    I'd say it's quite close to trading to inform people that silver is getting overbought. But of course, I am not selling anything.
     
    Jonasdundee, Mar 15, 2020
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  4. heartastack

    heartastack Well-Known Member Silver Stacker

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    General chat, dude..
     
    heartastack, Mar 15, 2020
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    MyDingaling and spannermonkey like this.
  5. Jonasdundee

    Jonasdundee Member

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    Apologies. :-(
     
    Jonasdundee, Mar 15, 2020
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  6. SilverDJ

    SilverDJ Well-Known Member

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    SilverDJ, Mar 15, 2020
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  7. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    Eureka Moments, Mar 15, 2020
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  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    In Singapore, the low premium maples are all sold out. Low premium (4-6% over spot) Kilobars and 100 oz bars almost sold out at major dealers but smaller dealers still carry them. Overall, the stock availability for low premium silver is much lower than gold.

    This is all within expectation as the silver inventory value is much lower than gold. A few tens of millions can buy up all the low premium retail silver bullion in the world.

    It's obvious by now that silver spot is not real. I'm just wondering how long they can sustain the paper market before it breaks.
     
    Last edited: Mar 15, 2020
    sgbuyer, Mar 15, 2020
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  9. STKR

    STKR Well-Known Member Silver Stacker

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    STKR, Mar 15, 2020
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  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Last edited: Mar 15, 2020
    sgbuyer, Mar 15, 2020
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