I don't buy from the Perth Mint, however a 20 ounce per household limit on one oz bars, what is happening? Perth mint trying to singlehandedly put a stop to a silver short squeeze. http://www.perthmintbullion.com/au/Buy-Silver-Bars.aspx PURCHASE LIMIT Please note there is a purchase limit of 20 bars per household for this product.
when you click that link now, there are zero bars available. This means a limit of zero x one oz bars per household. No big deal. Many bullion dealers do this all the time, and thank god they do quite frankly, because it would be dead easy for one well-heeled individual to clean out the entire stock. Good dealers understand that other people would like to buy them too.
I could be mistaken but am under the impression that the private trade in both gold & silver (physical) is miniscule compared to the paper trade and of course the stock held by banks, governments and entities not often mentioned in the media. They're happy for the public to dabble in some PM trade provided that the volumes are low enough that it doesn't cause supply chain issues. Considering how abstract the meaning of "value" has become and how difficult it has become to judge what something is worth, due to pricing in infinite fiat, they powers that be cannot afford and will not tolerate a situation where too much faith is lost in fiat and where too much interest is shown in PM's. The tl;dr is that there probably isn't enough gold & silver to go around to replace fiat, once confidence in said fiat is lost. Therefore my suspicion would be that the limits placed on household purchases, and the ever more restrictions on free private PM trade, and the increasing requirements of "money laundering" checks when making purchases and the demand for ID & using bank instruments (as opposed to paying cash) to make purposes are all designed to slowly strangle or at least suppress the sale of PM's to private buyers. These measures are implemented slowly, to avoid public pushback, but that's where things are headed, imo.
sorry miss post with reddit. Guess being a resident of perth. Well as long as they don't limit the 1 Oz roo coin. For Bars They also disappeared their 100 oz bars about a year ago. Which i thought would be the lowest premium of their retail product. They also dissapperared 10 oz bars which are lower premium then the coins. Which is best investment option if you put savings for in a week at a time. Gold bar range has been smashed to about half the range with no intermidiate 10oz and 20oz.
No use crying over split milk; they will decide what they manufacture and sell. Seek a substitute product and/or alternate supplier, maybe reconsider your stacking strategy.
