Are retail silver supplies drying up?

Discussion in 'Silver' started by fishduck, Mar 18, 2020.

  1. slavaja

    slavaja Well-Known Member Silver Stacker

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    Damn we are in the poopi if we can't even get unallocated
     
  2. SilverDJ

    SilverDJ Well-Known Member

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    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.
     
  3. monopolize

    monopolize Well-Known Member Silver Stacker

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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?
     
  4. monopolize

    monopolize Well-Known Member Silver Stacker

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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.
     
  5. kilo

    kilo Active Member Silver Stacker

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    Nice to see such a quick implementation of practical measures.
     
  6. madaw1

    madaw1 Well-Known Member

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    It can happen any day...
     
  7. kilo

    kilo Active Member Silver Stacker

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  8. hardyakkagold

    hardyakkagold Member

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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.
     
    Last edited: Mar 29, 2020
  9. kilo

    kilo Active Member Silver Stacker

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    As madaw1 indicates all it takes is a halt to trading
     
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  10. hardyakkagold

    hardyakkagold Member

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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.
     
  11. kilo

    kilo Active Member Silver Stacker

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    Really? Haven’t heard that one yet, not sayin it ain so. Any info would be welcome.
     
    66rounds likes this.
  12. STKR

    STKR Well-Known Member Silver Stacker

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  13. slavaja

    slavaja Well-Known Member Silver Stacker

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    That's a long time and it's probably gonna look more like August September and if someone got covid at perthmint might be looking at December.
     
  14. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    STKR likes this.
  15. STKR

    STKR Well-Known Member Silver Stacker

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    aaaaand its gone!
     
  16. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Did you log into ABC as it still shows as available?
     
  17. madaw1

    madaw1 Well-Known Member

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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?...
     
  18. alor

    alor Well-Known Member Silver Stacker

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    how fast is the paper depreciating ??? as the metals it can buy is lesser each day
     
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  19. Oddjob

    Oddjob Well-Known Member Silver Stacker

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  20. slavaja

    slavaja Well-Known Member Silver Stacker

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    A friend of mine placed a silver order at Perth mint and he said they have 5,000 orders they need to fill and are only producing 1kg and 1oz kangaroos
     
    sgbuyer, kilo, Holdfast and 2 others like this.

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