PERTH MINT HAS NO 100oz or 1kg BARS AND WILL NOT TAKE A BACKORDER

It seems that the Perth Mint is stocked properly, but this still begs the question how much silver is produced annually?

If there is such an abundance of silver, couldn't JPM cover for its shorts just ordering direct from Perth Mint?

Why couldn't Eric Sprott just buy direct from Perth Mint to setup his Silver trust? Instead of taking 10 weeks to source 1.5million oz or something.

As much as I would like to believe what I read, sometimes these news come out to calm a frenzy market. Only time will tell.

Slam

 

"Why couldn't Eric Sprott just buy direct from Perth Mint to setup his Silver trust?"

We only refine 140t of silver a year, he was looking for 700t, but it still would of been nice to be asked

 

140t = 4.5 million oz.

This is not alot of silver, considering 6.5 million eagles sold in 1 month. Maybe there isn't a shortage of raw silver, but there are production capacity constraints at the mint.

Slam

 

Yeah Perthmint have had 1kg bars again since Wednesday and they have 100oz again now too.

 

Should have mentioned that we make more silver than we refine so we bring in 1000oz silver bars to top up. As per 2010 annual report: "Coin, bar and medallion sales added value to 10.13 tonnes of gold, 218.5 tonnes of silver and 9.86kg of platinum"

 

Perth Mint says they have bought 2 new printing presses, one for larger coins and one for the 1oz size. Will take them 3 months to get them up and running.

 

Strange BB has shipping delay until march on 100oz ag on their website and is selling 2 on ebay?!

 

North American shortage of 100 oz bars.
Sunshine mint-not anytime soon
RCM- two week out
Apex-spotty but out
Academy Corp`s- two months out
JM-month out
Apex-out
Gainsville- out[ just generic-maybe]
www.resourceinvestor.com/News/2011/1/Pages/100oz-silver-bar-shortage-developing.aspx
Please post links to silver stories. Thank you.
Shortage or my imagination getting the best of me. Grab on and enjoy the ride. Away we go.

 

Worse this time!
No 10 oz, no 100 oz silver bars.
No 5oz or 10oz silver coins.

 

I went to Perth Mint last month.

The only "spot" Silver they had for sale was the 1/2 Ox Coin. And i think Back orders on the 1kg Bar (no 100 oz or 10 oz bar available for back order iirc). This was worse stocks then what was available during the March 2020 11 USD spot silver.

They had about half of their gold products ready to sell at the time.

 

I was at the mint 2 weeks ago and have never seen it so “empty“. Very little silver available for sale and yet the line to the bullion room was nearly out the door.

 

That's scary as My thoughts would be no silver means no line, as the people buying silver could at least see there is nothing for sale. In times like these I can see people getting emotional because they lined up yet can buy nothing.

I guess Physical is becoming "Unobtainable" Here in Perth, I'm hoping that waiting a while longer and this will spread to the rest of the world, pushing premiums and spot price up.

 

That's my thoughts also. Actual physical silver is getting harder to come buy and the premium is going up accordingly.

There were some 1kg bars and 2 or 5oz coins available. So many people waiting they were selling kilo bars over the counter, not from the bullion room. Saw a number of people buying kilo's of silver at a time.

I managed to get myself a few ounces

 

Cool that you got your silver, and that there was still some available.

I am aiming to go to Perth mint in a week.

 

^ if you are allowed to take pictures at the shop, please do and share them here TY

 

Plenty

Yesterday... All Sizes after Loaded up The Truck.

 

I see they have the 10oz cast bars back up online.