Perth Mint removes 1kg silver bar

Discussion in 'Silver' started by HeavyMetal, Jan 25, 2011.

  1. HeavyMetal

    HeavyMetal New Member

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    Just noticed PM has removed 1kg silver bullion bar from online trading.
     
    HeavyMetal, Jan 25, 2011
    #1
  2. boneyard

    boneyard Well-Known Member Silver Stacker

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    Yeah,
    They wanted to buy more from me.

    I said NO, NADA ZIP.
     
    boneyard, Jan 25, 2011
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  3. goldpelican

    goldpelican Administrator Staff Member

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    goldpelican, Jan 25, 2011
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  4. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Don't believe him folks...he bought it all up...there's nuthin' left !
     
    Clawhammer, Jan 25, 2011
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  5. Mud Gecko

    Mud Gecko Active Member Silver Stacker

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    I noticed they removed the 100oz bar too?

    edit: sorry it's back now...
     
    Mud Gecko, Jan 25, 2011
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  6. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    maybe they have finally done the calculation that they are losing heaps of money on them in terms of opportunity costs. Their 1 oz coins sell a lot over spot and since there is a shortage + the temporary crash they have pulled them from the market.

    A mint stopped selling 1 kg bars !!!
    Very bullish indeed
     
    THUCYDIDES79, Jan 25, 2011
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  7. Ag

    Ag Well-Known Member Silver Stacker

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    THUCYDIDES79 - your statement proves the saying 'every cloud has a silver lining'...
     
    Ag, Jan 25, 2011
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  8. Mud Gecko

    Mud Gecko Active Member Silver Stacker

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    I'm pretty sure on they're blog they stated the demand for 1kg bars was huge. Probably just an inventory thing...
     
    Mud Gecko, Jan 25, 2011
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  9. bron suchecki

    bron suchecki Active Member Silver Stacker

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    Our refinery is working through a lot of gold kg bar orders (wholesale deals) so some of the silver bar jobs have been pushed back in the production schedule but silver demand is still good.

    We're working on increasing bar capacity.
     
    bron suchecki, Jan 26, 2011
    #9
  10. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    It is not the demand that needs to be explained ( we know it is thru the roof ), it is the supply side that is questioned !
     
    THUCYDIDES79, Jan 26, 2011
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  11. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    It makes me sad that I am sure that most of this metal is leaving Australia. We could have a gold backed currency.
     
    Shaddam IV, Jan 26, 2011
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  12. goldpelican

    goldpelican Administrator Staff Member

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    One could say we're already a commodities backed currency.
     
    goldpelican, Jan 26, 2011
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  13. jase23

    jase23 New Member

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    jase23, Jan 26, 2011
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  14. goldpelican

    goldpelican Administrator Staff Member

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    85c/oz over spot - sounds about right, not sure if this is a few cents cheaper than it used to be though.

    They've sold through here before, as have 5kg bars.
     
    goldpelican, Jan 26, 2011
    #14
  15. Matthew 26:14

    Matthew 26:14 New Member

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    Well despite the paper price of au and ag falling it seems the real stuff is in demand.
     
    Matthew 26:14, Jan 26, 2011
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  16. DrSilverman

    DrSilverman New Member

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    I was in the Mint a few days before this happened, I clearly asked them "Are you having any problems with supply at all, anything?" and they advised me "No"... So not particularly happy that I can't get my weekly 1kg ingot now.
     
    DrSilverman, Jan 27, 2011
    #16
  17. HeavyMetal

    HeavyMetal New Member

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    Back on sale again now.
     
    HeavyMetal, Feb 7, 2011
    #17

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