Perth Mint Storage Online Website down

Discussion in 'General Precious Metals Discussion' started by jroly, Mar 24, 2020.

  1. jroly

    jroly New Member

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    I can't log onto Perth Mint anymore, when I was checking 1/2 hour ago their spreads were insane like $1.20 for Silver, $40 for gold, never seen it like it and now I can't login. Anyone else have comment?
     
  2. jroly

    jroly New Member

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    This is how they were trading before they went down.

    Our Rates Update in 1 sec
    You Buy
    Gold Gold$2,649.07 / toz
    Silver Silver$23.40/ toz
    Platinum Platinum$1,172.48/ toz
    You Sell
    Gold Gold$2,622.71/ toz
    Silver Silver$22.26/ toz
    Platinum Platinum$1,060.82/ toz

    That was the prices at 18:05 today.
     
  3. SilverDJ

    SilverDJ Well-Known Member

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    Works fine for me.
    I just grabbed the last of the available allocated 1oz gold bars :D

    EDIT: Just checked again and they now have 16 x 1oz gold bars available for conversion from unallocated to allocated.
    And FYI, they have tons of 1kg silver bars.
     
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  4. SilverDJ

    SilverDJ Well-Known Member

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    Those spreads are normal.

    upload_2020-3-24_19-24-6.png
     
  5. jroly

    jroly New Member

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    • Yes it's working again now, Silver spot now
      Silver$23.97/ toz Buy

      Sell
      [​IMG] Silver$22.81/ toz
     
  6. jroly

    jroly New Member

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    No it's not normal, spread on Silver is usually 60 cents
     
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  7. SilverDJ

    SilverDJ Well-Known Member

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    Ah. I tried to find an old screen cap of mine to confirm, but can't find it.
    That's very interesting if that's the case.
     
  8. jroly

    jroly New Member

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    [​IMG]

    $1.40 spread for silver, Almost $50 for gold. Remember used to be 60cents for silver, $12 for gold.
     
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  9. pi

    pi Member Silver Stacker

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    Goldstackers website has been down for 4 or 5 days now.
    When I rang they said I could redeem my unallocated holdings over the phone but could not buy more.
     
  10. pi

    pi Member Silver Stacker

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    I was looking to purchase by the way.
    I missed the brief drop to $20.55AUD because of this.
    Are other dealers still selling unallocated?
     
  11. 66rounds

    66rounds Well-Known Member Silver Stacker

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    If you ring Bullion Now and can get through (during business hours) you can lock in a buy/sell price on their spot unallocated. As they are flat out it will take a few days to completely process I imagine.
     
  12. SilverDJ

    SilverDJ Well-Known Member

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    I don't think so, but ABC still have pool allocated:
    upload_2020-3-28_13-59-45.png

    BullionMoney have stopped unallocated, among others. Goldstackers only have 1g pool silver.

    upload_2020-3-28_13-57-32.png
     
  13. jroly

    jroly New Member

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    That is bad luck, I picked up 233oz of Silver for $4900 at $20.80 when it first dipped on the 16th March. Spread was about 90 cents then. You can still buy unallocated from the Perth Mint.
     
  14. Feduptryingnames

    Feduptryingnames Member

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    Interesting, I thought it was me but i could have sworn that the Perth Mint silver spread when I bought was alot less than the current spread.

    Anyone got an idea of why it has increased? Volatility maybe or lack of silver.
     
  15. bron.suchecki

    bron.suchecki Well-Known Member

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    Wholesale market buy/sell spreads have been quite volatile recently, multiple factors behind it including aversion to risk, Swiss refinery shutdown, flight freight capacity restricted etc.
     
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  16. Feduptryingnames

    Feduptryingnames Member

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    Thanks bron.suchecki. I've just been looking at my holding which is allocated and I can't make head or tail as to their valuation.

    It states that the value of my holding is based on the spot price, so multiplying my holding x sell price should equal their valuation, but this is not the case.

    Their stated value is more than my holding x sell spot and less than my holding x buy spot. Do you think they are using a spot mid price?
     
  17. bron.suchecki

    bron.suchecki Well-Known Member

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    Could be mid point but it should be the buyback price
     

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