There will be a shortage of Perth Mint Silver Bars for a while!

Discussion in 'General Precious Metals Discussion' started by Aurora et luna, Jan 9, 2020.

  1. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

    Joined:
    Jul 1, 2009
    Messages:
    6,714
    Likes Received:
    2,763
    Trophy Points:
    113
    Location:
    Sydney
    From a very credible source!
    The Perth Mint has stopped supplying 10oz, 1kg, and 100 oz bars until further notice.
     
    pi, 66rounds, madaw1 and 3 others like this.
  2. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    9,011
    Likes Received:
    2,104
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    factory fatigue again
     
  3. sammysilver

    sammysilver Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    6,453
    Likes Received:
    1,432
    Trophy Points:
    113
    Location:
    Sydney
    I guess the world will need to rely on the next available source, you!

    On a serious note, we should watch ABC Bullion to see if there is a pattern.
     
    66rounds likes this.
  4. heartastack

    heartastack Well-Known Member Silver Stacker

    Joined:
    Sep 2, 2010
    Messages:
    1,248
    Likes Received:
    771
    Trophy Points:
    113
    Location:
    Idaho
    Reminds me of myself
     
  5. madaw1

    madaw1 Well-Known Member

    Joined:
    Dec 5, 2011
    Messages:
    1,565
    Likes Received:
    1,187
    Trophy Points:
    113
    Location:
    Great Western Country
    They has switched more to gold for now...
     
  6. Silverling

    Silverling Well-Known Member Silver Stacker

    Joined:
    Aug 13, 2017
    Messages:
    1,066
    Likes Received:
    883
    Trophy Points:
    113
    Location:
    NSW
    I can understand why, because then they can charge ever increasing premiums on their silver coins. We are already paying some of the highest premiums in the world, especially if you compare us to the residents of USA.

    So how about it Perth Mint, low premium bars for your own countrymen? All some people ever want is just simple low premium bars.
     
  7. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    3,832
    Likes Received:
    4,537
    Trophy Points:
    113
    Location:
    Oz
    I wonder if they are filing a large order for a someone / a country maybe???

    Had a look at KGC this morning and they appear to be running low on 1oz / small bars..ie a lot of "pre-sales" only no stock on hand. ABC doesn't appear to have any supply issues and Bullion Money's web site wouldn't work this morning.
     
  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    2,377
    Likes Received:
    1,376
    Trophy Points:
    113
    Location:
    Singapore
    This sounds possible. No sign of a retail silver shortage in Singapore either. Perhaps pm is preparing a huge order of 1000 oz bars for China? If I were China I’ll be stocking as much silver as possible for my manufacturing.
     
    66rounds and leo25 like this.
  9. silverhair

    silverhair Well-Known Member

    Joined:
    Dec 9, 2019
    Messages:
    273
    Likes Received:
    371
    Trophy Points:
    63
    China will hurt if it runs low of silver, they must be the largest industrial consumer of it globally....
     
    66rounds likes this.
  10. leo25

    leo25 Well-Known Member Silver Stacker

    Joined:
    Jun 8, 2010
    Messages:
    3,415
    Likes Received:
    1,671
    Trophy Points:
    113
    Location:
    Sydney
    Can someone setup a camera outside of Perth Mint and see if there are a lot of armored trucks moving in and out. Also like in the movie The Italian Job, you can compare the tire/suspension compression to see if there is a heavy load leaving. If so then maybe China is literally loading up the truck. :D
     
    Last edited: Jan 9, 2020
  11. bron.suchecki

    bron.suchecki Well-Known Member

    Joined:
    Feb 12, 2016
    Messages:
    244
    Likes Received:
    357
    Trophy Points:
    63
    Location:
    Perth
  12. madaw1

    madaw1 Well-Known Member

    Joined:
    Dec 5, 2011
    Messages:
    1,565
    Likes Received:
    1,187
    Trophy Points:
    113
    Location:
    Great Western Country
  13. jultorsk

    jultorsk Well-Known Member Silver Stacker

    Joined:
    Oct 17, 2016
    Messages:
    678
    Likes Received:
    894
    Trophy Points:
    93
    Perhaps ABC has succeeded in hogging up silver so much so that PM is at the moment (temporarily?) squeezed to prioritising higher premium silver coins production, and forsaking the lower premium silver bars until further notice. From the article Bron supplied above:
    "Looking to silver, ABC Refinery is now the market leader in the country, having poached a few substantial clients that were previously sending their material to Perth. ABC Refinery now refines around 70% of the available metal in the country and has just completed a significant expansion of its silver refining capacity."
    refining_market_share.png
    A&L's post is twitter famous now.

    Screen Shot 2020-01-09 at 6.14.33 am.png
     
    Last edited: Jan 9, 2020
    66rounds likes this.
  14. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

    Joined:
    Jul 1, 2009
    Messages:
    6,714
    Likes Received:
    2,763
    Trophy Points:
    113
    Location:
    Sydney
    66rounds likes this.
  15. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

    Joined:
    Jul 1, 2009
    Messages:
    6,714
    Likes Received:
    2,763
    Trophy Points:
    113
    Location:
    Sydney
    Now, the Perth Mint is suspending 1 oz Gold orders until further notice
     
    harry_mr, jultorsk, slavaja and 2 others like this.
  16. 66rounds

    66rounds Well-Known Member Silver Stacker

    Joined:
    Jun 22, 2019
    Messages:
    1,866
    Likes Received:
    1,888
    Trophy Points:
    113
    Location:
    Melbourne
    And the bullion shortage begins just in time for the cash bans. Buy now or you'll never buy again.
     
    madaw1 and sgbuyer like this.
  17. jultorsk

    jultorsk Well-Known Member Silver Stacker

    Joined:
    Oct 17, 2016
    Messages:
    678
    Likes Received:
    894
    Trophy Points:
    93
    Intriguing. :eek:

    Cast 1/2 oz, 1oz, 2 1/2 oz, 20 oz, kilo and 50 oz bars out of stock. Cast 5 oz and 10 oz available (for now).
    Minted gold bars still available in all sizes at the moment.
     
  18. madaw1

    madaw1 Well-Known Member

    Joined:
    Dec 5, 2011
    Messages:
    1,565
    Likes Received:
    1,187
    Trophy Points:
    113
    Location:
    Great Western Country
    There will be plenty on SStackers...
     
    66rounds likes this.
  19. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    3,832
    Likes Received:
    4,537
    Trophy Points:
    113
    Location:
    Oz
    Given minted bars sell with a higher premium, maybe Perth Mint are redirecting gold away from lower premium cast bars for someone else's "big order"...400oz bars perhaps....just a "maybe" thought.
     
    66rounds and jultorsk like this.
  20. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    3,832
    Likes Received:
    4,537
    Trophy Points:
    113
    Location:
    Oz
    Just now, no Perth Mint cast silver 10oz, 1kg or 100oz bars for sale either on their web site.

    I know ABC refines and sell 70% of the retail silver in Australia, but Perth Mint unable to provide cast silver and gold bars to the retail market...must be something going on re a large scale purchase of both metals.
     
    66rounds likes this.

Share This Page