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. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Trust me if suppliers dry up, dealers will dry up and people will hang on to their bullion likes nuns hang on to their chastity. Whoever sells won't be selling at spot + postage.
     
  2. beyondfiat

    beyondfiat Member Silver Stacker

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    My call to the Perth Mint resulted in them advising there is a two to three week delay on silver bars, to call back in a fortnight as they can't give a date yet.
     
  3. madaw1

    madaw1 Well-Known Member

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    But at least one will be able to buy/sell/. Look at the premium in Perth Mint over the spot/for example fractionals- gold lunar coin/.-This is insane:mad:
     
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  4. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Perth Mint is in it for the $$$$ they can suck out of the Asian market
     
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  5. silverhair

    silverhair Member

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    Does the mint run short at times like it is now?
     
  6. beyondfiat

    beyondfiat Member Silver Stacker

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    This is not a first, but it is rare for them to have no low premium silver available for purchase for an extended period
     
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  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Not the first time. Same like US mint out of eagles. Still no sign of shortage of gold bullion in Singapore yet. The usual stuff, kangaroos, lunars, maples, britannias, kilobars, 100grams still available. I'll be watching closely.

    Anyone saw this video?

     
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  8. ddevil

    ddevil Active Member Silver Stacker

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    There is no shortage. Its still being produced & is being sent overseas to Europe & other countries. The international market is the priority for PM.
     
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  9. SteelHand

    SteelHand Active Member Silver Stacker

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    Email from KJC:

    We would like to inform you of the following delays on Perth Mint orders.

    Production has been suspended on all 1 kilo, 10oz and 100oz silver bars due to new equipment being installed in The Perth Mint refinery. As a result, there will be a substantial delay on these orders until the mint has received more stock.

    In addition to this, the devastating bush fire crisis across the country has caused delays on all other Perth Mint orders due to road closures. We have been notified that orders have now been dispatched and we will be in contact as soon as they arrive.
    We sincerely apologise for the inconvenience caused.

    The KJC Team
     
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  10. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    It's been up to six weeks since orders were placed with the Perth Mint for bars and still no deliveries.
    Also ABC has ramped up their margins on wholesale kilo Pamp bars so dealers are lucky to make $5 profit
    Life's tough for bullion dealers at the moment!
     
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  11. Silverman99

    Silverman99 Well-Known Member Silver Stacker

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    Ainslie appear to have an unlimited supply of 10oz Perth Mint bars when ordering on line

    Bullion Now showing 97 10oz bars in stock but 1kg bars on back order
     
  12. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    Is Ainslie unlimited 10oz bars actually in stock or back order?
     
  13. Silverman99

    Silverman99 Well-Known Member Silver Stacker

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    No mention of being on back order whey you get to the check out stage so from that I assume they are holding a reasonable amount in stock
     
  14. johnnyhann

    johnnyhann Active Member Silver Stacker

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    As far as I can tell, Ainslie do not limit their inventory so you can check out like thousands of coins but it's highly unlikely they would have all of the stock on hand.
     
  15. evil_ss

    evil_ss Active Member

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    PM 10oz bars are my fave!
     
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  16. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    I think the current delivery issues are over!
    I got my kilo bars on Friday!
     
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