Why are we seeing SPOT and Physical spreads widen?

Discussion in 'Markets & Economies' started by 66rounds, Mar 29, 2020.

  1. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Cheers
    Now have a look at their stock levels. 09 June 2020
    1KILO Mouse - Out of stock
    5oz Mouse - Out of stock
    1/2oz Mouse - Out of stock
    https://www.chards.co.uk/category/buy-coins/a/silver/lunar?page=2

    2oz, only 12 available. And the 2's are $99AUD each NOT including delivery from UK to Australia.
     
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  2. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    Ok thx! Been browsing around a bit... kilos are readily available here in Europe, haven't found 5oz. Bullion Exchanges claims to have them in stock. Of course you're right, it would not be feasible with the shipping costs.
    I got a couple of the 1/10oz mice as they seem to be dwindling. 1 oz gold also well available in Germany, btw.
     
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  3. STKR

    STKR Well-Known Member Silver Stacker

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    I called ABC Bullion today to get a gauge on the accuracy of their pre-order times. They said the pre-order times are accurate and they've even been able to fulfil orders ahead of the allocated timeframes.
    Food for thought for those considering buying from them. Unsure how other dealers are doing, but it would appear ABCs capacity to supply the market is returning. They are one of the largest refiners in Oz, so it's no surprise they'd be one of the first to return to back to "normal". Of course, the premiums are likely here to stay for a while longer, if not indefinitely.

    Something cool: I just had my engine block rebored and my cylinder head serviced (as well as balancing my rotating assembly), and I paid the engine rebuilder in silver coins. My local firearms supplier also accepts silver as part payment - You don't know if you don't ask.
     
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  4. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    I just checked your link for "Bullion Exchanges", he has only 12 in stock. No International shipping.
    But if they did, each coin would cost $209.45AUD not including delivery.


    And here in Australia, no dealers have the 5oz Mouse and only one dealer has the Kilo Mouse.
    his premium for one coin is $153 more than Perth's Price (Perth are out of stock)

    Having said that, thanks for looking around jultorsk.

    Best to you mate.
     
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  5. Davros10

    Davros10 Well-Known Member Silver Stacker

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    A chance to start some interesting conversations?
     
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