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Yes I remember those little coins when I worked in Perth Mint's Sydney shop. They are real silver but weren't part of a bullion set, can't remember their purpose but we had a heap of them and I remember sending them all back to Perth to get melted.

ABC Bullion has went back to buy now on our silver cast bars and we have a heap of silver kruggerands. Any dealer who is managing their hedging correctly would not be pulling product because of a price drop.

Interesting, perth mint got rid of my blog posts but someone decided a few of the educational ones I wrote were OK but the rest were crap. Oh well.

Looks younger - that photo of me SBTV used is from a long time ago! I see in the video comments someone has called me a bankster selling metals, sigh.

Chris' comments don't refute or address Keith's argument. Saying that a bullion bank's short may be on behalf of someone else doesn't void the fact that whoever that someone is, they aren't as desperate as the longs, because the basis declines into expiry. And it is not a case of if that someone...

When I worked for the Perth Mint in Sydney we had bags of those, ended up melting thousands.

Possibly the fine silver medallion you get engraved at the exhibition, ie blank on the other side?

That theory can be proven by looking at the behaviour of contracts approaching expiry. As Keith says in this article https://monetary-metals.com/thoughtful-disagreement-with-ted-butler/ (for which I did the number crunching when I worked for Monetary Metals): "We just need to look at the data...

We were just getting on top of silver and were looking at getting back to Buy Now but then 2nd wave hit and silver price shot up and we had (and continue to have) a surge in buying hence why we pushed the dates out. I'm going to do a sales analysis tonight to see where we are at with pending...

Thanks for that, interesting that regarding reporting they say it is required if the consignment consists of precious metal coins classified as legal tender, and the value of the consignment exceeds AUD10,000 The key here is "value of the consignment" not face value of the consignment - they...

My personal opinion I wouldn't try and get tricky witj face vs market value and would declare it if the market value exceeds whatever the cash declaration limit is for the country.

I covered Part IV extensively back in 2008 https://goldchat.blogspot.com/2008/11/australian-gold-confiscation.html Also talked about it last week https://www.abcbullion.com.au/investor-centre/pdf/gold-confiscation-feasible-or-fantasy IMO I don't see it happening as since money is no longer...

It has eased off and we stayed open all through so no problems popping in.

We are buying back, it was a hidden design flaw with out website that when we don't want to list a product for sale (as with third party produced stuff we don't want to sell it until we get it) it takes it entirely off the website, no option to just list it with a buyback price. Bring them into...

It may make make sense for a miner to stockpile, but no well run refiner, mint or bullion dealer actually takes a long (or short) position like that. The other factor is that to sit on stock like that requires funding, and that is costly and hard to get. If they have stock they are going to sell...

Could be mid point but it should be the buyback price

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.

In the market update John generally does the price/forecast commentary and I do the more general stuff, so that view more reflected John's position than mine. Having said that, while I'm not as aggressive as John I do think that silver is undervalued (although I did feel that at ratio of 85) as...

Just one point on ETFs - you can only trade them during ASX hours whereas online accounts are usually 24hrs.

We held off on premium increases as long as possible while others had, but with additional costs from overtime on running the refinery 24hrs a day, increased freight costs due to flight cancellations etc we had to up the premiums. The premium above our pool for 1kg silver is $47.20 and gold $75.