Dealer Squeeze? Current state of play...

VRS

VRS

Well-Known Member
Silver Stacker
I've spoken to 3 of my dealers today on 1kg and 100oz bars only, as that's my speciality & what I sell most of.

On 100oz...

One said 'Oooooooh!' and then went quiet on the line... Shuffling papers around (presumably) on their desk...

One said 'Ummm... Not THIS year... maybe next...'

One said 'Can we buy yours please?' - To which I replied 'Sure thing - for $7,500 or 3oz Au... and rather than get the joke my guy said 'I'll talk to my boss' LOLOLOLOLOLOLOLOL!!!

On 1kg...

One said 'Yes no problem, for you up to fifty, delivery 5-7 days'

One said 'Yes, five immediately but we're having to ration - so I can get 'round that by putting in duplicate orders over the next five days, but we can't take any individual orders over 5kg right now...' (!)

One said 'For you... SIX TO TWELVE MONTHS!' - to which I replied 'But you only get THREE YEARS FOR MANSLAUGHTER!' LMFAO!

I LOVE this game...

VRS ;)x
 
Do you think end game is near?

Alot of people are loading up big on these dips. But dealers / Perth Mint are slowing down on delivery and order taking.

Its no coincidence the same thing happened in May too with the Perth Mint.

I feel this situation is great for us stackers. It just shows how disconnected the paper price is with stock levels.

Slam
 
Emailed a new dealer I've never dealt with for a quote. No response 4 hours later.
Too tight to call interstate.
Waiting.
 
Fact: Fundamentals do not affect Ag Price (ie supply and demand)

Fact: big drops in Ag price coincided with Margin increases. This is not a coincidence. Its as if they are using the margin increases to manipulate the charts so they look like they should. Does anybody honestly believe that if the margins were the same as this time last year we would still be at $31 spot?

Fact: If we go to $23 like many are calling for (entirely possible) I will load up with another 100kgs
 
gbickle said:
Fact: Fundamentals do not affect Ag Price (ie supply and demand)

Fact: big drops in Ag price coincided with Margin increases. This is not a coincidence. Its as if they are using the margin increases to manipulate the charts so they look like they should. Does anybody honestly believe that if the margins were the same as this time last year we would still be at $31 spot?

Fact: If we go to $23 like many are calling for (entirely possible) I will load up with another 100kgs
Click to expand...


ANOTHER 100kgs! Wow, that would be one hell of a shiny stack! :)

So that's where all the silvers going :P
 
RetardedMonkey said:
If it goes to $23 again, you might have some trouble obtaining that 100kg.
Click to expand...

He can have a fifth of my stack...

(For $500k)

VRS ;)x
 
So you think I should be holding onto the ones I got delivered in today from Perth Mint? :P

[imgz=http://forums.silverstackers.com/uploads/2742_100ozers.jpg]
2742_100ozers.jpg
[/imgz]

They must have been the last.. perhaps they are going to command a premium now.. hahaha
 
Skip - How long have you waited for delivery mate?

That's pretty remarkable - You're the only person in Oz I know who's actually received any of these in a long long while...

Or did you get Bron to walk-out like Mr Cojones Grandes, knees well-apart, to get 'em out for you lol?!

VRS ;)x
 
Just on 2 weeks it was. Got another order just before that which took around 3 weeks.. so I think that speed is getting better?

Although last order placed was 1.5 weeks ago which also included bars... but I am thinking that one is going to take a while... (no 100ozers in that though)
 
As far as I know PM is & has been out of 100oz for some time... You're not knockin'em out in your basement are you?

VRS ;)x
 
So maybe I need to put 1 up for auction before they go away to their safe location... hmm.. some how.. I don't think so!

they certainly beat the dirty old 100oz bars I usual end up with! haha...
 
gbickle said:
Fact: Fundamentals do not affect Ag Price (ie supply and demand)

Fact: big drops in Ag price coincided with Margin increases. This is not a coincidence. Its as if they are using the margin increases to manipulate the charts so they look like they should. Does anybody honestly believe that if the margins were the same as this time last year we would still be at $31 spot?

Fact: If we go to $23 like many are calling for (entirely possible) I will load up with another 100kgs
Click to expand...
Why bother with kgs? Doesnt anyone buy tonnage any more??!!
 
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