GSR turning around soon?

[heartastack]

A supply chain is still a supply chain, it has raw material supply, process labour, warehousing, and distribution. When you have the local economy shutting down due to all this panic, supply chains are stressed even if they are local. Add then on top of that you have the supply and demand production schedule. So when you have the ridiculous sudden demand, the system wasn't design to cope, the "supply chain" breaks down.

good pic. This is a good visual representation of most modern day retail chains. Food industry looks similar - especially when you get down to minor ingredients like herbs, spices, colours and flavours. Many of them are processed overseas closer to where the farms are.

 

[sgbuyer]

GSR just dropped below 100. This is crazy. previously, I remembered silver tends to overshoot once the speculators smell blood.

 

[Timmy88]

No problems with dunny paper supply, I placed order yesterday (with a new supplier) received it just now for 12x boxes, and the price, cheapest I have ever paid, $38 per box, yep that's 18 months supply for us.

And now with the backup of the newly installed bidet with temp controlled water, hell might last twice that.

We should all be more prepared in all aspects of life.

Two is one, and one is none principle can be applied to all aspects of life, especially for long shelf items.

Timmy

 

[Holdfast]

If we use The Perth Mint retail prices lets have a look.
2020 Australian Kangaroo 1oz Gold Bullion Coin = $2860.73AUD
2020 Australian Kangaroo 1oz Silver Bullion Coin = $31.63AUD
Retail GSR for single coins = about 90.4
90.4 troy ounces of silver will buy 1 troy ounce of gold in Australia.

Lets look at some other dealers.
APMEX
2020 Australian Kangaroo 1oz Gold Bullion Coin = $1882.59USD
2020 Australian Kangaroo 1oz Silver Bullion Coin = $25.37USD
Retail GSR for single coins = about 74.2
74.20 troy ounces of silver will buy 1 troy ounce of gold in America

These figures do not adequately reflect the GSR so don't go ear bashing me please.

22 May 2020 - Guys, here's an update for you.
2020 Australian Kangaroo 1oz Gold Bullion Coin = $2779.70AUD
2020 Australian Kangaroo 1oz Silver Bullion Coin = $31.87AUD
Retail GSR for single coins = about 87.2
87.2 troy ounces of silver will buy 1 troy ounce of gold in Australia.

Lets look at some other dealers.
APMEX
2020 Australian Kangaroo 1oz Gold Bullion Coin = $1864.29USD
2020 Australian Kangaroo 1oz Silver Bullion Coin = $25.75USD
Retail GSR for single coins = about 72.4
72.4 troy ounces of silver will buy 1 troy ounce of gold in America