How many Oz's do dealers sell per week?

hotdogma

hotdogma

Active Member
Just out of curiosity... Don't really expect any to tell me although I know many are members here..

Just wondering about the size of the market? oz p/week silver, oz p/week gold and the ratio e.g. 10 oz silver : 1 oz gold....

Peace :D
 
Probably not going to get an answer about how many ounces, but I dont see anything wrong with some feedback about the ratio of gold to silver dealers are selling at the moment. I would think its probably something like 10:1
 
Hi guys - sorry Maggie. Honestly don't mean to offend. I wasn't expecting some to provide their sales figures - just super rough ball park guesses. And not necessarily even for your own business... Rather what you thought the size of market was.

E.g. it is fair to assume a big city deal would sell 5 oz gold / 200 oz silver per day over the counter? Am I over by double or under by half? Just curious is all - and with no frame of reference, I have no idea...
 
hotdogma said:
Hi guys - sorry Maggie. Honestly don't mean to offend. I wasn't expecting some to provide their sales figures - just super rough ball park guesses. And not necessarily even for your own business... Rather what you thought the size of market was.

E.g. it is fair to assume a big city deal would sell 5 oz gold / 200 oz silver per day over the counter? Am I over by double or under by half? Just curious is all - and with no frame of reference, I have no idea...
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Dealer volumes are one of the most jealously guarded pieces of information in the industry. *Way* too commercially sensitive to be discussed or even hinted at.
 
Fair enough - point taken and poor form on my part. If a mod somehow wants to delete this thread, certainly no hard feelings from me... Regards; HD.
 
hotdogma said:
Fair enough - point taken and poor form on my part. If a mod somehow wants to delete this thread, certainly no hard feelings from me... Regards; HD.
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Why?

If you didn't ask I wouldn't know how jealously guarded a secret this is ;)
 
We were all new once and had questions.

You have handled yourself like a true SS member, respectfully, listening to

other peoples comments : )
 
hotdogma said:
Just out of curiosity... Don't really expect any to tell me although I know many are members here..

Just wondering about the size of the market? oz p/week silver, oz p/week gold and the ratio e.g. 10 oz silver : 1 oz gold....

Peace :D
Click to expand...

You can get an idea from The Perth Mint's bullion Blog.

Each month, Perth publish how many ounces of gold and silver they sold.

Monthly Sales - April 2013
http://www.perthmintbullion.com/au/...les_-_April_2013_A_Record_Month_For_Gold.aspx

Monthly Sales - March 2013
http://www.perthmintbullion.com/au/blog/blog/13-04-15/Monthly_Sales_-_March_2013.aspx

H
 
Check your invoice numbers from online dealers... how many invoices have been issued between a certain time frame? That only tells how many orders it receives, not the actual ounces, but a good start. I hope I don't offend anyone, OP? Please remove this if inappropriate.
 
Maybe I'm missing something here but it shouldn't be taboo to ask. Whether people wish to answer is their own choice. Most businesses will not tell you how much product they move because it (usually) relates directly to their profitability.

It's no different to asking a coffee shop owner how much coffee is sold in Australia each week ? They could take a guess at it but how would they even know themselves? They can only know what they sell and you can't infer much from that.
 
Some dealer websites show "not enough in stock" type messages if your order is too big e.g. 1000 1kg bars. By experimenting with the order quantity you can determine how many are in stock. If you do this regularly you'll see their inventory levels rise and fall. From there it's some simple math to calculate how much they sell.
 
willrocks said:
Some dealer websites show "not enough in stock" type messages if your order is too big e.g. 1000 1kg bars. By experimenting with the order quantity you can determine how many are in stock. If you do this regularly you'll see their inventory levels rise and fall. From there it's some simple math to calculate how much they sell.
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That's perthmint website. :)
 
Holdfast said:
hotdogma said:
Just out of curiosity... Don't really expect any to tell me although I know many are members here..

Just wondering about the size of the market? oz p/week silver, oz p/week gold and the ratio e.g. 10 oz silver : 1 oz gold....

Peace :D
Click to expand...

You can get an idea from The Perth Mint's bullion Blog.

Each month, Perth publish how many ounces of gold and silver they sold.

Monthly Sales - April 2013
http://www.perthmintbullion.com/au/...les_-_April_2013_A_Record_Month_For_Gold.aspx

Monthly Sales - March 2013
http://www.perthmintbullion.com/au/blog/blog/13-04-15/Monthly_Sales_-_March_2013.aspx

H
Click to expand...

From the Perth Mint April stats:

Total ounces of gold and silver sold by The Perth Mint* in April 2013 as coins and minted bars.:

- Gold (Au): 111,505.06

- Silver (Ag): 1,102,465.96

Selling gold to silver 1:10.

Record month, but extrapolated over a year approx au 1 mill ounces, ag 10 mill ounces.

Annual gold production is 87 mill ounces and silver is 1,000 mill ounces.

Seeing Australia is about 0.3% of word population, Perth Mint is punching above its weight. Well done!
 
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