Perth Mint Storage Online Website down

J

jroly

Member
I can't log onto Perth Mint anymore, when I was checking 1/2 hour ago their spreads were insane like $1.20 for Silver, $40 for gold, never seen it like it and now I can't login. Anyone else have comment?
 
This is how they were trading before they went down.

Our Rates Update in 1 sec
You Buy
Gold Gold$2,649.07 / toz
Silver Silver$23.40/ toz
Platinum Platinum$1,172.48/ toz
You Sell
Gold Gold$2,622.71/ toz
Silver Silver$22.26/ toz
Platinum Platinum$1,060.82/ toz

That was the prices at 18:05 today.
 
Works fine for me.
I just grabbed the last of the available allocated 1oz gold bars :D

EDIT: Just checked again and they now have 16 x 1oz gold bars available for conversion from unallocated to allocated.
And FYI, they have tons of 1kg silver bars.
 
  • Yes it's working again now, Silver spot now
    Silver$23.97/ toz Buy

    Sell
    ag.png
    Silver$22.81/ toz
 
Goldstackers website has been down for 4 or 5 days now.
When I rang they said I could redeem my unallocated holdings over the phone but could not buy more.
 
I was looking to purchase by the way.
I missed the brief drop to $20.55AUD because of this.
Are other dealers still selling unallocated?
 
pi said:
I was looking to purchase by the way.
I missed the brief drop to $20.55AUD because of this.
Are other dealers still selling unallocated?
Click to expand...
If you ring Bullion Now and can get through (during business hours) you can lock in a buy/sell price on their spot unallocated. As they are flat out it will take a few days to completely process I imagine.
 
pi said:
I was looking to purchase by the way.
I missed the brief drop to $20.55AUD because of this.
Are other dealers still selling unallocated?
Click to expand...

I don't think so, but ABC still have pool allocated:
upload_2020-3-28_13-59-45.png

BullionMoney have stopped unallocated, among others. Goldstackers only have 1g pool silver.

upload_2020-3-28_13-57-32.png
 
pi said:
I was looking to purchase by the way.
I missed the brief drop to $20.55AUD because of this.
Are other dealers still selling unallocated?
Click to expand...

That is bad luck, I picked up 233oz of Silver for $4900 at $20.80 when it first dipped on the 16th March. Spread was about 90 cents then. You can still buy unallocated from the Perth Mint.
 
Interesting, I thought it was me but i could have sworn that the Perth Mint silver spread when I bought was alot less than the current spread.

Anyone got an idea of why it has increased? Volatility maybe or lack of silver.
 
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.
 
Thanks bron.suchecki. I've just been looking at my holding which is allocated and I can't make head or tail as to their valuation.

It states that the value of my holding is based on the spot price, so multiplying my holding x sell price should equal their valuation, but this is not the case.

Their stated value is more than my holding x sell spot and less than my holding x buy spot. Do you think they are using a spot mid price?
 
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