Sales slowing post silver price plummet in Sydney.

Load of Bullion

Load of Bullion

Well-Known Member
I picked up 3 bars today at ABC in Sydney (see pics below).
The secretary was explaining to a customer that they were out of some products due the time it takes to fabricate them.
**Some people get very confused, and think a shortage of fabricated silver bar & coin supply is automatically connected with a silver supply shortage.**

The secretary said there were lines outside the door in the past two weeks but this week the lines have disappeared.
This surely equates to sales slowing as one would expect. The trend at ABC Sydney is no doubt reflected at many other retailers worldwide.


14_img_9713jpg_abc_silver_1kg_kilo_bars.jpg

14_img_9714jpg_abc_silver_1kg_kilo_bars.jpg

14_img_9715jpg_abc_silver_1kg_kilo_bars.jpg

It was a good day to pick-up the bars :)
 
thank you for sharing pics of such nice bars.

are they LBMA Good Delivery bars?
 
Altima said:
thank you for sharing pics of such nice bars.

are they LBMA Good Delivery bars?
Click to expand...

I don't think so - I think only the Mint is LBMA in Australia.
Someone correct me if I'm wrong.
 
Thanks for the info. ABC bars are really gorgeous no doubt.

Only problem is the people here prefer bars on the LBMA Good Delivery list.

Guess I could buy such bars for collection purposes.
 
Altima said:
Only problem is the people here prefer bars on the LBMA Good Delivery list.

Guess I could buy such bars for collection purposes.
Click to expand...

Nah, you'll sell ABC bars anyday of the week here with a reasonable price over spot.
 
Altima said:
are they LBMA Good Delivery bars?

Only problem is the people here prefer bars on the LBMA Good Delivery list.
Click to expand...


Please google 'lbma good delivery bars' and learn before making such statements

A good delivery bar weighs between 750 and 1100 ounces
How can a 1kg bar be a good delivery bar ?

The Perth Mint is the only Australian producer of good delivery bars
But Perth Mint's retail products have nothing to do with the lbma

If some people prefer Perth Mint bars over others it is because it is a well known Australian brand, not because of the lbma list
I don't see anyone here going on about bars from the Almalyk Mining and Metallurgical Complex in Uzbekistan (also on the list)
 
trew said:
Altima said:
are they LBMA Good Delivery bars?

Only problem is the people here prefer bars on the LBMA Good Delivery list.
Click to expand...


Please google 'lbma good delivery bars' and learn before making such statements

A good delivery bar weighs between 750 and 1100 ounces
How can a 1kg bar be a good delivery bar ?

The Perth Mint is the only Australian producer of good delivery bars
But Perth Mint's retail products have nothing to do with the lbma

If some people prefer Perth Mint bars over others it is because it is a well known Australian brand, not because of the lbma list
I don't see anyone here going on about bars from the Almalyk Mining and Metallurgical Complex in Uzbekistan (also on the list)
Click to expand...

Sorry if I have offended you. But that's the nature of business in Singapore. Buyers only look out for silver bars on that list. Doesn't mean it has to be 750oz cos the list refers to the refiners that make the bars. For example PAMP Suisse, Metalor, Perth Mint etc.

You can buy an ABC bar but it won't be easily recognizable in Singapore, thus it decreases it's liquidity. You will be surprised but people would rather pay money to buy a bar like the 1kg IGR silver bar made in turkey than the bars not in the list. That same principle applies to bars made in Uzbekistan or some far out places, but as long as its on the list it means it is of a certain standard.

Was just asking a harmless question that's all.
 
I suppose I should have said "LBMA Good Delivery List" instead. My mistake!
 
Altima said:
Sorry if I have offended you. But that's the nature of business in Singapore. Buyers only look out for silver bars on that list. Doesn't mean it has to be 750oz cos the list refers to the refiners that make the bars. For example PAMP Suisse, Metalor, Perth Mint etc.

You can buy an ABC bar but it won't be easily recognizable in Singapore, thus it decreases it's liquidity. You will be surprised but people would rather pay money to buy a bar like the 1kg IGR silver bar made in turkey than the bars not in the list. That same principle applies to bars made in Uzbekistan or some far out places, but as long as its on the list it means it is of a certain standard.

Was just asking a harmless question that's all.
Click to expand...

To my knowledge, Australians generally don't concern themselves with LBMA as a silver source. It's interesting that it is different in Singapore as per your experience.
 
No offense - I've just never heard of the lbma list being a factor at all.

PAMP, Perth Mint etc are widely known brands but I've never heard of anyone insisting on bars only from the lbma list
Perhaps things are different in Singapore as you say

I assume bullion dealers in Singapore have XRF machines
I don't think there would be any problem selling any branded bar to a dealer as long as it passed the XRF scan

I don't buy bars anyway, only coins
 
Altima said:
trew said:
Altima said:
are they LBMA Good Delivery bars?

Only problem is the people here prefer bars on the LBMA Good Delivery list.
Click to expand...


Please google 'lbma good delivery bars' and learn before making such statements

A good delivery bar weighs between 750 and 1100 ounces
How can a 1kg bar be a good delivery bar ?

The Perth Mint is the only Australian producer of good delivery bars
But Perth Mint's retail products have nothing to do with the lbma

If some people prefer Perth Mint bars over others it is because it is a well known Australian brand, not because of the lbma list
I don't see anyone here going on about bars from the Almalyk Mining and Metallurgical Complex in Uzbekistan (also on the list)
Click to expand...

Sorry if I have offended you. But that's the nature of business in Singapore. Buyers only look out for silver bars on that list. Doesn't mean it has to be 750oz cos the list refers to the refiners that make the bars. For example PAMP Suisse, Metalor, Perth Mint etc.

You can buy an ABC bar but it won't be easily recognizable in Singapore, thus it decreases it's liquidity. You will be surprised but people would rather pay money to buy a bar like the 1kg IGR silver bar made in turkey than the bars not in the list. That same principle applies to bars made in Uzbekistan or some far out places, but as long as its on the list it means it is of a certain standard.

Was just asking a harmless question that's all.
Click to expand...

First. A 750oz cos is a gigantic f$@&ing lettuce

Second. I'm sure that lbma are more desirable to fake due to their apparent ease of acceptance
 
Phiber said:
Altima said:
Only problem is the people here prefer bars on the LBMA Good Delivery list.

Guess I could buy such bars for collection purposes.
Click to expand...

Nah, you'll sell ABC bars anyday of the week here with a reasonable price over spot.
Click to expand...

Phiber,
What's your experience with PAMP 1kg bars here (ABC is selling them 9% over spot) ?
 
DanielM said:
Second. I'm sure that lbma are more desirable to fake due to their apparent ease of acceptance
Click to expand...

For sure. PAMP product has already been faked.
I have a lot of PAMP product but realise PAMP's downfall as an obvious target to fake.
In fact I mucked the order up and purchased the 2 ABC bars (above) instead of PAMP, not that I really care.
 
Are there any instances of 1kg Pamp's being faked?

Would be a lot more effort for a factory making different Serial numbers each time.
 
Only for gold as highlighted above. Have yet to see fake PAMP Suisse 1kg silver bars. Wouldn't be hard for the Chinese counterfeiters anyway!
 
LBMA isn't a very good to either BUY or NOT buy a retail sized bar. LBMA is "more often" knocked off around the globe and in America (the biggest bullion market in the world) it means nothing either.

In developed mature bullion markets like Australia & the USA, Brands that people trust are beyond the "buddy list" set by the bankers in London. The LBMA club is mostly a joke of financial scheming bankers (involved in manipulation of metals???) than it is actual mints taking care of us retail consumers.
 
silvermed said:
LBMA isn't a very good to either BUY or NOT buy a retail sized bar. LBMA is "more often" knocked off around the globe and in America (the biggest bullion market in the world) it means nothing either.

In developed mature bullion markets like Australia & the USA, Brands that people trust are beyond the "buddy list" set by the bankers in London. The LBMA club is mostly a joke of financial scheming bankers (involved in manipulation of metals???) than it is actual mints taking care of us retail consumers.
Click to expand...

Personally if I was doing a small time smelting operation to make my own pours or similiar I would buy LBMA bars in like big quantities as I would be guaranteed the quality other then for business I cant see the point
 
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