There is no silver shortage!

[Silber]

There is no silver shortage: https://www.perthmint.com/news/media-announcements/investor/no-silver-shortage/

What an odd thing to say...



(I joined here ~10 years ago and was largely inactive since then - I just logged in just to post that)

 

[whay]

"As a leading BS manufacturer, we can assure you there is no shortage of BS and in fact we are completely full of BS, it just isn’t in the specific forms being requested by our customers which is putting pressure on manufacturing operations. The BS Mint is completely focused on meeting the surge while maintaining the highest standards of BS". The Perth mint is full of it!

 

[dollars]

Best practices “Conspiracy theories 101” confirmation verified when officially denied !

 

[Silber]

According to the latest update at https://www.perthmint.com/customer-care/latest-notices/ you currently can not order bullion silver from the Perth Mint. But ...

> there is no shortage of silver, it just isn’t in the specific forms being requested by our customers

(Maybe the "specific form" here means "bars and coins" instead of "paper and bits"...? )

 

[spannermonkey]

Just marketing spin from a corporation .
Let's see what they have to say in April .

 

[JohnnyBravo300]

There's no silver shortage around my house.
I know that much.

 

[bubblebobble2]

Are you selling op?

 

[leo25]

Seeing stock starting to build up across most dealers all around the world and not really selling strong anymore.

Seems it wasn't a shortage, but rather an increase in damand that just happened to occur when most refiners/mints were closed over xmas and new years. Which then created a short term feedback loop, where as people saw less stock it created more fomo demand.

 

[Ghost Story]

Not such a bad thing means I didn't buy much.

 

[braz]

Seeing stock starting to build up across most dealers all around the world and not really selling strong anymore.

Seems it wasn't a shortage, but rather an increase in damand that just happened to occur when most refiners/mints were closed over xmas and new years. Which then created a short term feedback loop, where as people saw less stock it created more fomo demand.

I disagree, there is a silver shortage.

Ask any manufacturer who requires silver for their goods why they're locking in the dips and their reply will be a complete contradiction to your suggestion.

Yes, there became an increase in demand from the physical collector side (us) wanting coins, bars etc. with all the pretty pictures, but the reality is, the industry as a whole is short. Very short.

 

[leo25]

Ask any manufacturer who requires silver for their goods why they're locking in the dips and their reply will be a complete contradiction to your suggestion.

I would imagine that was due to silver getting diverted to consumer products that were able to sell products for 40% above spot than to industry that is only will to pay spot.

Premiums are starting to drop as consumer demand drys up, I’ve been tracking many products on consumer dealers sites and stock is barely selling anymore. I think once this back log clears in a few months then industry will have no issue getting silver again.

But as always time will tell.

 

[JohnnyBravo300]

Seems like everyone in the States that wants it already has it.
There's no demand from the npcs.

 

[betterinvestmentthanshare]

Humans are a funny bunch, they only get interested when prices are going crazy.
It happens across all sectors, metals, crypto, stocks, property, 2008 uk 20p error coin, isnack vegimite, Covid 4wd’s, caravans the list goes on and on