SILVER 0.30% $15.25 silver futures

what do you make of this, page-21

  1. 2,388 Posts.
    The answer arronk is the fear of inflation and potential hyperinflation, principally the US$ which has hit its debt ceiling and looking to raise it another $2 trillion more. Coupled with a stagnant economy and unpayable obligations they have no choice but to devalue their currency and by default raise the value of everything priced in it. Other countries all have similar issues. Hold paper at your peril.

    Just for general information I just got back from the Perth Mint. They are completely sold out of silver, expected waiting times are as much as 3 months, they just don't know, they seem really on the back foot.

    There will be no more Kookaburras available for the rest of the year, they have hit their 500,000 maximum mintage (due to them being a currency they have a strict limit). All you can get is whatever is sold back to them, they had all of 2 coins and she seemed rather chuffed to have even that. You can however order Koalas which have no face value.

    Demand has been unprecedented, every man and dog is buying on this dip, I've never seen the place that busy.

    I was asking why even cast bars can't be produced without a potential 3 month wait (which is just absurd for a mint that claims plenty of metal). She mentioned one 'machine' was being replaced but other than that she didn't know.

    I'll let you know what the real delay turns out to be (I ordered cast bars), it should be interesting to see how tight the physical market really is.


 
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