The simplest way to know Perth Mint are having supply issues is they are limiting retail silver customers to one tube of coins and other bars per HOUSEHOLD. I didn't notice much problem with the depository program a few months ago except longer lead times than normal.
I suspect what is happening is due to the silversqueeze and the existing contracts Perth Mint have with dealers around the world they are prioritizing those contracts over Australian customers. That noise you can hear is all the available silver being vacuumed up around the world, and even with 20% more staff this year Perth Mint cannot keep up at its mint. If you remember earlier in the year Perth Mint had to get chinese silver to cover the cracks which were appearing and I suspect right now they have much less silver than earlier in the year.
However the biggest sign will be when anything but unallocated (paper) silver will be blocked from being purchased. The unallocated program makes them the easiest money as it is all virtual and I think is their biggest financial growth in the last years. They are so addicted to that easy money I can't see them stopping it with their own willpower even as the market melts down over physical supply.
- Forums
- ASX - By Stock
- Ann: Weather Event at Mt Boppy, Gold Production to Continue
The simplest way to know Perth Mint are having supply issues is...
-
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MKR (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.9¢ |
Change
-0.006(10.9%) |
Mkt cap ! $38.20M |
Open | High | Low | Value | Volume |
5.4¢ | 5.5¢ | 4.9¢ | $33.85K | 662.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 27600 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 25000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 27600 | 0.049 |
1 | 30000 | 0.048 |
1 | 67777 | 0.047 |
1 | 12000 | 0.046 |
3 | 955523 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 80056 | 1 |
0.057 | 317777 | 3 |
0.058 | 103777 | 2 |
0.059 | 257250 | 2 |
0.060 | 509935 | 4 |
Last trade - 15.53pm 01/11/2024 (20 minute delay) ? |
Featured News
MKR (ASX) Chart |