This morning I thought I'd briefly look at the Perth Mint 2109/2020 Annual Report ...
https://www.perthmint.com/documents/Annual%20Reports/The%20Perth%20Mint%20Annual%20Report%20FY19-20.pdf
I only searched for the word silver, and found some interesting figures that might appear to challenge the claim that there is no issue with a silver shortage at the Perth Mint.Firstly to the quote by Perth Minth CEO Richard Hayes
NB: 350 tonnes is roughly equal to 11 million ounces
Now to some of the statements in the 2020 Annual Report
Give or take a few tonnes, but doesn't 10.74 million silver kangaroos pretty much represent (roughly) 350 million tonnes ?
And further last year (2020) Perth Mint SOLD 533 tonnes of silver!
If we subscribe to the view that the Perth Mint probably is feeling the heat from demand for physical silver, then I guess that means that there is no spare capacity to supply the London Markets
Maybe the Perth Mint can easily explain the differences between production volume vs sales volumes, but I am now a bit more skeptical and frankly a little more concerned about supply claims.
In addition to my PM shareholdings and quantities of physical silver, I had a relatively significant amount of unallocated silver at the Perth Mint, which over the weekend I have since liquidated and this week likely convert to a combination of physical and PSLV which seems like a safer option.
