Perth Mint Crisis Update

[OldCoin]

6 hours ago, SidS said:

From my point of view, I don't think there is a silver shortage. Now I'm not knocking silver or stacking in any way. I love silver as much as the next person on here but I am looking at it from a different perspective perhaps.

To me a shortage should be 'global' (which could be inferred as worldwide, but also as just everywhere in general - this will hopefully make more sense below).

Think back to the toilet roll shortage back in 2020, couldn't find them for love nor money, everyone fighting over the same things, it wasn't one brand or one type, or one shop's stock, it was just everywhere, even online.

To me this kind of scenario would be indicative of a real silver shortage. So sure maybe certain mints/retailers or items are short. But I can go on eBay any day of any week and purchase silver, be that bullion coins, bars or antiques. Sure the prices for some items have gone up, maybe beyond what they are really worth, but the silver is still available. So it's not rare.

Now when you find sites like eBay have little or no silver available, and all the coin shops are out of stock and there's little to nothing in jewellers, then you know you have a real shortage. Once the secondary markets run out, that's the real barometer.

Just my two cents.

There is increased demand which is another way of looking at it, and saying the same thing because that creates shortages. There is shortages because the bankers and industry and silently pulling massive tonnage off the comex, and this has created tremors throughout the whole industry. That is called front running a bull market as they see it looming, they are shorting it to give them time to accumulate the physical.

 When you stack up the real silver v's the BS paper traded there is a discrepancy, and a massive one, and that would be a "shortage".

And the bankers are shorting in a different way too, it so it will never get it's true value, for if it even got to be near it's real price and people saw that then you would not be able to get any, and I hope and believe that will happen. If that can't happen then we're near the end. The shorting is trying to lessen demand and not reveal the real shortage.

Yes silver is running short for what is coming, that's my take on it. Absolutely there is a shortage given the increased demand. There's no other explanation. There's a lot of trolls out there paid to quell the panic too, see them come out now. Nothing to see here. Not saying anyone here is a troll but you never know.

[OldCoin]

Let's also imagine that bankers know that it's the last tool of bankrupt governments which they bankrupted with their games and the corrupted governments complicity, that returning to a gold/silver standard partially will potentially happen. As if they don't know what the plan is. Look, Gold/Silver is about the only hope of the every day guy to have any retirement or save his life's earnings to enjoy later. Maybe they will not let that happen, and if that's the case were all being set up. But we need to remain hopeful there is some future worth living for, and Silver is a big part of that hope in worldly terms.

[Bigmarc]

25 minutes ago, Spark268 said:

In the photo supplied by the mint itself, the amount of silver looks sparse, and at least one of the keyboard warriors over at WSB has raised doubts over the authenticity of the photo

Yes a empty warehouse. Look at the bars at the back, they wouldn't be shipped like that and on those pallets. Looks like they have been spread out for the purpose of the photo. What weight do you think the bars at the back are? 

And why is he wearing safety glasses?

 

 

[OldCoin]

16 hours ago, ZigZag said:

Bix Weirs take on it.

For all his seemingly wildish price predictions, he does put up some rationale for the way things happen.

What I don’t get is why people store with the mint anyway, other than security, in which case there’s got to be other safe forms of storage?

 

Because they see it as price exposure without the security costs and get suckered in with "free storage" In some cases they've been charged storage. It suits only the bankers there's nothing to be gained in making a better world with the existence of fake trading a commodity, it just gives the rich and in the know an advantage to never let the little guy get anywhere, most of these people have never picked up a shovel in their life that's for peasants like us.

I agree there's nothing like the real thing

[Bimetallic]

On 28/03/2021 at 16:53, dwreck said:

Yea there is no shortage. They just shut down the US, Canadian, Australian, and Mexico government mints... (did i miss one?) That's all temporary until our owners get control of their terrible fiat currency situations

Problem: They didn't.

The claim about the US Mint appears to be false. The only shutdown I'm aware of is the Mexican Mint. I'm not aware of any shutdown of the Royal Canadian Mint. I have no idea about an Australian shutdown, other than buzz about Perth and their allocated or pooled accounts or whatever. Is Perth production shut down? If so, what about RAM, the Royal Australian Mint in Canberra? Australia has two mints, not just Perth.

The best measure of shortages is availability and price. By that measure, your conspiracy theory collapses. At SD Bullion, one of the best and lowest priced dealers in North America, 2021 Australian Kangaroos are dirt cheap right now, the cheapest of all the major silver coins, at $31.30 for singles and $30.90 at tube quantities. (And that's with free shipping on orders over $199.00, so a tube ships free.) Well, "dirt cheap" in the context of the present silver bullion market.

2021 Silver Maples are next up at $32.79 for singles, and 2021 Eagles are the most expensive at $35.79 for singles. The prices go down if you get tubes, and they go down again if you order monster boxes.

I'm not saying these are great premiums – they're not, and I wouldn't pay them, except maybe the Kangaroos if I could get them without sales tax. (California is one of the few states that imposes sales tax on precious metals bullion, except for purchases over $1,500 for some reason. The sales tax rate varies by locality, and mine is 9.25%, so I always make whatever arrangements necessary to avoid said lecherous extortion.)

In any case, the broad claims of shutdowns, present tense, appear to be false. Silver isn't nearly important enough to be the focus of massive conspiracies of this sort, and organizations like the US Mint have no motive to be operatives in such conspiracies, which would severely reduce their revenues...

Edited April 1, 2021 by Bimetallic

[dwreck]

Honestly I'll just stop wasting my energy here. I meant temporarily shut down. Sorry if you can't do your own research to figure out which mints are temporarily not minting. It's also sad i haven't been to a coin show in my state for over a year solidifying the fact that collecting coins is dead by me except thru ebay until our gods tell us when it's safe to go outside. Mommy is it ok yet? Bye

[ady]

Decision is yours!

[Bimetallic]

5 hours ago, dwreck said:

Honestly I'll just stop wasting my energy here. I meant temporarily shut down. Sorry if you can't do your own research to figure out which mints are temporarily not minting. It's also sad i haven't been to a coin show in my state for over a year solidifying the fact that collecting coins is dead by me except thru ebay until our gods tell us when it's safe to go outside. Mommy is it ok yet? Bye

But do you mean shut down right now? Or are you talking about some point last year? The only US Mint shutdown I know about was over a year ago. Almost everything shut down at some point last year, so I don't understand the particular importance of mints shutting down. They wouldn't have considered bullion production an "essential" service or product, so they behaved the same as most businesses.

[Spark268]

Panic over ! The Perth mint is now fully stocked, according to the newest press release 

 

[Zhorro]

1 hour ago, Spark268 said:

Panic over ! The Perth mint is now fully stocked, according to the newest press release 

Yet another April Fool story?

[LawrenceChard]

On 28/03/2021 at 12:03, dwreck said:

It's the future and we don't need silver as currency anymore because it's worthless and gold is a relic of the past.

Absolutely right!

But don't worry, just ship it all to us here in Blackpool, and we will dispose of it for you free of charge. 🙂

[LawrenceChard]

On 25/03/2021 at 23:11, OldCoin said:

Is Perth Mint defaulting on silver orders?

I didn't have time to watch any of the videos.

We did receive a Perth Mint shipment a few days ago, which included:

Five ounce silver Oxes / Oxen, and

One ounce silver Koalas.

Most years, our Perth Mint bullion orders get staggered due to high demand, and to meet highest production targets, they concentrate on one size / weight at a time.

If we ask them, we can usually get much faster response, and more information from Perth Mint than just about all other mints combined.

[Robda1986]

🤔 No evidence of when they had the stock 

[OldCoin]

I guess the balance and order sheet says everything, in this case a picture can give a false impression when you consider all the demand worldwide and locally how much silver does that take, and then what's left in the vaults in reserve every week.

besides the trust in the BTC market I agree with the author of this videos opinions about what is happening in the silver market, particularly with the lack of continuity with money supply v's fiat price value of the metal, and the logical reasons for that lack of logic in the markets v's other commodities. The only logical reason is deception and corruption and monopolization of control over the physical metals for the building bull market. Definitely the tremors of an emerging bull market in my opinion.

This guy is worth following, very reasonable I think. He references Perth Mint and says they are rationing silver out which is true. Is this so the smart/evil money can take delivery and drain the physical market to front run the emerging bull?

 

[OldCoin]

On 02/04/2021 at 07:58, LawrenceChard said:

I didn't have time to watch any of the videos.

We did receive a Perth Mint shipment a few days ago, which included:

Five ounce silver Oxes / Oxen, and

One ounce silver Koalas.

Most years, our Perth Mint bullion orders get staggered due to high demand, and to meet highest production targets, they concentrate on one size / weight at a time.

If we ask them, we can usually get much faster response, and more information from Perth Mint than just about all other mints combined.

That's a good testimony. They are great coins, perhaps the best in the world. I hope they remain viable and maintain the confidence of their supporters who made them what they are.

[DarkChameleon]

PM make good coins or good QQ especially compared to RM...the premium tells the story even before the stupid stuff started.

[OldCoin]

Yep and moral of the story is if you hate the current premiums you will really hate the premiums to come, as a indicator of real price direction.

The silver to keep the market stocked is there but the market manipulators with combined mega capital are hoarding it and will ration it out like a bread line, at inflated prices. Only way to circumvent that may be to secure what you need now or cry later I guess?

[OldCoin]

And that sends a shock wave all the way down the line to the local dealer who is also paying inflated premiums himself.
 

[DarkChameleon]

4 minutes ago, OldCoin said:

And that sends a shock wave all the way down the line to the local dealer who is also paying inflated premiums himself.
 

My lcs are paying $7 premium for some stuff

[OldCoin]

7 minutes ago, DarkChameleon said:

My lcs are paying $7 premium for some stuff

Wow !

[DarkChameleon]

1 minute ago, OldCoin said:

Wow !

The grey sheet is where they're all running from and order sheets won't sell any less then 1000 on maples, brits, eagles...even when silver dropped by $1 the cost of tubed 21s was exactly the same, like the drop hadnt even happened...stayed at $690 for a tube at spot of 24.50 as at 25.50....you can't make money at that price splitting out into singles.

[OldCoin]

This dialogue was interesting. Some of my thoughts are that JPM is nothing more than a puppet for a emerging power, a New World Order if you like. If they intend to transition to a one world digital currency which I believe is their plan, then they do not want the fact silver is such a raving good buy and has been suppressed for a very long time, they don't want that cat out of the bag, so unless the short squeeze by physical believers can outrun their manipulation, I'd be expecting the manipulation to continue and even become more entrenched. The fact they can get away with it tells me it's a far bigger agenda way above JPM, Billy Goats, and all the other demons without any moral compass. This financial terrorism is the emerging Totalitarian Communism regime, and so is the Socialism that will always lead to said Communism, as Vladimir Lenin was quoted. Like in Revelation, the beast made war with the saints for a time, but eventually evil destroys evil, and good prospers. But my addage is, not if good people don't stand and uphold the righteous morality. Financial morality is getting away from fake money in every way, as they can't control metals in the long run and if every last oz is bought up by the righteous people, and we form our own system of trade and settlement, then there would be no support for the existence of these demonic parasites. That's why everything is regulated to hell in this current system so you and I can't bypass these rotten scoundrels and their sick evil agendas.

https://www.youtube.com/watch?v=13VMlFPNFHM

Edited April 7, 2021 by OldCoin

[ScentSationCandles]

The Great Reset. Global corporate tax. Vaccine passports. Universal Basic Income. Green New Deal.

It isn't the Book of Revelation I'm worried about. It's the individuals who appear to be using it for world domination. Certainly we agree that it's too coordinated to be coincidental. Definitely words like "righteous" and "morality" are important, appropriate and accurate and no one should ever be barred from using them. But even their counterparts like "equality," "equity" and "justice" have been corrupted by the opposite by the other wing to have a stigma to them that was not originally intended. They were supposed to mean "equality of opportunity" "kindness, respecting and loving one's neighbor." When all the words you could possibly use have a stigma to them on one "side" or the other, it would seem that no choice could really be wrong, even if all of them have been redefined to leave a bitter aftertaste. A word that came to my mind, an old word, is iniquity, meaning "a false balance." The concept that a person or organization can decide what is best for others and take from the other what is not theirs, primarily a lust for power and control.

You posts are wealth of information and wisdom, OldCoin. Thank you.

[OldCoin]

5 hours ago, ScentSationCandles said:

The Great Reset. Global corporate tax. Vaccine passports. Universal Basic Income. Green New Deal.

It isn't the Book of Revelation I'm worried about. It's the individuals who appear to be using it for world domination. Certainly we agree that it's too coordinated to be coincidental. Definitely words like "righteous" and "morality" are important, appropriate and accurate and no one should ever be barred from using them. But even their counterparts like "equality," "equity" and "justice" have been corrupted by the opposite by the other wing to have a stigma to them that was not originally intended. They were supposed to mean "equality of opportunity" "kindness, respecting and loving one's neighbor." When all the words you could possibly use have a stigma to them on one "side" or the other, it would seem that no choice could really be wrong, even if all of them have been redefined to leave a bitter aftertaste. A word that came to my mind, an old word, is iniquity, meaning "a false balance." The concept that a person or organization can decide what is best for others and take from the other what is not theirs, primarily a lust for power and control.

You posts are wealth of information and wisdom, OldCoin. Thank you.

Yes, in my opinion, dare I say, everything has been weaponized against we the people who have a basic inherent right to prosper and live free from slavery/usury.

The war of words is poisoning many minds who cant see the implications or how they are manipulated to an end that doesn't suit their short or long term interests. Double Speak is everywhere.

I've come to see that nothing in the world is by a completely natural occurrence or means, except for nature where un-corrupted or unpolluted, in other words everything is controlled by a hidden hand for a hidden purpose or agenda that you pay for and are coerced deceptively to be part of but are not privy to the truth, unless you can figure it out for yourself. As an aside, I think that's why a lot of us were attracted to silver. I basically trust a 180 deg flip of what spin narrative were fed in the mainstream is more likely the truth.

False balances are more popular than ever, and so are corporate and global government/currency/reset/green new BS deals etc. and excused with bogus agendas like Covid to kick it off, eg. The magic word to be a cover for any nonsense not normally acceptable, and quacks and scientists lost every idea about morality look at CERN and their new particle beam that they are sending into space WTF, these vaccine forcing and spin doctoring going on in mind boggling and in every country, they are all in on this agenda and whatever you believe I bet you see the motives are not good and based on control.

The world has become a mess and 2001 was the major turning point, things looking forward from here 2021 don't look pretty, we must remain hopeful but do what we can to bring change that actually suits the people. The Silver Squeeze Redit group for example has made waves and this is a great example at how we can unite together for a cause.

We will lose more rights if we do nothing. And what gives in the end, I believe evil will destroy evil, but a huge toll will be paid for our iniquities for being misled and giving our posterity away for a bowl of porridge today, like the historical story of Esau.

We all play a part in the emerging world and we all have an opportunity to make it a better place for those who come after us. Thank you too for your angle ScentSation

 

Edited April 7, 2021 by OldCoin

[ScentSationCandles]

I started waking up to this stuff in 2006. Before then I was fully invested in the lie, so I understand all of the people that want to avoid the truth at all costs. I was one of them. Because it's all so much simpler to believe what you're spoon-fed instead of doing real research which requires exploring all arguments and then picking them apart and reconstructing them one by one. I can't help but come to the conclusion that we've been lied to for a very long time, not just 2001, but 1913. Not just 1913, but perhaps for thousands of years.

Edited April 7, 2021 by ScentSationCandles