Buying Silver

[prettyboy88345]

I purchased almost 2 grand worth of silver from Scottsdale Mint and was told that it would take 6 to 8 weeks to receive the items I purchased. Is this normal and why does it take so long.

Thanks David W.

[SilverStorm]

If you are purchasing from Scottsdale Mint directly through their website, you have nothing to worry about.   They are a reputable minting company.    There is an unprecedented demand for PM, and you are one of many in the queue waiting for delivery.   As long as you have your invoice and proof of purchase, I wouldn't worry too much.   

I went on Scottsdale website and checked their FAQ.  See this link for your order status and when your order will ship: 

Frequently Asked Questions - Scottsdale Mint

 

Edited April 25, 2021 by SilverStorm

[DuaneL]

The misguided wallstreetsilver "silver squeeze" has had a big effect on the availability of silver bullion, lots of places with extended wait times and or taking pre orders not to mention higher then normal premiums. to achieve the goal of the "silver squeeze" they should be targeting the unallocated 1000 oz bars in the Comex vaults but that would require a lot of money ($26,000+ USD a bar)  so instead of hurting Comex which is their goal they are helping the mints and dealers make a larger profit.

[TommyTwoShots]

18 hours ago, DuaneL said:

The misguided wallstreetsilver "silver squeeze" has had a big effect on the availability of silver bullion, lots of places with extended wait times and or taking pre orders not to mention higher then normal premiums. to achieve the goal of the "silver squeeze" they should be targeting the unallocated 1000 oz bars in the Comex vaults but that would require a lot of money ($26,000+ USD a bar)  so instead of hurting Comex which is their goal they are helping the mints and dealers make a larger profit.

That might be their intention!