silver shortage really....

[craig12]

i hear a lot of the silver shortage and bullion dealers having no stock , but checking bullion by post , im begining to wonder , theyve loads of stock ,ok certain items there waiting for but lots of  in stock stuff flagged  coins , bars , ok i do buy the argument that stackers can strike a better price than bbp , but if theyre all out then bbp would be flagged up no stock ..i begin to wonder if the silver shortage thing is true , how can bullion by post be allowed to have all this stock?

Edited August 14, 2021 by craig12

[Spark268]

over the past 6 weeks or so the silver demand has softened significantly and dealer inventory levels are returning to normal

[dangelo]

I bet they don't have that stock - they just lie to look good and attract people to their sites...  then when people order, they come up with excuses for not delivering.  trust rating for that company is 0 or negative from 0. 

[sixgun]

i am sure there were recent times when dealers did not have any or much stock. i see on Atkinson's website they have a banner notice that customers should expect a 2 - 4 day delay in orders being sent out. 

What is important is that there is raised investment demand. Now at the moment i wouldn't want there to be some meteoric rise in metal prices which in any case will not happen until and unless the West is drained of gold. This will eventually happen - it is only a matter of time. That for example the COMEX has become a delivery market is drawing down the COMEX bar inventory. It will eventually crack, there will be defaults, industrial users will panic and then the house of cards will collapse. So what is important is upping the investment demand to tighten the industrial supply. If the likes of Apple panicked and decided they wanted a sizable inventory they could blow up the silver market next week. The silver squeeze is not a one day or one week or even one year thing - it is consistently taking silver out of the hands and reach of the bullion banks. The big industrial users will blow it up - once one wants its own stockpile they all will.

So if you decide you want more gold and silver whether or not there is a significant shortage (which you will not know about until it is too late) then you should not let up - you keep stacking what you can afford. If you decide you have enough, then there is likely something else you need to hoard like food or some such. Prices are rising in the shops and you can beat inflation that way.

Edited August 14, 2021 by sixgun

[SilverDrum]

1 hour ago, dangelo said:

I bet they don't have that stock - they just lie to look good and attract people to their sites...  then when people order, they come up with excuses for not delivering.  trust rating for that company is 0 or negative from 0. 

What do you base this on? I've had nothing but great experiences with them myself. 

[cravethatcoin]

I've been stacking since 2011 and have never experienced a time when I couldn't buy silver/gold. During the start of Covid there was certainly supply chain issues. A lot more demand and lower supply but other than that it's been consistent. Not sure if this is the case with other dealers/countries though.
 

[Paul]

13 hours ago, dangelo said:

I bet they don't have that stock - they just lie to look good and attract people to their sites...  then when people order, they come up with excuses for not delivering.  trust rating for that company is 0 or negative from 0. 

although 98% of the time they are dearest dealer to buy from, the few times i have used them have been flawless, great service and product in stock  

[LawrenceChard]

17 hours ago, craig12 said:

i hear a lot of the silver shortage and bullion dealers having no stock , but checking bullion by post , im begining to wonder , theyve loads of stock ,ok certain items there waiting for but lots of  in stock stuff flagged  coins , bars , ok i do buy the argument that stackers can strike a better price than bbp , but if theyre all out then bbp would be flagged up no stock ..i begin to wonder if the silver shortage thing is true , how can bullion by post be allowed to have all this stock?

My usual, quick, response to any mention of "the silver shortage", is that it (the shortage) does not exist, and that it is rumour and hype peddled by silver bulls (and bullshitters). which would include miners, brokers, speculators, investment bankers, and conspiracy theorists, however...

Modern commodity markets, although theoretically backed by physical supply options, do facilitate negative or short positions, meaning that the market could be in shortage, but I would argue that this is not the same as an actual shortage of physical metal.

During the Covid pandemic, which is still extant in most of the world, although non-existent according to a highly vocal few, there have been production delays at mines, refiners, and mints, combined with transport delays and interruptions, compounded in the UK and EU by Brexit, which has re-introduced extra customs procedures, declarations, and checks.

These are the real, actual, reasons why most brokers and dealers have been short of physical stock of silver. (It has also applied to gold supplies). During the actual or imaginary pandemic, there has also been increased investor demand for precious metals; combined with the production and transport disruptions, of course.

You mention "bullion by post", and I presume you mean the high profile Birmingham based UK dealer Bullion by Post. 🙂

I have little doubt they they have "loads of stock" now, but will have been experiencing similar delays to every other dealer, including the much longer established @ChardsCoinandBullionDealer based in Blackpool, of all places. I have not spoken to Rob at BbP for quite some time, but I am sure that for the past 18 months, much of their stock will have been paid for, but awaiting production and shipping. This has certainly been the experience in Blackpool. I can also tell you that whenever I descend into the Chard bunker, there is quite a lot of shiny white metal stacked up. This now includes 2021 silver bullion Britannias, almost for the first time in 18 months, There are also lots of kilo silver bars, and other silver bullion coins. It is also true that most of the 2021 silver Britannias we own are in the supply pipeline rather than in our strongrooms. This is quite good as we are now expecting to receive these within 2 to 4 weeks instead of 6, 8, or who know how many weeks during the past 18 months. Chard also holds substantial physical stock in a secure Zurich storage facility. 

Your question "how can bullion by post be allowed to have all this stock?" puzzles me somewhat. In a free, democratic, country like the UK, we are all free to have as most stock of silver as we like. There is no rule, regulation, or law whcih says we can't, unless we mean the "law" of supply and demand. Dealers could have stock, or more stock, if they chose and could afford to buy more, or if they chose not to sell it, or to increase their prices to maximise profits and maintain stock levels.

One comment on your post calls into doubt whether BbP do have the stock they appear to have. As a competitor, I would be happy to join in if I thought that was the case, but from my experience, I feel sure they do actually own significant stock.

We could offer tours of our secure storage facilites, at least the ones in Blackpool, but we would want to charge for them (why not?), and for security reasons, we might just have to kill people before we let them out! 😎

 

[LawrenceChard]

1 hour ago, Paul said:

although 98% of the time they are dearest dealer to buy from, the few times i have used them have been flawless, great service and product in stock  

What?, Even dearer than the Royal Mint? 🙂

[Spark268]

3 hours ago, LawrenceChard said:

silver bulls (and bullshitters).

LOL !

[LawrenceChard]

New Metalor Kilo Silver Bars

We recently bought a quantity of "new" Metalor kilo silver bars from a well-known European dealer, instead of direct from Metalor, and these are some examples of what we received:

 

As you may imagine, we are currently in discussion with them.

Edited August 17, 2021 by LawrenceChard

[TommyTwoShots]

Lol ‘silver squeeze’ was a roaring success then...

[SidS]

Antique silver is everywhere. The metal is not rare at all.

Certain modern products may have supply and distribution issues on occasions, but if you're not fussed on the form of the silver there's millions of spoons, cream jugs, Vesta cases, snuff boxes and cigarette cases out there all looking for homes.

 

[MonkeysUncle]

On 14/08/2021 at 22:08, dangelo said:

I bet they don't have that stock - they just lie to look good and attract people to their sites...  then when people order, they come up with excuses for not delivering.  trust rating for that company is 0 or negative from 0. 

I have always found their service to be excellent and that they have stock if they say they do.

Indeed, when I've tried to order X coins before the website flags up their stock level if they have less than X in stock.

[MonkeysUncle]

On 17/08/2021 at 15:51, LawrenceChard said:

New Metalor Kilo Silver Bars

We recently bought a quantity of "new" Metalor kilo silver bars from a well-known European dealer, instead of direct from Metalor, and these are some examples of what we received:

 

As you may imagine, we are currently in discussion with them.

Crikey! Looks like those silver bars walked up to Mike Tyson and insulted his mum!

[LawrenceChard]

On 17/08/2021 at 15:51, LawrenceChard said:

New Metalor Kilo Silver Bars

We recently bought a quantity of "new" Metalor kilo silver bars from a well-known European dealer, instead of direct from Metalor, and these are some examples of what we received:

As you may imagine, we are currently in discussion with them.

Here is a comparison shot showing the normal quality and one from the recent batch:

Sure, silver is silver is silver, but I know which I would choose.

[silenceissilver]

On 15/08/2021 at 11:57, Paul said:

although 98% of the time they are dearest dealer to buy from, the few times i have used them have been flawless, great service and product in stock  

I agree. As most people who have been on the forum for a while, I have bought from most big UK dealers and from all of them I'd particularly recommend @LawrenceChard and @BairdMint and only not recommend one which is Hatton Metal Gardens because they sent me the wrong Sovereign and even the wrong confirmation and didn't react to my emails, even though admittedly they were very harsh. No issues with Bullion by Post. Of course the prices don't tend to be best ones, but it's still within reason compared to some small local dealers I bought from.

On 15/08/2021 at 13:46, LawrenceChard said:

We could offer tours of our secure storage facilites, at least the ones in Blackpool, but we would want to charge for them (why not?), and for security reasons, we might just have to kill people before we let them out! 😎

 

That is unless we kill you first and run off with your stock! Anyone interested, please send me a PM! 😀

[Bars]

56 minutes ago, silenceissilver said:

I agree. As most people who have been on the forum for a while, I have bought from most big UK dealers and from all of them I'd particularly recommend @LawrenceChard and @BairdMint and only not recommend one which is Hatton Metal Gardens because they sent me the wrong Sovereign and even the wrong confirmation and didn't react to my emails, even though admittedly they were very harsh. No issues with Bullion by Post. Of course the prices don't tend to be best ones, but it's still within reason compared to some small local dealers I bought from.

That is unless we kill you first and run off with your stock! Anyone interested, please send me a PM! 😀

PM'd

[LawrenceChard]

2 hours ago, silenceissilver said:

I agree. As most people who have been on the forum for a while, I have bought from most big UK dealers and from all of them I'd particularly recommend @LawrenceChard and @BairdMint and only not recommend one which is Hatton Metal Gardens because they sent me the wrong Sovereign and even the wrong confirmation and didn't react to my emails, even though admittedly they were very harsh. No issues with Bullion by Post. Of course the prices don't tend to be best ones, but it's still within reason compared to some small local dealers I bought from.

That is unless we kill you first and run off with your stock! Anyone interested, please send me a PM! 😀

 

1 hour ago, Bars said:

PM'd

Visitor tickets for the Chards Bunker and Strongrooms Tour will shortly be available. 

Reservations should be accompanied by a non-refundable deposit of £100.

All money received will go towards the Lawrence Chard memorial fund.

🙂

* When @silenceissilver said send him a PM, he did not mean a Private Message, he meant a Perth Mint gold bar, preferably one kilo!

[HerefordBullyun]

9 hours ago, LawrenceChard said:

 

Visitor tickets for the Chards Bunker and Strongrooms Tour will shortly be available. 

Reservations should be accompanied by a non-refundable deposit of £100.

 

Only if complimentary rides on the big dipper included, followed by bingo and with pie n chips,followed by of some man who thinks he can sing only to find out that he is possibly the worst club singer in the world. These are my fond memories of going t'up north.

Edited August 21, 2021 by HerefordBullyun

[TommyTwoShots]

I have found Hatton Garden metals to be superb. Shame their prices have gone up a bit. I have bought dozens of times from them and had a great experience each time.

[TommyTwoShots]

On 20/08/2021 at 12:13, SidS said:

Antique silver is everywhere. The metal is not rare at all.

Certain modern products may have supply and distribution issues on occasions, but if you're not fussed on the form of the silver there's millions of spoons, cream jugs, Vesta cases, snuff boxes and cigarette cases out there all looking for homes.

 

Wish I knew where all the goodies were I really struggle to find Sterling at spot.

[Uksilverstackers]

On 17/08/2021 at 20:19, TommyTwoShots said:

Lol ‘silver squeeze’ was a roaring success then...

Hmmmm, PSLV has been sitting at 150,928,244oz, since July 16, not one ounce added, given all the Silversqueeze Apes supposedly buying the dip.

So maybe there are no 400oz bars to be had at current prices or there has been no buying of PSLV.

Edited August 21, 2021 by Uksilverstackers

[flim]

how to tell if the 400oz bar comes unsalted ?

[Happypanda88]

1 hour ago, flim said:

how to tell if the 400oz bar comes unsalted ?

If a 400 oz bar is salted then its condition is preserved so does not milk spot nor tarnish.

But an unsalted bar that's not preserved will milk spot and tarnish over time !! 👍😄