This page has been archived and commenting is disabled.
Scotia Mocatta Sells Out Of All Silver Bars
When a week ago we noted that ScotiaMocatta sold out of the Valcambi 1 kg block, yet once again showed the 100 oz silver bar as back in stock, we said: "We will keep tabs on how long before this also becomes "sold out."" We have the answer and it is 7 days. As of today, Canada 's biggest bullion bank is out of not only the 100 oz silver bar, but all silver bars! This follows yesterday's news that in January the US mint sold 50% more silver than in any month before.
A screen capture of ScotiaMocatta's online store page as of January 24...
And as of today:
h/t Silver Watchdog
»
- 21455 reads
- Printer-friendly version
- Send to friend
- advertisements -
I ask because no one ever does say outright; your reasons for a top?
lol, *crickets*
I'm with you topper but we won't have to wait till next year.
Well,
I have always said eventually we will have a deflationary collapse. But perhaps not before an inflationary nightmare that causes the deflation. But someone here said something a few weeks ago that made sense to me. "Even if deflation finally does happen, Precious metals may take an initial hit but will then sky higher as the US dollar will no longer be the World's reserve currency". And with other currencies using Gold and Silver as backing of their currencies (Ahem, China) the metals will spike again anyway.
Plus I hate JPM Chase...so I just bought 20 US Silver Eagles. 20 Silver Maple Leafs and 10 / 10oz Silver Bars. Just dipping my toe in the water. Hopefully that shark Blythe won't bite it off!
Blythe feeds on paper, you are safe.
Precious metals do great in deflation, because of the uncertainty in the markets. What bottomed first during the last "Financial Crisis"? Precious metals bottomed in the Fall of '08. Compare that to equities in the Spring of '09, and you see what bounces back first. If Muni Madness and an EU default hit at the same time (not to mention US State default) we could have massive deflation, but where will money run? Probably high grade corporate bonds, and maybe the dollar, but precious metals trade well on a higher dollar. I think that is because of the truth that people have to spend dollars while they have them. What better to buy than PMs?
If there are any PMs to buy! Don't forget in the fall of '08 PMs were still being massively manipulated. When the crash comes, physical will be free of it's chains. Hallelujah, eyes to the sky my friend.
Actually, Kitco (canadian office in Montreal) had been out for a month but just got a fresh batch of 100oz bars.
"It's not a shortage, just a delay"
Jon Nadler
Well guess what... there gone already!
I'm waiting for the cuddly talking bears to confirm and further explain the ramifications.
;-)
Mr Silver said end of the first week in February. He has a blog now:
http://silvergoldsilver.blogspot.com/
More seriously, does anyone know of reputable private vaults in Canada?
I order my PMs from my local, small town Royal Bank branch. London Spot price, plus $60 an ounce premium on gold, plus $15 delivery charge for any amount. Delivered in 2 or 3 days, then I put it in a safety deposit box in their vault.
I buy bars or wafers because Harmonized sales tax is charged on coins but not on bars which doesn't make much sense but that is the rule.
BMG http://www.bmgbullion.com/
Google
100 oz silver bars
About 182,000 results (0.23 seconds)I was wondering when the trolls would show up on this thread!
Ive been here since before you were born.
I don't reckon that's possible, lowballs.
unknown and who cares?: member 14 weeks
William the Bastard is not one of my screen names I promise.
Where's Appalling Smells though. Has he gone and joined JonnyBravo
We at Kitco have pleeeeeenty of silver. We can't sell it because the shipping dept. is on strike at the moment, but once we get new people we will sell a lot of silver
Well there is a foot of snow on approximately 100 million americans right now. Shipping isn't exactly working out. So just blame it on the snow.
blame it on the snow, why didn't i think of it
Ok, we have eagles but we can't ship because of the snow
blame it on the snow, why didn't i think of it
Ok, we have eagles but we can't ship because of the snow
Google
The Tooth Fairy
3,050,000 results (0.13 seconds)
Does this mean that there are more tooth fairies than there are 100 oz silver bars in the world?
http://www.youtube.com/watch?v=Zovn4hovTg0
The shortage is coming the important thing is to buy physical silver and wait.In the latest news Xia Bin of China's central bank stated that they will buy silver (and gold) for their silver (and gold) reserves in every dip for a long time in the future.This is another important matter that noone imagined it before.Central banks to start buying physical silver for their reserves.The latest Commitment of Traders report showed commercial hedgers to close more of their short positions.The risk is to the upside ,otherwise the hedgers would increase their shorts ...So buy silver and wait!Profits are coming sooner or later!
more complete bullshit taking place on the Crimex as we speak...
fucking joke...
Here's a thought experiment, anybody:
Drudge reported from Wikileaks yesterday that Al-Qaida was on the brink of being able to make a dirty bomb. No surprise there, really.
But suppose they pull a Goldfinger and use it on the FRBNY to make the gold radioactive and useless? NY is already a favorite target and we know they're not stupid (sometimes).
Anybody have the technical explanation what would happen to the underground reserves with an above ground dirty bomb? Contaminated or shielded by 5 stories underground concrete? How contaminated? How bad? Unfortunately, it is reported they have access to some uranium (enriched) and plutonium. Which is as bad as it gets.
And what happens to the gold market? I can only imagine. I suppose Ari Goldfinger was right?
.
I ran the thought experiment and found there was no gold in NYC.
If and when Tulving sells out you will know you are in 'the shit'
http://www.tulving.com/goldbull.html
+1 - ain't no shortage in California, unless he's lying about his 500,000 ounces in stock.
We are talking specifically about 100 ozt. and larger bars. Tulvig says "more than 200 in stock" for JM/Englehard. They are selling new JM bars, but don't specify a quantity. APMEX has around 546 @ 100 ozt. and 2 @ 1000 ozt.
http://gold-silver.us/forum/gold-silver-precious-metals/apmex-precious-m...
Will London and the Comex pull a "Hunt Brothers" and only accept sell orders soon ?
The UK and US are so desperate to keep the kingdoms financial markets flush with cash there is no price discovery "of anything".
Whether you want to accept it or not the continuing financial meltdown is being padded or softened by the kingdoms while they "buy-time" to muscle the "real" assets from the masses for a later sale back to them at a "HUGE" profit.
Make sure you have your affairs together (best you can) to weather this.
as they say in China "it's a slow road to China" !
I purchased a 100 oz sillver bar from http://bullion.nwtmint.com/silver_nwtmintbullion.php. I have to wait a long time before I receive the bullion. Notice in the memo below that they say "shipping window" and not "delivery window". Here is an email I got from them :
Thank you for sending your payment to Northwest Territorial Mint. Your Personal Check in the amount of $2,851.00 was received January 31st, 2011 and posted. Trade #xxxxxxxxx is now paid in full with an estimated shipping window of APRIL 4 - 8. An e-mail will be sent to you the evening that your order is shipped with your tracking numbers included. If there is any delay in shipment you will be notified by e-mail.
NWTM is notorious for not delivering on a timely basis. Google them and you will see... at one point the state AG was after them.
My suggestion is demand your FRN's back and get what Apmex has. If you absolutely have to have NWTM fabricated silver then try First Majestic.
NWTM tells customers up front the current Order to Ship time when you place your order. Their sales people tape record the order so they'll have proof they did not mislead the customer.
The good thing about this mint is their low prices plus their free shipping/insurance when you pay by check. The draw back is takes longer for you to get your order delivered because of the high demand. My recent silver orders have been taking around 8 weeks arrive, more or less.
If you want your metal faster, you can order from their retail outlet, but it will cost more --- about 3% more if you use a credit card --- plus you pay for the shipping and insurance.
Some people on this board obviously have a beef with NWTM and regulary post negative comments about them. I have always gotten good service from them. They have always been honest and up front with me. ymmv
That sucks. Your silver bar is only going to be worth $1800 when you get it.
Or maybe $5000?
To all the people who believe we have no price manipulation in silver, then how is it we can have a shortage. I mean with open market price discovery, there can never be a shortage. Price fixing is what we have, led by the criminal Fed Reserve, therefore we have shortages. If the price was allowed to seek a natural equilibrium at a higher price, sellers would emerge thus ending the shortage.
...it's not difficult: the u.s. mint is buying up supply to keep minting silver eagles, leaving less stock to privately mint bars...the squeeze gets tighter...
hey surprise PM head lower after yet another ZH piece. just goes to show you cant beleive all you read on the net .
What if ZH is run by a PD . ZH has a bearish slant on stocks and a bullish slant on PM funny how the markets do the reverse
dude why don't you compare performance over the last 10 years, S&P vs gold and get back to us with the results.
ok you have a point but the Russell 2000 has doubled in the past 22months still going vertical .
"my granddad rode a reindeer, my father rode subaru. I am flying a lear jet and a private jumbo jet, my son will be riding a reindeer"
"knowing the future direction and price of gold will be useless for anyone who invests in paper gold! In the future "timing" will be nothing. What you are holding will be everything!"
"Gold will only have to be reprised once, that will be more than enough!"
Gold is transitioning from one set of channels to the next. I have seen this before, it is a confirmation sign of the trend change.
GBP looks like a breakout on the futures, it is .3 above the breakline. Although it already did a pullback and retest, hard to buy the long here with short term overbought, it could easily retrace back to the breakline and a .3 move on futures is quite a bit of money. Just watching for the moment.
http://oahutrading.blogspot.com/
I posted more examples of shortages in Australia today as well:
http://www.bullionbaron.com/2011/02/silver-supply-demand-and-china.html
Get it under $30 while you can!
Apmex site has no 100oz silver bars until 2-18-11.
Some here say Apmex shows a few hundred available, but not sure where that is displayed on their site.
Calls to Apmex, during business hours, reached message saying call again during business hours.
Just asking...
Joe, APMEX has been closed for the last couple of days because of the snow storm. All items available for sale are on the website. If an item is not for sale the box to right will show an "alert me". If item is shown and no alert me put "9999" in quantity box and if less than that number available for sale a popup will show exact number available for sale at that time. By the way, APMEX is the largest online precious metals dealer in the U. S. and ships to 25 foreign countries. If you want a true representation of the status of the availability of precious metals in the U. S. I suggest you visit the APMEX site rather than a sole assayer. APMEX is an authorized purchaser of silver from the U. S. Mint and is near the front of the line at a myriad of government and private mints throughout the world. If APMEX is having trouble getting live product you can bet every company is. I often hear of shortages which I know do not exist. APMEX should be your bellwhether. At the moment this is what APMEX has available in 100 sbars (557 JM 100 sbars)
As low as $.99 per oz over spot!These will ship around 2/18. Correct, APMEX has none live.
New Silver bars!These items are on a slight delay. We expect to be able to ship these items by... view more
Average Rating
Availability: 2/18/2011
APMEX Buy Price - $2,842.00 Any Quantity: $2,946.00 Volume Pricing: 1 - 8 for $2,946.00 Ea 9 or more for $2,936.00 Ea
Well I feel insinuated by your name!
BTW- APMEX shows zero 100 ozt. bars available now. Last count (~ 3hours ago) I saw 546.
I show 553.
http://www.apmex.com/Category/518/Silver_Bars_Secondary_Market__New.aspx
Doesn't really count, as they don't actually have these in stock.
The ones I counted were in stock this morning. I don't count them until they are there.
APMEX NOW SHOWS ZERO 100 OZT. BARS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
THEY HAD 546 THIS MORNING!!!!!!!!!!!!!!!
www.gold-silver.us/forum
@ Joe SIX Pack, Didn't know there was a joe sIx pack here til after I registered, but it's all good.
An index of 100oz silver bars available might help us track physical inventory, with live feeds from APMEX, Scotia, Bullionbypost, etc. Maybe 10-12 big vendors, or so.
If you someone knows of one? If not, could be a Zerohedge innovation, to stay ahead of the pack.
I say chaps. Isn't a 100 oz silver bar only for peasants? That's equivalent to only 2 oz of gold.
December must have seen a lot of demand generated by survivalist podcasts, or something.
The dealers I know in NM are pretty low on silver, far lower than 6 mos ago.