Expanding Our Silver Bar Manufacturing Capacity

38 Comments

• April 21 2011

  Slim49 says:

  What, no silver shortage!

• April 28 2011

  Chris says:

  'Current arrangements for silver coin manufacturing are unaffected by works at the Refinery'
  
  What 10z silver coins are currently available for purchase at www.perthmintbullion.com ?
  
  Is the Perth Mint a current supplier of Silver coin blanks to the US Mint?

  Is the Perth Mint supplying Silver inventory to the COMEX, that would have otherwise been supplied into the local Bullion Bar/ Coin markets?

• April 28 2011

  Ron Currie says:

  Hi Chris
  
  Regarding 10oz silver coins, the situation has not altered since I posted this article - Some Silver Bullion Coins Suspended As Perth Mint Focuses On Most Popular Weights. The issue is not the supply of silver but manufacturing capacity.
  
  Yes, The Perth Mint does supply silver blanks to the US Mint.
  
  No, we are not supplying silver to COMEX.
  
  Regards
  
  Ron Currie

• May 10 2011

  Helly35 says:

  Why is the Perth Mint conveniently undergoing manufacturing issues during the seasonal lows that Silver is about to undergo? 
  
  
  
  This sounds like manipulation to me?
  
  
  
  Seeing as the Perth Mint is a goverment entity it can work by it's own rules while it protects the wealth of the elite and does not let the little investor participate.
  
  
  
  Why was the market closed on friday when silver dropped below $35 per ounce?
  
  

• May 10 2011

  Christopher says:

  If I had a business or exchange I would choose the quiet times to reorganize as well. I am sure it is no conspiracy and when demand rises like it has thats when capacity would become a problem like it has. 
  
  I havent bought here but look forward to doing so in the future from what I can gather this place has a really good reputation.
  
  Keep it up and get that silver in asap!
  
  Kind Regards,
  
  Chris F 

• May 11 2011

  murray says:

  Please can you also ramp up your bullion web site
  
  when interest is high the system grinds to a halt and even often does not return pages at all
  
  m

• May 11 2011

  Denise says:

  If you have to revamp when the season is low that is agreeable. But how come you don't take back orders? Why can't a small customer buy now and you deliver later? It's not right, for Perthmint to only release silver bars again when the price has gone up again.

• May 11 2011

  Go says:

  Here comes the conspiracy theorists and big time business managers to advice Perth Mint on how they should run their business. Perth Mint is a FOR PROFIT organisation just like any other businesses. They are not a CHARITY. For those who are interesting in battering them with conspiracy theories don’t waste your time over here.

• May 12 2011

  Sammy says:

  A Dodgy business!

• May 12 2011

  Mick says:

  I Love the Perth Mint.
  
  Love It !!!
  
  

• May 12 2011

  Graham says:

  I would like to second the suggestion that, in the event the Mint is currently out of stock, customers have the option to buy at current prices for delivery at a later date, even if the later date cannot be determined exactly.

• May 12 2011

  Rob Mulholland says:

  I would also like to second the suggestion that, in the event the Mint is currently out of stock, customers have the option to buy at current prices for delivery at a later date, even if the later date cannot be determined exactly.
  
  In fact, up until I read this blog I thought that's how the system worked.
  
  Would one of the senior execs please explain why this doesn't/can't happen?

• May 12 2011

  Helly35 says:

  I didn't say anything about a conspiracy.  I am just stating the obvious.  A free market system would take back orders from customers looking to purchase now.  As far as running a charitable operation...hmmm.  If a grocer has to sell carrots to it's customers it sells them no matter what the market price dictates. 
  
  
  
  I do not care if carrots are perishable.  If the Perth Mint was being run as an honest business it would provide the product or the potential to purchase the product for future delivery. 
  
  
  
  Cronyism is not conspiracy it is what is bringing down the American economy. 
  
  

• May 12 2011

  Chris says:

  I would also like to second the suggestion that, in the event the Mint is currently out of stock, customers have the option to buy at current prices for delivery at a later date, even if the later date cannot be determined exactly.
  
  If silver sourcing is not the problem, then this should go without saying.
  
  Let me buy my 1kg blob of silver and stamp it into shape when your machines are ready. I dont mind waiting 2 months.

• May 12 2011

  POPPY says:

  It isn't a conspiracy, you CAN order silver at the spot price and take delivery of it later, you just call up the Perth Mint Shop. Come on people, dont start going all paranoid.

• May 12 2011

  James Killen says:

  @HELLY35
  
  No, because they are a statutory corporation (or a subsidiary thereof) they cannot simply work by their own rules, they must act in accordance with the provisions of the enabling statute, in this case the Gold Corporation Act 1987 (WA).
  
  Secondly in a free market no one has to sell you anything.  Notwithstanding the effect of anti-discrimination legislation, a grocer is free to refuse to sell carrots to you personally and moreover is free to demand any price they see fit, market price or not.  And you are equally free to patronise another grocer.
  
  Framing the refurbishment of plant as "market manipulation" is not a conspiracy theory?!  Please.
  

• May 13 2011

  Christopher says:

  Helly35 you and I agree on the American thing thats for sure mate!
  
  My grocer if he was renovating his shop would tell me come back in a couple of weeks not take a back order so I am not sure free market means back orders. Plenty of places to buy carrots though thats the difference I guess. 
  
  Anyway I certainly think most of the research I have done might suggest lower prices in June and July when QE2 in the states is rolled back but who knows!
  
  All the best
  
  Chris F

• May 13 2011

  New Buyer says:

  There's plenty of silver on eBay peoples!

• May 14 2011

  Marcus says:

  Silver on eBay? Don't make me laugh.
  
  Its great if you want to pay spot +10-20.
  
  And no, I called Perth mint to place an order, no back orders allowed until actual stock is available, I've been told twice now.
  
  Everything was fine until the dip, then no longer available, then price comes back up and theres a release, then it drops again and its once again unavailable.
  
  You cant blame people for being suspicious.

• May 15 2011

  Jamie says:

  Can you please tell me why i cant buy 10 oz silver bars from here or by phone but i can buy them from YOUR ebay page for $420 each, hmmm nice scam you guys got running here?
  
  As soon as the market makes its retracement "ohhhh we have run out" but we will still sell them on ebay for $420
  
  ABC bullion here i come
  
  [Editor's note: The Perth Mint does not sell bullion bars on e-bay.]

• May 16 2011

  James Hood says:

  I am also dissapointed at the apparent convenience of the lack of silver just when the price dips. It took me ages to set up my account with you and it seems nomater when I want to buy, you're out of stock but NOT on ebay.
  
  Whats the point of having an account when you won't let us pre order? I don't care if it takes 4 weeks to get to my address, I'll buy at a price I believe its worth, but seriously to have NO stock and still advertise the products at dropped prices is ridiculous. You sell near spot....but not always :-( ..why?
  
  Why are they more expensive on ebay?
  
  Customers come first. There seems to be a growing number of frustrated bullion buyers here.

• May 16 2011

  SteveB says:

  I'm looking to buy 100oz bars, is there a way of being emailed when they are in stock?
  While I do check now and again I need a better system while there is a reduction in manufacturing capacity. Any suggestions?
  

• May 16 2011

  Lee says:

  I think I need some cheese to go with all this whine....
  
  Do you guys honestly think the management at the mint has had this planned and on hold for when the price drops?
  
  Sh*t happens, life's a b*tch then you die...

• May 16 2011

  Chan Kuan On says:

  Hi,
  I'm from Malaysia. I would like to purchase silver bar (1 Kg). is it available ??

• May 18 2011

  Nick says:

  I ordered a 20oz bullion bar and paid for it last friday. 2-3 month wait.
  

• May 18 2011

  Stephen Ward says:

  Thanks for all your contributions to this page. Ron Currie has addressed the issues in a new post - Perth Mint Answers Calls For Back Orders On Silver Bars.
  
  Stephen Ward

• May 21 2011

  spenditwise says:

  The perth mint isn't the only place having troubles delivering silver. I believe there is a conspiracy!! 

• May 30 2011

  patrick says:

  Agreement with the earlier comment:
  
  "I would also like to second the suggestion that, in the event the Mint is currently out of stock, customers have the option to buy at current prices for delivery at a later date, even if the later date cannot be determined exactly.
  
  In fact, up until I read this blog I thought that's how the system worked.
  
  Would one of the senior execs please explain why this doesn't/can't happen?"

• May 30 2011

  Stephen Ward says:

  Hi Patrick / Rob
  
  Can I suggest you read the following post - Perth Mint Answers Calls For Back Orders On Silver Bars in which Ron Currie annouces the availability of 'back orders' for for 10oz and 1 kilo silver bullion bars.
  
  Rgeards
  
  Stephen Ward
  

• August 10 2011

  Adam says:

  Have to say this seems way too convenient. We should be able to buy at currrent prices and recieve it later. Can't the mint just buy all the unrefined silver and gold now at current prices and then mint them when they're back up to capacity. As a business like what one of the people are saying above, it would be in their best interest. But then again, doesn't seem like they're looking out for themselves (or us).

• August 13 2011

  Dave says:

  ABC buy from Perth mint, put there stamp on it & charge a premium, but convenient if you are in melbourne & they do have stock.

• August 16 2011

  Stephen Ward says:

  For clarification on the above comment, please note that all ingots leaving our refinery to external suppliers have The Perth Mint logo on.
  
  Regards
  
  Stephen Ward
  

• August 23 2011

  Terry Jackman says:

  Hellooooooo.......... in case anyone at the Mint has'nt noticed,this blog is 4 months old!!!and the July "start-up" date was LAST MONTH.......
  What is the status-quo.
  
  Definition of W.A. (as understood by the Eastern Staters) = "WAIT AWHILE"

• September 26 2011

  Harpo says:

  No silver shortage here folks. We're not seeing $100 2012 dragons. We're not seeing items out of stock even after the new plant is up and fully operational.

• October 12 2011

  Snowleopard says:

  Today all bullion is listed as not available.
  
  
  
  I see 2012 silver bullion coins on eBay but not available here.  Maybe you had some earlier and they are sold out already?  It seems you are now offering collectors items in preference to bullion coins.  I'm sure that is more profitable, rather than meeting bullion coin demand.  I must shop elsewhere.  Your coins are superior, but that doesn't matter if you don't have any! 

• October 18 2011

  Mark says:

  This is ridiculous. No Silver Bullion available. What a scam.

• October 19 2011

  Buyer says:

  Being watching the availability of silver bars for nearly a week now. Still unavailable!! What gives guys? I normally buy 20 ozers when in stock or tens when 20's aren't in. Back in late Sep, the 10's were unavailable but there were 20's in stock.  In the first week of Oct, no 20's and no 10's. So I purchased a kg. Last week 10 and 100 oz and kg bars all unavailable. This week, so far, still not available! What's the use of price dropping to circa AUD31 if you can't buy?
  
  Also, could you please, please make it obvious that certain sizes of gold bars are out of stock before I start the online order process. Right now I have to go all the way to place order in cart before system tells me "no stock". ANNOYING

• October 19 2011

  Ron Currie says:

  Hi Buyer
  
  Demand is so strong we are selling everything we can make. It's simply demand outstripping supply, even with expanded capacity. Apologies for your current frustrations.
  
  Regards
  
  Ron Currie
  Sales & Marketing Director