Physical gold and silver inventory watch 2013

pmbug

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The following report details changes from 8/27 @ ~10am to 8/28 @ ~11am:
  • 10 ozt gold bars - from 96 to 103. Apmex (-1), Pamp (+6), generic no assay (+1), Credit Suisse (+1)
  • 1 ozt gold bars - from 2339 to 2619. Apmex (-17 sold out), Pamp (+215), Pamp YoTD (+46), Credit Suisse (-40), Perth (-11), generic with assay (-5), RCM (+93), Sunshine V2 (-1)
  • 100 ozt silver bars - from 2008 to 1890. Sunshine V2 (-102), RCM (+44), Apmex (-18), generic secondary market (+1), JM "new" (-53), Apmex "IRA" (+7), JM "Canada" (+3)
 

pmbug

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The following report details changes from 8/28 @ ~11am to 8/29 @ ~11am:
  • 10 ozt gold bars - from 103 to 128. Perth (+5), Apmex (+2), Pamp (+6), generic no assay (+2), Credit Suisse (+10)
  • 1 ozt gold bars - from 2619 to 2930. Pamp (+228), Pamp YoTD (-4), Credit Suisse (+193), Perth (-51), Scotiabank (-1 sold out), generic with assay (-28), generic no assay (-3), RCM (-21), Sunshine V2 (-2)
  • 100 ozt silver bars - from 1890 to 2328. Sunshine V2 (+99), RCM (+397), Apmex (-33), generic secondary market (+10), JM "new" (-35), Apmex "IRA" (-1), RCM "old" (+3), CMI (+1), JM "Canada" (-3)
Huge inventory additions across the board. Inventory for 100 ozt silver is a new record (since I've been tracking).
 

pmbug

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It's been 5 days since the last update.

The following report details changes from 8/29 @ ~11am to 9/3 @ ~10am:
  • 10 ozt gold bars - from 128 to 121. Pamp (-3), Credit Suisse (-4)
  • 1 ozt gold bars - from 2930 to 2579. Pamp (-142), Pamp YoTD (-15), Credit Suisse (-81), Perth (-24), Heraeus (-2), Argor-Heraeus (-1), generic with assay (-9), generic no assay (-27), RCM (-25), Sunshine V2 (-25)
  • 100 ozt silver bars - from 2328 to 2259. Sunshine V2 (-11), RCM (-22), Apmex (-11), generic secondary market (-2), JM "new" (-18), Apmex "IRA" (-1), Englehard "struck" (-3), Englehard secondary market (-1), JM "Canada" (+1), Englehard "old" (-1)
Apmex lowered premiums on several of the 100 ozt silver bars.
 

pmbug

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The following report details changes from 9/3 @ ~10am to 9/4 @ ~10am:
  • 10 ozt gold bars - from 121 to 102. Apmex (-1), JM "poured" (-3), Credit Suisse (-15)
  • 1 ozt gold bars - from 2579 to 2409. Pamp (-37), Pamp YoTD (-21), Credit Suisse (-64), Perth (-1), Heraeus (-2), Argor-Heraeus (-3), generic with assay (-6 sold out), generic no assay (-2), RCM (-2), Sunshine V2 (-32)
  • 100 ozt silver bars - from 2259 to 2134. Sunshine V2 (-51), RCM (-7), Apmex (-4), JM "new" (-60), JM "vintage pressed" (-1), RCM "old" (-1), CMI (-1 sold out)
Strong sales volume - especially in 10 ozt gold and 100 ozt silver.
 

11C1P

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Since it looks like you've been studying this for a while now, have you gotten any word on how accurate these numbers are, or have you been able to extrapolate any price fluctuations to the availability (or lack of) in the bars? I don't mean this to bust your bars either mind you, I'm just curious as to how accurate they are.
 

pmbug

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The numbers are simply what Apmex shows as available at the time that I check them. It's certainly possible that Apmex pulls inventory or shows as available bars that they have ordered, but not yet received (ie. aren't actually physically in stock). No way to tell for sure.

During periods of high volatility/stress, it was easy to see times when Apmex had no trouble restocking inventory and times when they couldn't.

Having been tracking this for almost 2 years now, I think I've got a pretty good sense of the sales volume flow (whether it's indicative of pure retail selling or includes some wholesale selling to other retailers - doesn't really matter to me).
 

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The following report details changes from 9/4 @ ~10am to 9/5 @ ~9am:
  • 10 ozt gold bars - from 102 to 99. JM "poured" (-1), generic no assay (-1), Credit Suisse (-1)
  • 1 ozt gold bars - from 2409 to 2226. Pamp (-130), Pamp YoTD (-6), Credit Suisse (-30), Perth (-4), Heraeus (-14), generic no assay (+4), RCM (-3)
  • 100 ozt silver bars - from 2134 to 2077. Sunshine V2 (+6), RCM (-3), Apmex (+95), generic secondary market (-4), JM "new" (-152), Apmex "IRA" (+1), JM "vintage pressed" (+1), Englehard secondary market (-3), RCM "old" (+1), CMI (+1)
 

pmbug

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The following report details changes from 9/5 @ ~9am to 9/6 @ ~10am:
  • 10 ozt gold bars - from 99 to 96. Apmex (-1), JM "poured" (-1), Pamp (-1)
  • 1 ozt gold bars - from 2226 to 2176. Pamp (-99), Pamp YoTD (-5), Credit Suisse (-56), Perth (-7), Heraeus (-23), Scotiabank (+3), generic no assay (-17), RCM (-2), Sunshine V2 (+156)
  • 100 ozt silver bars - from 2077 to 2012. RCM (-3), Apmex (-10), generic secondary market (-1), JM "new" (-55), Englehard "struck" (+2), Englehard "bull logo" (+1), RCM "old" (+2), CMI (-1 sold out), JM "Canada" (+1), JM "Matching serial #" (-1), Englehard "old" (-2), Sunshine "struck" (+2)
Decent sales volume all around.
 

superhero

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Do you have this charted against PM prices? Would be interested to see how volumes compare against price swings.
 

pmbug

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No, I haven't been recording the PM prices, but you can find the average spot price easily on kitco.com (historical charts - yearly charts - select year and click "data" button) like so:

http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx

I'll upload the latest Excel file (to the OP of this thread) in case you are interested in merging the data for analysis.
 

pmbug

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It's been 3 days since the last report.

The following report details changes from 9/6 @ ~10am to 9/9 @ ~10am:
  • 10 ozt gold bars - from 96 to 93. Perth (-1), Pamp (-1), generic no assary (+2), Credit Suisse (-3)
  • 1 ozt gold bars - from 2176 to 2092. Pamp (-33), Pamp YoTD (-6), Credit Suisse (-21), Perth (-4), Argor-Heraeus (-5), Scotiabank (-1), generic no assay (-8), RCM (-4), Sunshine V2 (-2)
  • 100 ozt silver bars - from 2012 to 1966. Sunshine V2 (-16), RCM (-4), Apmex (-9), JM "new" (-15), Englehard "struck" (+2), Heraeus "extruded" (-1 sold out), RCM "old" (-2), CMI (+1), JM "Canada" (-2), Englehard "old" (+2)
Seems like average sales volume for a weekend.
 

pmbug

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The following report details changes from 9/9 @ ~10am to 9/10 @ ~11am:
  • 10 ozt gold bars - from 93 to 102. Perth (-1), Pamp (-2), generic no assary (+2), Credit Suisse (+10)
  • 1 ozt gold bars - from 2092 to 2783. Pamp (+176), Pamp YoTD (+34), Credit Suisse (-72), Perth (-1), Heraeus (-20), Argor-Heraeus (-2), generic with assay (+4), generic no assay (+8), RCM (+568), Sunshine V2 (-4)
  • 100 ozt silver bars - from 1966 to 1933. Sunshine V2 (-8), RCM (-3), Apmex (-15), generic secondary market (-6), JM "new" (-3), JM "vintage pressed" (+3), Englehard "struck" (-1), JM "Canada" (+2), Sunshine V2 "1st 100 serial #" (-2)
Apmex restocked a bit, but it looks like fairly weak sales volume even so.
 

pmbug

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It's been 6 days since the last report. :paperbag:

The following report details changes from 9/10 @ ~11am to 9/16 @ ~11am:
  • 10 ozt gold bars - from 102 to 91. Perth (-4), JM "poured" (-2), Pamp (+2), generic no assay (-11 sold out), Credit Suisse (+4)
  • 1 ozt gold bars - from 2783 to 2540. Apmex (+133), Pamp (+145), Pamp YoTD (+29), Credit Suisse (-14), Perth (-58), Heraeus (-7), Scotiabank (-2 sold out), generic with assay (-4 sold out), generic no assay (+1), RCM (-327), Sunshine V2 (-139)
  • 100 ozt silver bars - from 1933 to 2368. Sunshine V2 (+186), RCM (-39), Apmex (+26), generic secondary market (-20), JM "new" (+302), Apmex "IRA" (-2), JM "vintage pressed" (-3), Englehard "first generation" (-2), Englehard "struck" (-1), Englehard secondary market (-4), Englehard "bull logo" (-2), RCM "old" (-3), JM "Canada" (-2), JM "matching serial #" (-1), Sunshine V2 "1st 100 serial #" (-1), Wolverine (+1), Wade Ventures (+1)
100 ozt silver inventories hit a new record high (since I've been tracking).
 

pmbug

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So it's been a couple of months since I last did an update on this. I decided to take look today ...

The following report details the status as of 11/18 @ ~8am:
  • 10 ozt gold bars - 88
  • 1 ozt gold bars - 2848
  • 100 ozt silver bars - 1549
Across the board, premiums for gold bars sit a bit higher today than they were 2 months ago. Inventories for gold are roughly the same.

Premiums on 100 ozt silver bars are lower than they were 2 months ago while inventories have fallen to levels last recorded at the beginning of August.
 

pmbug

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So it's been a month since I last did an update on this. I decided to take look today ...

The following report details the status as of 12/19 @ ~8am:
  • 10 ozt gold bars - 110
  • 1 ozt gold bars - 3146
  • 100 ozt silver bars - 1752
Across the board, premiums for gold bars remain unchanged from a month ago. Inventories for gold are up.

Premiums on 100 ozt silver bars are essentially the same as they were a month ago - a few items saw premiums rise $0.10 or so, but the premiums appear to be fairly even across all brands at the moment. Inventory is also up compared to a month ago.
 
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