Physical gold and silver inventory watch 2013

pmbug

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The following report details changes from 4/13 @ ~9am to 4/14 @ ~9am:
  • 10 ozt gold bars - from 95 to 90. Pamp (-2), Johnson Matthey "poured" (-1), Credit Suisse (-2)
  • 1 ozt gold bars - from 2210 to 1973. Apmex (-12), Pamp (-92), Pamp YoTD (-17), Credit Suisse (-61), Perth (-22), Heraeus (-10), Argor-Heraeus (-8), RCM (-13), Sunshine V2 (-2)
  • 100 ozt silver bars - from 731 to 694. Apmex (-9), RCM (-18), JM "new" (-9), Englehard secondary market (-1)
Very strong sales volume for a Saturday, particularly in the gold bars.
 

BigJim

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Tulving's site back up.
I've never seen so many Ag listings "Sold Out".

GOD BLESS OUR TROOPS!!!
 

swissaustrian

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I've browsed through a few of the smaller web coin dealers in Germany and Switzerland. Some are posting pm prices from the London pm fix. Others are announcing shipment delays. The bigger shops haven't posted anything unusual on their websites.
 

swissaustrian

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The dealers are probably not able to unwind their hedges quickly enough due to the volatility.
 

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The following report details changes from 4/14 @ ~9am to 4/15 @ ~9am:
  • 10 ozt gold bars - from 90 to 69. Perth (-2), Pamp (-11), Johnson Matthey "poured" (-3), Credit Suisse (-2), generic no assay (-3)
  • 1 ozt gold bars - from 1973 to 1806. Apmex (-53), Pamp (+261), Pamp YoTD (-27), Credit Suisse (-225), Perth (-52), Heraeus (-1), Argor-Heraeus (-8), RCM (-55), Sunshine V2 (-5)
  • 100 ozt silver bars - from 694 to 532. Apmex (-41), RCM (-64), JM "new" (-48), Englehard secondary market (-4), Englehard "first generation" (-2 sold out), Englehard "struck" (-2 sold out), Englehard "bull logo" (-1)
Normally, there is very little sales volume for a Sunday reporting period. Since I checked numbers at 9am, it's possible that this report reflects a lot of Monday morning (BTMFD) buying. Either way, these numbers are showing *huge* sales volume.

Tulving is still showing most silver as sold out. The only silver bullion they have currently is NTR bars/rounds and some Australian Koala 1 Kilo coins.
 

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Bill Haynes said:
... last week we sold more gold and silver than we normally sell in a whole month. On Friday alone it was astounding because we sold as much physical bullion as we would normally sell in an entire week. There is a great deal of big money coming into the market on this decline.

If buying continues at the rate we saw on Friday, there will be immediate shortages of product....

“We will see instant shortages of silver products such as silver rounds, 10 ounce bars, 100 ounce bars, silver eagles, and silver maple leafs if this relentless demand continues. Silver eagles and silver maple leafs are already seeing delayed delivery.

In other words, the mints can’t keep up with the demand for those coins. The US Mint could easily have another record year of 40+ million ounces of American Silver Eagle sales. I would also add that there are already premiums on 90% silver coins that we haven’t seen in decades.

But the buying is coming in huge for both gold and silver. The physical gold market is on fire as well. Our largest 7-figure order this week was specifically for one ounce gold bars. There was also big buying of American Gold Eagles. This massive buying is taking place in the entire metals industry right now.

This is why I cannot stress to you enough that we will see immediate shortages of product if this continues. If another ‘Black Swan’ happens I can promise you we will see immediate shortages of gold products as well.”
...
Buyers are already outpacing sellers by a stunning 50 to 1 ratio. ...
http://kingworldnews.com/kingworldn...e_Verge_Of_Major_Gold_&_Silver_Shortages.html
 

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ALL US WHOLESALE SUPPLIERS ARE NOW SOLD OUT OF EVERY OUNCE OF PHYSICAL SILVER & HAVE SUSPENDED ALL SALES! SDBullion.com has closed due to lack of ANY AVAILABLE SILVER!

Two of the largest wholesale suppliers in the US, including Amark and CNT, who is the supplier of gold blanks to the US Mint for Gold Eagles, and is a registered COMEX depository, HAVE JUST SOLD OUT OF ALL PHYSICAL SILVER!!!
...
More: http://silverdoctors.com/cnt-sold-out-of-all-physical-silver/
 

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I normally do updates every 24 hours or so. I decided to check Apmex inventory tonight to see what happened...

The following report details changes from 4/15 @ ~9am to 4/15 @ ~8pm:
  • 10 ozt gold bars - from 69 to 89. Perth (-10), Pamp (+66), Johnson Matthey "poured" (-10 sold out), Credit Suisse (-17), generic no assay (-9 sold out)
  • 1 ozt gold bars - from 1806 to 3619. Apmex (-55 sold out), Pamp (+282), Pamp YoTD (+401), Credit Suisse (+2177), Perth (-196 sold out), Heraeus (-8), Argor-Heraeus (-19), generic with assay (-496), RCM (+12), Sunshine V2 (-285)
  • 100 ozt silver bars - from 532 to 538. Apmex (-114 sold out), RCM (+54), JM "new" (+61), Englehard secondary market (-2 sold out), Englehard "bull logo" (-1 sold out)
Huge changes. Looks like Apmex had no trouble sourcing Pamp/Credit Suisse gold. They also appear to have gotten a little bit of gold and silver* from the Royal Canadian Mint.

The inventory additions for 100ozt silver are listed with an available date of April 24 (and another premium increase). I take that to mean their inventory is not in stock any longer. Essentially, they have *zero* 100ozt silver bars in stock right now!

The Pamp 10ozt gold bars are listed with an available date of May 20. Assuming that means they don't have them in stock at the moment, that leaves an inventory of 21 bars in stock.
 

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The following report details changes from 4/15 @ ~8pm to 4/16 @ ~8am:
  • 10 ozt gold bars - from 89 to 71 [9 in stock]. Perth (-11), Pamp (-6), Credit Suisse (-1 sold out)
  • 1 ozt gold bars - from 3619 to 3193. Pamp (-222), Pamp YoTD (-18), Credit Suisse (-212), Perth (+130), Heraeus (-12), Argor-Heraeus (-10), generic with assay (-2 sold out), RCM (-60), Sunshine V2 (-20)
  • 100 ozt silver bars - from 538 to 358 [0 in stock]. RCM (-118), JM "new" (-60), Credit Suisse (-2 sold out)
Keep in mind that the changes reported here are for a 12 hour over night period. Huge volume!
 

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None are listed as future availability, so apparently, yes. It's curious that they were able to source so much Pamp and Credit Suisse gold. Maybe they had some reserve inventory in stock (reserved for dealer/wholesale market?) that wasn't listed for sale on the website before.

Also, they have not raised premiums (yet?) on any of the gold bars.
 

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Took a quick look at Apmex just now (didn't do a full check or update the Excel file). Apmex now showing Pamp 1ozt bars as future availability. Only ~100 of the future availability 100 ozt silver bars left - and they jacked up premiums again.
 

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Scottsdale Silver is out of their own brand kilo and 100 ozt silver bars. They appear to be well stocked with 10 ozt silver bars.
 

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With continuing high volatility, I decided to do another 12 hour (night) update...

The following report details changes from 4/16 @ ~8am to 4/16 @ ~8pm:
  • 10 ozt gold bars - from 71 to 54 [11 in stock]. Perth (+2), Pamp (-19)
  • 1 ozt gold bars - from 3193 to 4362 [437 in stock]. Pamp (+1554), Pamp YoTD (-60), Credit Suisse (-544), Perth (-130 sold out), Heraeus (-4), Argor-Heraeus (-9), RCM (+409), Sunshine V2 (-47 sold out)
  • 100 ozt silver bars - from 358 to 209 [0 in stock]. RCM (-127 sold out), JM "new" (-22)
Huge sales volume continues. Apmex now showing April 24/25 availability for Pamp, Credit Suisse and RCM 1 ozt gold.
 

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Another update from bullionbypost (UK biggest online bullion supplier)
They've gone from next day delivery to unprecedented 3 days then to 1 hopefully week and today I see they've said because of unprecedented physical demand they're setting a minimum order amount of £500 as well, (+-$750)

Record Orders!

Due to record orders we have had to set a temporary minimum order of £500. We also unable to offer usual next day delivery. Orders will be dispatched ASAP in the order that funds are received. We expect to dispatch most orders within 1 week.
 

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Patrick A. Heller of Liberty Coin Service said:
...
Yesterday [Monday, April 15] in our store, the further price drop brought out even more eager buyers of precious metals. Even though we recently moved to much larger quarters (the size of the showroom quadrupled and we added several phone lines), customers were waiting as long as 30-60 minutes to be served. Many people simply could not get through on the telephone lines because they were jammed with calls.

The premium over silver value on $1,000 bags of U.S. 90 percent silver coin topped 20 percent. Dealers and wholesalers have almost nothing in stock for immediate delivery and premiums are rising across the board.

Because of slowing deliveries on bullion-priced physical gold and silver coins and ingots, we had to implement a limitation of $5,000 in sales to new mail-order customers. We accepted orders from established mail-order customers and from in-store customers who were ready to made immediate payments. (Note: there is value in having a relationship with a coin dealer who will take care of you on days like today rather than risking not being able to trade at all because a dealer doesn’t know you.)
...
http://numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=26787
 

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The following report details changes from 4/16 @ ~8pm to 4/17 @ ~8am:
  • 10 ozt gold bars - from 54 to 49 [7 in stock]. Perth (-4), Pamp (-1)
  • 1 ozt gold bars - from 4362 to 4647 [908 in stock]. Pamp (-125), Pamp YoTD (-6), Credit Suisse (-47), Perth (+482), Argor-Heraeus (-5), RCM (-14)
  • 100 ozt silver bars - from 209 to 181 [0 in stock]. JM "new" (-28)
Sales volume for the 12 hour overnight period appears to have cooled a little bit as compared to the night before. I am guessing that sales will pick up again during the day today.

Apmex appears to have some magical ability to source Perth Mint 1ozt gold because they were sold out last night at 8pm and this morning they have 482 bars with no future delivery date attached (indicating that the bars are in stock and ready to be shipped with their normal 1-3 day shipping policy).
 
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