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I suppose if you go to SD, BE, Bold, BGASC, Liberty, Silver Gold Bull, Money Metals Exchange, Monument Metals and KITCO you could probably score 500 oz in various sizes, but then the cat is out of the bag. Future spot price might be a bit higher with no physical inventory in NY or CA, but buying physical on the Shanghai Exchange might cost an extra $500-$1k per ounce. That's their game.
When I first started buying platinum coins only Kitco and SD had any regular inventory and little selection. Get what you want while you can folks because it will be unobtanium in < 7 years. Regular stackers will cash in at some point and then you need through Russia, South Africa or China to get more.
You can't just open a new platinum mine. It's byproduct from copper and gold mining and production cannot simply be ramped up like the petroleum industry.
Crazy talk is $20k per oz by the end of the bull run. I am cashing out before then.
abrdn Physical Platinum Shares (PPLT) ETF Alert
One subject not discussed very often is the "Fails to Deliver" (FTD)
PPLT had one of the most concentrated periods from May 2025 to late June 2025 of clearing firms failing to deliver shares. (top chart)
Failure can occur when a buyer (the party with a long position) doesn't have enough money to take delivery and pay for the transaction at settlement.
A failure can also occur when the seller (the party with a short position) does not own all or any of the underlying assets required at settlement, and so cannot make the delivery.
It appears that these failures coincided with the spike in the platinum price as well as the borrowing fee (Bottom chart) to short shares. Could mean that as available physical Platinum became more expensive, the ability of authorized participants or market makers to manage share creation and redemption as well as stock lending operations became impaired or more difficult. It is possible that short positions were possibly naked at one point.
This is another risk of trading securities.
Grok said:The last day for traders to decide if they want to stand for delivery on the COMEX July silver contract is the last trading day. For the July 2025 contract, this is July 29, 2025.To arrive at this date, note that COMEX silver futures trading terminates on the third last business day of the delivery month. July 2025 has 31 days and ends on a Thursday. The last three business days (Monday–Friday, with no applicable holidays affecting them) are July 29 (Tuesday), July 30 (Wednesday), and July 31 (Thursday). Thus, the third last business day is July 29. Traders can close out positions up to this date if they do not wish to proceed to delivery; open positions after this point are committed to the delivery process.
All the world needs is a declared debt crisis from a country like Japan, China or the USA to cause everything to breakdown. ...
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