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State of the Physical PM Market

Pyramid

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#1
It will be months before physical PM availability and premiums return to “normal.”

Private mints will not be able to absorb the demand, but are supposedly ramping up production, but how much and for how long considering the state quarantines that are adding up daily? Wholesale orders for rounds/bars are allegedly weeks/months out. Retail orders in same boat, Silvertowne has 10-12 week shipping delay on orders through their website, for example.

Supposedly no PM coins are shipping out of Europe (British Royal Mint, Austrian Mint etc.) due to beer virus and airline/transportation shutdown. No word on Perth Mint, but I assume the same. Perth mint production status: https://www.perthmint.com/covid19.aspx

US Mint suspended sales of SAE’s, with no word on resumption of sales, but will be on allocation basis. They might be able to keep up with GAE and Buffalo demand, but SAE demand…forgetaboutit!

Royal Canadian Mint suspends production for 2 weeks beginning March 20: https://www.mint.ca/store/mint/customer-service/faq-1100010?lang=en_CA&rcmiid=tf|tb|covid19

Peter Hug on the silver beat down and lack of physical available:

Monument Metals Founder & CEO Jonathan Swyers on International Stacker youtube channel:

The Swiss Canton of Ticino, in the Italian part of Switzerland, has just ordered the gold refiners based there to close, initially to March 29th but this is expected to be extended. Three of the world’s largest refiners – Argor, Valcambi and PAMP are based in Ticino. We are likely to see major pressure on the gold and silver paper market. https://goldswitzerland.com/swiss-gold-refiners-cease-production-end-of-paper-market/

This is precisely why you have PM’s, as insurance to weather the current storm of Great Depression 2.0. Good luck out there folks.
 

GOLDBRIX

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#2
AND some more commentary: