3 May 2011

Silver Bullion Shortage Again

Below is an actual letter I received from my bullion dealer outlining the delays in delivering my Silver Order.
This is an additional delay from the initial order I purchased 3 weeks ago when they advised there was a 5-6 week delay.

KEEP BUYING THOSE DIPS!


May 2, 2011      

Sydney, Australia
Our records show you are waiting for delivery of 1kg & 5kg silver bars right now. 
I’m writing to update you on silver availability during this time of extreme demand.

However, there is still approximately “4 week delivery time” for 1kg Silver and 5kg orders.

Note:If you have an existing order for 1kg Silver, we are currently running to the delivery times outlined in your invoice statement (generally, this has been 3-4 weeks to delivery from the date of your payment).

Why 4-Week Delivery for 1kg ?

You might be interested to know a bit more about why the delays are happening right now…

We import PAMP bullion directly from Switzerland (Geneva). Right now, manufacturing at PAMP in Geneva is still adapting to the continued increase in demand for their silver. Resources at PAMP have been diverted into meeting silver demand, and it will now take a few more weeks to catch up with the new levels of silver demand from around the world.

We expect your normal delivery timeframes (immediate pick up or delivery) to return for PAMP 1kg silver by early June.

Remember: Other Silver Lines Not Affected

All other lines of silver (including the smaller PAMP sizes) are not affected at all and you will receive them in the normal order timeframes.

Please note that, because every purchase is covered by shipped bullion, we are also able to guarantee that every 1kg silver order will be filled.

I hope this helps you understand the current situation and explains the delivery times for those of you waiting for 1kg bars.


Ask yourself this, if we are in such short supply of the physical, why is the price still low? In fact, why is it going backwards in some instances?

BUY THE DIPS!

Cheers
NT

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