Week 10.2 Perth Mint Blog.
Here is one of the Perth Mint announcements.
Perth Mint Announcement
We’re making the change from Unallocated to Pool Allocated because the amount of Unallocated silver we hold on behalf of clients now exceeds that required to support our business activities. We had targeted a certain amount of excess Unallocated “buffer stock” but rising insurance and other costs plus growing demand have accelerated our decision to close Unallocated.
From 1 May 2011, no new Unallocated silver accounts will be opened. Existing Unallocated accounts will remain open and free of storage. However, clients will not be permitted to add to their unallocated balances and will only be able to sell or collect.
The Perth Mint cannot foresee reopening Unallocated silver for some time. This would only occur if we encountered significant and continued selling by existing Unallocated silver holders. We have primarily attracted buy-and-hold investors and we do not currently see, nor expect to see, any change in this regard.
Well, read between the lines. Not much silver left for sales.
- Lot of paper investor, maybe to avoid GST, tax etc in their local country
- Lot of buyers, virtually no seller.
Take delivery of your bullion now. B4 QE3.
Actual article located here.
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