Buy 1 oz Silver KookaburraEarlier this morning Keith Weiner made the claim that silver demand is weak, and supply is robust. 
This afternoon’s data point on 2016 Perth Mint Silver Kookaburra availability however (or lack thereof), seems to claim otherwise…

 

Over the weekend, SD Bullion experienced an usually high surge in demand for 1 oz 2016 Silver Kooks a sure sign that something was up in the market.  

Sure enough, early Monday the SD Bullion team reached out to Coins N’ Things (CNT), the COMEX approved depository and sole US Authorized Wholesale Distributor for silver Perth Mint coins– and discovered something was indeed “up”. 

Stunningly, our staff was informed by the head of CNT’s trade desk that The Perth Mint has already entirely sold out of 2016 1 oz Silver Kookaburra‘s, that The Perth Mint will not be taking further 1 oz Kook orders until the 2017 coins are out, and that CNT itself had a whopping 400 coins left in their vaults.  

While anecdotally, the fact that The Perth Mint is sold out of their most popular silver bullion product by the first week of June may seem like no big deal (and will assuredly be poo-poohed by the silver-is-more-plentiful-than-water naysayers), to put this in perspective: the Perth Mint did not sell out of the 2015 1 oz Silver Kooks (the 25th anniversary edition no less!) until early January of 2016!

Think about this for a moment.  The 2016 release had the identical mintage (1,000,000 coins) to the 2015 25th Anniversary release, and the coin sold out in 1/3 the amount of time as last year- even with the 2nd half of 2015 experiencing historic silver shortages! 

While a mere half million silver coins is not going to affect silver’s overall supply situation whatsoever, it certainly is indicative (along with records sales paces of Silver Eagles and Silver Maples) that silver demand continues at a historic pace as we near the end of the first half of 2016.

If the fall witnesses any sort of financial panic or banking crisis, we are looking at the potential for a silver shortage much more extreme than that witnessed in 2015. 

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  1. While anecdotally, the fact that The Perth Mint is sold out of their most popular silver bullion product by the first week of June may seem like no big deal

    Don’t talk rubbish. This line would suggest that the Perth mint only sells 1M Kooks and less of the other coins per year.

    They have not run out of silver, just minted 1M Kooks. The Kangaroo is Perth’s AG workhorse anyway.
    Tell me those are unavailable and I’ll say we are getting short supply on minted coins…

     

    • There is nothing wrong with being prepared for the worse. Studying charts is useless as well if a sudden discontinuity event occurs, as Jim Willie points out. When the confidence game is over, curves will become exponential. What am I saying? Isn’t that already the case with the mounting debt?

  2. Perth Mint has NO 10 Oz Silver Bars

    the only 1 Ounce coins are the Kangaroo and Wedge tailed Eagle

    the Kookaburras are limited to 1,000,000 [1M] per year and this Years design was stunning  so No surprise they have gone      they usually run out before September ( release date of New design )

    2 ounce and 5 ounce coins are also NOT available

    there does appear to be supply issues at the Perth Mint

    • i stand corrected the Kookas `mintage’ is only 500,000

      currently Perth Mint has NO  10  Ounce Silver bars

      some 1/2 Ounce coins

      only Kangaroo and Wedge Tailed EAGLE 1 Oz coins

      NO  2 Oz or 5 Oz coins are AVAILABLE

  3. Apmex has over 3000 2016 kooks. SD should talk about the Somalian elephants. The mintage is generally around 300,000 or less and for $3 over spot. When they’re gone, they don’t come back to the secondary market. Go look at how much the 2014 is going for.

  4. Silver is obviously scarce, that is why the price is 16.50 US. LMAO. More and more we see people on either side seeing who can blow the hotter air. Up until today it was the pro metals guys. Wiener wang took top billing though. My opinion is that silver supply is neither ubiquitous, nor is it scarce to the point of having to mine garbage dumps for used band aids.

    We’ve been in the “last chance to get sivler cheap” vortex for years now. The door is closing. No one has any idea though, how far it has to go, or how fast it’s going.

     

     

    • And the saddest part is when it does happen, it will be too late to do anything one way or the other. The lead in takes forever but the endgame comes suddenly and is over before you know it even happened. These bubbles are so intertwined that it is going to be a massive shift and so swift it will make one’s head spin. Better to be years early than seconds late. I just hope it remains plentiful at these prices.

  5. Pass the WEINERS  But, But, But no Buns….  What a WEINER.  Isn’t that where Bron Sucheki went Monetary Metals…..ho-re-shat.  Bron’s buds  at Perth didn’t even give them a WEINERS UP…. on the Kookaburra’s not singing on the old gum tree….. till 2017 .  LMAO.  Howabout that Co-Basis now.

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