Is the COMEX about to default?
If you’ve been following silver headlines lately, you’ve probably seen the numbers:
- 400 million ounces of open interest
- Only 100 million ounces of registered silver
- “This isn’t speculation — it’s a math problem.”
On the surface, it sounds like a breaking point. Demand appears to exceed supply by a factor of four. If everyone stands for delivery, wouldn’t the exchange run out of silver?
By Paul Stramer
In 2024 we started using the new mint in Indiana to stamp and ship our silver rounds, after over 18 years with the previous mint in Utah.
The mint is now experiencing a larger volume of orders and has extended their production schedule up to six to eight weeks for new orders.
We expect our volume to rise also, and that run has already started.
Here are some of the things that are changing for the better for you, our customers.
1. The old 500 ounce minimum order is gone. The new minimum order is now 50 ounces.
2. They will be very competitive in their price structure, and right now we are offering a price plan based on the volume of metal in each order. See below.
We will still be accepting wire transfers, or cashiers checks like always.
We can only lock an order after we have received the funds. Here is the formula we use to figure your price.
Go to this link on Kitco.com and look up the ask price of silver.
https://www.kitco.com/price/precious-metals
It's in the first table on that page.
The mint is closed Friday, through Sunday, so we can't lock an order on those days.
For a 60 oz. to 99 oz. order, take the ask price and add $5.00
For a 100 oz. to 199 oz. order, take the ask price and add $4.50.
For a 200 oz. to 299 oz. order, take the ask price and add $4.25.
For a 300 oz. to 999 oz. order, take the ask price and add $3.75.
All orders over 1000 ounces will be $3.50 over spot ask price.
Take that number times the number of ounces (50 or over) and then add $30.00 for each 60 to 99 ounce box for shipping, or for large orders add $50 per 500 ounce box for shipping.
Once we have your funds we will run this same formula to finalize the price with shipping.
Be sure to call us when you are ready to order so we can answer your questions.
When you call I will get your email address and send you the bank info for wire transfers or the mailing info for your payment. You can then reply with your shipping address for UPS.
If you have any questions here is my contact info.
Office phone 406 889 3183 8 AM to 2 PM and 4PM to 6 PM weekdays.
Cell 406 253 4257 when I am not in the office. Try the Office line first.
pstramer@gmail.com or pstramer@eurekadsl.net
Thanks for your support over the years. We are now open and taking orders.
Paul Stramer S.A.G.
No comments:
Post a Comment
Place your comment. The moderator will review it after it is published. We reserve the right to delete any comment for any reason.