No Gold/Silver OR just restricted access to reserves?

isaiah58

Many businesses in NY are shut down, with limited access even to Wall Street. The same thing going on across half the country. I wonder, exactly where do the largest bullion dealers store their bullion and subsequently ship it from? How many keep products on site with producers and drop ship orders?

This shortage might not be due to there not being bullion available, but it's not being accessible?

derryb

on-line transactions are up and running.

Jinx86

A few dealers Ive talked to have had packages returned and marked "COVID-19". Our best guess is that they were shipping to "non-essential businesses", and packages couldn't be dropped off or even attempted to be delivered.

ricko

Supply only seems to be 'drying up' at small dealers/sites that naturally had limited 'on hand' inventory. The delivery chain may also put a crimp in large suppliers ability to deliver. The metals are still out there...just panic driven issues right now. Cheers, RickO

jmski52

Some dealers drop ship, and some ship direct. I suspect that it depends on availability and market conditions.

isaiah58

I did read an article on Comex today. It covers that there is a fraction of physical compared to contracts. It also said that it is impossible for anyone to take delivery. They are not accepting or sending out anything due to the shutdown. There are several articles and videos alluding to how both things are affecting the current physical market.

dpoole

I'd think most retailers are having trouble with deliveries for inventory. The big guys seem to be weathering it for the time being.

jmski52

They are not accepting or sending out anything due to the shutdown.

Even in "normal" times, there are several hoops to jump through if you want to take physical delivery from the Comex. On the same level as a root canal.