More anecdotal news of Silver shortages in Canada all the while the SLV supposedly added another 127 tons last week. 4 million ounces - shipped immediately with no delays(!) unlike the Central Fund and other large buyers who must wait months to fill their orders. How is it the SLV can secure all it needs when it needs it at the drop of a hat? Visions of row upon row of "Allocated" lead-filled Silver plated bars quickly come to mind. At any rate this report from an anonymous Canuck:
ESL
An interesting trend to make note of: Here in the Great White North, ScotiaBank (one of our Big Five banks) sells physical bullion through it's investing arm: ScotiaMocatta. I simply walk to the main branch in my municipality, make an order at the bullion desk, pay cash, and walk out with a number of 1 ounce silver bars (or whatever precious metal suits your tastes. I find gold too cumbersome at $1,420 per ounce to be useful for trade/barter WTSHTF)
As of last week, the 100 ounce silver bars were no longer available either online, or through the bullion desk at the main branch here in town. Now, neither are the 10 ounce silver bars. And I'm told that, if their mint is making them, it's going to take a while as they're having problems with fulfillment shipments of raw silver. Wondering when the 1 ounce bars are going to reach the same conclusion... Keep Your Powder Dry, and God Bless! - J. in the Great White North