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We will keep you informed on a weekly basis of the latest developments regarding delivery times. As already discussed, due to the recent increase in demand for physical precious metals, the waiting time has increased sharply. In this update, we update you on the current situation in the market and expected delivery times.
Last week, we wrote in our update that Swiss gold smelters would restart their production. By Tightness in the gold market It became clear that the smelters play a vital role in the monetary system. Therefore, the local authorities permission to resume production with a number of precautions.
These smelters are an important link in the global gold market, as they refine and melt down large volumes of gold. Not only do they melt down the large 400 troy ounce gold bars into smaller gold bars, they also process scrap gold and impure gold from the gold mines. The smelters are now operating at half capacity, so it may take some time for the market to return to normal and the large price differentials and premiums to subside.
Due to the high demand for investment coins, delivery times at several mints have increased. The Royal Canadian Mint stopped its production for some time, but has now reopened. This mint produces the well-known gold and silver Maple Leaf coins.
This week we were told that the mint of South Africa will be temporarily closed, which means that fewer new gold and silver Krugerrand coins will be put on the market. This does not have a major impact on the availability of the gold Krugerrand, because the annual production of these coins is relatively small in relation to the number of coins already in circulation worldwide.
We have a large stock this week golden Kangaroo and silver Kangaroo coins. We expect to receive these by the end of April. Do you want to buy gold or silver coins? Then these coins are the fastest available.
The gold bars we sell are produced by smelters in Germany. Due to a sharp increase in demand, long delivery times have arisen here. You can now order gold bars from us again, but the expected delivery time is 6 to 8 weeks.
Gold coins come from mints in the United States, Canada, Austria, and Australia, among others. The delivery times for these products depend on the production capacity of the mints and the availability of transport capacity. Due to the huge demand, we are not yet able to order many gold coins. Have you recently placed an order for gold coins? Then take into account a delivery time of 4 to 8 weeks.
Tip: We have a big batch this week Gold Kangaroo coins Purchased. These coins can be expected to be End of April extradite.
Silver bars are sold less often due to the VAT of 21%. You can order these bars, the delivery time is approximately 4 to 6 weeks. Silver bars in combination with storage in Switzerland are more readily available. We can give birth to these 2 to 3 weeks purchases for you.
The demand for silver coins has also skyrocketed recently. For new coins, we expect a delivery time of 8 to 12 weeks.
Tip:The Silver Kangaroo coins are currently the fastest available. We have ordered a new stock and are expecting it End of April to be able to deliver it.
Do you want to sell your precious metals? Please contact us by phone or e-mail for an attractive offer.
In our previous update, we made a distinction between orders placed before and after March 15th. Orders placed before that date have already been delivered or will be delivered in the near future. For new orders, the delivery times as stated above apply. We are still not taking orders for platinum and palladium. Outstanding orders will of course be delivered, but there are also longer delivery times than usual.
Finally, we would like to reiterate that our delivery service Mikropakket will no longer deliver on Saturdays in the near future. This is due to measures against the coronavirus. As a result, Saturday delivery is currently not possible.
