Search

What is bulk bullion?


Let me start by telling you that this has been a topsy turvy week. With the whole Reddit #wallstreetbets playing out in so many different ways, and then the quick switch in focus to another massively shorted commodity in silver (which took prices above $30 on paper before falling back to below $27), this has been a wicked couple of weeks.


Let me bring you up to speed on options.


Many of you reading this will know all too well the predicament that most North American dealers, both big and small, find themselves in today. Silver prices are on the precipice of exploding higher for so many good reasons, yet there is almost nothing available for purchase anywhere? Well, this is not entirely true.


The Royal Canadian Mint reports a multi-week delay on shipping for any of its 2021 products, and they indeed have no concrete availability date yet announced on new supply. This delay bodes well in the medium to long-term as prices will naturally move higher when supply constrictions occur. But for now, the only place you will find high prices are in the premiums charged on anything that is physically available for delivery.

The U.S. Mint has returned to allocation, reducing, and limiting the number of coins released to the dealer network weekly. The imbalance between supply and demand has already pushed wholesale premiums roughly .75%-1.25% higher on gold bullion coins and bars and approximately +2.5%-4.5% on silver bullion coins and bars since the start of 2021.


How can we still acquire physical bullion and benefit from knowing that it is a tangible product that can be taken for delivery anytime we want? Well, this is why we offer bulk bullion at Delta Harbour Assets.


Bulk bullion refers to bullion products held through our bulk bullion custody service and represents an interest in non-allocated bulk bullion holdings. It is NOT a certificate, grant or endowment convertible to bullion. It is real, physical bullion held in a vault under your name.


Bulk bullion holdings include various bar and coin brands and bullion sizes, maintained at major institutions (please ask about our Storage Relationships). Customer holdings can be traded in 1-ounce increments. Delta does not trade short positions, futures, or options, and we do not lease bullion.


Bulk bullion custody holdings offer customers a flexible and cost-effective way to invest in gold and silver. Holding positions in bulk bullion form improves liquidity and provides fair pricing in all market conditions. Of course, upon payment of applicable differences in premiums, shipping and handling fees, customers can convert their bulk bullion holdings to allocated specific types of bars or coins and take delivery at any time.


Owning bulk bullion means you derive all of the benefits of ownership, but without the high premiums, such as those in the silver market right now. At a later point in time, when premiums come back down, you can choose to convert your holdings into a different bar or coin type, having forgone the cost of the high premium altogether.


For more information, please visit our website www.deltaharbour.com or give us a call at 1-888-335-8645.



Yours to the penny,


Darren V. Long

Delta Harbour


17 views0 comments

Recent Posts

See All
Front  view of light silver bank vault d

Get in touch

Book a

30-minute consultation

Book a free consultation and let us walk you through what we offer, and answer any questions you may have.


Open An Account
 

Ready to go? Click below to open a direct delivery, vaulted storage, registered (TFSA, RRSP, etc.), or collateral financing account.


Call or email
 

Our concierge team is standing by. Just give us a call at 1-888-335-8645 from 9 am until 5 pm (EST), or email us at dlong@deltaharbour.com.


Chat
 

We have precious metals experts standing by to answer your questions. Just click on the chat button at the bottom right of the page to start.

Delta Harbour Concierge Service

When you become a client of Delta Harbour Assets, you will automatically get access to the white glove service.

  • 2 Account Representatives assigned to your account

  • Access to members-only content

  • Access to members-only product specials

  • Telephone and Live Chat Support

  • Timely updates on the precious metals markets

  • Free One-on-one phone consultations

  • No additional management fees

Navigation-Logo.png
  • White Facebook Icon
  • White Twitter Icon
  • LinkedIn
  • White YouTube Icon

345 Renfrew Drive, Suite 201

Markham, Ontario, Canada

L3R 9S9

1-888-335-8645

sales@deltaharbour.com

Sign up for our newsletter

© 2021 Delta Harbour Assets Inc.