hello hm, today's report:
(i) I visited shop to secure any pgm metals they have on the shelf.
The staff greeted me by name upon entry. I must be an okay customer.
I purchased their entire but pitifully small inventory of platinum eagles, maples, and palladium bars.
I asked whether I may place orders and staff replied, "no", with a smile.
I asked when they expect receiving new shipment, and the response, "we do not expect shipment. I think it will be more and more difficult business."
"why difficult?", I asked, think all sorts of plausible reasons except the right one.
"there is no supply"
(ii) I paid hkd 15,988 (usd 2,055) for expensive (vs bars) platinum bullion coins from Canada and america, and hkd 6,241 (usd 802) for palladium bars. Shop was all out of platinum coin. Today's spot was usd 1,822 for PT, and usd 747 for pd. I feel the premium over spot is not relevant, for the physical is everything.
cheers, tj
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