UNBOXING a Perth Mint 1000oz Silver Bar!
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- Опубліковано 21 лип 2024
- We EPICALLY unbox a Perth Mint 1000oz LBMA Good Delivery silver bar, which as far as we can tell is a first on UA-cam! Use the time code to skip to the lifting of the lid, or watch from the start for the usual witty banter plus some "topical discussion". Of course, you can buy one of these bad boys from your favourite bullion dealer at bullionnow.com.au/product/per...
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#EpicUnboxing #BullionNow #1000oz
00:00 Witty Banter & Stuff
05:22 Lifting The Lid!
Great to see a 1000oz bar.
In vid you mention cash out of un allocated, that’s taking profits or loss in a position. A lot of people, like me didn’t cash out but converted to allocated, so PM didn’t get a over supply of silver. They actually had to make my bar and legally assign it to me.
I heard Perth Mint is selling 1000 OZ bars from China
Are they still .999 silver? If they are still pure silver it shouldn’t make any difference. I guess.
@@curtisrandolph1887 Only if your paying the Australian Premium price for Perth Minted Bars and you end up with Chinese Bars instead.
seriously you would accept a Chinese silver bar and be happy and confident with it? omg whats happening to people.
resale value is everything, no one is wanting Chinese bars lol.... paying 1000bucks for fabricating cost and receiving a Chinese bar is a scumbag move by the perth mint! I've lost all respect for them. a company that doesn't uphold the highest standards for its own reputation is not a trustworthy company.
@Nicholas P I was meaning that i do not trust China and there would be a strong possibility of it being fake - ie mixed with cheaper metals
I look at this great 1,000 Oz beast and I think to myself: “You’re gonna need a bigger Vault!” 😆
I can't stop thinking "they could have gotten two monster boxes of silver but choose to get one huge bar instead. WTF is wrong with them?
@Aayan Ismail I can't stand collectors, they never think rationally. I have purposefully gotten as few types and as uniform of coins as I can, in order to prevent any emotional attachment to them, because silver are just an investment vehicle and we must be willing to dump them when the opportunity arise (like if the gold-silver ratio became a teenager)
@@rphb5870 The answer is, if you want to invest in a large amount of physical silver, the big bar is much cheaper because of its low premium.
@@mr.porsche2069 yes for these with big money. I buy a tube at time, that is my budget, If I could afford thousands of ounces every month, than getting these 1000oz bars would be a good idea.
The problem is, we much be able to liquidate small increments of our stack at the time, so unless 1000oz can be considered a "small percentage" of our stack, it don't make sense buying them. And 1oz coins are a lot more liquid than 1000oz bars.
Ps. Than there is also that annoying little thing with VAT. There is no VAT on officially minted government coins, but there are on bars. As an example the 1kg kookaburra coin, are over 100€ cheaper to buy than a generic 1kg silver bar, and I doubt very much that even buying 1000oz bars in bulk can overcome the value added tax that is always triggered on bars.
Very awesome guys thank you, I’ve never seen a 1000 oz bar before and they look cool AF.
Our pleasure!
No doubt Perth mint sent these out to you to make it look like they actually have silver bars in stock. They melted down the Chinese bars to make these
"No doubt" is a tell for both cognitive dissonance and confirmation bias.
@@BullionNow I mean we actively have someone tracking the depository at Perth mint and what we saw was a large stack of 1000 Oz Chinese silver come in , the mint claiming they still didn’t have stock or it was going to be significantly delayed for people cashing out in un allocated and a rejection of Chinese silver based on previous drama involving tainted gold . The Chinese product then disappear and these Perth bars appear. Doesn’t take much to work out what happened. They either one they don’t have the metal to back up what they claim to have , or people are requesting physical silver in odd denominations the mint does not hold. The fact they brought Chinese product for such a large mint and we didn’t see the small denomination silver move much tells me there is at least some truth to them running a fractional silver program. My comment referred to mints business practices not that of bullion now, from a PR prospective what better way is there to give consumer confidence that you actually have x product then sending out massive denominations to one of Australia’s largest bullion dealers
@@calypsomoon9617 very odd that bullion now would reply to your comment in such a way... also they haven’t been reading up on John Adams there in Australia.
Finally, last time I checked people were not cashing out on their unallocated accounts... they were asking for delivery and getting rejected or pushed way out. I’ve even heard of some individuals receiving Chinese 1,000 ounce bars instead of Perth mint bars... looks like these guys are running a cover for them...
Whatever one believes about the Perth mint and the real status of their stock, I think the main take-away from this entire discussion is simple. If you are wealthy and you are using precious metals to preserve that wealth in the event of various scenarios, all those scenarios should point out to you clearly that the only option is for you have custody of your metal. It's that simple. Do not buy into pools, synthetics, products that can be (re)hypothecated, etc. Just build yourself a storage and hold onto it, physically. That's all. If everyone just did this there's actually no story or controversy possible anywhere in the system.
@@dennisd9875 all my silver is physical and I complete agree, when I said cash out I meant demanding physical silver and cashing out of un allocated to a physical product
Gorgeous to behold! Thanks for sharing this video!
Love your videos,
Maybe you guys can tell me why pre 1933 U.S. gold coins are paramagnetic rather than diamagnetic? I've asked a few gold dealers & none of them could or would tell me. thanks.
I've thought a lot about buying a 1000oz bar but think that 100oz is as large as I should get, but it would be fun. ;)
Foolishness
@@ChristianRifleClub What is "Foolishness" ? My question, or the thought of buying a 1000 oz silver bar, or that 100 oz is as large as I should get....... or is the video he put up foolishness? Or is it all of it foolishness, but if that is the case then maybe all the things we humans do are more or less foolishness, like going to work so we can buy a new or even used car, buying a home, or eating ice cream, or saving this faith based money that we use to 'buy' stuff with that for the most part we don't really need, of course we could go on about war, hate & etc. So what is Foolishness. Maybe it just me typing this comment. ;)
Hope he made it through opening the other 4 boxes without losing any fingers
Haha that’s what I thought too
The other four are full of peanuts.
Never realize silver was a wood magnet until this un-boxing!😜😂🤣💢🎯
John Adams claims Perth Mint is importing Chinese Silver.
And nobody in a lucid state of mind would debate that
They are getting and using Chinese bars. People have received Chinese bars and they have also been told by the Perth then self. They would be sending out Chinese bars. There is no maybe about it!!
The sound of it rotating against the table is confidence-inspiring. (Maybe also in the table :D)
WHAT DID THE PERTH MINT OFFER YOU TO DO THIS?
They have them only for the big boys they are slow rolling them out imho.
We made something for you: ua-cam.com/video/-TnKAh83OOE/v-deo.html
That’s the quickest sale of 1000oz of silver I reckon, gone in under 2 hours. Bullion Now’s clientele is not mucking about
The bar is stamped 2014 vintage stuff from the Perth mint, at the bottom of the barrel?
If there is ANY deception I being perpetrated, what makes anyone believe they wouldn’t be able to stamp whatever date (s) the mint wanted on the bars...if it fits the narrative.
"We've had a 1000ozer before". But now all of a sudden you have 6. Seems like some Baghdad Bob style propaganda.
00:00 Witty Banter & Stuff 05:22 Lifting The Lid! - We EPICALLY unbox a Perth Mint 1000oz LBMA Good Delivery silver bar, which as far as we can tell is a first on UA-cam! Use the time code to skip to the lifting of the lid, or watch from the start for the usual witty banter plus some "topical discussion". Of course, you can buy one of these bad boys from your favourite bullion dealer at bullionnow.com.au/product/perth-mint-cast-silver-bar-1000oz
He finally gets it open at 5:22. It was worth it to see the Perth Mint bar, much prettier than most. :))
Yeah you can see the screws were still too far in. Yelling at the screen..take out the screws Lolol
Can you explain why taking delivery of unallocated would reduce the price? Physical supply and demand doesn't dictate the price. Price is set at the Comex; unless you're alluding to the idea that the Perth Mint would close out its long positions to EFP at the Comex because people are taking delivery? Why would they do that if they are over supplied with stock; it seems logically incoherent.
3:02 You could turn the box upside down and give a good shake. It is a 1000 oz bar after all.
Good thinking!
The lumber the box is made out of is just as valuable in todays lumber market
That's one very shiny beautiful bar!
I have watched this video many times and it never gets old. I would love one of these
1:27 i assume that they charge accordingly ?
Wow!! That's amazing! Thanks for sharing this
THIS IS VERY WELL TIMED FOR THE PERTH MINT. I
I WONDER HOW MANY PEOPLE ARE IN THE QUE TO GET THEIR SILVER OUT OF THE PERTH MINT.
THERE IS NO SHORTAGE OF SILVER? WHY HAS PERTH MINT LIMITED THE AMOUNT PEOPLE CAN BUY?
It would be very helpful to know how you ended up with the bars.
The Perth mint have been lying to people about their unallocated silver!!
I wonder if they are Chinese bars melted down and recast.
Thank you for the one and only 1000 oz bar unboxing video.
What is the cost? What is the cost of postage?
That nose rub 1:09 is so satisfying after the corona has vanished in Australia..
Someone got a mention! ua-cam.com/video/-TnKAh83OOE/v-deo.html
If your unallocated program is fully backed 1-to-1 as you've claimed, then why would anyone bother with allocated programs that cost so much more? There must be more advantage in the allocated program than simply be given a serial number to claim that bar is yours.
Silver is afterall fungible, a 1000oz bar with a serial number that ends with either even or odd number is still a 1000oz silver bar. Why should people in allocated program pay so much more just to receive a serial number linked to their name?
Because when you buy unallocated from places like Bullion now, they don't actually purchase any metal for you - they just take your money and fund their purchases so as to have inventory to sell to retail. It's a big ponzi scheme.
Excellent video! Love the normal (well not 1000 oz bar, lmao) off the cuff type video!
Thanks!!
Just been on the Perth Mint Website and not a silver bar to be seen !
Hi, I'm new to your chanel,, but love it,, from UK /Thailand
Is it Chinese though?
Nice video!!! How do you test 1000 oz? Can you do a video testing 1000 oz bar? Thanks
Have a look at this: ua-cam.com/video/llvCRm3GUvg/v-deo.html
@@BullionNow haha I saw this a few days ago. You were sweating. Good job though. Do interested in how you machine check the 1000 oz. Thanks
Do you guys have any 100 oz bars coming from perth mint ?
Not anytime soon as far as we're aware.
I have a question.
Are you going to show us an actual Perth Mint 1000 oz Silver bar?
This one is a little short 😥😫
Just kidding, you guys crack me up.
Hello from California!👏👏👏
🤣🤣🤣🤣🤣🤣🤣🤣
If I bought that I sure as hell would like the shipping box...
This is epic I would love to own one
Cut it in half and see what is actually inside it. 😮
When I grab mine I will 100% be drilling into it.
How much would a 3 oz bar or silver cost
Not many 3oz bars of silver made. Standard sizes are 1oz, 10oz and sometimes 5oz.
Chinese silver ?
there are very few "silver" mines in Australia one of the reasons is the price is so low and just not profitable as a stand alone operation
there is a lot of silver mined in Australia but mostly as bi product from large copper, gold & nickel mines
i believe some mining operations from Australia send there ore to China for bifurcation and some conspiracy types are confusing returning silver as "Chinese" silver
Once you ship your ore to China how do you know what your getting back??? It's kinda like taking your game meat to a processor. Do you really believe you get all back from that animal?
At the beginning of the video, I thought we were going to witness the cutting of a finger by a cutter 😱😱😱😱
Imagine going to pick up one of those up as a delivery man 😳
The guy who delivered these to the office was let's just say... a little tired afterwards haha
I walked up the road from bullion now with a 1000oz bar in my bag on a shoulder strap. 20meters up the road my bag straps broke. Had to kinda hug the bag the rest of the way.
It’s only 32kgs
It’s the check bag weight limit on flights
@@phillconnors1023 its different weight because its in a tiny area the stresses are different.
Its not 30kg of clothes in a huge suitcase
@@phillconnors1023 Checked baggage allowance | Virgin Australia
All our fares include one checked baggage at 23kg,
Now thats a bar 😯
Is there another screw under the tape?🐎
how much are these bars? none listed now?
They were $1.50 AUD over spot per ounce.
thats a great buy!
Wooooow Perth mint 1000....beautiful
I remember my first time opening a wooden box...
Those are just the coolest bars.
They are really something to behold in the flesh!
Store it in a freezer for a couple days. It will suck up the cold and have nice looking condensation and vapor coming off of it. Makes the kilo bars look like a weird resource from out of space.
Well this might cause a stir...
So when do you have to send it back?
We don't. We bought it. It's ours. Well... in fact it's not ours any more, because we sold it to a customer.
Hey guys I bought some 1kg bars they are stamped Perth Mint but have no serial numbers! is that normal!
Yes thats normal. Perth Mint 1kg silver bars do not come serialised.
Anyone who is selling unallocated is doing it to buy physical from somwhere else. So net effect is the same.
No, some people sell unallocated for cash. Not everyone wants physical.
@@BullionNow the current movement of people selling unallocated is primarily focused on the fact Perth has been caught not backing their unallocated by physical. Alot of the people who are complaining about the 5months for the specific product they want to be manufactured asked for 1000oz were offered Chinese 1000oz bars. After the Perth mint ceo called silver stackers keyboard warriors and said they have 60 tonnes of 1000oz bars seems fishy they need to offer Chinese to unallocated holders trying to transfer to physical. So are cashing out and going to more reliable sources for allocated programs or physical. You guys back your unallocated but perthmint/kitco do not. Fractional reserve silver is a scam.
BTW there's a move by the silver community to buy as much silver as they can on may 1st a few dealers supporting the may 1st raid are putting out discount codes for their websites if you guys wanted to take part with a discount for may1st I could put a post up on
r/wallstreetsilver about it unless you guys are already there. A few of us post about you guys there. That community is seeing exponential numbers flooding in.
The statist stenographers are at it again 👌
Looks brand spanking new that one.
How much for one those bars?
They were $1.50 AUD over spot per ounce.
What a lump! Awesome
Awesome I'll take 10 please!
that box did not have to be destroyed.
Thats awesome best super epic unboxing 👌 you could paint it brick colour and replace 1 of your house 🏠 bricks 🤣
You know, thats not such a crazy idea! Thinking...
@@BullionNow almost as safe as the guy who buried his under his flower bed 🤣
Because it a little less than 1000 Oz, there’s no reporting requirement to the IRS in the USA.
Love the silver, but it's painful to watch the cutter blade!
Greetings from Scandinavia from a professional craftsman
We hear you!
It seems abit fishy to me regarding the timing of the first 1000oz freshly minted PM bar unboxing video just turns up at Bullion Now and they are also advertising how their unallocated is 100% backed by silver. They didn't buy those bars to sell to customers but back their unallocated positions. Seems quite convenient for Perth Mint and Bullion Now.
It is also a bit fishy what they said at 5:21.
@@christofour217 Totally agree. Those guys are smarter than that. Something is up.
@@daveshufflesbriz They are lying or at the very least being deceptive and disingenuous with what is really happening in the silver market. It is very clear to me. If I were a Bullion now unallocated customer I would be demanding delivery immediately. I know when I am being lied to and maybe they are trying to calm their unallocated customers nerves by showing some silver from Perth. I highly doubt they hold any of their customer Silver and after this video, I do not trust them at all. take care
The main thing people don't understand about our Unallocated program (which is different other companies programs and acts much closer to a Pooled Unallocated program) is that we are happy when customers redeem for physical... because thats when we actually make a profit. Because we back it 1-1 with physical, we take the hit on the premium. It's not until a customer redeems, do we get that premium back and then a small amount of profit on top of that.
Timing is fantastic 🤣🤣🤣🤣🤣🤣🤣🤣🤣
These types of bars are hard to unload. These are the typical size for comex contracts.
the big question is WHY?
I would rather have two monster boxes of silver coins, than one huge bar, Because I can open these boxes, and sell each coin individually
We will have a doorstop in Heaven made of silver. Thanks for the video.....
You needed a ply bar and bank loan to buy one Lol . God Bless
Silver turns Black😎
That guy scares me to death when he uses that box cutter
Wow!
But according to some people, the Perth Mint is sold out of 1000oz bars!
:) :) :)
I know, a total pumper scheme :D
Wood crate always use crow bar especially 5 crates
Left it at the other office!
What a beast, how much to ship to the UK
more than the bar itself
@Baracka Flaka Flame buy someone a plane ticket , stick it in the luggage, not so expensive hahaha
@Baracka Flaka Flame I know. It's a joke. That went over your head, but I'm not surprised.
Not having a flathead screwdriver: 21st century problem, for sure.
Hmm... each one is worth 1/2 of one bitcoin. Which would you rather have?
whatever I can leave to my grandchildren in 40 years
Lol that’s an easy ass question.! Silver..
Silver 7 days a week baby!!
Both
@@carpete9104 Lol, don't be greedy!
There was a UA-cam stacker who told a story that he used to hang around his LCS as a teenager. A elderly woman had the staff bring in 2 or 3 black doorstops. Just like you show there. Hiding in plain site.
Nice!
I was worried about his feet while the bar was on the edged of the table
Steel caps. But even so... imagine that bad boy falling on your big toe! Would hurt a little more than stubbing it on the coffee table.
That took longer than expected.
Yup... will have powerdrill handy next time!
Looks like they are in the backrooms.
Heavy!
The Perth needs to start minting the 2021 10 ounce Kooks ASAP.
Totally agree!!
FedEx guy: hello what would you like to deliver or recieve
Guy: I would like to deliver a bar of silver
FedEx guy: how much does it weigh
Guy: *70 pounds*
Those have got to be heavy beautiful bar and probably super pricey
$1.50 AUD over spot per ounce.
@@BullionNow That's so cheap. . .the premium I mean.
@@ptaeiy 28,000
@@goodoldschool898 vs 36000 Silver Eagles or 34000 Maple Leafs. If only it were available in the US.
Lol nice anvil
Cool
THIS IS THE LAST SILVER THAT PERTH MINT ACTUALLY HAS. It's customers can't get anything without waiting for months and Perth 's CEO lies about what it has.
Nope!
Do you have any now ?
Be careful I put six of those on my kitchen table and the table collapsed
Noooooooooo, that didn't actually happen, did it?
Bullion Now yes it did I was trying to get a photo of all my silver but there was also a heap of 100 oz and 1 kg and 10 oz bars on it also the table broke in half and broke the tiles in the dining room floor those 1000 oz bars are heavier than they look
People would probably still pick the chocolate bar over this bar, mark Dice
🤣🤣🤣🤣🤣🤣🤣🤣
Half the vid was just him fighting that tape
OMG! You didn't cause an earthquake did you when you put it on the table!? Lol! I realise it's not probably going to be very easy if I had one to sell it later but I want one!
They are very impressive in the flesh.
Try a flat head screwdriver next time.🐎
I❤silvar
Where your glove, you got told off by joe again, hahaha...this is Perth mint....
I had one fifth of that brick but sold it for diamonds
Deaam one day i will get one 😂
Expensive doorstop rofl
Ah, hey, guys, I was wondering if I could borrow that bar for a little while,....do ya mind sparing😁
Not at all. Come by the shop :)
Worth the same as a fairly nice new car these days, or ~15 ounces of gold.
Yep!
So if you paid spot that would be 26,000 dollars