balou2
8th September 2008, 22:35
So, I've been curious about what type of increase there has been in PM orders over the last month. I spoke to a couple different mints/distributors/houses over the last two weeks, while placing multiple orders for myself. What I found was staggering.
The LEAST increase in orders came from NWTM.
I placed a large order on 9/2, then a second large order on 9/8. During that time, 1147 orders were placed at NWTM, JUST for Ag. That's nearly 1200 orders in 5 1/2 days. That's 208 orders per day. BUT...if you fraction this down, it's even more impressive.
Now, they're open 10 hours per day M-F, 4 hours per day on Saturday, and closed on Sunday. 9/2 was a Tuesday, and I ordered half-way through the business day. Today's order was one of the first they took (the third to be precise), so in essence, between the first order on 9/2, and today's order, they were open a total of 4 business days/hours. That translates to roughly 287 orders per day. They're open 10 hours per day, and have 3-4 bullion salespeople working at any given time. That means, on average, just under 10 sales per hour, per sales person, which is one sale per 6-8 minutes.
I know, personally, that most of my calls have taken more than 6 minutes, so these people are seriously moving...i.e. they're swamped with calls.
Two other places that I used, had even more than that. While we are but a tiny spec in the PM market, that's still a hell of a lot of orders being placed.
This is just mindless silverbug geekery, rambling at its worst. Nothing to see here...move along...move along....
The LEAST increase in orders came from NWTM.
I placed a large order on 9/2, then a second large order on 9/8. During that time, 1147 orders were placed at NWTM, JUST for Ag. That's nearly 1200 orders in 5 1/2 days. That's 208 orders per day. BUT...if you fraction this down, it's even more impressive.
Now, they're open 10 hours per day M-F, 4 hours per day on Saturday, and closed on Sunday. 9/2 was a Tuesday, and I ordered half-way through the business day. Today's order was one of the first they took (the third to be precise), so in essence, between the first order on 9/2, and today's order, they were open a total of 4 business days/hours. That translates to roughly 287 orders per day. They're open 10 hours per day, and have 3-4 bullion salespeople working at any given time. That means, on average, just under 10 sales per hour, per sales person, which is one sale per 6-8 minutes.
I know, personally, that most of my calls have taken more than 6 minutes, so these people are seriously moving...i.e. they're swamped with calls.
Two other places that I used, had even more than that. While we are but a tiny spec in the PM market, that's still a hell of a lot of orders being placed.
This is just mindless silverbug geekery, rambling at its worst. Nothing to see here...move along...move along....