Check out any of the online titles by Antal Fekete. In his most recent he states:
“…Knowledgeable market participants realize that persistently falling basis means increasing scarcity which, in the case of gold, is not and cannot be alleviated by current output from the mines. Output ultimately proves no match for the mass movement of gold going into hiding, first gradually, eventually reaching crescendo when the threat of permanent gold backwardation starts looming large. At that point all deliverable supplies of physical gold would be gobbled up by gold hoarding. In the case of monetary metals, in contrast with all other commodities, high and increasing prices may not bring out new supply. Rather, they might make supply shrink. Monetary metals are exempt from the law of supply and demand. …”
There’s your explanation for the delay at Tulving. It is just a sample of things to come at all major dealers in PMs. It has been noticed, however, that some dealers are more honest than others about the delays, and those are the ones you should select when becoming a customer. The process you are experiencing as a PM customer is called “backwardation”. If you take the suggestion to read what Fekete has to say about the process you’ll have a better understanding of the delay you are experiencing at Tulving.
Since some states are emptying out their prisons due to Federal mandates to address prison population overcrowding, there should be adequate space for the likes of people like Jon Corzine of MF Global who still remains a free man. Unfortunately Washington, DC politicians do not have nearly the spine or honesty exhibited by the tiny country of Iceland. While it may seem a stretch to you, it is not unrelated to your inability to receive your order from Tulving. The corruption at the top brings about many other unintended consequences.