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Mints outpaced by silver coin and bar demand

Sep 30th, 2011 06:19 by News

29-Sep (Yahoo Finance) — The increasing demand for silver bullion coins and bar in top retail markets comprising of North America, Western Europe, China and India, is outpacing supply, according to Dillon Gage Metals president Terry Hanlon.

Hanlon said a change of pattern was also emerging, with Indian investors who traditionally bought jewelry and silverware beginning to include small bars into their silver investment, while China investors were moving into small bars since the liberalisation of its silver market over the past two years.

…This year, US Mint sales of silver increased 26% compared to 2010, but the shortages of blanks still impede further growth.

Author key: MK - Michael J. Kosares; GC - George Cooper; PG - Peter A. Grant; JK - Jonathan Kosares; RS - Randal Strauss. [see also 12 yrs of Discussion Archives]

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