Bullion delivery problem at world mints

Numismatic News/Patrick Heller/4-1-2021

photo of gold and silver American Eagles“Two weeks ago, I described how the U.S. Mint is limited by federal statute from paying more than the paper market spot price for the metals it purchases to strike gold and silver American Eagles. As a result, the U.S. Mint is unable to comply with other federal statutes that require it to produce enough of these coins to satisfy public demand. The U.S. Mint isn’t the only government operation that has production problems.”

USAGOLD note: We are still able to fill orders for the most popular modern bullion coins without delivery delays at this time. Premiums, however, are still running at historically high levels the result of inadequate supply and ramped-up demand.

This entry was posted in Today's top gold news and opinion. Bookmark the permalink.