When it comes to buying silver, mint’s hands are tied

Numismatic News/Patrick Heller/3-25-2022

photgraph of 2021 silver American eagle obverse and reverse“So long as the market price for physical silver remains consistently higher than the paper commodity contract price, the U.S. Mint is going to continue experiencing difficulty in obtaining sufficient silver.”

USAGOLD note: Heller puts his finger on the real reason the Mint is having problems securing silver for coin production. It’s always been a case of the paper market tail wagging the physical dog in precious metals pricing. When demand booms, shortages occur and premiums rise – precisely what is occurring in the silver market as this note is written.

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