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BREAKING NEWS: "Not enough physical silver to cove

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Post# of 145215
(Total Views: 257)
Posted On: 04/29/2021 6:35:34 PM
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Posted By: NoSpinZone
BREAKING NEWS: "Not enough physical silver to cover paper" - former U.S. Mint Director

https://www.kitco.com/news/2021-04-29/Mints-a...ector.html

(Kitco News) - A global shortage of physical gold and silver products has created a premium on coins and bars, and this premium is causing a disconnect between the spot price and the "true" price that retail investors need to pay, said Ed Moy, former director of the U.S. Mint.

Moy, who was the director of the U.S. Mint between 2006 and 2011, cites the inability of the mints around the world to keep up with physical coin and bar demand as a reason for this shortage.

"Not only the U.S. Mint, but other Mints around the world, Australia's Perth Mint, the Mexican Mint, have all run out of gold, they can't keep it in spot and there's so many shortages retailers are having problems accessing that gold," Moy told Michelle Makori, Kitco's editor-in-chief...



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