Bron Suchecki, the Depository Administrator of the Perth Mint in Australia, has posted some interesting and alarming insights into the looming supply restraints on gold coins. If popular demand picks back up in the coming year, it could easily force mints to ration their supplies and send premiums surging.
“The extraordinary demand for precious metals coins following the 2008 global financial crisis caught the minting industry by surprise, resulting in never before seen coin rationing and shortages.
It seems not much has changed, with recent reports that the UK Royal Mint ran out of 2014 Sovereign gold coins due to “exceptional demand”, as well as the continuation for over one year of an allocation program first put into place early 2013 by the US Mint on its ever popular silver Eagle bullion coins.
While these recent events have been limited to specific coins, with availability of other leading bullion coins like the Perth Mint’s gold Kangaroo not affected, it does seem to indicate that worldwide minting production capacity is still unable to meet demand surges.”
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Gold Coin Shortages & Rationing To Come?
Bron Suchecki, the Depository Administrator of the Perth Mint in Australia, has posted some interesting and alarming insights into the looming supply restraints on gold coins. If popular demand picks back up in the coming year, it could easily force mints to ration their supplies and send premiums surging.
Read the Full Piece Here
Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
Interested in learning about the best ways to buy gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!