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US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins

 
Coastie Patriot
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02/03/2021 07:55 AM

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US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
NEW YORK—The United States Mint said on Tuesday it was unable to meet surging demand for its gold and silver bullion coins in 2020 and through January, due partly to pandemic-driven demand and plant capacity issues.

Sales of U.S. gold bullion coins rose 258 percent in 2020 while silver coin demand was up 28 percent, the U.S. Mint said Tuesday. Heavy buying has continued in 2021, it said, squeezing supplies, which had already been tight as the coronavirus affected production.

A social media-driven buying spree lifted silver futures to an eight-year high on Monday, but dealers in the market for coins were already grappling with a supply shortage and shipping delays before that rally.

The Mint, a division of the U.S. Treasury, had limited distribution of its silver coins to suppliers as it is currently changing the designs for its American Eagle Gold and Silver Bullion Coins.

“There was going to be a backlog in the silver bullion supply chain that rendered Silver Eagles more scarce either way,” said Everett Millman at Gainesville Coins in Florida. He expected delays until mid-March for the most popular products.



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Coastie Patriot
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THE SAME PEOPLE WHO SAID NO GUNS BECAUSE OF POLICE NOW WANT TO DEFUND THE POLICE!!!!

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They don't really care whether the truth gets out, because the public no longer knows what's meant by "the truth."

Well, I mean, no one can tell the difference anymore between what's real and what's fake.

Anyway, the point is, I can tell you all of this, right out in the open, because it doesn't matter who knows about it. They won't know whether to believe it or not.-
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to grow up remembering th

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Anonymous Coward
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02/03/2021 08:03 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
There may be no short on metals. Be careful here
Anonymous Coward
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02/03/2021 08:15 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
ohlook
Anonymous Coward
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02/03/2021 08:22 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
The Mint, a division of the U.S. Treasury, had limited distribution of its silver coins to suppliers as it is currently changing the designs for its American Eagle Gold and Silver Bullion Coins.





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 Quoting: Coastie Patriot



I thought the mint was supposed to be separated entity from the federal reserve?


how did it become a division of the tresury
Anonymous Coward
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02/03/2021 08:24 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
Silver is magic, its the only good known to man where supply and demand never meet and the price doesn't move to find equilibrium. Silver is the only market in history to remain unclear, day after day, year after year.

But don't worry, there's no manipulation.

dragnet-facts45
Anonymous Coward
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02/03/2021 08:24 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
Under the Constitution, they MUST supply it no matter what.

The price is obviously wrong. Start arresting their paper counterfeiter friends on Wall Street to correct that.
ICF

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02/03/2021 08:25 AM

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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
Fort Knox is empty, it was robbed years ago
Anonymous Coward
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02/03/2021 08:26 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
The Mint, a division of the U.S. Treasury, had limited distribution of its silver coins to suppliers as it is currently changing the designs for its American Eagle Gold and Silver Bullion Coins.





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 Quoting: Coastie Patriot



I thought the mint was supposed to be separated entity from the federal reserve?


how did it become a division of the tresury
 Quoting: Anonymous Coward 66390503


The mint has always been in the treasury dept, the federal reserve is a private corporation. The federal reserve loans dollars to the treasury, maybe that's where you got confused.
TheTruthNeverLies

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02/03/2021 08:26 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
well the federal reserve destroyed it all in 1912
"Firearms are second only to the Constitution in importance; they are the peoples' liberty's teeth."

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Anonymous Coward
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02/03/2021 08:26 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
ohlook
 Quoting: Anonymous Coward 78428617


Hey tard. Just because you don't understand doesn't make you right.

PMs, when obtained for the right reason, are protection from inflation and eventually a collapse in paper currency, namely the dollar.

If you are buying as an investment that you expect to make you wealthy, don't do it! You will get burned. There are plenty of other investment vehicles to suit your purpose.

If you want to preserve your wealth then PMs should always be a part of your investment plans.

Diversification; that's what makes a smart investor.

Retarded morans posting tired old memes on GLP only show me that you are a shill.
Anonymous Coward
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02/03/2021 08:30 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
There may be no short on metals. Be careful here
 Quoting: Anonymous Coward 76738535


It's not about a short squeeze. It's about removing all the metal from the COMEX so that it cannot be used to manipulate prices anymore.
Anonymous Coward
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02/03/2021 08:31 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
There may be no short on metals. Be careful here
 Quoting: Anonymous Coward 76738535


It's not about a short squeeze. It's about removing all the metal from the COMEX so that it cannot be used to manipulate prices anymore.
 Quoting: Anonymous Coward 2492899


^^^THIZ^^^
Soma7

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02/03/2021 08:32 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins


with some:

Anonymous Coward
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02/03/2021 08:33 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
Just wait until the February report.

epiclol
Anonymous Coward
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02/03/2021 08:36 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
Fort Knox is empty, it was robbed years ago
 Quoting: ICF


I totally believe this.

Clinton gave it all to the chiiiii nks.
Grove Street

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02/03/2021 08:36 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
Fort Knox is empty, it was robbed years ago
 Quoting: ICF


yeah but that gold is somewhere else right now..

as well as the gold hillary and obama took from gaddafi..
Grove

And this is why we can't have nice things.
jlee2027

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02/03/2021 08:39 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
People don't quite realize what this means.

The demand > Supply. A lot greater. Massive shortage is here. Oh, you can still get small stuff. Try getting 1,000 ounces. Have to wait.

Wait times will increase.....and sizes available to buy will probably shrink.

Prices are going triple digits. Maybe QUAD.
Anonymous Coward
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02/03/2021 08:40 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
They will seize your shit. They have done so before.
Anonymous Coward
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02/03/2021 08:41 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
They will seize your shit. They have done so before.
 Quoting: Anonymous Coward 79193949


It's called insight and knowing history.
Anonymous Coward
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02/03/2021 08:42 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
the GOLD PAPER MARKET is annually traded and worth in the sums of 70 trillions dollars

while the GOLD IN NATURE IS MINED ANNUALLY IN THE WORTH OF 200 billion dollars

now you can simply see with the above facts, info, numbers that the whole market is a scam and an empty bursting bubble
Anonymous Coward
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02/03/2021 08:42 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
They will seize your shit. They have done so before.
 Quoting: Anonymous Coward 79193949


I guess you didn’t hear about the Gym owner in NJ who had his $116,000 bank account seized.

You think money in a bank can’t be seized?

Talk to the IRS or any federal division about that.
Anonymous Coward
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02/03/2021 08:42 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
Fuck around and stick it to the man! You'll get the spiked dildo in return.
Anonymous Coward
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02/03/2021 08:43 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
I know I'm so eloquent!
Anonymous Coward
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Netherlands
02/03/2021 08:43 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
They will seize your shit. They have done so before.
 Quoting: Anonymous Coward 79193949


It's called insight and knowing history.
 Quoting: Anonymous Coward 79193949


ever hear of someone’s bank account being frozen and seized?
Anonymous Coward
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Canada
02/03/2021 08:44 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
They will seize your shit. They have done so before.
 Quoting: Anonymous Coward 79193949


I guess you didn’t hear about the Gym owner in NJ who had his $116,000 bank account seized.

You think money in a bank can’t be seized?

Talk to the IRS or any federal division about that.
 Quoting: Anonymous Coward 77749877


I'm telling you you're not going to make a dent in the machine. Don't put words in my mouth.
Anonymous Coward
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Netherlands
02/03/2021 08:45 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
The Globalist Cabal wants to get rid of the US Dollar (and all paper currencies) because they cannot track most of those transactions.

They want to go all digital so they control the entire goddamn thing.

To the extent you hold a portion of your net worth OUTSIDE that system, and you can trade with others in a personal barter system, they cannot control you.
Anonymous Coward
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02/03/2021 08:45 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
They are doing away with the old to usher in the new. You're helping them.
Anonymous Coward
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02/03/2021 08:46 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
Thirty trillion in debt and climbing!
OU8122

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02/03/2021 08:46 AM

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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
Fort Knox is empty, it was robbed years ago
 Quoting: ICF


100% correct.

1970's US petro dollar factored in to Fort Knox being emptied.

Last year, I believe several tons of Chinese hypotheicated gold was found to be fake.
OU8122
Anonymous Coward
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02/03/2021 08:47 AM
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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
Go pay the fucking game! IDGAF
OU8122

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02/03/2021 08:47 AM

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Re: US Mint Unable to Meet Surging Demand For Gold, Silver Bullion Coins
Same story in 2009

Thread: US Mint Suspends Production Of American Eagle Gold And Silver Bullion Coins Due To "Unprecedented Demand"
OU8122





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