EDITOR NOTE: According to a recent Bloomberg report, the US Mint is slowing down production of gold and silver coins to help prevent COVID spread among employees. This further disrupts the gold and silver supply chain. Dealers are now being asked to provide a forecast in demand, making the coins even more scarce due to limited production. With investor demand increasing, expect to see gold and silver coin prices soar even higher as there will likely not be enough supply to satisfy demand.
The U.S. Mint has reduced the volume of gold and silver coins it’s distributing to authorized purchasers as the coronavirus pandemic slows production, a document seen by Bloomberg shows. The Mint’s West Point complex in New York is taking measures to prevent the virus from spreading among its employees, and that will probably slow coin production there for the next 12 to 18 months, the document shows.
