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Yahoo-Bloomberg/Joe Richter and Yvonne Yue Li/4-15-2020
“The clamor for retail investors to get hold of precious-metals coins is about to get more urgent. The U.S. Mint said Wednesday it’s temporally halting production at its West Point facility in New York because of the risk to employees from the coronavirus. … The shutdown comes as convulsive swings in financial markets spur a surge in demand among retail investors for precious metals as haven assets. Last month, the Mint said it sold out of American Eagle silver coins, while the gold coins it offers were snapped up in March at the fastest pace in over three years.”
USAGOLD note: We referenced this report in this morning’s DMR and repost it here for those who may have missed it. When we received notice of the stoppage, we were able to secure new inventory of gold American Eagle and Buffaloes, silver American Eagles and 100-ounce silver bars – all in limited numbers and at reasonable premiums. As you may already know, most of our competitors are out of stock on these items. Needless to say, there is no assurance we can continue to secure inventory under these circumstances. If you have an interest please contact us – first-come/first-served.
Take advantage of our many years experience in the gold business.
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