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Numismatic News/Patick A. Heller/3-18-2021
“As we have been informed by the U.S. Mint’s primary distributors, called Authorized Purchasers, the Mint has not been able to further ramp up production of gold and silver American Eagles because it has not been able to acquire sufficient metals to do so. The global shortages of physical gold and silver inventories have been rampant for more than a year now. When shortages persist for such a long time, the free-market reaction would be for prices to increase.”
USAGOLD note: Heller goes on to say that despite gold and silver’s gains on a twelve-month basis, shortages of both metals persist, which signals “that the gold and silver prices for physical metals should be even higher.” Instead, those increases show up as premiums on coined items like silver American Eagles, which are now $8.50 over the silver price even at USAGOLD. (Normally, those premiums run around $4 over the spot price of silver.) Silver premiums at most of our competitors are now as much as $10 – sometimes more – over melt value, and that’s if the item is even available. Most orders from our competitors are on delayed delivery as much as a month out. At USAGOLD, as of today we still ship immediately upon receipt of good funds (usually by wire) and we are filling significant orders.
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