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Bullion capitalists should not anticipate to see a drop in costs anytime soon as the supply crisis for silver and gold coins remains to grow, this according to Peter Hug, worldwide trading director for Kitco Metals.
However, in some excellent information for investors, Hug stated that financiers holding bullion have a bit even more marketing power, in the existing environment. "Dealers will pay up for physical material so they have something in their supply to fulfill demand," he claimed.
" I'm not recommending you offer, however if you're in a situation where you're trying to raise cash, this would certainly be a time to negotiate a quote with the dealership." Although Hug claimed that he is favorable on gold, since costs are so high, it might not be a fun time to chase after physical bullion.
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Gold, silver coin crunch is not getting better – Peter Hug
Bullion investors shouldn’t expect to see a drop in premiums anytime soon as the supply crunch for gold and silver coins continues to grow, this according to Peter Hug, global trading director for Kitco Metals.
However, in some good news for investors, Hug said that investors holding bullion have a little more selling power, in the current environment. “Dealers will pay up for physical material so they have something in their inventory to meet demand,” he said.
“I'm not suggesting you sell, but if you're in a situation where you're trying to raise cash, this would be a time to negotiate a bid with the dealer.” Although Hug said that he is bullish on gold, because premiums are so high, it might not be a great time to chase physical bullion.
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