Mints are running out of gold; not enough physical silver to cover paper– former U.S. Mint Director

Click here to get this article in PDF

Component 1 of 2.
A worldwide shortage of physical silver and gold products has produced a premium on coins and bars, and this premium is causing a separate between the place rate and the "true" cost that retail capitalists need to pay, claimed Ed Moy, previous director of the UNITED STATE Mint.

Moy, that was the supervisor of the U.S. Mint between 2006 and 2011, mentions the lack of ability of the mints around the world to stay on par with physical coin and also bar demand as a factor for this scarcity.

0:00– Fed monetary policy
3:00– Spot gold price vs "true" price
5:40 – Rate overview
6:45 – Not enough physical silver to cover paper
__________________________________________________________________
Kitco News is the globe's # 1 source of metals market info. Our video clips feature interviews with popular market numbers to bring you market-affecting understandings, with the objective helpful individuals make informed investment choices.

Subscribe to our network to keep up to day on the current understandings relocating the metals markets.

For more breaking information, check out

Follow us on social networks:
Facebook –
Twitter –
StockTwits –

Live gold price and also charts:
Live silver cost as well as charts:

Do not fail to remember to sign up for Kitco News' Weekly Summary– comes out every Friday to wrap up the hottest tales & videos of the week:

Join the discussion @ The Kitco Forums as well as be part of the premier on the internet area for precious metals investors:

Please note: Videos are not trading advice as well as the views revealed might not reflect those of Kitco Metals Inc
.