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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
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