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A lack of silver as well as gold coins has actually created suppliers to boost the costs charged to several times what they were making prior to the pandemic, this according to Peter Hug, global trading supervisor of Kitco Information.
" The dealers are arguing it's a supply and demand problem, and regarding the old stating goes, you make hay when the sun is beaming," Hug informed Kitco Information. "The big wholesalers make relatively incidental spreads on Eagles, both silver and gold."
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Silver price premiums: when to draw the line? Peter Hug comments
A shortage of silver and gold coins has caused suppliers to increase the premiums charged to several times what they were making before the pandemic, this according to Peter Hug, global trading director of Kitco News.
“The wholesalers are arguing it’s a supply and demand issue, and as far as the old saying goes, you make hay when the sun is shining,” Hug told Kitco News. “The big wholesalers make relatively incidental spreads on Eagles, both gold and silver.”
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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