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FYI Re Precious Metals

Posted by Mr.Copper @ 10:52 on January 26, 2021  

I saw this post just now, posted 22 hours ago, I don’t know if its true, but probably is. By the way, my AG stock seems stronger than normal, it was doing good yesterday even tho a bad day for the rest.

Note:

What we are (I work for a Precious Metals and Rare Coin’s Dealer) seeing is delays are building across the precious metals industry for popular bullion items, some reaching 2-4 weeks, or more.

Normally bullion is available this time of year because world mints are issuing their new products en masse, however, we’re told that an abundance of buying has lead to all the first allotments from the mint being sold out before they’re delivered to mint distributors. This is being caused, it seems, from safe-haven buying after the drama of the US elections, lack of individual selling, and an increase in overall demand for gold, silver, and platinum.

Shortages and delays could be a sign of higher prices to come, so we advise you to place your orders while premiums are relatively reasonable. One thing is for sure, if this continues, you can expect to see premiums on silver and gold American Eagles rise considerably, regardless of the spot prices.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.