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U.S. Mint Cuts Supply of Gold and Silver Coins

From scrapmonster.com

The U.S. Mint announced its decision to limit the supply of gold and silver coins to authorized third-party distributors. This is in response to the slowdown in production by the manufacturer due to coronavirus pandemic, according to Bloomberg. Reportedly, the New York facility of the Mint has decided to slow down production for the next 12 to 18 months. It is currently evaluating risks to its employees, so as to contain the spread of the virus. The pandemic has caused disruption of the supply channels of circulating coinage. The Mint’s West Point facility has reported difficulty in simultaneous production of both ... (full story)

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  • Category: Fundamental Analysis