Coronavirus roils metals’ market
Investors who had never thought of buying precious metals are pouring into the metals, depleting inventories. Compounding the problem, the US Mint and the Royal Canadian Mint are closed, and they have not indicated when they will reopen.
Remember, we are dealing with governments here, and they don’t have to operate at a profit. Consequently, shipment dates of new orders for Gold Eagles, the most popular gold bullion coins, cannot be known. Same for the Canadian Maple Leafs, the most popular pure gold bullion coins.
As for silver, problems are similar. However, there are numerous private mints that produce silver products, such as 100-oz. and 10-oz. bars and 1-oz. silver rounds. This makes silver products only slightly more readily available.
Silver Eagles and Silver Maple Leafs (US Mint and RCM products, respectively), are pretty much not available.
On our Specials Pages we offer for sale and immediate shipment gold and silver items, some of which are not well known but some are. Still, we verify the purity of on all incoming items, and we assure you that you are getting good quality metals.
See our Gold Specials Pages and Silver Special Pages for current items available.
On our Product Prices Pages, we now indicate the delivery times for which we will take orders. See Gold Bullion Prices and Silver Bullion Prices.
As always, orders must be placed via a phone call. As this time, because of the coronavirus, we ask even those clients who live in Phoenix to call. 800-528-1380.
Source: https://www.cmi-gold-silver.com/coronavirus-roils-metals-market/
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