{"id":56814,"date":"2021-02-17T09:19:39","date_gmt":"2021-02-17T14:19:39","guid":{"rendered":"https:\/\/olduvai.ca\/?p=56814"},"modified":"2021-02-17T09:19:39","modified_gmt":"2021-02-17T14:19:39","slug":"u-s-mint-rations-bullion-coins-why-arent-prices-rising-too","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=56814","title":{"rendered":"U.S. Mint Rations Bullion Coins \u2013 Why Aren\u2019t Prices Rising, Too?"},"content":{"rendered":"
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U.S. Mint Rations Bullion Coins \u2013 Why Aren\u2019t Prices Rising, Too?<\/a><\/h3>\n<\/div>\n<\/div>\n<\/section>\n
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\"U.S.<\/p>\n

This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: The disconnect between gold and silver bullion demand and price, we could be months away from $50 silver, and trove of antique Roman silver coins unearthed in Turkey.<\/div>\n<\/div>\n

Why bullion prices don\u2019t seem to be in line with demand<\/strong><\/p>\n

Despite\u00a0record demand for gold and silver<\/a>\u00a0bullion coins month after month, the prices of both metals continue to linger within limited ranges. Gold even pulled back to just above $1,800 during Friday\u2019s trading session. So what\u2019s going on? Why isn\u2019t the clearly-demonstrated demand driving prices higher?<\/p>\n

U.S. Mint director Ed Moy<\/a>, whose tenure stretched from 2006 to 2011, recognizes today\u2019s situation and draws many parallels to the start of 2008:<\/p>\n

The last time demand was this high was during the [2008-2009] financial crisis. People were panicking and buying into gold, and prices were shooting up. Then the government started injecting both fiscal and monetary stimulus, and you saw gold correct down maybe 20-30%. And then, over the next three years, gold began to climb until it set a new record of $1,925 in 2011. Afterward, gold didn\u2019t decline until it became clear that the economic recovery was going to be slow, which eliminated the uncertainty. The Fed also had the time to mop up all the excess liquidity before it caused inflation.<\/p><\/blockquote>\n

The former director explained that, besides overloaded mints and supply chain disruptions, there are several other factors that could play an interesting role in shaping up gold\u2019s price over the coming months and years. Moy believes that perhaps the biggest reason for the disconnection between price and demand lies in\u00a0Wall Street\u2019s shorting<\/a>\u00a0of the metals.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n

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U.S. Mint Rations Bullion Coins \u2013 Why Aren\u2019t Prices Rising, Too? This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: The disconnect between gold and silver bullion demand and price, we could be months away from $50 silver, and trove of antique Roman silver […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[18769,3563,124,303,374,535,647,730,3650,3564],"class_list":["post-56814","post","type-post","status-publish","format-standard","hentry","category-economics","tag-birch-gold-group","tag-bullion","tag-central-banks","tag-fed","tag-gold","tag-monetary-stimulus","tag-precious-metals","tag-silver","tag-us-federal-reserve","tag-us-mint"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56814"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56814\/revisions"}],"predecessor-version":[{"id":56816,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56814\/revisions\/56816"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}