Another Important Tell
We have known for some time that the US Mint has been purposely holding back on producing silver eagles because they are hoarding them. Now we find out the RCM has just told dealers they made a mistake and over allocated and told them they are only going to provide a fraction of what they committed to. Sounds like they realize what is coming and are now also going to hoard their maple leafs. Not sure if just silver or both silver and gold. Same dealer also said the Austrian Mint is also having problems meeting commitments. So at a time when demand for physical is skyrocketing, the mints, either can’t meet demand or have chosen to cut back on level of supply. More fuel for the fire.
From Goldtent supporter Chris
Good morning, Fully!
I was on a couple PM retailer’s sites yesterday cruising prices and I
noticed something I have never seen before. SGB – biggest online seller in
Kanadastan – has no 2023 1oz. Gold Maples. Atlantic Gold and Silver has
practically no Gold of any size or denomination at all!! SGB having no
current year Maples in April is really unheard of – the year is just
getting started and it’s ALL gone! Couple that with a posting I read this
morning that the CDN Mint announced it is scaling back delivery
commitments to dealers this year (no reason given) and “Houston… we have
a problem”.
You can still buy 10oz. bars, so if you want to protect some wealth from
the thieving CBs, you still have some time yet.