US Mint couldn't meet demand for gold and silver coins due to pandemic buying

Sale of bullion rose 258% as investors raced for safe havens and online activists launched a buying frenzy

The United States Mint was unable to meet surging demand for its gold and silver bullion coins in 2020 and through January, due partly to pandemic-driven demand and plant capacity issues, it said.

Sales of US gold bullion coins rose 258% last year while silver coin demand was up 28%, the Mint said on Tuesday. Heavy buying has continued in 2021, it said, squeezing supplies, which had already been tight as the coronavirus affected production.

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from The Guardian https://ift.tt/3pJZDKK