10/14/2015 – An unprecedented allocation of silver coins around the globe reflects tightness in the market for silver coins, the Silver Institute said Tuesday.
“Retail investors in recent months have seized the opportunity to significantly increase their holdings of silver bullion coins and, to a lesser extent, bars,” said the organization in a special report. “Due to strong demand, the U.S. Mint, the Royal Canadian Mint, Australia’s Perth Mint, the Austrian Mint and the British Royal Mint have put their silver bullion coins on allocation, where the volume of distribution of coins is controlled due to bottlenecks in the manufacturing process. This is an unprecedented industry-wide phenomenon.”
In recent history, this has been done only by the U.S. Mint, said the Silver Institute, an industry organization based in Washington D.C.
“The practice points to… read more