Gold & Silver Demand too High, US Mint Unable to Keep Up

gold supply

The U.S. money printers are running on hyperdrive, having no problem at all producing paper that is essentially declining the value of the dollar.

On the other end of the spectrum, the United States Mint had no chance of keeping up with the surging demand for gold and silver bullion coins, which are tangible, real assets, throughout the entire year of 2020 and January of this year.

If you weren’t already aware, the red flags this scenario displays could be the precursor to events that have drastic, everlasting effects on our nation and our people.

Of course, we experienced a black swan event in 2020, the COVID-19 pandemic. However, many believe that it merely exposed the kink in our “economic armor.”

In 2020 alone, U.S. gold bullion coin sales rose 258%, while the demand for silver coins rose to 28%. It has been mainly fueled by the pandemic and smart money movers seeking shelter for their wealth.

And yet, even more, disturbing data is released on what seems like a daily basis.

For instance, the unemployment rate falling to 6.3% should be positive news. However, even Fed Chair Jerome Powell says this number is incorrect, and it’s more like 10%.

That’s nearly twice as high as the number we are being told.

And with a third stimulus package being “forced” through Congress by Democrats who have been vocal about bypassing the GOP and disregarding their input, it looks like the money printer has no signs of slowing down.

In a recent interview, senior market analyst at OANDA, Edward Moya, stated, “The reflation trade is really starting to settle in,” and gold is benefiting from the dollar weakening again, and stimulus being the big focus.”

“Gold is going to attract a significant amount of flows because of just the uncertainty with the global economic recovery, and also, the U.S. Federal Reserve is going to be very accommodative for quite some time,” claims Moya.

So far, he is correct as the U.S. Mint claimed that 220,500 American Eagle gold bullion coins were sold in January alone, up 290% from 56,500 a year earlier.

With Biden’s new $1.9 trillion stimulus proposal expected to pass by March 15th, on top of a “true” unemployment rate that is nearly twice as high as the rate reported, the demand for precious metals appears to continue to rise.

So here’s the problem…

Even if you decided that now is the time to protect your wealth by purchasing precious metals like gold and silver, could you even find a supplier?

Luckily for you, that’s a problem we can help you solve, while supplies last.

Call American Hartford Gold at 800-462-0071, where you can buy true assets like gold and silver today.

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