Congressman Alex Mooney Looks into the Mint’s Chronic Silver Shortages and Delays

U.S. Mint sales of gold bullion coins declined in August but they were up for the year-to-date.  By contrast, silver bullion coin sales continue to decline, year-over-year, due to the shortage of silver “blanks” for minting new coins.

Congressman Alex Mooney Looks into the Mint’s Chronic Silver Shortages and Delays

U.S. Mint sales of gold bullion coins declined in August but they were up for the year-to-date.  By contrast, silver bullion coin sales continue to decline, year-over-year, due to the shortage of silver “blanks” for minting new coins.

Congressman Alex Mooney Looks into the Mint’s Chronic Silver Shortages and Delays

U.S. Mint sales of gold bullion coins declined in August but they were up for the year-to-date.  By contrast, silver bullion coin sales continue to decline, year-over-year, due to the shortage of silver “blanks” for minting new coins.

Congressman Alex Mooney Looks into the Mint’s Chronic Silver Shortages and Delays

U.S. Mint sales of gold bullion coins declined in August but they were up for the year-to-date.  By contrast, silver bullion coin sales continue to decline, year-over-year, due to the shortage of silver “blanks” for minting new coins.

Silver and Gold Looking to Make a Turnaround

Silver soared by over $1 an ounce on Monday, September 12, rising from $18.80 to $19.85, touching $20 at one point. Gold also rose Monday, as the U.S. dollar finally took a dip, with investors waiting for the release of the Consumer Price Index (CPI). On Tuesday morning, the CPI came in “hotter” than expected, which sent both stocks and gold down, since that implied more rate increases down the line.

Silver and Gold Looking to Make a Turnaround

Silver soared by over $1 an ounce on Monday, September 12, rising from $18.80 to $19.85, touching $20 at one point. Gold also rose Monday, as the U.S. dollar finally took a dip, with investors waiting for the release of the Consumer Price Index (CPI). On Tuesday morning, the CPI came in “hotter” than expected, which sent both stocks and gold down, since that implied more rate increases down the line.

Congressman Alex Mooney Looks into the Mint’s Chronic Silver Shortages and Delays

U.S. Mint sales of gold bullion coins declined in August but they were up for the year-to-date.  By contrast, silver bullion coin sales continue to decline, year-over-year, due to the shortage of silver “blanks” for minting new coins.

Congressman Alex Mooney Looks into the Mint’s Chronic Silver Shortages and Delays

U.S. Mint sales of gold bullion coins declined in August but they were up for the year-to-date.  By contrast, silver bullion coin sales continue to decline, year-over-year, due to the shortage of silver “blanks” for minting new coins.

Congressman Alex Mooney Looks into the Mint’s Chronic Silver Shortages and Delays

U.S. Mint sales of gold bullion coins declined in August but they were up for the year-to-date.  By contrast, silver bullion coin sales continue to decline, year-over-year, due to the shortage of silver “blanks” for minting new coins.

Inflated Dollar Keeping Gold Depressed Domestically

The main reason gold is staying low in U.S. dollars but gold is still up for the year in terms of many other currencies. The euro began 2022 at $1.1325 and gold cost 1,607 euros per ounce. Now, the euro has fallen under $1 and gold costs 1,742 euros per ounce, up 8.4% so far in 2022.