News & Opinions About Gold & Silver

February 25, 2024

Breaking Metals Market Update!

Breaking Metals Market Update!

Along with keeping you in the loop on the most interesting coins we handle, we will also keep you posted on key insider events happening within the gold and silver bullion markets.  In recent weeks gold bullion coins like American Eagles and Canadian Maple Leafs have become quite scarce.  Delays are building across the industry for popular bullion items, some reaching 2-4 weeks, or more.

Normally bullion is available this time of year because world mints are issuing their new products en masse, however, we’re told that an abundance of buying has led to all the first allotments from the mint being sold out before they’re delivered to mint distributors.

This is caused, it seems, from safe-haven buying after the drama of the US elections, lack of individual selling, and an increase in overall demand for gold, silver, and platinum.

Shortages and delays could be a sign of higher prices to come, so we advise you to place your orders while premiums are relatively reasonable. 

One thing is for sure, if this continues, you can expect to see premiums on silver and gold American Eagles rise considerably, regardless of the spot prices.

Buy Gold, Buy Silver, Buy now.

From Austin Rare Coins& Bullion