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Message Subject First the US Mint suspends Sales... Now it's Canada's turn!
Poster Handle GFX guy
Post Content
Another mint has suspended the sales of their Silver Coins... With the pullback in the paper spot price last couple days... Is something at work to pay for the bullion to meet the US and Canada demand without the mints paying too much or driving the price up?

[link to www.coinnews.net]
 Quoting: Anonymous Coward 33030212


I don't think that the Canadian Mint is suspending sales... Maybe I missed it in the article.

From the article:
"Investor interest in silver bullion coins remains at high levels with yet another world mint showing signs that it is unable to meet demand. The Royal Canadian Mint is now rationing supplies of its 2013 Silver Maple Leaf.

This move comes one week after the United States Mint suspended sales of their 2013 American Eagle silver bullion coins after inventories sold out, saying it would ration or limit orders when sales resume. Both series of bullion coins are struck for investors and guaranteed for weight and purity by the issuing government."


Both of these mints rationing for an indefinite period of time sounds like an even bigger story. Suspending sales for a few weeks could easily be blamed on a missed transport or something temporary.

cue the happy dance!
ratdance catdance pdance
 
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