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2008-10-28 — canada.com
Demand for physical gold and silver is gobbling up product at nearly every mint around the globe and in Canada has the Royal Canadian Mint allocating its supply among its distributors, who in turn are limiting the number of coins they sell to dealers, who sell to consumers. ... ... in Canada, where the voracious appetite for physical metal in both coins and bars has seen the Royal Canadian Mint double its output for gold twice in the last eight weeks, and they're still having trouble keeping up, Madge said. "We have never produced more than what we are producing right now. We just can't keep up with all the demand," he said. Canada is undoubtedly getting overflow business from the US, where the US Mint refuses to meaningfully expand output (probably because that would require going out and buying silver and gold, and they may have orders from the Treasury forbidding such an action). source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |