Mints are running out of gold; not enough physical silver to cover paper– former U.S. Mint Director
Watch part 2 of this interview: https://youtu.be/d5UV5sVj88I
A global shortage of physical gold and silver products has created a premium on coins and bars, and this premium is causing a disconnect between the spot price and the “true” price that retail investors need to pay, said Ed Moy, former director of the U.S. Mint.
Moy, who was the director of the U.S. Mint between 2006 and 2011, cites the inability of the mints around the world to keep up with physical coin and bar demand as a reason for this shortage.
0:00 – Fed monetary policy
3:00 – Spot gold price vs “true” price
5:40 - Price outlook
6:45 - Not enough physical silver to cover paper
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