Tuesday, January 26, 2021

Tag: US Mint Shuts Down New York Production Facility

US Mint Shuts Down New York Production Facility

by Peter Schiff, Schiff Gold:

With all of the economic chaos and uncertainty spurred by the government lockdowns in response to coronavirus, the demand for physical gold and physical silver has skyrocketed. That has put a significant squeeze on the supply of gold bullion products.

That squeeze is about to get tighter.

The US Mint has temporarily shut down production at its West Point facility in New York due to the COVID-19 risk to its employees. Mint director David Ryder said in a statement, “The safety of the mint workforce is unwavering and continues to be my highest priority.”