Due to the COVID-19 outbreak, we will be suspending walk-in trades until the virus has been contained.
Wednesday, April 1st, 2020 MST

Coronavirus roils metals’ market

Investors who had never thought of buying precious metals are pouring into the metals, depleting inventories.  Compounding the problem, the US Mint and the Royal Canadian Mint are closed, and they have not indicated when they will reopen.

Remember, we are dealing with governments here, and they don’t have to operate at a profit.  Consequently, shipment dates of new orders for Gold Eagles, the most popular gold bullion coins, cannot be known.  Same for the Canadian Maple Leafs, the most popular pure gold bullion coins.

As for silver, problems are similar.  However, there are numerous private mints that produce silver products, such as 100-oz. and 10-oz. bars and 1-oz. silver rounds.  This makes silver products only slightly more readily available.

Silver Eagles and Silver Maple Leafs (US Mint and RCM products, respectively), are pretty much not available.

On our Specials Pages we offer for sale and immediate shipment gold and silver items, some of which are not well known but some are.  Still, we verify the purity of on all incoming items, and we assure you that you are getting good quality metals.

See our Gold Specials Pages and Silver Special Pages for current items available.

On our Product Prices Pages, we now indicate the delivery times for which we will take orders.  See Gold Bullion Prices and Silver Bullion Prices.

As always, orders must be placed via a phone call.  As this time, because of the coronavirus, we ask even those clients who live in Phoenix to call.  800-528-1380.

2 Responses to “Coronavirus roils metals’ market”

  1. Jack McDavid

    It is strange that, on your opening page (to which, I found no way to respond), you state that the current President has views akin to those who like to get militarily involved everywhere, when the opposite is true. In fact, he is often blamed for leaving SW Asia prematurely and bailing out on US military obligations to the Kurds.

    I mention this not because I’m a huge Trumpster, though many gold buyers are, but because it’s inaccurate. Trump is often criticized for being more of an isolationist-type who detests so-called neo-conservative obsessions with getting involved everywhere and staying involved in order to keep a lid on a volatile world; also, he’s often blamed for threatening to terminate NATO treaty due to 1) it being obsolete (in his opinion) and 2) most Euro countries paying less money than agreed to fund NATO.

    Reply
    • Mike

      Off the top, I remember Trump launching missiles at Syrian airports and continuing to harass Iran with sanctions that are tantamount to war. For example, the coronavirus is debilitating Iran. Yet Trump has sanctions on countries and companies that do business with Iran. And, there’s Ukraine, where he continues to take a hard line. I’m afraid that Trump, while coming into office with the right idea about ending endless wars, has been co-opted by the military-industrial complex that President Eisenhower warned us about in the 1950s.

      Reply

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