Fort Worth (PRWEB) April 23, 2014
GoldSilver.org has issued a silver supply shortage warning to investors after the U.S. Mint announced via an April 21 press release that it had sold out of the five-ounce Great Smoky Mountains National Park silver coins. GoldSilver.org spokesperson Maria Martin believes multiple factors could tighten the silver supply further over the next few months, and she wants investors to prepare for a shortage of many popular silver products.
“The U.S. Mint has ran short on silver American Eagle bullion coins, silver American Eagle Proof bullion coins and Baseball Hall of Fame silver coins in the past,” Martin said. “Now they have run out of the National Park coins, and many bullion manufacturers are struggling to produce enough bars and rounds to supply the current demand.”
Jones believes the supply issue is at least threefold. “People see the dollar falling and they’re wondering how they will buy gasoline and groceries if the dollar crashes completely,” said Martin. “Additionally, the gold silver ratio is around 60 and many people believe it could fall to 15 or 20 in the next few years, so a lot of speculative buys have taken place. Lastly, silver is expensive to mine and there is actually more gold aboveground than silver so it makes sense that there isn’t much physical silver to be bought right now.”
GoldSilver.org is a North American market leader for gold and silver investments for home delivery or within retirement accounts. They buy and sell all sorts of investment-grade gold, silver and platinum. For more information or a free gold and silver investment guide, visit http://www.goldsilver.org or call 1-800-394-3337 today.