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FX.co ★ USA runs out of silver coins

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Forex Humor:::2014-11-12T14:08:00

USA runs out of silver coins

According to Bloomberg agency, the US Mint has sold out all available investment silver coins. It's coincided with the increasing demand along with silver prices hitting their lowest since 2010. Since early November 2014, the US Mint sold silver coins for a total weight of 1.26 million ounces.
Michael White, a Mint spokesman, stated that “due to the tremendous demand we have experienced in the last several weeks, the U.S. Mint has temporarily sold out.” The situation resembles the one in April 2013 when investors bought all the gold coins of the smallest weight - 0.1 ounce.

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