US Mint Head: Bullion Demand Still “Unprecedented”
by Tyler Durden
As every down-tick in the paper price of Gold is viewed as another death knell for the ‘global safety’ trade; a drop in stock prices is somehow seen as an ‘opportunity’ to the world’s media and status quo maintainers. However, as Reuters reports, Richard Peterson – acting director of the US Mint – explains, demand for US gold and silver bullion remains at “unprecedented” high levels almost two months after the historical sell-off. So that is what the pent-up-demand, ‘money on the sidelines’ has been waiting for? Notably, Peterson also added that, due to demand, the Mint may resume making platinum bullion coins (after stopping in 2008).
“Demand right now is unprecedented. We are buying all the coin (blanks) they can make,” Richard Peterson, acting director of the U.S. Mint, said in an interview referring to the Mint’s suppliers.