Ongoing U.S. Mint Failures Bring Discredit to America, Raise Costs
We are one third of the way through 2023, and it has certainly been interesting in the bullion markets thus far.
The year opened with supply and demand for coins, rounds, and bars pretty well balanced. Demand surged when the failure of Silicon Valley Bank awakened investors to the possibility of systemic problems among smaller and regional banks.
In the background, gold and silver prices have been drifting higher.
For the moment, retail bullion demand has eased, and the markets seem to be taking a breather.
Things can change quickly, however. For example, FDIC regulators just arranged a distressed sale of First Republic Bank to Jp Morgan, and more banks could run into trouble.