Houston, we have a problem…
(by Half Dollar) It appears there are no American Gold Eagle 1 ounce coins available from the US Mint.
An unnamed, reliable source has also informed me that on Monday, January 11th, dealers across the country were being told that there is currently no estimate for when more one ounce coins can be offered.
That will make this page on the US Mint’s website important in the coming days:
Because it’s updated daily with total bullion coin sales figures, and right now, the 1 ounce gold eagle is sitting at 56,000 coins sold.
So, what if that number sits and continues to sit at 56,000?
Does that mean we are about to see significant supply chain disruptions in the gold & silver markets like we did early in early 2020?
Follow up question: Are worsening supply chain disruptions currently priced-in to the paper price of gold & silver?
Let’s have a look: