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The U.S. Mint limits the amount of gold and silver coins to third-party suppliers, as the coronavirus pandemic slows production of the domestic manufacturer, according to a Bloomberg report this week.
The New York-based Mint facility assesses the dangers workers face in reducing the spread of the virus, slowing production over the next 12 to 18 months, Bloomberg reported, by filing internal documents.
The facility at West Point would not be able to produce gold and silver coins due to the reduction in size during the pandemic, which requires you to house the production of one steel over another.
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“In this environment, we will continue to result in some degree of capacity relief as West Point struggles to balance workers’ protection from market demand,” the Mint said in a document published by Bloomberg.
Last week, the Mint warned at its low mwan traffic speed that you cannot have enough coins when needed. However, you would like to point out that there are enough portions in the United States to meet demand.
Despite the global uncertainty caused by the pandemic, gold and silver have reached record levels, and investors flock to valuable metals, sometimes considered refuges in times of economic crisis.
On Monday, gold rose 2.2% to $1,940 an ounce, its highest point since 2011. On Tuesday, silver rose 5.7 percent to $26 an ounce, the most recent 85% accumulated in valuable steel since March.
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