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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

My Preciousssssss

Good luck finding gold or silver bullion. People are starting to accumulate precious metals "in size" as evidenced by these two events:

Rand Refinery Ltd., maker of Krugerrands, is temporarily OUT of stock due to a large order of 5000 ounces. They project to be back up to speed on September 3rd. Of course if more large orders come in that date will be moved out.

The US Mint is also struggling to meet demand as evidenced by this news on Monday:

The unprecedented demand for American Eagle gold one-ounce bullion coins necessitates our allocating these coins among the authorized purchasers on a weekly basis until we are able to meet demand…" Last week, soaring demand forced the U.S. Mint to suspend temporarily sales of the American Eagles, creating a shortage