It has been another exceptionally busy month for bullion. Demand for our Gold Kiwis and Silver Fern coins have been setting records, with silver demand increasing to levels we’ve not previously seen.
Our suppliers have been able to maintain steady supply, with the only delay being in our suppliers of 99.99% pure silver having very large productions runs (therefore impacting on our delivery times for the Silver Ferns).
Gold and Silver prices took a drop in August, the main influence being shorts in the paper markets, and 5-10 year trends triggering large sales. The prices have recovered somewhat - Gold up ~$50 per oz and Silver ~$1 per oz, but the markets are quite soft at the moment.
Here’s a story on supply from Australia. Keep an eye on dropping supply from mines around the world. Peak gold anyone?
