Ross Hansen owns the largest private mint in North America, Northwest Territorial Mint. He’s been involved in the precious metals trade for decades. Unlike many, he doesn’t see any conspiracies or nefarious plots slamming down the precious metals prices. Rather, he believes the latest decline was caused by the wholesale exit of hedge funds from the gold/silver markets. This is actually a healthy development for the industry. In addition, he sees no widespread shortages of product. Rather, there are select shortages in certain products, such as 90 percent junk and 1 ounce rounds. Ross owns several silver mines, so he understands the underlying markets.
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