Gold, Silver Coin Crunch is Not Getting Better – Peter Hug




from Kitco NEWS

Bullion investors shouldn’t expect to see a drop in premiums anytime soon as the supply crunch for gold and silver coins continues to grow, this according to Peter Hug, global trading director for Kitco Metals.

However, in some good news for investors, Hug said that investors holding bullion have a little more selling power, in the current environment. “Dealers will pay up for physical material so they have something in their inventory to meet demand,” he said.

“I’m not suggesting you sell, but if you’re in a situation where you’re trying to raise cash, this would be a time to negotiate a bid with the dealer.” Although Hug said that he is bullish on gold, because premiums are so high, it might not be a great time to chase physical bullion.

__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

For more breaking news, visit http://www.kitco.com/

Follow us on social media:
Facebook – https://www.facebook.com/KitcoNews/?r…
Twitter – https://twitter.com/kitconewsnow
Google+: https://plus.google.com/u/0/116266490…
StockTwits – https://stocktwits.com/kitconews

Live gold price and charts: http://www.kitco.com/gold-price-today…
Live silver price and charts: http://www.kitco.com/silver-price-tod…

Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscriptio…

Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/

Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.