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.

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