U.S. Mint Says Silver Shortage is Only for ‘Blanks,’ as if All Forms of Silver Aren’t Fungible

by Chris Powell

Dear Friend of GATA and Gold:

The U.S. Mint today issued to its customers what it called a “clarification” regarding its May 28 statement —


— citing a “global silver shortage” as the cause of the mint’s suspending orders for new silver coins.

But today’s statement was more like an obfuscation than a clarification.

In its statement today the mint said the shortage it cited May 28 “pertains only to the supply of silver blanks among suppliers to the U.S. Mint.”

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