Wednesday, April 22, 2020

Perth Mint: Gold Supply Decimated, What Will a Recovery Look Like?


With logistics shut down across the world, transporting physical gold has been exceedingly difficult, resulting in the widest spreads between gold futures prices and those of physical gold bars since the last recession, this according to Kevin Rich, consultant to the Perth Mint. 

Rich says we are currently in the opening phases of normalizing. 

“There already is more commercial freight being allowed, I think commercial flights are now allowed to carry freight,” he said.

- Source, Kitco News