Bullion Delivery Problems at Other Mints
Two weeks ago, I described how the U.S. Mint is limited by federal statute from paying more than the paper market spot price for the metals it purchases to strike gold and silver American Eagles. As a result, the U.S. Mint is unable to comply with other federal statutes that require it to produce enough of these coins to satisfy public demand.
The U.S. Mint isn’t the only government operation that has production problems.
In Mexico, Banco Azteca has been selling an average of about 50,000 pieces monthly of the Mexico 1-ounce silver Libertad bullion coin. This bank is still listed on the Casa
