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POSTED ON July 28, 2020  - POSTED IN Key Gold Headlines

The US Mint is limiting the distribution of gold and silver coins to authorized third-party distributors due to production slowdowns.

According to a Bloomberg report, the US Mint complex in West Point, N.Y., is taking measures to reduce the spread of COVID-19 among its employees and expects production slowdowns for the next 12 to 18 months. According to a US Mint document, the facility can no longer simultaneously produce both gold and silver coins, forcing it to choose one metal over another.

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