Paradox to future Precious Metal Price Peaks | Ned Naylor-Leyland

On the heels of US Mint Silver Eagle and Gold Buffalo Coin sell outs, we speak with Ned Naylor-Leyland, a Gold & Silver Fund Manager.

We talk about the ongoing cognitive dissonance amongst most investors in the western world. Happy to hold bonds, cash, and stocks while mostly shunning precious metals.

Come hear how Ned believes the next nominal price highs for precious metals will come about in the future.

Welcome to this week’s Metals & Markets podcast, I am your host James Anderson of SD Bullion. This interview is being recorded at 10 AM eastern on Friday September 7th 2018.

With us this week is Ned Naylor-Leyland, a Gold & Silver Fund Manager at Old Mutual Global Investors.

To begin, a quick heads on the latest news, as gold prices and silver prices close this week flat and slightly down from the end of last.

Gold spot is likely to close below the psychological $1,200 oz mark, while Silver looks to finish this week at the low $14 oz level.

In terms of industry news in the middle of this holiday shortened week the US Mint announced it was temporarily sold out of 2018 Silver Eagle Coins. Then today, a similar communication was made for 2018 Gold Buffalo coins now temporarily sold out.

What most likely occurred here was the US Mint being caught flat footed with increased bullion buying demand from last month to today as precious metal spot prices have fallen.

More than likely they do not have enough planchets and thus inventory on hand to meet resurgent demand.

You can find two recent articles on Silver Doctors with more details about these stories linked above.

The good news for active bullion buyers out there, is that there does remain many high quality products available at all time low premium price points.

One obvious example is the following buy 19 oz get 1 oz free deal on Austrian Silver Philharmonic Coins (basically only $1.15 oz over silver spot) running through the end of this month at SD Bullion.

As well generic .999 fine silver rounds are still priced at only 45¢ oz over spot while supplies last.


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James Anderson
James Anderson
Content Director

A bullion buyer years before the 2008 Global Financial Crisis, James Anderson is a grounded precious metals researcher, content creator, and physical investment grade bullion professional. He has authored several Gold