Has the Pandemic Affected the Repatriation of Overseas US Gold?
philographer
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Before the pandemic, it seemed that an unbelievable quantity of pre-1933 gold was flowing back to the United States. In early 2020, even common date MS 64 Saints weren’t trading for much above melt. In fact, one member here posted a video of many $20 Libs melting in a crucible.
A lot has changed over the past 18+ months. The price of gold went up, and the demand for both gold and large pre-33 coins has also risen.
I’m wondering if pre-33 US gold is still flowing back at the same rate? I imagine there was a hiatus during the first 6 months or so of the pandemic. But since then, is gold still being released from banks? If so, is it making its way back to the US, or perhaps just being sold into European or South American hands?
He who knows he has enough is rich.