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Normalcy returning to physical gold, silver markets – Peter Hug

Kitco News, Released on 7/15/20

After a devastating supply-chain issue caused by the COVID-19 pandemic, normalcy is coming back to the gold and silver bullion market, according to Peter Hug, global trading director at Kitco Metals.

In an interview with Kitco News, Hug said that premiums for gold and silver are starting to fall back to pre-crisis levels; however, he added that supply is still an issue as many mints are still producing below capacity and providing coins on an allocation basis.

Peter Hug has been involved in precious metals since 1974. He began gaining first-hand investment industry experience at Deak-Perera. He served as SVP at Guardian Trust Company, which became one of the largest international trading houses for precious metals. He developed the first precious metals certificate program and the first margin trading accounts for metals on the cash market. Peter has acquired extensive experience in the wholesale markets and international asset diversification. A frequent speaker at precious metals conferences and in the financial media, he is one of the handful of experts who have succeeded through multiple bull and bear cycles on the strength and skills honed during the dramatic fluctuations of the 1980s. As the Director of Kitco’s Precious Metals Division, Peter develops newer and better investment options for Kitco customers.

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