The United States Mint will no longer use the metal to produce coins, officials said Monday, reversing a decision by the Trump administration to require a higher percentage of silver in the U. S. coins than the gold standard.
The decision to abandon the silver bullion standard in favor of the gold bullion standards marks the end of a policy pursued by President Donald Trump that has left many Americans frustrated by their government.
The United Mint, which has been run by Trump since his election last year, had been expected to produce silver coins worth about $1.4 billion for the current fiscal year, or about 1.4% of its revenue.
The silver bullions were not used to mint the $1,000 coin that would become the first American coin to feature the presidential seal, nor were they used for the coins that would come in the 2018 Presidential Inaugural Coin, which will be made of silver.
Instead, the U,S.
mint said, it would use the silver coins for coin roll production.
The move was made at a time when many people were frustrated with their government, which they believed was turning a blind eye to the country’s financial crisis.
Gold and silver are commodities with little or no exchange value.
Many people are angry that they can’t use their own money to buy gold, for instance, and that some of their government bonds are now worthless.
The price of silver has fallen sharply since the financial crisis, and it has fallen more steeply for some people, including for those who hold U.s.
That has led to a lot of people, especially in Asia, who are buying silver bull, or silver, coins as a hedge against rising gold prices.
“People are buying the silver because it’s a hedge,” said Michael Hiltzik, a metals analyst at JPMorgan Chase & Co. “They are hedging against gold prices.”
Hiltzick, who said he has not used the silver coin in a year, said it is hard to see how the silver would be a better investment than gold.
“It is not a great hedge against gold,” he said.
“I am not a big fan of silver, but I am also not a huge fan of gold.”
Trump has also said the U has to “go it alone” on national security.
The president has called on Congress to make a deal with Iran, saying it would be “insane” to have the country use the nuclear program to build a nuclear weapon.
The administration has been pushing Congress to include an Iran nuclear deal as a requirement to be ratified by the U., a move that is expected to garner bipartisan support.
The U. is currently negotiating a $1 trillion trade agreement with China.
“The U. will not be the only place that is using silver,” said Brian Covington, a former Treasury Department official who helped oversee the coin and bullion issues.
“We are not going to be the last place that does this.”
The U is expected not to issue silver coins until the 2020s, with coins expected to be issued by 2025.