Originally published at: https://peakprosperity.com/u-s-retail-is-slowly-waking-up-to-buying-gold-and-silver/
Good news! We’ve got a two-fer going here, where we are complementing our international gold and precious metals podcast by bringing in Dana Samuelson of American Gold Exchange. Dana has decades of experience with all things precious metals, including deep numismatic (collectible coin) experience.
Dana’s view is that the rise in precious metals prices reflects a “land grab” or “run on the bank” for physical assets, signaling concerns over debt, inflation, and fiat currency mismanagement.
Echoing David Russell, Dana has not seen anything like the current rush into precious metals, indicating that indeed, “this time is different.” As well, Dana notes that U.S. retail demand is not yet fully in the game, as evidenced by the current two- to three-week wait for mint resupplies. In times past, like 2011, that wait was as long as six weeks.
Click here to contact American Gold Exchange.
But that could certainly change in a hurry. My advice is the same as it has always been: get your stash of precious metals in place as soon as you can. If you’ve already done that, congratulations! If you have not yet started, you should.
Why? Because my view is that someday Mike Maloney’s witty phrasing will come true. Silver will become “unobtanium” and gold will become “unaffordium.” Sadly, many people already consider gold to have achieved that level.
We also cover debt levels, the Japanese bond situation, and much more. Tune in and enjoy!
Timestamps
00:00 Introduction to Gold and Silver Markets
01:20 Unprecedented Global Demand for Precious Metals
05:49 The Impact of Debt and Economic Instability
10:21 Japanese Bond Market: A Fractal Metaphor
14:20 The Role of the Federal Reserve in Market Dynamics
18:56 Market Dislocations: Silver Pricing Differences
21:19 Supply Shortages and Market Squeeze
25:40 The Importance of Physical Assets in Investment Strategy
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