Investors are more than ever concerned about the stability of the U.S. and global banking system. While the Fed and central banks have calmed the markets by propping up failing banks temporarily, we saw both Gold & Silver Break Out of important levels today.
Unfortunately, this Banking contagion has only just begun and there isn’t much the Fed and central banks can do to offset the coming ENERGY CLIFF. This is why we are seeing a huge increase in physical Gold and Silver demand in the past few years. However, this is still from mostly diehard precious metals investors. Wait until a significant percentage of NEW BUYERS try to acquire physical gold and silver.
Lastly, if you want to pay $2-3 less for your Silver Philharmonics, we suggest you check out CLOUD HARD ASSETS prices. I find it quite interesting that the larger online dealers charge so much more for their gold and silver bullion products.
You can contact Tom, Dan, or Katherine… Click here: CLOUD HARD ASSETS. You can also call (800) 247-2812.
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Look at the recent video from Yankee Staking (today I think) where the coin shop owner shows up at like 8am to open the doors, only to be received by a line-up of patrons applauding him ! And we’re barely getting started …
Yeah, LK! I saw that video. And I was just talking to my local coin shop dealer, and he said it’s “crazy!” When I called his shop earlier in the day, he couldn’t talk. He said he was in the middle of counting $8,000 in $20 bills, for a new customer’s silver purchase. And he says he is getting low on stock.
I saw that one yesterday also. Awesome! I plan on showing that episode to friends and family to encourage them to get on board!
You know what’s funny as well ? I was picking up some silver at the post office 2 weeks ago. Small box, yet quite heavy as you’d expect. So I tell the staff it’s small and heavy and call it a battery pack. The postal clerk comes with the package and remarks “we’ve been getting a lot of these small heavy boxes lately” … I answer “oh? that’s weird” ….
HAHAHAHA ….. everyone’s loading up but no one’s talking about it !
Since the Corona pandemic,
postal workers have complained of a strange increase in their arm length, regardless of vaccination status.
You are wise to have a post office box for delivery location.
I assume that is in the U.S.?
Steve is aware some shipping company drivers are sometimes ignoring delivery signature orders/requirements from the shipper, and leaving items without signature in open street mailboxes or in front of doors, or on porches where they could be stolen.
And some online dealers are washing their hands of any insurance responsibility for the items ordered reaching the customer.
Read carefully the terms of delivery from your source. Be prepared to insist on a carrier who will require a signature before drop-off.
This should not be a problem for USPS locked box renters.
DisappearingCulture: Yes, I pay for a box at my local post office – I like the anonymity it offers. I’m in Canada though. CDA Post stopped delivering to houses and “community boxes” are everywhere in the open air.
“It’s all due to the energy, folks. The energy is disrupting the market and the fed and central banks are trying to… they’re trying to react to it. And they can’t. You can’t solve an energy crisis that’s coming, with paper.”
Wow!
In my opinion the short-term (recent) change is due to or directly relatable to the decline in the dollar index (DXY).
Look up charts of the DXY in the last week, month, and it’s worth looking at 3 and 6 months, etc.
The dollar index isn’t going to roughly correspond with the price of (mainly imported) commodities. It it a very direct relationship.
There are reasons the DXY is declining, but that’s outside the scope of what I’m fully qualified to explain.
Steve,
Out of curiosity have you seen mintage figures on the Silver Eagle in the last year or so?
A lot of people won’t pay those high premiums, which represents a significant percentage increase over spot price. But many will or the premiums wouldn’t stay so high.