This is a very important precious metals update by Tom Cloud. Tom discusses the huge lines of people, two to three blocks long in Hong Kong this past weekend, waiting to buy gold and silver. He also discusses what is happening in his business as individuals are buying multi-million Dollar orders. He hasn’t seen this sort of large buying activity for years.
Tom also reports that there are delays already popping up in the wholesale market. Normally this takes place in September as buying picks up, but due to the BREXIT vote and the negative impacts on the European Banks, clients that are making large purchases of gold and silver which are causing delays for certain products. Tom discusses some of the products that are on delay from his wholesaler.
Tom also talks about various topics about buying and storing precious metals. Lastly, he mentions the upcoming SRSrocco Report Precious Metals Webinar with Tom Cloud, Vic Patane and I on July 20th.
We will discuss important and interesting topics in the precious metals industry and Tom will answer any questions SRSrocco Report readers send in or want to ask during the webinar. We will be advertising about this webinar shortly and provide contact information for those who want to send in questions.
Please check back for SIGN-UP information for the Webinar. Don’t mess it as things are changing quickly in the market.. This will be your opportunity to ask Tom any question about the precious metals and his industry.
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