How #WallStreetSilver Is Disrupting the Physical Gold & Silver Market | The Gold Spot

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“The younger generation of investors, they’ve started in #cryptocurrencies and #memestocks like #AMC and #GME. Since they’ve shifted their focus to #nakedshorts with the #silversqueeze, we’ve seen supply of silver and gold nearly evaporate.” — Damian White, Scottsdale Bullion & Coin precious metals advisor

Supply of physical silver and gold is so tight, wholesalers have been calling us looking for product. Even Rick Harrison, owner of the Gold & Silver Pawn Shop made famous on the show "Pawn Stars” is feeling the pinch:

"It's very hard to keep any bullion in stock and the bullion I do have I'm selling them for $4, $5 over spot when it comes to silver. It's very difficult to get. Physical silver is a very hard thing to find right now. I know a lot of people in this business…physical delivery is very hard right now."

What’s behind the shortage of physical precious metals? Inflation, economic uncertainty, and supply-chain disruptions are all factors we’ve seen before. See:

https://www.sbcgold.com/blog/basel-3-silver-squeeze-inflation-trifecta-for-gold-silver-demand/

—not to mention the collectibles market rally. Check out:

https://www.sbcgold.com/blog/collectibles-market-rally-cars-coins-trading-cards-hit-record-high-prices/

However, we’ve never seen individual investors effect such a tidal wave of change in the gold and silver markets.

How are #wallstreetbets, #wallstreetsilver, and #APES disrupting the supply—and price—of physical gold and silver? An array of tactics: #hodl, #diamondhands, #memestocks. See more about each tactic here:

https://www.sbcgold.com/blog/wall-street-silver-behind-gold-silver-demand-surge/

Wall Street Silver’s approach may be new, but the mechanics of supply and demand aren’t—and they never fail: gold and silver prices could significantly rise if the market stays this way, especially with the Fed raising its inflation expectation, Read:

https://www.sbcgold.com/blog/fed-raises-inflation-expectation-amid-basel-iii-countdown/

How soon ‘til #realsilverprices and #realgoldprices? Precious metals advisors Joe Elkjer and Damian White discuss where prices are headed in this week’s The Gold Spot. Watch Now.
Category
Pawn Stars
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