Andy Schectman and Mike Maloney "Gold and Silver" Tuesday 4-4-2023
Andy Schectman: Gold Shoots Thru $2000/oz As Investors Keep Buying Precious Metals
Arcadia Economics: 4-4-2023
Amidst concerns of banking issues, and growing fears of recession, investors continue to buy physical gold and silver to protect their money against what they're seeing in the financial news.
After flirting with the $2,000 per ounce level several times over the past few weeks, the gold price finally broke through and crossed over the $2,020 level in early Tuesday trading. silver also rallied on Tuesday, crossing over $25 per ounce, representing a new high in 2023.
As a result, the premiums on gold and silver have been rising, especially on the gold side. The sovereign mints are currently struggling to keep up with demand, and the physical dealers continue to see new and existing customers increasing their purchases of both precious metals.
"Gold & Silver Will Be Impossible to Buy If You Wait Too Long" - Mike Maloney
4-4-2023
Mike Maloney is often asked 'When will the crisis start, what date do you think it will happen?"
It took some time, but an associate pointed out that what people are really asking is "How long do I have until the last second, so that I can stay invested in stocks and then cash out at the top and then buy gold and silver?"
As Mike points out in today's video - if you take this route and wait too long, gold and silver won't just be 'unaffordium'...they may well be 'unobtainium' also.