Wednesday, November 25, 2020

Tag: “The Cartel Has Completely Devastated The Metals Market… Causing Serious Prob…

“The Cartel Has Completely Devastated The Metals Market… Causing Serious Problems In Other Minerals Outside Of Precious Metals”

0

by Mac Slavo, SHTFPlan:
With the world seemingly in economic and geo-political shambles, those concerned with the real possibility of collapse continue to position themselves in precious metals. As highlighted by SGT Report in the five-minute metals update below, physical acquisition of gold and silver continues unabated, with Silver Eagles once again hitting month-over-month sales records in July. Moreover, the supply of gold appears to be dwindling. Coupled with heavy investment demand, this suggests that prices may soon jump to the upside as investors continue to shift into the asset class of last resort and larger gold and silver mining companies move to lock in physical assets through junior mining acquisitions.

But gold and silver aren’t the only metals that are seeing demand outpace supply. As noted by First Majestic Silver CEO Keith Neumeyer, the attack on precious metals has led to serious problems with the supply of other metals, as well.