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Current market Current market assessment by me: Since last week, my companies sales have been building for physical gold, more retail "new" buyers, mostly larger, buying 100 oz+ deals. And mostly wealth preservation concerns, and when I ask "why now?" They simply reply, "wealth preservation" and nowhere else comfortable to put the money.
As far as silver: We are not seeing the same fevor in silver, oddly enough, yet?
Are new silver buyers still unconvinced of silver's run-up?
Or afraid of a flush?
I see trepidation, which hopefully is followed by a rash of new players when the news of silver's rise goes mainstream. I think it will take $50 to wake the plebes up, and a faster move forward before they start buying.
My bottom line assessment: Upper middle, wealthy folks stepping in now, for wealth preservation reasons, not making money. Middle and lower, bought in, and trying to hang onto what they have. Much different dynamic at play here in the types of customers, gold vs. silver. Make of it as you wish, and imheo, BTFD.
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