For all those stating that there is currently no shortage of gold or silver James Turk would agree with you- provided you're talking about PAPER gold or silver.
"If you’re really looking for large amounts of metal, it’s very difficult and it’s not something that can be filled overnight- it’s something that’s going to take weeks perhaps to fill depending on the size of the order."
Turk discusses the PHYSICAL TIGHTNESS and supply issues for large purchasers of physical metal in this excellent 2 part interview with Tekoa da Silva of Bull Market Thinking
Part 1
Part 2
2 comments:
Excellent interview
Sprott in silver and Turk in gold are seeing this tightness in the supply. Since neither metal can be produced quickly, there may be a good chance that not only will there just be a balance in supplies and demand but something that could, in a matter of days, develop into a scarcity and shortage that become critical to all of us Price may jump but availability will force price increases into all things that use these metals, not just coinage. And that will be basically letting the inflation tiger out of its cage. There will be no way for the Fed or the politicians to deny inflationary pressures. Real metals skyrocking in price tell the people what they have suspected all the time.
Shortages will become a complete lack of supply Getting any type of PM could become extremely difficult
Moral of the story
Stack
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