Widgetized Section

Go to Admin » Appearance » Widgets » and move Gabfire Widget: Social into that MastheadOverlay zone

Jason Burack discusses some major gold/silver stories

Wall St. For Main St., Released on 5/4/21

Physical gold demand has ramped up a lot again since January 2021 as private sector demand from China, India and Asia continues to be strong and increase.

However, according to the World Gold Council in recent updates, net buying of physical gold by central banks has started to increase again after not increasing in 2020.

Central banks on gold buying spree again? Hungary triples gold reserves https://www.kitco.com/news/2021-04-08…

Hungary’s central bank raised its gold reserves to 94.5 metric tons from 31.5 tons, citing “long-term national and economic policy strategy objectives.” This marked one of the most significant central bank gold purchases in decades.

Central and Eastern European central banks are buying up gold, citing ‘rapid structural changes in the global economy’ – WGC https://www.kitco.com/news/2021-04-20…

Also, Jewelry and bullion sales prop up gold demand as investors flee gold ETFs– WGC https://www.kitco.com/news/2021-04-29…

Finally, former US Mint Director from 2006-2011, Ed Moy made some shocking comments on his April 29th Kitco interview… he admitted in public about metals shortages at government mints!

Former U.S. Mint Director reveals ‘true’ price of gold; says Mints running out of physical https://www.kitco.com/news/video/show…

Mints are running out of gold; not enough physical silver to cover paper – former U.S. Mint Director https://www.kitco.com/news/2021-04-29…

The Sprott Physical Silver Trust (PSLV) is also up to over 140 million oz of physical silver now an 80 million oz increase since January 31, 2020.

Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments