With The Fed printing money ‘out the wazoo’, monetizing COVID relief package debt as fast as Congress can pass the bills, demand for bullion was already surging. However, the last week or so, on the heels of the Reddit-Raiders taking aim at Silver, demand for silver (and gold coins) has exploded…
Sales of U.S. gold bullion coins rose 258% in 2020 while silver coin demand was up 28%, the U.S. Mint said Tuesday.
Which has led to bullion dealers running dry of stock and physical premium to paper silver prices soaring to record highs.
“There are massive shortages. We’ll be completely out of stock if it carries on like this – the first time since our company opened in Singapore seven years ago,” said David Mitchell, managing director at Indigo Precious Metals.
Be careful! That reddit community saying repeatedly ” WE ARE NOT INVESTING IN SILVER, DO NOT FALL FOR THAT! That’s the same group of elite hf people losing from the pump of GME and other’s… The community seems very legit! I am sure they will get taken over or canceled any day now! This is exposing the “NYSE machine system” for what it is…. BS!
Regardless of if the Reddit Horde really made a push on silver, if you want to hurt the International Bankers, especially JP Morgan Chase and HSBC, buy physical silver. IMO, Silver Stackers, Crypto Speculators, Reddit Horde, Patriots, and Preppers need to unite and organize to crush the International Bankers. Nothing will ever change if the International Bankers are not destroyed or arrested. If we aren’t going to arrest the International Bankers, which we probably never will, then we must destroy them financially. Only United efforts can and will do that.