WallStForMainSt: PSLV Gets To ~140 Million Oz of Silver, Former US Mint Director Admits Physical Gold Shortages?
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/Central-banks-on-gold-buying-spree-again-Hungary-triples-gold-reserves.html 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/Central-and-Eastern-European-central-banks-are-buying-up-gold-citing-rapid-structural-changes-in-the-global-economy-WGC.html Also, Jewelry and bullion sales prop up gold demand as investors flee gold ETFs– WGC https://www.kitco.com/news/2021-04-29/Jewelry-and-bullion-sales-prop-up-gold-demand-as-investors-flee-gold-ETFs-World-Gold-Council.html 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/Market-Analysis/3355/2021-04-29/Former-US-Mint-Director-reveals-true-price-of-gold-says-Mints-running-out-of-physical 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/Mints-are-running-out-of-gold-not-enough-physical-silver-to-cover-paper-former-U-S-Mint-Director.html 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. Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy http://www.patreon.com/wallstformainst Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt You can also checkout the Wall St for Main St Facebook Fanpage at http://www.facebook.com/WallStforMainSt. or the Wall St for Main St Facebook Group where you can learn and join in on the conversation! If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website or through Paypal. Send one time donations to our Paypal to the email address: [email protected] Donate Crypto Currency to WS4MS: Send Bitcoin to: 1N5iDrazojYX5rWxmoyp982RDXJzJrFoPC Send Ethereum (ETH) to: 0x748dD59fA5d5dF80E8C0038DD4F60DAb810fe61a Send Litecoin to: MW7g44j5FX9CYEkvfPvxsW5dFjHY84yup4 Send DASH to: XuEEhWptwf1XxP2nFYQxmBfBBJYehqRoBJ Send Zcash (ZEC) to: t1MGcxyWpiH6JeyF9nnWHw9poRpvTW4PT6S Send Bitcoin Cash (BCH) to: qr7mp7f053rwnpxalxljl3f9x5tulzv53ya88d7wch Wall St for Main St is also available for personalized investor education and paid research work (we write research reports and teach). Please email us to learn more about the research work we offer at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**
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