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*** Market Conditions Report ***
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| With the sudden collapse of Silicon Valley Bank and Signature Bank – coupled with a brand new Fed bailout scheme for banks – retail demand for physical gold and silver has absolutely shot through the roof.
Money Metals experienced the largest sales volume in our history yesterday, coming off of the busiest weekend ever. |
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| We’ve felt it appropriate to advise customers of slight shipping delays due to extreme order volume. However, Money Metals’ inventory situation continues to be rock solid thanks to our strong balance sheet combined with our excellent supplier relationships.
Premiums are creeping up again as excess inventory at wholesalers and mints was snapped up in the last three days. |
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| The biggest question now is whether we will see a strong follow through in demand this week and how much that will impact available supply of coins, bars, and rounds.
We are all witnessing how lightning quick confidence can evaporate in the traditional banking system… and how susceptible these institutions can be to depositor bank runs in an age of cell phones and instant electronic transfers of digital representations of money.
The good news is, more Americans are waking up to the alternatives and taking steps to diversify away into tangible monetary metals.
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Other Great Options to Consider
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| This copyrighted material may not be republished without express permission. Offer only available through email promotion. Offer does not apply to previous orders and may not be combined with any other offer or program. Special shipping rates or other restrictions may apply to international orders. The information presented here is for general educational purposes only. Money Metals Exchange and its staff do not act as personal investment advisors. Nor do we advocate the purchase or sale of any regulated security listed on any exchange for any specific individual. While our track record is excellent, investment markets have inherent risks and there can be no assurance of future profits. You are responsible for your investment decisions, and they should be made in consultation with your own advisors. By purchasing from Money Metals, you understand our company is not responsible for any losses caused by your investment decisions, nor do we have any claim to any market gains you may enjoy. Money Metals Exchange is not a regulated trading “exchange” as defined by the CFTC and the SEC. |
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