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*** Market Conditions Report ***
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The banking crisis continues, but the extreme panic seen last week has abated for now. Today’s Fed announcement is front and center, as market participants wonder if the FOMC has the guts to keep hiking interest rates.
Retail demand for physical gold and silver has been extremely high, with Money Metals now quoting a modest 3-day delay on all order shipments as a result of extreme order volume over the past two weeks.
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| Money Metals’ inventory situation continues to be rock solid thanks to our strong balance sheet combined with our excellent supplier relationships.
However, premiums have been creeping up as excess inventory at wholesalers and mints has been snapped up.
If the high volume continues, the available supply of coins, bars, and rounds will be further pressured. |
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Perhaps the best news of the past two weeks is that more Americans are learning there are alternatives to lending their savings to irresponsible banks — and they are increasingly diversifying into tangible monetary metals (which do not rely on anyone’s promise to pay).
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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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