Discussion in 'YouTube Digest' started by ozcopper, Apr 2, 2020.
Gold & Silver Pipeline Empty? - Andy Schectman
02:17 Frailty of the supply chain.
02:22 Canadian Mint closed, Unites States Mint closed.
03:20 Reliability of supply chain.
09:59 Primary distributors 20 - 30 times greater demand.
13:00 Pre order promise, cross your fingers!
16:00 Social distancing, they can't package like they use to.
26:22 Free money to everybody
41:00 3 Million dollar order / COMEX end "maybe"
47:39 No product and spot price on Kitco is 40 dollars off
Ok, you get the idea of what this video is about.
Throw in the Royal Mint switching to manufacturing PPE masks. Coins are going to be scarce.
Plenty of silver and gold being mined (since it seems most mines are operating) but what is mined is being stockpiled at the mine or at the refiner if open.
Precious metal has two diverging issues
1. reduced or no demand from industry ie solar panel factories with full warehouse and factory shut because no one is installing panels, you can only stockpile so much. Electronic makers reducing production due to shutdowns originally but now working to new lower consumer demand outlook.
2. Decent to good demand from retail bullion market but mints are non essential and many are shut
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