Gold & Silver Pipeline Empty? - Andy Schectman

Discussion in 'YouTube Digest' started by ozcopper, Apr 2, 2020.

  1. ozcopper

    ozcopper Administrator Staff Member

    Joined:
    Jul 17, 2009
    Messages:
    16,750
    Likes Received:
    2,818
    Trophy Points:
    113
    Location:
    Australia
    Gold & Silver Pipeline Empty? - Andy Schectman

     
    sgbuyer likes this.
  2. Holdfast

    Holdfast Well-Known Member Silver Stacker

    Joined:
    Oct 15, 2009
    Messages:
    9,441
    Likes Received:
    693
    Trophy Points:
    113
    Location:
    Australia
    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. :)

    Silver & Gold Tsunami To Smash COMEX.JPG
     
    Last edited: Apr 2, 2020
    ozcopper likes this.
  3. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,917
    Likes Received:
    379
    Trophy Points:
    83
    Throw in the Royal Mint switching to manufacturing PPE masks. Coins are going to be scarce.
     
    66rounds and ozcopper like this.
  4. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

    Joined:
    Jan 8, 2016
    Messages:
    4,081
    Likes Received:
    963
    Trophy Points:
    113
    Location:
    North Sydney
    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
     

Share This Page