At Freedom Fest 2012 we bumped into Andy Schectman, a show sponsor and President of Miles Franklin. He’s been selling shiny metals since 1990, and he’s extremely knowledgeable about the precious metals markets. Andy explained there’s virtually no gold coming into the secondary market. People who own gold and silver are not selling even when prices dip. This is a relatively new development which shows that while the price may fluctuate , the actual participants ignore the news and continue to accumulate. The mints don’t have enormous supplies available for purchase; they can hardly keep up with demand. That’s why putting off the purchase of metals could have you entering the market at the worst possible moment. Contact Miles Franklin, they’ve also got great overseas storage programs available.
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