There’s obviously something going on in the world economy that’s causing gold (and lately silver) to rapidly advance. Leading bullion dealer Andy Schectman of Miles Franklin has seen sales accelerate, but it’s the high net worth sophisticated investors who are buying the bulk of it. Joe Six Pack is as usual late joining the party. Andy believes it’s de-dollarization that’s been causing the run-up, but of course there are other factors at play. Euro-zone weakness, impending Brexit, Chinese Economic weakening and much more. But bullion sales are up and for a good reason.
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