by Sprott Money
Sprott Money
Amid declining stock and real estate markets in China, investors, facing a depreciating currency, increasingly turned to precious metals, with significant purchases of jewelry, bars, and coins reported. Although the exact numbers are uncertain, all hard data pointed to a dramatic shift towards physical metals.
Simultaneously, India saw remarkable activity in the silver market. In February, they purchased approximately 75 million ounces of silver—more than a month’s global supply, followed by another 35 to 40 million ounces the next month, indicating unusually high demand. This trend reflects a growing global distrust in currencies and government and central bank policies, particularly the prolonged zero interest rates in North America and Europe, which were unprecedented and not based on any economic textbook. Find out, what concerns such policies raise and what could be the effects of stopping these economic stimuli—this and much more in today’s precious metals podcast with Eric Sprott and Craig Hemke.