The crash of the price of paper gold on Monday has unleashed an
unprecedented global frenzy to buy physical gold and silver. All over
the planet, people are recognizing that this is a unique opportunity to
be able to acquire large amounts of gold and silver at a bargain price. So precious metals dealers now find themselves being overwhelmed with
orders in the United States, in Canada, in Europe and over in Asia. Will this massive run on physical gold and silver soon lead to
widespread shortages of those metals? Instead of frightening people
away from gold and silver, the takedown of paper gold
seems to have had just the opposite effect. People just can't seem to
get enough physical gold and silver right now. Those that wish that
they had gotten into gold when it was less than $1400 an ounce are able
to do so now, and it is absolutely insane that silver is sitting at
about $23 an ounce. If the big banks continue to play games with the
price of gold, we are going to see existing supplies of physical gold
and silver dry up very quickly. And once reports of physical shortages
of gold and silver become widespread, it is going to absolutely rock the
financial world. But this is what happens when you manipulate free
markets - it often has unintended consequences far beyond anything that
you ever imagined.
The following are 10 signs that the takedown of paper gold has
unleashed an unprecedented global run on physical gold and silver...
#1 According to Zero Hedge, the U.S. Mint set a new all-time record for the number of gold ounces sold on Wednesday...
According to today's data from the US Mint, a record 63,500 ounces, or a whopping 2 tons, of gold were reported sold on April 17th alone, bringing the total sales for the month to a whopping 147,000 ounces or more than the previous two months combined with just half of the month gone.