Insight into the Gold and Silver Market
Stefan Gleason, CEO of Money Metals Exchange, provided valuable insights into the gold and silver market. He suggested that in the current environment, it would be beneficial for investors to consider shifting more towards silver. Gleason emphasized the importance of investing in silver bars, rounds, or bullion coins as they offer good value.
Factors Driving the Metals Market
Gleason highlighted that the demand for gold is primarily coming from Asia and central banks, indicating that the major driver of the gold price in the past year has been the east. Despite this, there has been a significant surge in US demand for gold since the onset of the COVID-19 pandemic. Looking ahead, Gleason foresees a rise in physical gold buying as more investors include it in their portfolios.
Future Outlook and Trends
Gleason expressed optimism about the future of retail demand for gold, suggesting that an upcoming major event could spark a significant buying trend. He noted that retail demand has significantly increased compared to five years ago.
Money Metals’ Precious Metals Depository
Additionally, Gleason mentioned Money Metals’ new Idaho-based precious metals depository, which is twice the size of Fort Knox. The depository is a secure storage facility where investors can store their physical precious metals safely.
For more detailed insights from Stefan Gleason, watch the interview above.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
