GoldSilver You’re NOT wrong about silver & gold

This “Chartorial” Says You’re Not Wrong about Silver & Gold

By Jeff Clark, Senior Analyst, GoldSilver.com

Gold and silver prices are taking it on the chin. They’re bucking seasonal trends. They haven’t been responding to catalysts that would normally push them higher. They’re one of the worst performing asset classes this quarter and year.
So are we wrong? Is it time to pack it in?

There are a myriad of ways to answer that, the biggest of which is Mike’s core reason why we’re not wrong about where they’re headed.

But in this article I want to show what your fellow investors think about the price weakness, and how they’re reacting to it.

This easy-reading “chartorial” looks at all the major areas of physical demand from around the world. See how you react to this as you read through it…

Most bullion investors are not aware of this, and it’s certainly not reported in the mainstream media, but this data from the US Mint shows the amount of gold sales through July of each year, since it first started manufacturing coins. Notice the amount of sales in 2021. 

This is the second highest amount of sales through July in the history of the US Mint. It was higher than during the panic of Covid-19. 

Silver sales are not as high, but notice the trend.

Strong physical demand is not confined to the US. As our friend Nick Laird of GoldChartsrus shows, gold bullion sales at the Perth Mint are stronger so far this year than in the past 10 years. 

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