Loading ...around 1980 with Silver near $50, I went into a redemption center, one with eight branch stores sucking in tone of precious metals from big newspaper adds. People used to line up outside to turn it in, without gov’t mandate.
The owner took me in the back room. I could not believe all the metal buckets with PM coins in them. Plus THREE fully loaded assault rifles’ in the rooms corners. So I asked the owner. “Where is all this stuff going from here”?
Owner: “Its all going to the docks in Manhattan to go overseas”. And if it went out on the highs? So now it’s opposite? Coming back, on the LOWS of $1900??? Lets face it. After 1980 this country went DOWN and others went UP. With our Gold??
So its logical to me its this country’s turn the USA, to go up and the OTHERS to go down, as the gold comes back this way? Ask Europeans and Japanese you may know, if a lot of redemption PMs recycle stores and big adds in the paper. And ask the owners where it all going?
Watch them say….Its all going to the docks in London and going to USA. 🙂