Is the demand going up for precious metals?
They aren't the only ones who have been suggesting that the silver demand might exceed supply this year either.
"Demand for physical gold and silver is off the charts. I've never seen anything like it in 20 years of doing this," says S Rand
It isn't easy for everyone to get precious metals, depending on where you are. However, when looking online you will find a myriad of sources for a variety of coins new and used.
A survey from a few years ago found that about 10% or more of the American population already owned gold, a little more had been found to own silver.
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This is not financial advice
Sources:
https://www.prnewswire.com/news-releases/new-survey-reveals-10-8-of-the-american-population-owns-gold-while-11-6-owns-silver-301122041.html
https://www.nasdaq.com/articles/survey-shows-main-street-picking-gold-and-silver-to-outperform-in-2022
https://www.bloomberg.com/news/articles/2022-11-04/india-s-massive-silver-demand-cutting-world-s-warehouse-stocks
https://www.kitco.com/news/2022-11-21/Physical-silver-demand-to-hit-record-highs-but-ETF-outflows-dominate-the-price-action.html
https://www.mining.com/web/silver-demand-to-exceed-supply-again-this-year/