By Yvonne Yue Li
Sunday, January 31, 2021
Retail sites were overwhelmed with demand for silver bars and coins today, suggesting the Reddit-inspired frenzy that roiled commodities markets last week is spilling over into physical assets.
Sites from Money Metals and SD Bullion to JM Bullion and Apmex, the Walmart of precious metals products in North America, said they were unable to process orders until Asian markets open because of unprecedented demand for silver.
Robert Higgins, chief executive officer at Argent Asset Group LLC in Wilmington, Delaware, said he has been on the phone trading all day, with people desperate to buy gold or silver.
“It’s a very, very tight physical market right now,” he said. “And I don’t know there’s any answer to it except when things calm down or the market explodes on Sunday at 6 p.m.” …
… For the remainder of the report:
The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)
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