In a recent appearance on Schwab TV, Alan Hibbard from GoldSilver.com shared valuable insights as to why gold and silver prices are on the move higher.
“We’ve seen central bank gold buying increasing since 2016... Retail demand is really high. We’ve seen Costco and Walmart selling gold and that’s atypical, and investors are absolutely flooding into those markets. Demand is coming from absolutely everywhere, from the retail investor to central banks, and everywhere in between.” Hibbard explained.
In under seven minutes, Alan discusses why the economy may not be as robust as central bankers suggest and why precious metals are positioned for further gains. He also explains why he expects silver to outperform gold by a factor of 2 to 1 in the short term.
