“All Hell Could Break Loose”: The Current Precious Metals Shortage

“All Hell Could Break Loose”: The Current Precious Metals Shortage - Weekly Wrap Up

 Written by Craig Hemke, Sprott Money News

May 22, 2020

With physical shortages and a tight market, things are getting exciting on the precious metals front. Host Craig Hemke and Eric Sprott break down all the gold and silver news you need as we head into a three-day weekend.

In this edition of the Weekly Wrap-Up, you’ll hear:

  • The burgeoning story in silver
  • Why gold is in a similar position
  • Plus: the stock Eric thinks is “highly undervalued”

“Suffice to say that most of the economic data is not even worth analyzing anymore, because it’s just a disaster… The only thing the pundits seem to do from time to time is to say, “Oh, the job losses were only 2.2 million when the estimate was 2.4 million, therefore it’s great.” Now, we have no idea where this thing is going to bottom out. There was actually a study done by one of these economic institutes suggesting that Covid-19 could cost somewhere between 3.3 trillion and 82 trillion…. There are so many unknowns about how this is going to work out.”

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About Sprott Money

Specializing in the sale of bullion, bullion storage and precious metals registered investments, there’s a reason Sprott Money is called “The Most Trusted Name in Precious Metals”.

Since 2008, our customers have trusted us to provide guidance, education, and superior customer service as we help build their holdings in precious metals—no matter the size of the portfolio. Chairman, Eric Sprott, and President, Larisa Sprott, are proud to head up one of the most well-known and reputable precious metal firms in North America. Learn more about Sprott Money.

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