PM demand has decreased dramatically

[Cu Penny Hoarder]

Premiums have dropped all across the board. All the internet bullion dealers have dropped their premiums in synch. The only products that seems to command higher premium is fractional AGEs and ASEs, although they are much lower than they were just 6 months ago. People are broke and selling their PMs to pay their bills to maintain their lifestyle.

I never bought anything from this guy, but his comments are insightful and honest... much more honest than Andy Schectman and the 100 other jokers/shills who make YT videos trying to sell you their PMs. His PM market comments start at the 5:40 min mark...
https://www.youtube.com/watch?v=LeQbSxk0V7k

The fed reserve, central bankers, COMEX and the LBMA criminals have been able to cap the price of PMs for many years, especially silver. Sometimes I feel like PMs will never reach their true value during my lifetime. I'm starting to have that feeling more and more these days.

When the real SHTF event comes will PMs be worth anything? Will anybody even want them? Anyone with a modicum of common sense has to wonder about these things.

[pmbug]

Neither gold nor silver price are being moved by physical retail (bullion/investment) demand. Gold is largely reacting to central bank and institutional (ETF) buying/selling. Silver is largely reacting to industrial manufacturing (solar panels / EV batteries). I still think, barring a global economic implosion, silver will hit an inflection point with the structural deficit (physical demand > mining production) stressing vault inventories in the next 2-3 years.

[Cu Penny Hoarder]

Neither gold nor silver price are being moved by physical retail (bullion/investment) demand. Gold is largely reacting to central bank and institutional (ETF) buying/selling. Silver is largely reacting to industrial manufacturing (solar panels / EV batteries). I still think, barring a global economic implosion, silver will hit an inflection point with the structural deficit (physical demand > mining production) stressing vault inventories in the next 2-3 years.

Yes, price is not moved physical demand, but the retail premiums are. Premiums are bottoming out due to lack of retail demand.

There is PLENTY of gold and silver inventory out there. Anyone who claims there are gold/silver shortages is usually a salesman talking out of their arse.