Eric King: “John, what are you hearing about the physical market for gold?”
Hathaway: “Well, it’s just gangbusters. You hear about shortages of coins. Sometimes that can be attributable to the mints not having enough equipment. Bars, the same thing. I read recently that more than half of the gold which has been ordered has been on a delayed delivery of some sort.
Everything I get confirms the activity is overwhelmingly on the buy side….
“So this pullback has not at all disheartened people who want to own more gold. In fact they are just looking at it as if it was a ‘blue light special,’ and they are just standing in line to buy.
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