Have you been watching gold and silver rise in price, and possibly been wondering if your exposure to them should increase? If so, perhaps you wondered how to go about it? For me, the answer always begins with people who are of extremely high integrity and whom I can trust.
In this podcast, I interview Dana Samuelson, founder and president of American Gold Exchange (operating since 1998), a true veteran precious metals dealer with over 45 years of experience. He’s someone I really trust in this space, and we’ve known each other for a decade or more.
Dana trained with the giants back in the day, including Jim Blanchard, who was instrumental in getting gold legalized again for US citizens to own.
He is also an expert numismatic coin appraiser and is a member of the Professional Numismatists Guild, which is the leading organization of rare coin dealers in the country. He’s also sat on their board and was President of the organization when the issue of Chinese counterfeit coins first reared its head.
In other words, he’s been there and done that. In times like these, where gold and silver are powering to new highs, having that perspective is vitally important.
In his view, the landscape is changing powerfully. The investment thesis for gold has shifted from denigrating ‘goldbugs’ to Morgan Stanley recommending a 60/20/20 portfolio where that last “20” is gold.
Further, central banks are strong buyers, international pricing now includes China’s heavy presence, and the de-dollarization trend among the BIRCS cannot be ignored.
Silver, too, has a powerful story, but it’s different from gold. Silver, as I’ve long been banging on the table about, is in a structural shortfall of supply relative to demand.
If you wish to explore buying physical gold and silver, we heartily recommend Dana’s company and services at American Gold Exchange. We’re an affiliate partner of AGE because we know and trust Dana to provide excellent service, competitive prices, and deep knowledge.
Silver is absolutely essential for industrial purposes and is used extensively in solar panel manufacturing as well as other electronics.
Could 2025 be the year that industrial demand alone outstrips mine output? It seems entirely possible, leaving less for all other purposes, including jewelry and investment.
But to really make things interesting, Dana explains how the LBMA “broke” in October, and with the recent CME data center “outage” we are increasingly confident that the paper-based shenanigans of the past decades are winding down.
Further, Dana is convinced (as am I) that the Fed is in a pinch. Its choices now include either letting the debt markets implode or printing a lot more money (a.k.a. “QE”). Clearly, the betting man’s wager is on QE.
To buy or sell physical gold and/or silver from American Gold Exchange, just follow this link https://amergold.com/peakprosperity or call 1-800-613-9323 and tell them you heard about them from Chris.
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by cmartenson