Our annual participants' meeting (only in Dutch) will be held on Thursday, April 22 at 3:00 pm. This meeting will also be held ONLINE this year due to the Coronavirus.
Reddit-triggered buying led to a frenzy in silver, making for a significant event that lifted prices to eight-year highs. While the price has since come back down, many experts expect more craziness, predicting that the silver squeeze drama isn’t going anywhere.
At the end of March 2020, we warned our participants about the potential of a crash of the physical gold market. Less than a week later this became a fact. Gold smelters, where gold bars are poured, had to close due to the lockdown. As a result, physical gold was no longer available, exactly at a time when the demand for precious metal exploded. The threat of unprecedented money creation has caused many to fear a new banking crisis and the further erosion of the purchasing power of their savings. And rightly so: in the 90s in Holland, a 'fries with mayonnaise' cost 2 guilders. This week I had to pay 3 euros for it at a snack bar. That is more than six old guilders. The demand for gold is now 100 million ounces per year. The industry 'discovers' only 25 million ounces per year.