Today the man who owns one of the largest gold and silver dealers in the United States told King World News that there is massive and stunning buying of physical gold and silver now taking place at these levels. One individual has contacted him about purchasing $40 million worth of gold, which is equivalent to one ton of physical gold. Below is what 41-year market veteran Bill Haynes had to say about the massive physical gold and silver buying.
Eric King: “Bill, from what I understand there is massive buying of physical gold and silver that is now taking place.”
Haynes: “Eric, we have huge buying in gold and silver here at the bottom. Our business has increased a stunning 50 percent over the past few months. To give you just one example, there is an individual who is making an incredibly large purchase of physical gold….
“This one individual has approached us and is shopping the market for $40 million of gold. And, Eric, this is just one person. Think about that for a minute. These are the types of things you see at major market bottoms. You get some really smart money stepping in and buying. So I think we will be looking at higher prices into the end of this year and going into next year.”
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