I Tried to Buy Gold 4 Times — They Turned Me Away Every Time - Clive Thompson
I Tried to Buy Gold 4 Times — They Turned Me Away Every Time – Clive Thompson
Four attempts. Four failures. Not because of the price. Not because of the paperwork. Because there were simply too many people ahead of him in line. Clive Thompson is a veteran market analyst. And this year, every time he walked into one of Switzerland’s most established gold dealers, he was turned away. Forty-five minute queues just to reach the counter. A level of demand he says he has never seen in all his years watching precious metals markets. That’s not a footnote. That’s a signal. In this video, Clive explains what that physical gold squeeze is telling us about where we are in the economic cycle — and why the comparison to the 1970s stagflation era should have every investor paying close attention right now. What you’ll learn in this video: — Why physical gold dealers are overwhelmed with buyers right now — The 1970s parallel — and why gold returned 47% per year for nearly a decade — Why the Fed is trapped between inflation and unemployment with no good options — How rising commodity prices feed through to everything you buy — Why Clive is still buying physical gold even at current prices — and where he’s storing it If you’ve been wondering whether it’s too late to buy gold, Clive’s answer might surprise you. The queue at the gold shop is the real indicator. And right now, the queue is only getting longer.
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