The Gold Spot | Gold & Silver Price Dips Sparks Buying Frenzy

In a telling way, the media is spending more time covering claims of UFO invasions rather than the monumental financial shift that’s sweeping across the globe.Show more

On the back of deteriorating economic conditions, institutional and retail investors alike are moving away from fiat currency in favor of tangible assets such as gold and silver bullion.

Central banks are doubling down on this strategy as a temporary pullback in gold prices and silver prices prompts a bullion buying frenzy. Governments are actively converting paper assets into something truly valuable and investors are following suit.

With raging inflation, political infighting, and a devaluing greenback, the US economy simply isn’t the powerhouse it used to be which is causing USD-reliant countries to rethink their approach.

Saudi Arabia is threatening to make it even easier to untether from the dollar by entertaining the idea of accepting other currencies on the global oil market which is currently dominated by the Petrodollar.

All this hesitancy is exacerbating already dismal economic circumstances at home as the US dollar teeters on the verge of collapse.

Watch this week’s The Gold Spot video to hear what Scottsdale Bullion & Coin Sr. Advisor Steve Rand & Advisor Todd Graf are saying about the situation and why now is a great time to scoop up more #gold and #silver.