Coin Shops Limit Gold & Silver Purchases: ‘We’re Swimming in Metals’ () program details. Reviews, Scam or Paying
Retail investors who hold gold and silver coins are depositing them at coin shops and cashing in on the recent price rise. A barrage of coins was sold to medium and small-scale goldsmiths. Gold and silver coins, as low as 1 gram, were also being sold at Costco. Even Walmart began selling the metals, making it reach a wider section of people. The move made tons of Americans buy these coins for investments and future profits. To their luck, the XAU/USD and XAG/USD skyrocketed in the charts from 2022 till now. Watcher Guru had reported in 2024 about the gold buying frenzy among Americans at Costco. If consumers want to sell their gold and silver, the first place they would go is to the coin shops. However, the recent metals market crash has got the owners rethinking their purchase of the precious metals. Gold had topped $5.500 per ounce while silver hit a record high of $126. All that came crashing early in February as silver plunged 30% in a day to $75, while gold also fell to muddy wate...