Now may be the best time for you to buy gold
“This time around, the coronavirus is causing interruption on an unprecedented scale, including the supply of physical gold. Three of Europe’s biggest gold refineries are based in the Swiss canton of Ticino. On March 24, cantonal authorities ordered all three refineries to close. Although they’ve been allowed to reopen since April 5, they’re still only operating at around 50% of their normal capacity, meaning there’s a squeeze on the supply of physical gold.”
USAGOLD note: With all the analysis published on gold ownership, we sometimes lose sight of simple availability of the metal as a fundamental factor driving market sentiment. We saw what happened in late April when a delivery squeeze developed relative to the effects of the coronavirus. End of May another delivery squeeze could develop when the heavy-volume June contract comes up for delivery.
Image courtesy of Visual Capitalist
Repost from 5-26-2020