“All Hell Could Break Loose”: The Current Precious Metals Shortage - Weekly Wrap Up (May 22, 2020)

May 22, 2020

With physical shortages and a tight market, things are getting exciting on the precious metals front. Host Craig Hemke and Eric Sprott break down all the gold and silver news you need as we head into a three-day weekend.

In this edition of the Weekly Wrap-Up, you’ll hear:

• The burgeoning story in silver
• Why gold is in a similar position
• Plus: the stock Eric thinks is “highly undervalued”

“Suffice to say that most of the economic data is not even worth analyzing anymore, because it’s just a disaster… The only thing the pundits seem to do from time to time is to say, “Oh, the job losses were only 2.2 million when the estimate was 2.4 million, therefore it’s great.” Now, we have no idea where this thing is going to bottom out. There was actually a study done by one of these economic institutes suggesting that Covid-19 could cost somewhere between 3.3 trillion and 82 trillion…. There are so many unknowns about how this is going to work out.”