Phil and John sit down with Louis Cammarosano of Smaul Gld to discuss real estate, gold, silver, economics and more! John tells Phil about the NYC economy, and Phil covers the truth about Amazon’s failed student loan initiative with Wells Fargo.
American Silver Eagles are sold by the U.S. Mint through a distribution network of “authorized purchasers.” Earlier this year, those distributors were buying ASEs at a level that exceeded retail sales, building an inventory with the presumed hope of capturing rising premiums at a later date. Now, that inventory is being worked down. Retail sales did NOT fall 75%. Louis Cammarasno at Smaulgld explains in his latest video: