If anyone has gone to the store recently they may have noticed that there is no more toilet paper, hand sanitizer, cough syrup, or a hundred other things. A lot of grocery stores are also short on staples. There is a similar rush into precious metals, specifically silver. As of now most online retailers don’t have any silver for sale.

The paper spot price of silver has collapsed down to $12 but that has revealed how irrelevant spot price is compared to the actual physical market. You can’t actually buy real silver anywhere near $12. In fact, Silver Eagles are nearly double that on APMEX, the largest online retailer of gold and silver.

This is an exciting time to be in precious metals. We have all been waiting for the paper and physical silver prices to decouple so that we can see the real gains. It wouldn’t be shocking to see silver hitting much higher prices in the very near future — especially if the Corona quarantines take longer than a couple of weeks. Precious Metals won’t solve all your problems, but physical coin sure is a good place to park wealth during tumultuous times.

UPMA is continuing to operate with a 0% buy/sell spread and 100% reserves. If you have any questions, please contact us.