The American people's demand for precious metals has increased under the epidemic.

Published: Sep 27, 2020 13:08

SMM9, March 27 / PRNewswire-Asianet /-- Monex precious metals broker Albert Johnston III (Albert Johnston III) said at a webinar on September 24 that the epidemic has prompted Americans to invest more in gold and silver, and some investors who have never bought precious metals are now considering investing in such assets.

He pointed out that most investors in the United States are interested in gold and silver coins, adding that, with the exception of high net worth investors, the United States is not a large gold / silver bar market for investors.

Popular in the United States are 100-ounce silver ingots made by North American refineries in the late 1970s specifically designed for American investors.

Johnston said silver was becoming a companion to gold rather than being seen as "gold for the poor", adding that Americans have a strong preference for silver.

Platinum and palladium are new stars in the American market.

At the same time, John Reade, chief market strategist at the World Gold Council, stressed the "extraordinary" growth of gold ETF this year.

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The American people's demand for precious metals has increased under the epidemic. - Shanghai Metals Market (SMM)