Peak Prosperity U.S. Retail Is Slowly Waking Up to Buying Gold and Silver
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Jan 22, 2026 Dana Samuelson, founder of American Gold Exchange with decades of experience in precious metals, discusses the global surge in gold and silver demand, driven by physical buying rather than U.S. retail interest. He highlights Japan’s bond market strain as a warning sign for systemic credit stress and links rising metals demand to concerns over debt and fiat mismanagement. The conversation also covers silver’s industrial demand, India's aggressive buying, and the need for direct sourcing as the physical market tightens, underscoring the importance of possession.
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Physically Driven Global Rally
- Dana Samuelson says this rally is globally driven and unlike past rallies in the U.S. alone.
- He interprets the price action as a physically driven run on gold and silver, not paper speculation.
Industrial Demand Boosts Silver
- Silver's recent explosive moves are partly industrially driven, with new battery technology increasing demand.
- Dana points to Samsung and direct mine investments as evidence of industrial sourcing pressure on silver.
India's Big Silver Buying
- India has been an aggressive buyer of silver, importing record amounts for ETFs and retail use.
- Dana links this to India allowing silver as collateral and to domestic inflation driving demand for metal currency.