Retail investors are flocking to bullion shops in cities such as Singapore, Sydney, and Vietnam to purchase physical gold and silver, driven by record market prices and a $30.154 trillion market cap. Viral footage from BullionStar and ABC Bullion highlights the growing demand, with Japan's leading gold retailer struggling to keep up. The frenzy is partly fueled by Florida's HB 999 legislation, which will recognize gold and silver as legal tender starting in 2026.
Analysts are divided on the implications of this surge. Some suggest it could indicate a macro top for gold, while others predict a potential liquidity rotation into digital assets like Bitcoin. The ongoing interest in precious metals and the possibility of a shift towards cryptocurrencies are closely watched by market participants.
Global Surge in Gold Demand Sparks Speculation of Crypto Shift
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