Pawn Stars’ Rick Harrison on why it’s so hard to find silver right now
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Watch Kitco NEWS Video: Pawn Stars’ Rick Harrison on why it’s so hard to find silver right now.
Supply disruptions that began during the outbreak of COVID still linger and continue to cause shortages of physical silver deliveries, driving premiums up, according to Rick Harrison, owner of the Gold & Silver Pawn Shop as featured in the hit reality TV show “Pawn Stars”.
“It’s very hard to keep any bullion in stock and the bullion I do have I’m selling them for $4, $5 over spot when it comes to silver. It’s very difficult to get. Physical silver is a very hard thing to find right now. I know a lot of people in this business…physical delivery is very hard right now,” Harrison told Michelle Makori, editor-in-chief of Kitco News.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
0:00 – Inflation and the USD
5:31 – Labor shortages
7:10 – Physical silver shortage
11:57 - Prices on collectible items
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