Silver Rises Over 120% YTD  Invest Now  arrow small top right

close

(888) 319-8166

Sign In
Sign In

Gold Rush in Seoul: Political Chaos and Currency Fears Empty South Korean Vaults

Published: 03-06-2025, 09:20 am | Updated: 03-06-2025, 07:32 am

South Korea is running out of gold bars. The national mint (KOMSCO) stopped sales last month because they can’t get enough raw materials. Even Seoul’s gold vending machines have sold out completely.

Why the gold rush? Retail investors are seeking safety during political chaos. President Yoon faces impeachment, and acting presidents have sparked controversy. This political turmoil coincides with Trump’s White House return and fears of new trade wars.

As the Korean won fell 11% against the dollar in late 2024, gold investment jumped 29%. Investors are abandoning South Korea’s disappointing stock market (which lost ₩224.88 billion from individual investors) in favor of gold’s better returns.

This shortage isn’t just happening in Korea. Gold is being redirected to the United States as traders prepare for Trump’s threatened tariffs on Canada and Mexico.

Original Source: CNBC

Silver Falls 6% on Jobs Beat. The Six-Year Deficit Didn't.
News

Silver Falls 6% on Jobs Beat. The Six-Year Deficit Didn’t.

Silver fell nearly 6% after May’s blowout jobs report sent rate hike odds to 67% and the 10-year Treasury to 4.54%. Gold dropped too — but only half as much. Here’s why: silver runs on two engines. The jobs report hit the monetary one hard. The industrial one — solar, EVs, AI infrastructure — didn’t flinch. And the World Silver Survey 2026 deficit of 46.3 million ounces? Unchanged. One Friday’s data moves prices. It doesn’t move ounces.

Read More »
June 5, 2026
Gold Rate Hike Fears Are Weighing on Prices. Here's the Full Picture.
News

Gold Rate Hike Fears Are Weighing on Prices. Here’s the Full Picture.

Gold slipped to $4,448 this week as rate-hike fears and Middle East tensions drove a 2% weekly loss. Central banks bought 244 tonnes in Q1 2026 — yet retail demand has cooled sharply. With May jobs data due today and gold holding just above its 200-day moving average, here is what five key developments mean for anyone holding precious metals right now.

Read More »
June 5, 2026
Gold at $4,480: Physical Demand Hits a 50-Year Milestone
News

Gold at $4,480: Physical Demand Hits a 50-Year Milestone

Central banks reshape gold markets through the most concentrated sovereign buying in decades — but that’s only one of five forces moving gold right now. Physical investment is overtaking jewelry demand for the first time on record. Russia’s figures don’t add up. China just hit the brakes. Here’s what’s driving the market.

Read More »
June 4, 2026
Gold Holds $4,481 With Rate Hike Risk Rising. Here's the NFP Decision Map.
News

Gold Holds $4,481 With Rate Hike Risk Rising. Here’s the NFP Decision Map.

Gold is holding near $4,481 with rate hike risk rising — a divergence that, in any prior rate cycle, would have already sent gold lower. Tomorrow’s May jobs report is the last major data point before Warsh’s first FOMC meeting June 16–17. Here’s the three-scenario decision map: what a hot print, an in-line print, and a soft miss each mean for gold — and why the Fed’s policy trap makes the structural case for sound money regardless of Friday’s number.

Read More »
June 4, 2026

Latest News

News
Silver Falls 6% on Jobs Beat. The Six-Year Deficit Didn’t.
Read More
Articles
Why Is Gold Still a Safe Haven? Switzerland’s Biggest Refiner Just Answered.
Read More
News
Gold Rate Hike Fears Are Weighing on Prices. Here’s the Full Picture.
Read More
Silver Falls 6% on Jobs Beat. The Six-Year Deficit Didn't.
News

Silver Falls 6% on Jobs Beat. The Six-Year Deficit Didn’t.

Silver fell nearly 6% after May’s blowout jobs report sent rate hike odds to 67% and the 10-year Treasury to 4.54%. Gold dropped too — but only half as much. Here’s why: silver runs on two engines. The jobs report hit the monetary one hard. The industrial one — solar, EVs, AI infrastructure — didn’t flinch. And the World Silver Survey 2026 deficit of 46.3 million ounces? Unchanged. One Friday’s data moves prices. It doesn’t move ounces.

Read More »
June 5, 2026
Gold Rate Hike Fears Are Weighing on Prices. Here's the Full Picture.
News

Gold Rate Hike Fears Are Weighing on Prices. Here’s the Full Picture.

Gold slipped to $4,448 this week as rate-hike fears and Middle East tensions drove a 2% weekly loss. Central banks bought 244 tonnes in Q1 2026 — yet retail demand has cooled sharply. With May jobs data due today and gold holding just above its 200-day moving average, here is what five key developments mean for anyone holding precious metals right now.

Read More »
June 5, 2026
Gold at $4,480: Physical Demand Hits a 50-Year Milestone
News

Gold at $4,480: Physical Demand Hits a 50-Year Milestone

Central banks reshape gold markets through the most concentrated sovereign buying in decades — but that’s only one of five forces moving gold right now. Physical investment is overtaking jewelry demand for the first time on record. Russia’s figures don’t add up. China just hit the brakes. Here’s what’s driving the market.

Read More »
June 4, 2026
Load More

(888) 319-8166

Create An Account

Mary

Samantha is wonderful. I was nervous about spending a chunk of money. I asked her to `hold my hand’ and walk me through making my purchase.  
She laughed and guided me through, step by step. She was so helpful in explaining everything... 

A. Howard

Travis was amazing! I was having difficulty with a wire transfer of my life’s savings, and I was very worried that I might not be able to receive it all. My husband just passed away and I’ve been worried about these funds along with grieving for 8 months. As soon as I got connected with Travis, my concerns were immediately addressed and he put me at ease. The issue was resolved within days. He even called me back with updates to keep me in the loop about what was going on with the funds. I am so grateful for a customer representative like Travis. He really cares for his clients.

Sam was also very helpful! I called and was connected to Sam within 30 seconds. She helped me with a fee that was charged to my account. She had a great attitude and took care of the fee quickly.

talk to us

Get in Touch with GoldSilver Experts

    Michael G.

    Outstanding quality and customer service. I first discovered Mike Maloney through his “Secrets of Money” video series. It was an excellent precious metals education. I was a financial advisor and it really helped me learn more about wealth protection. I used this knowledge to help protect my clients retirements. I purchase my precious metals through goldsilver.com. It is easy, fast and convenient. I also invested my IRA’s and utilize their excellent storage options. Bottom line, Mike and his team have earned my trust. I continue to invest in wealth protection and my own education. I give back and help others see the opportunities to invest in precious metals. Thank you.