In this episode of Hard Money Matters, host Kyle Warren and precious metals expert John Mabin (owner of Pegasus Coin and Jewelry) dive into the chaotic silver market amid its rapid price surge. They explain "backwardation" — where futures prices dip below spot due to refinery backlogs, financing strains, and overwhelming sell-off volume — forcing dealers to buy at discounted futures-based rates while selling at higher immediate-delivery spot. Drawing parallels to the 1980 silver spike, they warn that prices rising "too fast" disrupt liquidity, unlike the smoother gold and platinum markets. The duo explores dealer cash-flow limits, why some shops pause buying, and investor psychology: many cash in profits despite discounts, while others keep buying for security. Shifting to broader economics, they adjust historical gold prices (e.g., 1985's $317/oz) for inflation, discuss dollar devaluation amid grocery shocks and trillions in debt, geopolitical risks (China/Russia tariffs), and skepticism toward BRICS reserve currency shifts or crypto overhauls. Ending on tangible assets as a hedge for uncertain times, the episode blends market mechanics with real-world financial anxieties.

In this episode of Hard Money Matters, host Kyle Warren and precious metals expert John Mabin (owner of Pegasus Coin and Jewelry) dive into the chaotic silver market amid its rapid price surge. They explain "backwardation" &mdash; where futures prices dip below spot due to refinery backlogs, financing strains, and overwhelming sell-off volume &mdash; forcing dealers to buy at discounted futures-based rates while selling at higher immediate-delivery spot. Drawing parallels to the 1980 silver spike, they warn that prices rising "too fast" disrupt liquidity, unlike the smoother gold and platinum markets. The duo explores dealer cash-flow limits, why some shops pause buying, and investor psychology: many cash in profits despite discounts, while others keep buying for security. Shifting to broader economics, they adjust historical gold prices (e.g., 1985's $317/oz) for inflation, discuss dollar devaluation amid grocery shocks and trillions in debt, geopolitical risks (China/Russia tariffs), and skepticism toward BRICS reserve currency shifts or crypto overhauls. Ending on tangible assets as a hedge for uncertain times, the episode blends market mechanics with real-world financial anxieties.

Hard Money Matters is a weekly radio program originating from Sarasota, Florida and featuring John Maben of Pegasus Coin & Jewelry, and hosted by overnight talk show host Kyle Warren.  Each week John and  Kyle discuss the precious coin and jewelry marketplace, how it fits into the contemporary investment world and how folks can access the large inventory Pegasus has to offer

The show airs Saturday afternoons at noon on AM 930 The Answer in Sarasota.  Listen each week LIVE here, call John at Pegasus Coin & Jewelry at 941-725-6100, visit their website

Hard Money Matters is a weekly radio program originating from Sarasota, Florida and featuring John Maben of Pegasus Coin &amp; Jewelry, and hosted by overnight talk show host Kyle Warren.&nbsp; Each week John and&nbsp; Kyle discuss the precious coin and jewelry marketplace, how it fits into the contemporary investment world and how folks can access the large inventory Pegasus has to offer
The show airs Saturday afternoons at noon on AM 930 The Answer in Sarasota.&nbsp; Listen each week LIVE <a href="https://theanswersarasota.com/listenlive">here</a>, call John at Pegasus Coin &amp; Jewelry at 941-725-6100, visit their <a href="https://www.pegavault.com/">website</a>

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