Core Insights - A global surge in retail demand for physical gold and silver is observed, with queues forming outside bullion shops in various countries, indicating a potential market euphoria [1][2][4] - Gold's total market capitalization has surpassed $30 trillion, leading analysts to suggest that this frenzy could signify a "macro top" for the asset [1] - The phenomenon is not limited to gold, as there is also a notable increase in silver purchases, with interest spanning across different age demographics [2][3] Retail Demand Trends - Viral videos from BullionStar in Singapore show long lines of customers waiting before opening hours, a trend mirrored in Sydney and other global locations [2] - In Vietnam, reports indicate that some gold shops have run out of stock due to overwhelming demand, with signs stating "Temporarily out of gold for sale" [4][5] - The buying frenzy is characterized by a "herd mentality," with customers queuing for hours, and Japan's top gold retailer struggling to meet demand [5] Market Dynamics - The surge in gold buying follows recent pro-gold legislation in Florida, which will allow gold and silver coins to become legal tender and sales tax-exempt starting July 2026 [6] - Analysts express caution regarding the retail psychology, suggesting that while demand is high, some investors may face challenges in exiting their positions [6]