It’s not the new iPhone causing lines around city blocks this week, but gold. From Singapore to Sydney, and even Vietnam, crowds of retail buyers are queuing outside bullion shops to purchase physical gold and silver, many arriving before sunrise.
As bullion prices hit record highs and gold’s total market capitalization surpasses $30 trillion, investors appear caught in a frenzy that analysts say could mark the asset’s “macro top.” Meanwhile, Bitcoin proponents ask the same question: Is retail missing the next rotation into digital gold?
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Gold Fever Goes Global: Retail Queues Signal Market Euphoria as Bitcoin Waits Its Turn
The frenzy is seen in viral videos from BullionStar in Singapore, which show customers lining up before opening hours.
The scene is replicated in other parts of the world. Pictures from Sydney show similar lines outside ABC Bullion, one of Australia’s largest dealers. Some of this demand is spilling over to silver, with interest reportedly spread across different age brackets.
In Vietnam, Chay Bowes reported that people line up from dawn to buy gold. Some gold shops in the country have also announced that they have no more gold to sell.
The retail FOMO (fear of missing out) compels “Temporarily out of gold for sale” signage at some of the largest gold systems in Vietnam.
“Notice: Temporarily Out of Stock — All Thang Long 999.9 Gold Bars and Bullion Products”Signs from Vietnamese gold dealers Bảo Tín Minh Châu and Phú Quý announce that their gold bullion products are completely sold out, reflecting a nationwide rush for physical gold.
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This “herd mentality” extends beyond Australia and Vietnam, where people queue for multiple hours. According to Bloomberg, Japan’s top gold retailer says it is unable to keep up with the demand.
The buying spree comes only months after a pro-gold legislation in Florida. Governor Ron DeSantis signed a bill to allow gold and silver coins to become legal tender and sales tax–exempt starting July 2026.
However, even as FOMO hits the roof, analysts call for caution. As retail psychology rarely changes, some could be caught in exit liquidity.
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Signs of Euphoria and “Blowoff Top”
Market veterans are sounding alarms about the mania. Trader Mayne called the rally “long in the tooth,” noting that “Peter Schiff [is] reaching insane levels of insufferability and people are lining up to buy physical gold.
Other analysts see classic top signals forming as people line up to buy physical gold when it is in the most expensive form to sell.
As of this writing, gold was trading for $4,330, its all-time high, with the RSI (Relative Strength Index) showing parabolic momentum.
Gold Price Performance. Source: TradingViewSponsored
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Analysts Anticipate Bitcoin’s Rotation Moment
Gold’s parabolic move comes as the metal achieves an unprecedented $30.154 trillion market cap, making it the first asset in history to do so. However, several analysts suggest that this retail gold euphoria could precede a liquidity rotation into crypto.
Similarly, another renowned analyst, Jelle, forecasted an incoming new rotation to digital gold, referring to Bitcoin.
However, in as much as such buyer frenzy presents as a leading indicator that the asset could crash soon, macro uncertainty related to President Trump could see the gold rush last longer, potentially even as long as 2-3 years.
Source: https://beincrypto.com/people-queue-gold-retail-demand-bitcoin-risk/


