Andy Schectman: Depressed Gold to Silver Ratio Creating Buying Opportunity of a Generation
Tom welcomes a new guest to the show Andy Schectman of Miles Franklin. Andy makes a very compelling case for past market manipulation by large banks like JP Morgan. He sees a perfect storm coming soon, one where there will be no safe haven assets except precious metals. Bonds no longer have real returns when you consider inflation and are guaranteed to lose money.
He dives into the gold-silver ratio, the flailing dollar, and the lack of precious metal supply. Many investors are increasingly nervous about inflation and are taking physical possession of their metals from exchanges. Gold and silver are real wealth, and today is a once in a generation buying opportunity.
In a depression, gold and silver perform best because they are the only asset class that is not someone else’s liability. Today there is massive counterparty risk throughout the system.
Time Stamp References:
0:35 – Gold/Silver Ratio and Silver buying opportunity
3:45 – Trading the ratios and future predictions.
8:45 – Gold is now a tier-one banking asset.
10:15 – Central Banks in 2018 started buying gold.
12:30 – JP Morgan derivative manipulation.
22:40 – Big players, banks, hedge funds all stockpiling gold.
32:20 – Crazy premiums during Q2 and going higher again now.
33:30 – Massive demand during shortfalls in mint production.
34:20 – 2020 – The great wake up call.
Talking Points From This Episode
- Trading the Gold-Silver ratio.
- Provable past market manipulation and banks are going long gold.
- Gold as a tier-one asset with no counterparty risks.
- Smart investors and firms are rapidly acquiring physical.
Andrew (“Andy”) Schectman has been a prominent figure in the financial services industry for more than 25 years, during which he has served as President and owner of Miles Franklin, Precious Metals, Ltd. Before starting Miles Franklin, Ltd. in 1989, Andrew became a Licensed Financial Planner, specializing in Swiss Franc Investments and alternative investments. At Miles Franklin Ltd., a company that has recently eclipsed $5 billion in sales, Andrew has developed an operation that maintains trust, collaboration, ethical behavior, superior customer service, and satisfaction to serve their clients better. He is responsible for overseeing the firm’s operations and business functions, including strategic planning, account management, finance, and new business. Andrew has distinguished himself as a successful entrepreneur, a foremost expert on the precious metals industry, and a reputable speaker on economics, global investing, and foreign currencies.
Please go to www.milesfranklin.com for more information on how they can help protect and preserve your wealth.