Andy Schectman: Silver Price Falls As Trump Wins, What’s Next?

Liberty and Finance, Released on 11/6/24

In this interview with Andy Schectman, CEO of Miles Franklin Precious Metals, he provides insights into the current state of the bullion market and the broader economic landscape following the November 2024 U.S. elections. He explores how political shifts, particularly a Republican-controlled Congress, could impact gold and silver markets, which have seen price fluctuations in recent days. Despite potential short-term market reactions, Andy stresses that the underlying fiscal issues, including growing national debt and inflation, continue to drive long-term demand for precious metals. He also discusses the challenges of addressing the U.S. government’s fiscal irresponsibility, noting the difficulty of reigning in spending amidst soaring debt levels. Overall, Andy emphasizes the need for strategic financial preparations, while expressing cautious optimism about a potential cultural shift toward more conservative values.

0:00 Intro
1:00 Trump’s win & metals
16:40 Change in government
23:35 Gold & silver buying opportunity?
25:18 Cultural change
32:30 Weekly specials

Andy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals. Prior to 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 eclipsed $5 billion in sales, Andrew has developed an operation that maintains trust, collaboration, and ethical behavior, superior customer service and satisfaction to better serve their clients. He is responsible for overseeing the firm’s operations and business functions; including strategy and planning, account management, finance, and new business.

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