Liberty and Finance, Released on 9/4/24 (Recorded on 9/3/24)
Andy Schectman, CEO of Miles Franklin Precious Metals, highlights significant developments in the precious metals markets. Schectman discusses the massive physical deliveries of gold and silver from major exchanges like COMEX and LBMA, pointing out that these deliveries are reaching unprecedented levels, indicating serious structural deficits. He also notes a notable increase in countries like Turkey and India aggressively accumulating precious metals, further stressing the disconnect between physical supply and paper trading volumes. Schectman expresses concern over the manipulation and suppression of precious metal prices by Western financial systems, and how this is incentivizing global players to withdraw physical metal from exchanges. He concludes by emphasizing the shift in market dynamics, with emerging economies positioning themselves advantageously by stockpiling commodities and distancing themselves from Western financial institutions.
0:00 Intro
3:34 COMEX & LBMA deliveries
10:00 BRICS memberships
15:08 India silver imports
21:30 Pension risk
32:34 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.