Liberty and Finance, Released on 6/4/24
Precious metals are being drained off of all three major exchanges: LBMA, COMEX, and Shanghai. There is a scramble for physical delivery from the exchanges, says Andy Schectman, CEO & president of Miles Franklin. The bullion banks are “trapped,” he argues. The exchanges “are very close to running out of silver,” he says. And metals in the East continue to trade at higher prices that in the West. This signals that metals continue to flow East. He discusses the decline of the Western empire and what it signals for the gold and silver going forward.
0:00 Intro
2:11 Preparedness
6:43 Stay away from scams
12:30 BRICS+
20:28 Department of Defense
22:49 Gold & silver exchanges
30:50 A country in decline
34:55 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.
Andy Schectman: Exchanges Close To Running Out Of Silver added by Herman James on
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If everyone is “running out of silver” why has the price dropped back down to. $29.56 / oz? The big silver breakout is breaking down (again and again and again for decades).
That’s a good sign that it’s been going on so long. Steady consumption surpassing production is a drain. You start running out of fuel after topping up the moment you fire up your engine. At some point, running out just may become “ran out”