Liberty and Finance, Released on 9/19/24

Andy Schectman, CEO of Miles Franklin Precious Metals, discusses the ongoing shift from dollar reliance to gold among nations. He highlights how gold has significantly outperformed treasuries and is now viewed as a stable asset without counterparty risk, especially by governments. Schectman emphasizes the alarming trends in U.S. monetary policy, including recent emergency rate cuts, which he argues only exacerbate inflation and economic instability. He also shares noteworthy statistics about India’s substantial silver imports and Saudi Arabia’s secretive gold purchases, illustrating a global trend towards hard assets. The conversation underscores a critical moment in financial history as countries increasingly prioritize gold in their economic strategies.

0:00 Intro
2:21 Fed rate cut
18:00 BRICS update
26:55 Gold’s rally
33:53 Retail availability
37:45 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, BRICS, dollar, gold