Liberty and Finance, Released on 1/5/26

In the first weekly market update of 2026, Dunagun Kaiser welcomes Andy Schectman of Miles Franklin to discuss an extraordinary close to 2025 and what lies ahead for gold and silver. Andy argues that 2025 was defined by unprecedented physical deliveries into COMEX, signaling that the most sophisticated players are prioritizing real metal over paper exposure. He explains that recent silver volatility is driven not by a market top, but by margin hikes, rebalancing, and strategic accumulation by sovereign nations, banks, and industrial users. The conversation also explores geopolitical pressures from China, BRICS nations, and US foreign policy, all of which are intensifying competition for physical metals. Andy concludes that tightening retail supply, rising premiums, and relentless physical demand suggest the current moves are only the beginning, not the end, of the precious metals bull market.

0:00 Intro
1:15 2025 recap
8:20 Market manipulation
26:00 Venezuela
29:49 Retail metals supply
37:36 90% silver
41:00 BRICS military

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, silver, silver shortage, silver squeeze