Andy Schectman: Shanghai Gold Exchange Bleeding Dry COMEX & LBMA

Liberty and Finance, Released on 4/30/24

Another bank has failed: Republic First Bank. Many experts are concerned of more failures to come. Dedollarization continues as the East sees the risk of holding the Dollar. The East has started to repatriate gold from the United States. In addition, the Shanghai exchange as been pricing precious metals at a premium to the COMEX and LBMA. This has also led to metals moving East at a rapid pace. Andy Schectman of Miles Franklin joins us to discuss.

0:00 Intro
1:30 IRA or no IRA?
16:03 Dollar weaponization
23:50 Bank failures
29:00 Shanghai gold exchange
32:50 Dumping treasuries
36:20 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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