Adam Taggart | Thoughtful Money, Released on 3/11/25

Gold has experienced a major upwards repricing in recent years. It’s up nearly $1,000/oz over the past two years. And in just the past year alone, it’s up 35%, handily outperforming the S&P’s return of just 13%. Some say gold is quite overbought after this big run. Others say it’s just getting started, and that far higher prices lie ahead due to the ongoing loss of purchasing power of the US dollar and other world fiat currencies. Which is more likely? For a “boots on the ground” report on all things gold, we welcome Andy Schectman to the program for the first time. Andy is the CEO and co-founder of Miles Franklin — a full-service precious metals broker with a mission to educate the masses on the benefits & principles of sound money and to deliver fair pricing. It has an A+ rating from the Better Business Bureau. Andy reports that amidst the current wild action in the gold market, he’s seeing some developments he’s never witnessed before in his decades-long career.

0:00 – Unprecedented trends in the gold market and historical context.
10:00 – U.S. becoming a net importer of gold and silver for the first time.
20:00 – Central banks repatriating gold and shifting away from U.S. Treasuries.
30:00 – Rising demand for physical gold deliveries and its market implications.
40:00 – Sovereign wealth funds and large traders standing for delivery.
50:00 – Speculation on U.S. government strategies, including gold-backed treasuries.
1:00:00 – The role of silver in military and industrial applications.
1:10:00 – LBMA and COMEX silver shortages and systemic market risks.
1:20:00 – Importance of gold and silver in wealth preservation and global shifts.
1:23:00 – Final remarks, partnership discussion, and outlook on precious metals.

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.

Adam Taggart is the Founder of  Thoughtful Money. He is also Co-Founder and former President of Peak Prosperity. Adam is an experienced Silicon Valley internet executive and Stanford MBA. Prior to partnering with Chris Martenson (Adam was General Manager of our earlier site, ChrisMartenson.com), he was a Vice President at Yahoo!, a company he served for nine years. Before that, he did the ‘startup thing’ (mySimon.com, sold to CNET in 2001). As a fresh-faced graduate from Brown University in the early 1990s, Adam got a first-hand look at all that was broken with Wall Street as an investment banking analyst for Merrill Lynch. Most importantly, he’s a devoted husband and dad.

  Andy Schectman, gold, gold shortages, precious metals, silver, silver squeeze