#andyschectman #fed #inflation
“Gold & Silver Price Manipulation Is About To End & Will Make Prices Explode!” _ Andy Schectman
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#andyschectman #gold #silver #fed #economy #inflation
Andy Schectman is the president of Miles Franklin Precious Metals. He has 25+ years experience in the financial services industry. Andy is an expert in economics, global investing, foreign currencies, and precious metals investments.
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I think people understand that the FED is trapped that they’re caught and they’re caught in in a quandry of death by hyperinflation or death by depression and when you have asset prices where they are right now and starting to to shake you know Paul vulker in 1980
Raised the federal funds rate to 19 and three4 per. that’s getting serious about inflation what they’re doing is job owning and I guess we’ll see how much the markets can really take but um I think people are realizing that and people are buying gold and silver right
Now not to get wealthy but because it is and represents wealth and in a world of asset prices that are so crazy overvalued there’s nothing on the planet that offers the argument that silver does of course the price action doesn’t support it the manipulation surrounding it but from a standpoint of utility in
Industry where solar panels are supposed to double or triple in the next year or two and the same thing with battery powered vehicles and uh in a digital and green application or world where digital and green applications are expanding there isn’t an asset on the planet that
Offers what silver does in the light of everything being blown up silver is still under half of what it was so that’s why people are buying because they’re afraid they see inflation they see the Frailty of their Investments and they realize silver is even though it hasn’t expressed itself yet represents
Maybe the best value in the investment Universe I I don’t see something anything that offers the value that silver does um my asset portfolio which is almost entirely gold and silver because I don’t see a safer place to put it and uh along the way it’s tough you
Have to have strong fingertips you have to hang on you have to trust your conviction and ask yourself why is it the most concentrated short position in any commodity traded on comix why do they exert so much effort to hold it down when the fundamentals are so
Extraordinary and I think one of the things that make it difficult for silver to express it’s self is the dollar hedgemon where the dollar rules the roost and government behind it pulls the strings but what just what happens if all of a sudden the dollar loses its singular World Reserve status what
Happens if Saudi Arabia who is already in negotiations with China to sell oil for Yuan just like Nigeria is already doing uh what happens if we see an accentuation what’s going on with Russia how about the the Belt Road initiative with China connecting 85% or 80% human population and now there’s this new
Route between Iran and uh India what we are seeing as a dollarization a move away from the dollar hemony and when that snaps when that happens things like the ability to manipulate the comx price uh I think will be a thing of the past and the only reason all of these nations
Aren’t bitching about it right now is because that is what they’ve been transitioning into they have been the ones accumulating gold and silver they have been the ones quietly dollarized so they they play along the game if you can’t beat them join them type of thing
Until they are able to beat them and they’ll beat them by I believe challenging the dollar for singular World Reserve status the Chinese digital Yuan has done close to 10 billion dollars in transactions over the last year with all of these countries coalescing together Russia China India South Africa the likelihood I believe
And these are all the biggest producers of of gold and silver in the world the biggest accumulators of it as well what I believe will happen at some point is that they will challenge the dollar they will issue a a gold backed or commodity backed bricks nation’s currency on the
Back of the success that the Chinese have already had with their Belt Road initiative and their digital youan when something like that happens when the dollar loses its hemony when the dollar loses its ability through sanctions and and edict and governmental decree to control the markets that’s when it snaps
Overnight now it’s not fun waiting for it in the end will be proven right and I think there are very few things on the planet that offer the utility the necessity and the scarcity that silver does in a world of blown up asset prices it’s the most undervalued asset on the
Planet so being right sometimes means you’re wrong until you’re right and I’ve experienced that a lot yeah we may not have been right yet but we will be in 1974 Henry kinger struck a deal with the Saudis to value oil in dollars globally through OPEC and for that we would
Protect the Saudi Kingdom the fact that Russia signed a joint military cooperation agreement with Saudi Arabia the day after we left Afghanistan with the next day did it with Nigeria signals that beginning of the end of things that we’ve seen in our lifetime In Our Lifetime we’ve known nothing but dollar
Hemony dollar strength and the world Reserve currency I would argue those days are coming to an end and so that’s when things change you know when people are looking at alternatives look at every other asset class out there and forget about what I’m saying about the dollar losing its singular Petr dollar
Status but what happens if the FED is true to its work and the house prices start to exponentially decrease and the stocks and bonds start to decrease gold is near as high despite the interest rate hike that’s that’s true interest rates and gold are inversely correlated however it’s real interest rates and the
Price of gold inverse relationship between real interest rates in gold and I’m just going to focus on gold for one moment gold is doing what it’s supposed to be doing but remember there’s a 90% correlation between gold and silver throughout all of history so if gold leads the way typically silver will
Catch up and surpass it in performance it’s a depleted asset it’s massively needed in industry it’s hugely accumulated monetarily and it’s it’s just disappearing but in the end mathematics logic and economics will prevail and that’s the best we can all do is try to find something that’s logical that meets
The test of Economics meets the test of mathematics meets the test of old school logic and all of you could check all three of those boxes but sometimes logic and outcome in this crazy world have been inversely correlated until they’re not and and that till they’re not will
Happen it’s just a matter of when some people would say with all the inflation we have right now and the craziness why hasn’t happened yet well and that is because this is all about dollar hemony we are entering a period of time the great reset or whatever you want to call
It where the dollar is teetering where the system that we’ve built upon a mountain of debt cannot handle a rise in interest rate and it’s either death by hyperinflation or death by depression take your pick one or the other and in the end I do believe that you will be
Proven right golden silver will be the last man standing as everything else tries to find fair value in a world where price Discovery is but impossible even in Golden right now we’re still a long ways away from snuffing out inflation and you know I’d rather have someone shoot straight with me based
Upon years of experience in starting with being a Wharton grad all the way up to Wall Street figuring it all out and talking to me about something logical with mathematics and economics that makes complete and total sense yet you look at the world around us of of
Finance and none of it makes sense and it’s all based upon easy money and low interest rates where the the markets were jacked up to to irrational levels and and that’s what made people feel wealthy that’s what allowed them to Offshore all of our manufacturing uh capabilities so that
People felt wealthy with their 401K in their home and it didn’t matter that we didn’t produce anything anymore but these types of decisions have consequences and I think at the same time we’ve angered the world with our mismanagement of the currency the rest of the world 85 to 90% of the world does
Not care what the US says we can and cannot do the steps are being put into place or or the pieces are being put into place to challenge the dollar and when all of that money gets dumped if you think inflation is bad now the FED is fighting wait until see what happens
When 90% of the world who has to own dollars to buy oil starts to shed dollars in favor of other currencies and when that happens not only do you see massive inflation but you see interest rates go to the Moon there’s your clous Schwab great reset when the world dumps
Dollar when the dollar is no the pet no longer the Petro dollar and they all come home massive massive massive hyperinflation massive Rising interest rates stocks bonds real estate and the dollar all collapse at the same time why do you think gold was reclassified tier one why do you think the central banks
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