Andy Schectman: Look to Insiders for Clues on Gold

Tom welcomes Andy Schectman of Miles Franklin back to the show. Andy likens Mondays hit on gold to a drive-by shooting. He says, "Physical demand has nothing to do with what we just saw on the Comex. This was done to create a perception of reality."

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It seems that new people are buying precious metals, and there is a bit of an awakening. He feels Minnesota, where he lives, has changed dramatically. In general, this year, he has seen more business from a whole new subset of people. It's a vastly different market than before, and the other half of the storm is still coming.

The next government might not be market-friendly, and therefore, they could sputter and crater. Democrats are likely to spend more and may decide to send rates negative to stimulate spending.

He discusses why "The Art of War" is an essential book of strategies to learn and be aware. Today, the public is regularly misdirected from where they should be investing. They shouldn't focus on price but the fundamentals.

He discusses how several countries repatriated their gold in recent years, and they seemed to have a goal of doing so by this year. Usually, small amounts stand for delivery as a hedge on the Comex, but things are changing. This year we've seen the rise of the "others" seemingly plugged in wealthy people standing for delivery. More metal is being taken off exchanges in a month than regularly happens in a year.

The current price smackdown is a gift for smart investors, and the insiders know it's a rigged game. Physical possession of precious metals has never been more critical.

He believes we will see a new government digital currency partially pegged to gold. The Fed needs this to generate inflation.

Time Stamp References:
0:00 - Introduction

1:10 - Gold a Drive-By Shooting
2:50 - Who is Responsible
4:25 - Bullion Sales
9:45 - New Presidency and Spending
13:20 - Bullion Storage Risks
17:50 - The Little Man Rule
23:20 - Comex & Deliveries
29:30 - Insiders & Smart Money
33:40 - New Bretton Woods
36:30 - Digital Currency + Gold
39:20 - New Currency Advantages?
45:10 - Banking Sector Problems
51:20 - Miles Franklin Offer

Talking Points From This Episode
- Monday's drop on gold.
- Democrat's stimulus plans.
- Comex and Smart Money.
- New Bretton Woods.

Guest Links
Website: https://www.milesfranklin.com
E-Mail: [email protected]
Twitter: https://twitter.com/MilesFranklinCo
Facebook: https://www.facebook.com/MilesFranklinCo

Andrew ("Andy") ­ Schectman has been a prominent figure in the financial services industry for more than 25 years, during which he has served as President and owner of Miles Franklin, Precious Metals.  Before 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 recently eclipsed $5 billion in sales, Andrew has developed an operation that maintains trust, collaboration, ethical behavior, superior customer service, and satisfaction to serve their clients better.  He is responsible for overseeing the firm's operations and business functions, including strategic planning, account management, finance, and new business. Andrew has distinguished himself as a successful entrepreneur, a foremost expert on the precious metals industry, and a reputable speaker on economics, global investing, and foreign currencies. 

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