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Silver Mints Shutting Down; Supply Cliff In Q4 | Andy Schectman
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Many private mints producing silver bullion are unable to produce product or are not taking new orders, says Andy Schectman, CEO & president of Miles Franklin. This comes at a time of incredible demand for retail silver and gold product and a whole generation of investors waking up to the need for physical metal. And on the major exchanges, silver inventories are at record low levels, he says. Silver "is disappearing in ways I've never seen," he says. It is very possible that precious metals may not be available for a period in the future.
Mentioned in this interview:
John Adams interview (link below) on the overall physical silver supply chain, especially starting around the 13:50. Infographic displayed starting at 15:45.
https://www.youtube.com/watch?v=SVsJfX7rifA
0:00 Intro
11:48 Manipulation
17:00 Preparedness
39:45 Weekly special
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