Exchanges Close To Running Out Of Silver | Andy Schectman

Precious metals are being drained off of all three major exchanges: LBMA, COMEX, and Shanghai. There is a scramble for physical delivery from the exchanges, says Andy Schectman, CEO & president of Miles Franklin. The bullion banks are "trapped," he argues. The exchanges "are very close to running out of silver," he says. And metals in the East continue to trade at higher prices that in the West. This signals that metals continue to flow East. He discusses the decline of the Western empire and what it signals for the gold and silver going forward.

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INTERVIEW TIMELINE:
0:00 Intro
2:11 Preparedness
6:43 Stay away from scams
12:30 BRICS+
20:28 Department of Defense
22:49 Gold & silver exchanges
30:50 A country in decline
34:55 Weekly specials
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