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Silver Price Falls As Trump Wins, What's Next? | Andy Schectman
In this interview with Andy Schectman, CEO of Miles Franklin Precious Metals, he provides insights into the current state of the bullion market and the broader economic landscape following the November 2024 U.S. elections. He explores how political shifts, particularly a Republican-controlled Congress, could impact gold and silver markets, which have seen price fluctuations in recent days. Despite potential short-term market reactions, Andy stresses that the underlying fiscal issues, including growing national debt and inflation, continue to drive long-term demand for precious metals. He also discusses the challenges of addressing the U.S. government's fiscal irresponsibility, noting the difficulty of reigning in spending amidst soaring debt levels. Overall, Andy emphasizes the need for strategic financial preparations, while expressing cautious optimism about a potential cultural shift toward more conservative values.
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INTERVIEW TIMELINE:
0:00 Intro
1:00 Trump's win & metals
16:40 Change in government
23:35 Gold & silver buying opportunity?
25:18 Cultural change
32:30 Weekly specials
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