Andy makes a very compelling case for past market manipulation by large banks like JP Morgan. He sees a perfect storm coming soon, one where there will be no safe haven assets except precious metals. Bonds no longer have real returns when you consider inflation and are guaranteed to lose money.
Time Stamp References:0:35 - Gold/Silver Ratio and Silver Buying Opportunity3:45 - Trading the ratios and future predictions.8:45 - Gold is now a tier-one banking asset.10:15 - Central Banks in 2018 are buying gold.12:30 - JP Morgan derivative manipulation.22:40 - Big players, banks, hedge funds all stockpiling gold.32:20 - Crazy premiums during Q2 and going higher again now.33:30 - Massive demand during shortfalls in mint production.34:20 - 2020 - The great wake up call.
Tom welcomes a new guest to the show Andy Schectman of Miles Franklin. Andy makes a very compelling case for past market manipulation by large banks like JP Morgan. He sees a perfect storm coming soon, one where there will be no safe haven assets except precious metals. Bonds no longer have real returns when you consider inflation and are guaranteed to lose money.
He dives into the gold-silver ratio, the flailing dollar, and the lack of precious metal supply. Many investors are increasingly nervous about inflation and are taking physical possession of their metals from exchanges. Gold and silver are real wealth, and today is a once in a generation buying opportunity.
In a depression, gold and silver perform best because they are the only asset class that is not someone else's liability. Today there is massive counterparty risk throughout the system.
Andy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals.