Andy Schectman: Exchanges Are Bleeding Silver; There's Not Enough For Everyone
Liberty and Finance, Released on 10/25/22
The LBMA and COMEX silver inventories are at or near all-time lows. Andy Schectman, CEO & president of Miles Franklin, explains how on the exchanges there are many more claims for silver than there are the actual physical bars immediately available. But investors are requesting physical delivery, bleeding inventories on the major exchanges. On the retail level, supply is being drained as well, and there is no end in sight.
0:00 Intro2:37 Energy crisis19:18 LMBA & COMEX24:58 Retail premiums30:09 Silver price38:00 Weekly special
Andy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals. Prior to 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 eclipsed $5 billion in sales, Andrew has developed an operation that maintains trust, collaboration, and ethical behavior, superior customer service and satisfaction to better serve their clients. He is responsible for overseeing the firm's operations and business functions; including strategy and planning, account management, finance, and new business.
Andy Schectman: Exchanges Are Bleeding Silver; There's Not Enough For Everyone added by Herman James on 10/25/2022View all posts by Herman James ?+'