Milk Road Macro The Dollar System Is Breaking & Gold Is Becoming Money Again w/ Andy Schectman
Dec 2, 2025
In a captivating discussion, Andy Schectman, the President of Miles Franklin Precious Metals, dives into the revival of gold as a monetary asset amid diminishing trust in the dollar. He explores the increasing global demand for physical gold and outlines how BRICS nations are developing a SWIFT-free financial system using gold for settlements. The conversation also touches on the implications of tokenized gold ownership and how revaluing gold could reshape U.S. economic policy. Plus, Andy highlights silver's strategic importance in today's market.
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Gold Returns As A Monetary Anchor
- Gold is being reintegrated into the global financial system as trust in the dollar and Western institutions erodes.
- BRICS and other nations are using gold plus blockchain to create alternative settlement systems outside U.S. treasuries.
Central Banks Are Demanding Physical Gold
- Central banks and sovereign wealth funds are driving physical gold demand and insisting on possession rather than paper claims.
- They distrust treasuries because of sanction risk and monetary inflation, so they prefer non‑liability assets.
Physical Delivery Is The Market's Pressure Point
- Delivery failures and delayed settlement on COMEX and LBMA expose fragility from rehypothecation and paper shorting.
- Sovereigns now 'standing for delivery' changes market dynamics and threatens exchanges that can't deliver physical metal.
