NZ Everyday Investor Andy Schectman / Gold SCREAMING Currency Reset, Ep 467
Apr 27, 2025
Andy Schectman, Co-founder and CEO of Miles Franklin, dives into the explosive rise of gold prices, now hitting $3,500 an ounce. He explains the surge driven by central bank demands and global uncertainty. Discussion turns to the workings of COMEX and LBMA, and the implications of central bank reclassification. Andy sheds light on BRICS' CBDC developments and risks of ETFs versus physical gold ownership. He boldly predicts gold could soar above $6,000 by 2026, making a compelling case for why gold remains a preferred safe haven over Bitcoin.
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Central Banks Are Quietly Accumulating Gold
- Central banks began massively buying and repatriating gold after 2017, driven by BIS reclassification and strategic motives.
- This large-scale buying by the most informed institutions is a primary driver of gold's recent surge.
Gold Revaluation Could Unlock Liquidity
- Gold on many central bank balance sheets is still valued at historic Bretton Woods prices, creating revaluation potential.
- Revaluing gold could free large amounts of liquidity and reshape national balance sheets.
Backing Money With Gold Is Numerically Plausible
- Dividing reported US gold holdings into M1 suggests theoretical valuations far above market price.
- This arithmetic highlights how gold could underpin monetary backing if policymakers choose to reintroduce it.
