Andy Schectman: Global Reset, BRICS, De-Dollarization and the Potential of Bitcoin
Mar 29, 2024
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Andy Schectman, President of Miles Franklin, discusses the potential global reset, BRICS, de-dollarization, and Bitcoin. Topics include sovereign debt solutions, the rise of BRICS, suppressing precious metal prices, and the U.S. dollar's status. Is the West getting 'pick-pocketed' in commodities markets?
Central banks are increasing gold reserves, signaling a shift in asset diversification.
Silver's unique value lies in its demand for military and industrial applications.
Financial struggles can lead to a loss of hope, emphasizing the importance of diversified investments.
Deep dives
Andy Sheckman Shares the Story Behind Founding Miles Franklin Precious Metals and the Importance of Gold and Silver as Wealth
Andy Sheckman, president of Miles Franklin Precious Metals, shares the story of starting the company with his father, emphasizing the importance of gold and silver as wealth rather than just investments. Sheckman highlights the rule his father set for him to buy gold or silver every two weeks, showcasing the long-standing commitment to precious metals. He explains how gold and silver have maintained their value through historical events and crises, stressing their role in preserving wealth for generations.
Insights on the Breakout of Gold and Silver in the Current Macro Environment and Central Banks' Accumulation
Sheckman discusses the steady appreciation of gold over the years and highlights the significance of central banks reclassifying gold as a tier one reserve asset. He points out the trend of central banks repatriating and accumulating gold, indicating a shift towards asset diversification and removal of counterparty risks. Sheckman also addresses the ongoing accumulation of gold by central banks, suggesting a positive outlook for gold's future value.
The Case for Silver as an Undervalued Asset with Exciting Potential and Geopolitical Insights
Sheckman delves into the unique value proposition of silver, highlighting its asymmetrical risk-reward profile and its historical price relationship with gold. He explains the increasing demand for silver in various applications, including military and industrial sectors, along with its depleting nature. Sheckman also sheds light on geopolitical dynamics and the potential implications of countries shifting away from the dollar towards alternative reserve currencies, exemplifying a broader trend towards diversification.
The Impact of Economic Challenges on Society
The podcast episode delves into the impact of economic challenges on society, highlighting how rising prices and financial barriers are affecting the working class. Topics like the unattainability of the American dream, the dwindling middle class, and the resulting disillusionment among young individuals are discussed. The narrative explores how financial struggles can lead to a loss of hope and motivation, steering people towards alternative sources of fulfillment like experiences and distractions.
Navigating Financial Uncertainties with Diversification
The episode emphasizes the importance of diversification in the face of financial uncertainty, advocating for a balanced approach towards investments. It explores the significance of owning different assets such as gold, silver, and Bitcoin as a means of safeguarding against economic volatility. The conversation touches on the benefits of both traditional assets like gold and the emerging digital currency realm represented by Bitcoin, stressing the need to be prepared for various possible financial scenarios.
Are Silver and Gold prices being suppressed by West to the benefit of the East?
The U.S. dollar's death by "a thousand cuts"
The rise of BRICS and central banks buying gold
The potential of a financial 'reset'
Commodities markets getting cornered and the West getting "pick-pocketed"
What is the solution to all this sovereign debt?
Will U.S. remain the global reserve currency?
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Andy Schectman is President and Owner of Miles Franklin, a company that specializes in precious metals.. Under his expertise and leadership, Miles Franklin has surpassed $10 billion in sales and is recognized for maintaining trust, collaboration, and ethical behavior, along with providing superior customer service and satisfaction to better serve their clients. To invest in gold, silver and precious metals from Miles Franklin, email info@milesfranklin.com and mention Natalie sent you. Or call 952-929-7006 and mention Natalie.
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