Andy Schectman Reveals Shocking Gold & Silver Drainage from Exchanges

by | Aug 23, 2023 | Fidelity IRA

Andy Schectman Reveals Shocking Gold & Silver Drainage from Exchanges




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WOW! They Are Draining The Exchanges For Gold & Silver – Andy Schectman
Gold and silver have long been considered as safe havens for investors during times of economic uncertainty. Recently, there has been a surge in demand for these precious metals, leading to significant supply constraints and draining the exchanges of gold and silver. In this article, we will delve deeper into this trend and understand its implications.

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Andy Schectman, the president of a leading precious metals dealer, has shed light on the drastic increase in demand for gold and silver in the market. According to him, investors are flocking to these metals as a means to protect their wealth amidst economic turmoil. The uncertainty caused by the ongoing pandemic, geopolitical tensions, and inflationary pressures has fueled the demand for these safe-haven assets.

As a result, the exchanges that facilitate the trading of gold and silver are experiencing a drain in their inventories. Schectman explains that this shortage is happening not only in the physical market but also in the financial markets, where paper contracts for gold and silver are traded.

The draining of the exchanges implies that the supply of gold and silver is struggling to keep up with the surging demand. This situation has resulted in delays in fulfilling orders and has caused premiums to rise significantly. In some cases, dealers are even running out of stock, making it more difficult for individual investors to acquire these precious metals.

While this trend may be worrying for some, it underlies the importance of diversifying investment portfolios. Gold and silver have historically proven their worth during times of economic turmoil. They act as a hedge against inflation, currency devaluation, and stock market volatility.

Investors seeking to protect their wealth are turning to physical gold and silver as a tangible asset that retains its value over time. The draining of the exchanges indicates that the markets are recognizing this value and responding accordingly.

Schectman suggests that this increased demand for gold and silver may be a signal of a broader shift in global sentiment. As the economy continues to face challenges, investors are becoming more skeptical of traditional investments and are seeking refuge in assets that have stood the test of time.

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The rise in demand for gold and silver also highlights the importance of owning physical metals rather than relying solely on paper contracts or ETFs. Physical ownership ensures that investors have direct control over their assets, mitigating the risks associated with counterparty failures and market disruptions.

In conclusion, the draining of exchanges for gold and silver is a testament to the growing demand for these precious metals as a means of wealth protection. With economic uncertainty prevailing, investors are recognizing the value of tangible assets that have a track record of retaining their worth. This trend emphasizes the need for diversification and owning physical gold and silver to navigate the challenges ahead.

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