Andy Schectman Urges: Silver IRAs Will Prevail as Silver Prices Skyrocket!

by | Apr 12, 2023 | Rollover IRA | 1 comment

Andy Schectman Urges: Silver IRAs Will Prevail as Silver Prices Skyrocket!




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Silver has long been known as one of the most precious metals in the world. It is a valuable asset that has been a store of wealth for centuries. Recently, Andy Schectman, President of Miles Franklin, a precious metals dealer, has shared his thoughts on the future of silver prices in the world market. He believes that silver prices will explode, and silver IRAs will win big.

According to Schectman, the current global economic conditions are ideal for silver investment. The global economy is currently experiencing unprecedented levels of debt, with governments and central banks printing more money than ever before. This has led to a situation where traditional investments like stocks, bonds and currencies are losing value, which is causing people to look for alternative investments to protect their wealth.

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Silver, as a tangible asset, provides a hedge against inflation and currency devaluation. It is also used in various industries, including technology, medicine, and solar energy. This means that there is always a demand for silver, which creates a stable market for the metal.

Schectman believes that the current situation in the silver market is extremely bullish. He notes that there is a massive supply deficit in the silver market, with demand outstripping supply. This is causing the price of silver to rise steadily, and it is expected to continue for the foreseeable future.

Silver IRAs, which are self-directed individual retirement accounts that are backed by physical silver, are becoming increasingly popular. These IRAs give investors the ability to hold physical silver as part of their portfolio, providing an additional layer of protection against market volatility.

Schectman emphasizes the importance of physical silver as a form of investment. He warns against investing in paper silver, such as exchange-traded funds (ETFs) or futures contracts, as these are simply promises to deliver silver at a future date, rather than actual physical metal.

In conclusion, the current economic conditions make silver an attractive investment. The silver market is ripe for investment, with a massive supply deficit and a strong demand for the metal. Silver IRAs are an excellent way to invest in physical silver, providing an added layer of protection against market volatility. Investors looking for a safe haven for their wealth may need to consider adding silver to their investment portfolio.

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