Andy Schectman warns about the Terrifying Impact on Silver IRAs and Silver Bullion

by | Jul 25, 2023 | Gold IRA | 8 comments

Andy Schectman warns about the Terrifying Impact on Silver IRAs and Silver Bullion




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LAST WARNING: This Is Terrifying For Silver IRAs & Silver Bullion – Andy Schectman

Silver investors have been put on edge recently as concerns about the economy and inflation continue to grow. With uncertainty surrounding global financial markets, experts are warning that silver IRAs and silver bullion could be in for a terrifying ride.

One person who knows a thing or two about the precious metals market is Andy Schectman, president of Miles Franklin, a precious metals dealer and bullion storage company. Schectman recently issued a “last warning” to silver investors, painting a gloomy picture for the future of silver IRAs and silver bullion.

Schectman points to several factors that have the potential to severely impact the value of silver. First and foremost, he highlights the record levels of debt and money printing happening around the world. Governments have been pumping trillions of dollars into their economies to stimulate growth, which is causing concern about the long-term stability of currencies and the potential for hyperinflation.

As inflation fears continue to rise, more investors are turning to precious metals like silver as a safe haven. This increased demand has helped to push the price of silver higher, but Schectman warns that a financial crisis could quickly change the dynamics. He believes that in times of crisis, investors will be forced to liquidate their silver holdings to cover other losses, causing a temporary collapse in price.

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Schectman also points out that there could be a potential crackdown on precious metals ownership by governments. In times of economic turmoil, governments have been known to restrict or regulate the ownership and trading of precious metals. This could further exacerbate the volatility in the silver market and lead to increased risk for silver IRAs and silver bullion.

Furthermore, the rise of cryptocurrencies poses a threat to silver’s status as a safe-haven asset. Digital currencies like Bitcoin have gained popularity as a hedge against inflation and as an alternative investment option. If more investors flock to cryptocurrencies, it could divert attention and capital away from silver, causing its value to decline.

So, what does this mean for silver investors? Schectman advises caution and diversification. While he remains bullish on silver in the long run, he urges investors to consider other assets like gold, platinum, and even cryptocurrencies as part of a well-rounded investment strategy. By diversifying their portfolios, investors can mitigate the risks associated with the potential downturn in silver.

In conclusion, the outlook for silver IRAs and silver bullion is indeed terrifying, as warned by Andy Schectman. The current global economic climate, inflation concerns, potential government restrictions, and the rise of cryptocurrencies all contribute to the volatility and uncertainty surrounding silver. Silver investors need to be prepared for a bumpy ride and consider alternative investment options to protect their wealth.

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8 Comments

  1. Anna Macko

    Thanks so much for sharing this amazing video, I currently invested in stocks with the help of Bit-Astro. They have been trading for me & has helped me grow my 6 figure portfolio to over 100% up. I can proudly say that I’ve never lost any trade since I started with them.

  2. Cajun stacker

    I wish silver would crash .I need to acquire alot more silver

  3. Charles Gehlen

    Bs, the sky is actually falling not silver

  4. The CIT Channel

    Schectman continues to use selective memory and fearmongering in order to sell his metals. After he sells, he cares not if metals go up or down – he's made HIS money.

  5. LEWIS Boyd

    CEO'S are saying precious metals are flying off the shelves. Last 30 days more silver gold product where sold than in all of previous 12 months. Another said 12,000 new customers in past 30 days. Supply and demand is off the charts with silver shortages.

  6. 3Es

    this is thE exact opposite of your title-cover page. attempting to discredit your self?

  7. Jaques Rabit

    Uhhhhh when is it going to crash? As of now, its at 25.77.

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