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LEARN MORE ABOUT: Precious Metals IRAs

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing

REVEALED: Best Investment During Inflation

Andy Schectman, the CEO of Miles Franklin, precious metals dealer, recently issued a stark warning to silver stackers. In a video posted on social media, Schectman urged silver investors to be aware of the dangers of holding physical silver in the current economic climate.

In the video, Schectman emphasized the risks of storing physical silver, especially in light of the recent shortages and disruptions in the supply chain. He pointed out that with the global economy in a state of uncertainty, it is becoming increasingly difficult to access physical silver for investors who want to cash out their holdings. This can lead to delays and difficulties in selling silver at a fair price.

Schectman also warned about the potential for government confiscation of precious metals in times of economic crisis. He highlighted historical instances where governments have seized gold and silver from private citizens during times of war or financial turmoil. He suggested that silver stackers should be prepared for the possibility of their holdings being targeted by government authorities.

Furthermore, Schectman advised silver investors to consider alternative forms of silver ownership, such as electronic or paper silver, as a more convenient and secure option. These forms of silver ownership allow for easier trading and selling, without the need for physical storage or transportation.

Overall, Schectman’s message serves as a wake-up call for silver stackers to reassess their investment strategy and consider the potential risks and challenges associated with holding physical silver. By staying informed and exploring different options for silver ownership, investors can better protect their assets and navigate the uncertainties of the global economy.

In conclusion, Andy Schectman’s ultimate warning to silver stackers underscores the importance of being proactive and vigilant in managing precious metal investments. As the economic landscape continues to evolve, it is crucial for investors to stay informed and adapt their strategies to ensure the security and viability of their silver holdings.