Andy Schectman’s Warning: Silver is Undergoing a Secret Transformation Along with Gold

by | May 26, 2023 | Self Directed IRA | 3 comments

Andy Schectman’s Warning: Silver is Undergoing a Secret Transformation Along with Gold




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Andy Schectman, the president of precious metals dealer Miles Franklin, has sounded the alarm on a “silver squeeze” that is happening right now. In an interview with Greg Hunter of USA Watchdog, Schectman warned that demand for both gold and silver is through the roof, with shortages and delays becoming commonplace.

According to Schectman, the problem lies with the bullion banks, which have been suppressing the price of silver for years through their short sales and paper contracts. But as physical demand rises and supply tightens, the banks are struggling to meet their obligations.

Schectman cited the example of the Perth Mint in Australia, which recently announced that it had sold out of all its silver coins and bars due to unprecedented demand. Meanwhile, he claimed that bullion banks were panicking and trying to source silver from anywhere they could find it.

“The demand for physical silver has never been higher,” Schectman said. “And the urgency with which people are trying to buy it . . . the wholesalers are scrambling. They can’t get enough product.”

Schectman also pointed out that the current gold-to-silver ratio, which measures how many ounces of silver it takes to buy one ounce of gold, was historically high at around 90:1. This means that silver is highly undervalued compared to gold, and Schectman believes that this presents an exceptional buying opportunity for investors looking to diversify.

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But he warned that time was running out, and that the current situation could not last forever. In his view, the supply-demand imbalance would eventually force the price of silver to rise, potentially outpacing gold in percentage terms.

“When the paper price for silver is no longer going to be a true price discovery mechanism, when the paper price becomes irrelevant, it is going to be like trying to drink water from a fire hose,” Schectman said.

Schectman’s warning is just the latest expression of concern about the state of the precious metals market. Several analysts and experts have predicted a surge in gold and silver prices due to factors such as inflation, currency debasement, and geopolitical uncertainty.

However, the problem with the bullion banks and their short selling practices is a unique twist that could have significant implications for the market. If Schectman is correct about the extent of the squeeze, we could see a dramatic shift in the balance of power between physical metal holders and the paper markets.

For investors, the lesson is clear: if you want to protect yourself against economic turmoil and benefit from the potential rise in precious metals prices, now may be the time to act. But as always, it’s important to do your due diligence and work with a reputable dealer who can help you navigate the tricky waters of the precious metals market.

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3 Comments

  1. Karma17

    LOL on the video. It is literal AI you're using?

  2. Michael Doyle

    This is great, when God transfers the wealth to the poor, it will be equally distributed

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