Gold & Silver Demand Could Reach Record Highs in 2024 – Andy Schectman

by | Jan 22, 2024 | Gold IRA | 4 comments

Gold & Silver Demand Could Reach Record Highs in 2024 – Andy Schectman




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THIS IS CRAZY! The Demand for Gold & Silver Could Hit New Highs in 2024 – Andy Schectman

The demand for precious metals such as gold and silver has been on the rise in recent years, and according to Andy Schectman, president of Miles Franklin, a leading precious metals dealer, the demand could hit new highs in 2024.

In an interview with CNBC, Schectman explained that the increasing demand for gold and silver is being driven by a number of factors, including geopolitical tensions, inflation fears, and the continued uncertainty surrounding the global economy.

According to Schectman, one of the main reasons for the increased demand for gold and silver is the current geopolitical tensions, particularly between the United States and China. These tensions have led to a decrease in confidence in the U.S. dollar, leading investors to turn to gold and silver as safe-haven assets.

In addition, the threat of inflation has also contributed to the growing demand for precious metals. With central banks around the world pumping trillions of dollars into their respective economies in response to the COVID-19 pandemic, many investors are concerned about the potential for inflationary pressures in the years ahead. As a result, they are turning to gold and silver as a hedge against inflation.

Furthermore, the ongoing uncertainty surrounding the global economy has also fueled the demand for precious metals. With the COVID-19 pandemic still impacting economies around the world, many investors are seeking out assets that can provide them with financial security and stability.

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Schectman also pointed out that the increased demand for gold and silver is being driven by institutional investors, as well as retail investors. With more and more institutional investors allocating a portion of their portfolios to precious metals, the demand for gold and silver is expected to continue to grow.

As a result, Schectman believes that the demand for gold and silver could hit new highs in 2024. This could lead to higher prices for these precious metals, making them an attractive investment opportunity for those looking to protect their wealth and hedge against economic uncertainty.

In conclusion, the demand for gold and silver is on the rise and is expected to continue growing in the years ahead. With geopolitical tensions, inflation fears, and ongoing economic uncertainty driving demand, the outlook for precious metals looks bright. As Andy Schectman noted, the demand for gold and silver could hit new highs in 2024, making them an attractive investment opportunity for those seeking financial security and stability.

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4 Comments

  1. @Joshuamorris256

    I have old stackers telling me not to buy anything over spot. They say your loosing buying anything over spot. I believe them but I can't even find silver at spot. Except S.D. buillion gives you 5 oz for spot for a one time.

  2. @Joshuamorris256

    How can I get a good deal on your website? I am poor and live hand to mouth with three children. I want some precious metals but I can't buy at a loss.

  3. @livinthedream7714

    BS
    Dealers are swamped with product
    Distributors are blocked with product
    Premiums are low
    People are broke, and selling

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