This Is MIND-BLOWING! Something Huge Is Happening to Gold & Silver Prices Soon - Andy Schectman

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This Is MIND-BLOWING! Something Huge Is Happening to Gold & Silver Prices Soon - Andy Schectman

Investors looking beyond red-hot equities could consider buying silver, which could outperform various asset classes over the next 12 to 15 months. Wealth advisors, however, recommend buying the metal only on dips or making staggered purchases after the recent price run-up.
Andy Schectman is the CEO of Miles Franklin, with a strong background in the financial industry. Based on fundamentals, Andy Schectman observes a global trend toward prioritizing physical commodities over fiat currencies. He highlights India's substantial silver imports and the recent agreement with the UAE, emphasizing that countries are increasingly draining Western exchanges to accumulate physical assets. India's imports of gold and silver from the UAE had jumped 210% in 2023-24 to 10.7 billion dollars. Total silver imports stood at 5.4 billion dollars. Schectman notes that India cut gold and silver import taxes from 15% to 6% to reduce black market activity and make these metals more affordable.
Highlighting a fundamental economic reality, Schectman states ongoing price suppression by major banks, particularly due to the metal's use in the military-industrial complex, but believes that global accumulation by countries like India and China will eventually shift market dynamics. JPMorgan Chase's involvement in the silver market has long been contentious. Over the past decade, the bank has admitted to five felonies and paid over a billion dollars in fines for various offenses, including a 920 million dollars fine for manipulating the precious metals markets. Despite the bank's public denials, suspicions persist that JPMorgan is manipulating silver prices.
Meanwhile, Schectman asserts that sophisticated financial players like central banks and sovereign wealth funds are amassing precious metals. Consequently, despite current price suppression, gold and silver will retain their purchasing power and become crucial financial assets as the world moves away from the US dollar.
During the interview, Andy Schectman mentioned that major banks likely struggle with silver deliveries, as seen with dwindling stockpiles and their activities at the Shanghai Metals Exchange. He predicts that sovereign nations like China and India will continue to drive demand for precious metals, leading to significant price increases. Republican presidential candidate Donald Trump's potential victory is only part of the strong bull case for gold heading into 2025, while lower silver prices are helping attract renewed interest from ETF investors even as Indian demand falters, according to precious metals analysts at Heraeus.
Despite limited public influence, Schectman noted that those holding gold and silver will benefit as the US dollar weakens.

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*<I KNOW NOTHING ABOUT TRADING/ INVESTING AND I'M KEEN ON GETTING STARTED . WHAT ARE SOME STRATEGIES TO GET STARTED WITH ?*

haguwbaj
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I don't trust paper currency, but I do trust gold. Every thing that back by lie will always fall! Thank you so mach for your insight, and GOD bless you!

bno
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I have learnt a lot concerning crypto progress this time and will like to join in . I wish I can get a good mentorship❤

Susanthompsons
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What's mind-blowing is Andy's willingness to continue to make himself a joke by making these wild predictions.

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