Andy Schectman: Gold's Back Over $2,500 As Money Starts Going Back Into ETFs

Andy Schectman: Gold's Back Over $2,500 As Money Starts Going Back Into ETFs

Despite several abrupt recent selloffs, the gold price is back above $2,500 as its stunning year continues.

Although perhaps what's even more amazing is that gold is above $2,500, and the Fed's rate cuts still haven't even begun yet.

However we're continuing to see signs of institutional money starting to return to gold and silver ahead of what the whole world believes the Fed is about to start doing.

So Andy Schectman joins me for his weekly gold and silver report, to cover the latest in premiums, precious metals news, and also the stunning revelation of something you won't be able to believe the US government was actually considering.

To find out more, click to watch the video now!

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Today’s show is brought to you with the support of Miles Franklin Precious Metals, who we encourage you to consider on your next precious metals purchase or sale!

Take advantage of this week’s Miles Franklin specials!
Back Date Silver Austrian Philharmonics 1 oz $3.10 over spot per ounce
Back Date Gold Krugerrand 1 oz $60 over spot per ounce
Back Date Platinum Maple Leaf 1 oz $80.00 over spot per ounce

Contact us now at:
833-326-4653

Arcadia is a licensed Miles Franklin broker, and we're happy to help with any of your precious metals questions, or put you in touch with Chris Marcus.

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[rogerburn]

Andy Schectman is the Very Best always Brilliant information I see Andy I press LIKE LIKE 👍👍👍👍👍

[Kseniaramesh]

It’s got me thinking about whether I should be shifting some of my investments.

[ryantourney]

I've been stacking for years...glad I did.

[SirAlford]

The only path to iron out the National Debt is to revalue gold.

[melindaxbc]

Great interview, as it always is with Andy.

[jeffee]

Andy, please never sell everything to a whale. You made your business successful selling to the common man. When the time comes that whales are knocking you will still have plenty of business with us common clued in folk.

[johnmckenney]

Great session fellas. Thanks for the content.

[bowenkelly]

Nice scenario for metals, but I see it playing out a little different, first of all I think that central banks and countries are waiting for one big event to happen and that would be a worldwide crash in banks and the stock markets where everything goes down in price including gold and silver and I also predict that this events will happen after the next US federal election which is slated for Nov 5/ 2024. I also see Gold hitting a bottom of 1500.00 and silver to go down to 15.00 per oz. When this happens It remains to be seen if bitcoin will succeed. If a central bank of one of the major economies decides to start accumulating bitcoin, then I think that will be a major inflection point...I've engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....At the heart of this evolution is Francine Duguay, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment.

[Spirit-FilledMindset]

Yeah, the $1 trillion platinum coin makes no sense. There isn't enough platinum in the world at the price it is right now to make a coin that big to equal $1 trillion. Also, if you peg $1 trillion to one oz, that means everyone who has an oz, now is a trillionaire. They essentially break the economy instantly.

[FreeSpeechAll]

I would take a $1T dollar platinum coin over a $100T dollar Zimbabwe note. 😉

[terrymarshall]

Now the truth comes out ..no wonder silver is going to the moon. Minnesotan he's been under water 💦.

[allantoepfer]

Since the 2nd world war America has military stationed in Japan and Germany, which allows them to exert major influence over them today.

[Tom-muzy]

How can you back money with gold when the government needs NEW out of thin air money every day?

[jjpac]

When was gold over $2500? Do you have your own chart?

[Mark-hnbm]

Chris spot on with your comment about Donald Dumbsfeld. Only the 2.3 trillion that went “unaccounted “ for where the scud missile, I mean plane hit the pentagon and went through 8 concrete walls and happened to “disappear “ the paper trail was later upgraded to something like 6 trillion.

[KenMazel]

Wish I could have taken advantage of the last dip opportunity but didn’t have the cake.

[roberthutchison]

My take on Andy is he's trying to help as many people as he can. I know he sells metal for currency BUT what do you think he does with his profits? He buys metal for his future so he is walking his talk. Just my take on it. Peace.

[darinthesecularspiritualist]

Anybody care to mention our mint is not making eagles

[sdrc]

What if China were to dump $40B of bonds, use the money to buy gold then resell the gold for prophet after the inflation? Is that possible?

[waynewilcox]

To give that $1T platinum coin added credibility, they should put Mike Perry's likeness on it.