500% Increase in SILVER Demand! Your Gold & Silver is About to Become "Priceless" - Andy Schectman

Fundamentally, the rising industrial demand, particularly from the photovoltaic industry, combined with the physical demand from China and India, is exerting immense pressure on the limited supply. Consequently, gold and silver prices are now being dictated by the Chinese market, as Chinese investors in Shanghai still pay a premium of nearly 2% for physical gold. As silver gains strength as a safe haven asset and technical indicators signal bullish momentum, it becomes a strategic asset class for portfolio diversification.
With deep experience in the financial services sector, Andy Schectman notes that nearly 600 million ounces of silver have been purchased in the past two and a half years. Schectman believes this indicates a shift towards valuing commodities over currency and is part of a broader economic transition, often referred to as Bretton Woods 3. He further predicts a rapid and dramatic rise in silver prices once its true value emerges, surprising those misled by prolonged price suppression.
Regarding recent trends, Schectman suggests that large-scale gold and silver purchases and repatriation of gold from the Bank of England reflect growing distrust in Western financial institutions. Recently, the Reserve Bank of India has transferred 100 tonnes of gold from its vaults in the UK to its domestic vaults in India. Till the end of March 2024, the RBI's gold price reserve holds around 822.1 tonnes of gold, which is marked as more than in previous years. Among this, 413.8 tonnes were held overseas, particularly with the Bank of England and the Bank for International Settlements. This recent transfer is part of a broader initiative to repatriate and secure these assets domestically.
Despite being not a new phenomenon, he notes an escalating trend where countries increasingly prefer gold and silver over treasuries. He anticipates this signifies a broader move away from the Western financial system, reflecting a deepening distrust in its stability. While it is very clear that the People's Bank of China is reducing its US Treasury holdings to be less dependent on the US dollar and less susceptible to potential sanctions, the data of foreign US Treasury holdings does not show a broader-based shift out of the dollar.
During the interview, Andy Schectman warned against devaluing the US currency to address its massive debt, citing the potential erosion of confidence in the dollar. Government debt that has swelled nearly 50% since the early days of the Covid pandemic is generating elevated levels of worry both on Wall Street and in Washington. The federal IOU is now 34.5 trillion dollars, about 11 trillion dollars higher than in March 2020. Schectman's warning highlights the delicate balance between fiscal responsibility, currency stability, and the enduring value of gold as a hedge against financial uncertainty.
Moving forward, Schectman opposes closely tying the Federal Reserve to the government and suggests abolishing the Fed altogether due to concerns about currency depreciation and potential risks to monetary policy under different leadership.

Follow on X: [ Ссылка ]

"Welcome to our channel dedicated to gold and silver investing! In this video, we provide expert insights and analysis on the latest trends in the gold and silver market. Discover strategies for investing in precious metals, including gold and silver bullion, coins, and jewelry. Stay updated with real-time price updates and market news, and learn how to diversify your portfolio with gold and silver. Whether you're a beginner or an experienced investor, our channel offers valuable tips and guidance to navigate the world of precious metals.

Subscribe now for in-depth analysis, historical data, market forecasts, and more. Join our community of gold and silver enthusiasts and unlock the potential of these timeless assets. #GoldAndSilverInvesting #PreciousMetalsChannel #InvestingTips"

We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news.

We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video!

#gold #goldpriceprediction #andyschectman

свернуть