“How Many Ounces Of Silver Are You HOLDING?” – Andy Schectman | Gold Silver Price 2024
Andy Schectman recently discussed the precarious state of the silver and gold markets, highlighting significant issues and opportunities for investors. He emphasized that while market manipulation can occur over short periods, sustained manipulation in a market with strong underlying demand, like silver, is challenging. India has purchased over 500 million ounces of silver in the last three years, while the COMEX has only about 300 million ounces of silver available, with just a fraction of that eligible for delivery. This discrepancy highlights the fragility of the current market and the potential for a dramatic correction.
Schectman explained that the COMEX market, heavily leveraged and reliant on paper contracts, blurs the true reality of silver prices and demand. The leverage is extreme, with multiple claims on the same physical silver, creating a scenario where only one in eighteen contract holders would receive delivery if they all demanded it. This setup could lead to a rush for physical silver, overwhelming the COMEX and revealing the actual market dynamics where supply and demand find true equilibrium.
He pointed out that nations like India are increasingly able to challenge Western market manipulation by coordinating their efforts. This growing trend of massive delivery and exchange for physical silver globally indicates a shift in the market. The continuous accumulation of physical silver by these countries could eventually break the artificial price controls maintained by paper markets, leading to a significant price discovery event.
Schectman also addressed the broader implications of this trend, particularly the role of the military-industrial complex and its interest in suppressing precious metal prices. The persistent global demand for gold and silver, coupled with de-dollarization efforts by various countries, suggests that the manipulation strategies will eventually fail. The growing insatiable demand for these metals, driven by economic and geopolitical factors, is a bad recipe for those trying to hold prices down.
He highlighted the peculiar accounting practices of central banks, which hold gold in accounts specifically labeled for revaluation. This suggests an acknowledgment that gold prices could be significantly adjusted upward to balance liabilities. Historical precedents, like Roosevelt’s gold confiscation and subsequent revaluation in the 1930s, indicate that governments can and have dramatically altered gold prices to address economic challenges.
In conclusion, Andy Schectman’s insights emphasize the critical importance of owning physical gold and silver in today’s economic environment. These metals provide a hedge against market manipulation and economic instability. As global demand continues to rise and supply remains constrained, the value of gold and silver is poised to increase significantly. Investors who recognize this trend and act accordingly can protect and grow their wealth in the face of an uncertain future.
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Credits:
Will China Revalue Gold? Here Are The Signs | Andy Schectman
Liberty and Finance
https://www.youtube.com/@LibertyandFinance/featured
Miles Franklin
https://www.youtube.com/@MilesFranklinCo/videos
Website
https://www.milesfranklin.com
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