Andy Schectman, David Lin and Greg Mannarino Wednesday 7-12-2023
It Would Be 'Really Foolish' to Underestimate Gold-Backed BRICS Currency: Andy Schectman
Commodity Culture: 7-12-2023
CEO of Miles Franklin Precious Metals Andy Schectman discusses the progress that the BRICS nations have made with their move towards a gold-backed currency, and what that means for the geopolitical landscape and the gold price in the years ahead.
Andy also provides an update on what he's seeing in regards to the global supply of gold and silver, along with notable inventory drawdowns on the COMEX.
00:00 Introduction
00:41 Continued Growth of BRICS
04:27 How Realistic is the BRICS Currency?
12:17 Central Bank Gold Buying Accelerates
16:31 COMEX Gold & Silver Inventories
21:44 AI Mania in the Stock Market
25:28 Gold-Backed CBDC
Economic Collapse: ‘All Banks To Fail’, Fed’s Powell To Resign | Peter Schiff & David Hay
David Lin: 7-10-2023
Peter Schiff, Chief Market Strategist of Euro Pacific Asset Management joins David Hay, Co-CIO of Evergreen Gavekal to discuss their macroeconomic outlook, as well as risks and opportunities to investors.
0:00 - Intro
0:40 - Stock market
5:27 - "Major economic contraction"
9:40 - Banks are "insolvent"
14:00 - "Echo Bubble"
16:28 - Fed's Powell to resign?
19:00 - Inflation expectations
24:00 - Triple digit oil
25:45 - Labor market
30:00 - Emerging markets
35:00 - Budget deficits
36:00 - Market complacency
42:00 - Bitcoin
52:00 - Alternative to the U.S. Dollar
SHocKeR! INFLATION CONTINUES TO RISE! US DOLLAR CRATERS! 10YR YIELD FALLS! MMRI DROPS!
Greg Mannarino: 7-12-2023