The World Is Selling Bonds & Buying Gold | Andy Schectman

The World Is Selling Bonds & Buying Gold | Andy Schectman

Liberty and Finance:  1-10-2024

Countries and investors around the world are buying gold, says Andy Schectman, CEO & president of Miles Franklin.

 He believes they are preparing for a collapse of the Dollar-based financial system. He also discusses the risks in the banking system.

 A decline in the value of commercial real-estate could lead to bank failures. Bail-ins are a real possibility, he says.

And if bail-ins are implemented, they would lead to a mad rush by depositors out of the banking system.

INTERVIEW TIMELINE:

0:00 Intro

1:35 Gold’s performance

16:00 Fed's confidence

 24:05 The Great Taking

https://www.youtube.com/watch?v=LyWcpmqvmog

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