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