What Happens When The Metals Run Out & Mints Shut Down | Andy Schectman
- Liberty and Finance
We shouldn’t take the availability of gold and silver for granted. Mints have shut down in the past, and they could in the future, says Andy Schectman, President and CEO of Miles Franklin. “There is no bull market like a gold bull market because it’s predicated on fear,” Andy says. “At the same time you see the mints run out of product, you’re not going to see the public rushing out to sell their only form of or first line of protection. In fact, they’re going to hold on to it tighter than ever.” Are gold and silver markets manipulated? It’s debated. Learn more: https://is.gd/gold_manipulation
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0:00 Intro
1:07 Metals smash
5:43 Subsidized pricing
9:20 Selling silver
11:50 What does Andy own?
15:53 Availability constraints
19:41 Weekly Specials
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Market Closing: Indian equities ended lower on Tuesday after four days of gains tracking global markets and amid weakness in metals, banks and financials Indian benchmark indices snapped four days of gaining streak to end with losses tracking weak global markets. Sensex ended at 49,162 points, down 340.60 points, while Nifty settled at 14,850, down 0.6%. HDFC and Kotak Bank were among the biggest laggards. Midcaps and smallcaps were the outperformers today