- Miles Franklin
Silver is rallying amid Reddit posts about a short squeeze. This parallels what happened to GameStop last week. President of Miles Franklin Andy Schectman says the fundamental reason to own precious metals is for wealth protection; precious metals should not be seen as a get rich quick scheme. Are precious metals manipulated by naked short selling or spoofing? Learn more about the debate: https://www.youtube.com/playlist?list…
Andy is concerned about product availability going into the future with precious metal retailers strained with extremely high demand. He continues to stock as much product as possible for clients. Also, what is happening to the stock market? The Fed says it will continue to create $120 billion per month and now the Dow is below 30,000. Andy explains the seeming disconnect between fundamentals and stock market movements.