Oct 4, 2021
Summary:
Andy Schectman and I sit down to discuss the precious metals,
inflation, and some of the recent shifts in the economy that have
left people wondering what’s in store for us as a nation. It seems
that transitory, in regard to inflation, has taken on a whole new
meaning. We are not going to see inflation disappear eventually;
rather, it is most likely structural, and will continue to
increase. Furthermore, we look to the precious metals as a way to
maintain a sense of privacy in a world where it seems to be
dissipating—gold and silver seem to be the only dependable way to
secure your wealth.
Highlights:
-The precious metal markets have not been behaving well—silver is
under pressure right now
-Many things that are vitally important are not spoken about in the
media; there’s a lack of honest reporting
-What does transitory even mean in light of the current
inflation?
-The shift in inflation could be structural, and continue to
increase
-The Chinese are on the path to taking over the reign of the
economic powerhouse; wealth is moving eastward
-Our infrastructure bill will probably not even go towards
infrastructure
-China is building relationships and assets that will allow them to
transition
-The biggest thing in the tax bill is the proposal to monitor all
gross in-flows and out0flows of money above $600 on all platforms
(Venmo, PayPal, etc)
-Precious metals give a sense of privacy in a world where privacy
seems to be dissipating
-The biggest problem will ultimately be people not being able to
source anything
-There will most likely be higher premiums on gold and silver
-In regard to the supply chain, there are shortages of
everything
-Keeping interest rates low is the only option
-You don’t buy gold and silver to get wealthy; it is wealth
Useful Links:
Financial Survival Network
Miles Franklin