Aug 29, 2022
Summary:
Inflation continues unabated in the US and abroad with no signs of
it coming under control, and this is very prominent in the gold
market. The owner/President of Miles Franklin Precious Metals, Andy
Schectman, comes on the show to give his perspective regarding what
is next for gold in light of increasing rates and fluctuating
currency. We’re entering a system dominated by commodities, and
this has many implications for the future of gold and the
economy.
Highlights:
-Gold took a bit of a hit, and inflation is going up
-The ideal of every nation is being able to print as much money as
needed while keeping inflation down; this inevitably requires
dishonesty
-Politicians always choose inflation over austerity
-GDP has contracted two quarters in a row, and if it weren’t for
the lying statistics, the numbers would look a lot different
-The relationship between the supply/demand of the East and West is
breaking down
-We’re entering a system dominated by commodities
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