Mar 10, 2022
Summary:
Andy Schectman comes on Financial Survival Network to talk about
the impact of the war on the metals market. Price appreciation in
the metals has been a major effect of what is going on—especially
as the dollar continues to lose value. Schectman predicts that the
next war will likely be fought over the US dollar, and we continue
to learn that we can’t put our trust entirely in this currency.
Tune in for more predictions on what’s to come.
Highlights:
-When governments are fighting wars, it’s hard to believe any
perspective
-Platinum has recently gone over $1k/oz—all of this supply is
coming out of Russia
-The price appreciation is an effect of what is going on
-The sanctions in Russia will have an impact on the US
-The US isn’t going to slow down the printing of money any time
soon
-Each war sets the issues and creates the rationale for the next
war
-The next war will likely be fought over the US dollar; Russia and
China are somewhat aligned
-Schectman thinks that the Ukraine situation is going to get a lot
worse before it gets better
-If all of your savings are in dollars, you are destined to go
broke
Useful Links:
Financial Survival Network
Miles Franklin