Jan 10, 2022
Summary:
It’s important to look at trends in gold and silver to analyze what
is to come and how you can prepare. Here to help us do that is Andy
Schectman, and we discus what could possibly happen in 2022 in
light of the Fed’s decisions to taper and hike rates. 2020 and 2021
were record years for the precious metals as people become
increasingly cautious about leaving their money in the bank and
fully relying on the dollar. It’s critical to consider whether the
Fed will follow through or not with what they have said, and either
way we need to prepare for the outcome; ultimately, buying gold and
silver now is the best move. Tune in for more.
Highlights:
-Schectman is here with us to review what has happened and what is
going to happen in 2022, specifically with gold demand
-Both 2020 and 2021 were record years
-Gold has lately been reserved for the central and commercial
banks, and less for the public
-A lot of people are concerned to leave money in the bank
-The last 24 months have been incredible in terms of demand
-Price is a tool of misdirection; it is used to accumulate gold
-The public is being swayed towards other asset classes, such as
cryptocurrency
-The Fed announced that they were going to start to taper, and the
market thought this would be a short term situation
-People didn’t think the Fed would follow through, and it seems as
if the market was caught off guard
-They discussed 8 rate hikes over the next 2 years
-The market has become addicted to stimulus and money printing
-Some believe that they will cut back completely on their asset
purchases in March or April
-If we see rates rise up to 2%, you could theoretically see houses
drop by 20% or more over the next 2 years
-There has also been much under-reporting with inflation
-It’s hard to determine whether they want to preserve the markets
or the health of the dollar
-In the end, the Fed can’t outwit mathematics or the nature of
things
-There are also record deficits taking place
-How serious is the Fed about following through? This is what needs
to be considered
-Everyone needs to own gold and silver, because the dollar is at
its end stages
-If the Fed follows through with their statements, there will be a
massive awakening, and getting product will be nearly
impossible
-Ultimately, the place to be is in gold; silver is a pathway to
getting more gold
-Those who want to get into gold will be able to increase the
amount of gold they buy if they get into silver right now
-The focus ultimately should be on gold because it’s a tier 1
reserve
-When silver corrects, it will probably overshoot
Useful Links:
Financial Survival Network
Miles Franklin
info@milesfranklin.com (Put ‘Financial Survival Network’ in the
subject line)
Almost Sold-Out of Silver | Andy
Schectman
Andy Schectman: Shortage in Silver
Supply Will Cause Prices to Go Higher