The World Is Suddenly Desperate For Physical Gold & Silver | Andy Schectman

**Andy Schectman** (0:00)
In a very, very, very long career, 35 years, I've never even seen anything remotely close to what we see happening in the gold market. And it started in November, right around Trump winning the election, where the United States, for the very first time, has become a net importer, at least that I can remember, a net importer of gold and silver. Look, the amount of gold that's coming into the country right now, Adam, is unlike anything, anyone has ever seen before. We saw the largest delivery in the history of the Comex market in February.

**Adam Taggart** (0:42)
Welcome to Thoughtful Money. I'm its founder and your host, Adam Taggart. Gold has experienced a major upwards repricing in recent years. It's up nearly $1,000 an ounce over the past two years, and in just the past year alone, it's up 35%, handily outperforming the S&P's return of just 13%.
Now, some say gold is quite overbought after this big run, but others say it's just getting started, and that far higher prices lie ahead due to the ongoing loss of purchasing power of the US dollars and other world fiat currencies. Well, which is more likely? For a Boots on the Ground report on all things gold, we welcome Andy Schectman to the program for the first time. Andy is the CEO and co-founder of Miles Franklin, a full-service precious metals broker with the mission to educate the masses on the benefits and principles of sound money and to deliver fair pricing. It's got an A-plus rating from the Better Business Bureau. Now, Andy reports that amidst the current wild action in the gold market, he's seeing some developments that he's never witnessed before in his decades-long career. Andy, thanks so much for joining us today.

**Andy Schectman** (1:49)
It's an honor to be here, Adam. Thank you for having me, sir.

**Adam Taggart** (1:52)
Hey, it's a real pleasure. This is something that I think was way too long in coming, but I'm glad we're rectifying that, getting on the program. There's a ton of interest in gold and precious metals right now, given how the metals have been on this big run that I just described. So we're going to talk about all of that real quick before I do two announcements. One, folks, I've been mentioning for a long time that I had this old primer that I had written on just helping folks understand the options, the different options out there for buying and storing gold and silver, everything from physical bullion that you hold in your hand that you have remotely stored to paper gold instruments to mining companies and the leverage that you get from that. So I finally updated that primer and it's available to everybody for free if you just go to thoughtfulmoney.com/gold.
So if you're interested in learning about the pros and cons of all that, that's where you should go. Perhaps equally, if not even more important than that, for people that have been contacting me and saying, Hey, I'm kind of behind the eight ball. I'd like to start building my exposure to gold or, hey, I've got a little bit, but I really want to start going bigger here. Where should I be looking to buy my gold or store my gold? I have spent much of the past year looking at a lot of the different solutions that are out there in the market, talking to a lot of different players and have finally picked a player that Thoughtful Money will officially endorse, and that is Miles Franklin, Andy's firm. Near the end of this video, we'll tell folks all about everything that Andy and Miles Franklin does, why we specifically picked their firm, and of course, if you're interested in actually buying some product, how you can actually do that from them and get treated extraordinarily well. So anyways, Andy, thanks so much for A, coming on, but B, for this hopefully beautiful new partnership that we're starting.

**Andy Schectman** (3:49)
It's a true honor. Seriously, Adam, it's a true honor. I've been following you for a long time and I can't thank you enough for the trust, and we won't let you down, I can promise you that.

**Adam Taggart** (4:00)
All right. Well, look, folks, I would go deeper into Andy's CV and qualifications on why he's a gold expert, but honestly, the most effective way to do that is just to let him show you. So Andy, let's just roll up our sleeves and dive in. I ask that it's an honor to me that you watch this channel, so you're probably familiar with my opening question to most guests. I'm going to tweak it for you. What's your current assessment of the precious metals market?