Hellow guys, Welcome to my website, and you are watching Gold & Silver Buyers Must Need To Hear This Message! Gold & Silver Could Skyrocket? - Andy Schectman. and this vIdeo is uploaded by Money Sense at 2024-07-01T13:00:29-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | Gold & Silver Buyers Must Need To Hear This Message! Gold & Silver Could Skyrocket? - Andy Schectman |
| Video Uploader | Video From Money Sense |
| Upload Date | This Video Uploaded At 01-07-2024 20:00:29 |
| Video Discription | Gold & Silver Buyers Must Need To Hear This Message! Gold & Silver Could Skyrocket? - Andy Schectman Gold's range and Silver's trend both remain in place and may offer reliable set-ups for the third quarter. Friday's close marks the end of the second quarter, and the precious metal has notched a new all-time record quarterly closing price for the third consecutive quarter. The yellow metal is ending the week around 2,336 dollars an ounce, up more than 5% from the end of the first quarter. With over 25 years in the financial services industry, Andy Schectman is a leading expert specializing in precious metals. From Andy Schectman's viewpoint, central banks acknowledge gold as genuine money. He anticipates that precious metals prices will surpass current expectations due to distortions caused by banks. Based on his observation, Schectman states that while a strong dollar typically pressures gold prices downward, central banks' ongoing gold accumulation suggests prioritizing its stability over other assets despite positive real yields being disregarded due to perceived higher inflation. This year, amidst the US dollar's 5% rise against major currencies, gold has still managed an 11% increase. Despite the theory that higher rates should deter gold investment, Schectman mentions that gold has outperformed most assets since 2000. He predicts this trend will continue as central banks accumulate gold, ignoring conventional economic relationships. Central banks have been gobbling up gold, and based on responses to the World Gold Council's 2024 Central Bank Gold Reserves Survey, their appetites for the yellow metal aren't going to be satisfied any time soon. While shifting his perspective, Schectman highlights the stark contrast between soaring stock indices driven by large firms and the Russell 2000, which paints a bleaker picture of broader economic struggles amid mounting concerns over escalating national debt. Regarding central banks, Schectman explains that they are reducing their dollar holdings and accumulating gold, now their second-largest asset. As per Schectman, the US's growing debt and the risk of treasury inflation make treasuries less attractive, further eroding the dollar's reserve status. China and Hong Kong whittled their combined holdings from over 1.4 trillion dollars in 2012-2017 to 992 billion dollars. During the capital-flight panic in 2016, China's holdings of Treasury securities fell sharply as it tried to prop up the RMB. It increased its holdings again, but never all the way back to the prior level, and holdings have declined from then on. Furthermore, Schectman predicts that gradual de-dollarization will lead to a sudden shift. Significant actions by countries like Saudi Arabia, such as turning down the G7 invitation, joining Project mBridge, and not renewing their petro deal, indicate an accelerating de-dollarization process. The shift will rapidly intensify once most countries move away from the dollar. Follow on X: https://twitter.com/MoneySense_Off "Welcome to our channel dedicated to gold and silver investing! In this video, we provide expert insights and analysis on the latest trends in the gold and silver market. Discover strategies for investing in precious metals, including gold and silver bullion, coins, and jewelry. Stay updated with real-time price updates and market news, and learn how to diversify your portfolio with gold and silver. Whether you're a beginner or an experienced investor, our channel offers valuable tips and guidance to navigate the world of precious metals. Subscribe now for in-depth analysis, historical data, market forecasts, and more. Join our community of gold and silver enthusiasts and unlock the potential of these timeless assets. #GoldAndSilverInvesting #PreciousMetalsChannel #InvestingTips" We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news. We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video! #gold #goldpriceprediction #andyschectman |
| Category | Howto & Style |
| Tags | #Gold | #Silver | #Dollar | #Investing | #PreciousMetals | #FinancialMarket | #Economy | #Currency | #WealthPreservation | #InflationHedge | #SafeHaven | #MarketAnalysis | #PortfolioDiversification | #MonetarySystem | #FinancialProtection | #GlobalEconomy | #Commodities | #AssetProtection | #Money | #FiatCurrency | #MoneySense | #AndySchectman |
