Are Central Banks Hoarding Gold Before Dollar Collapse? with Andy Schectman
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Interview Recorded - 4th of January, 2023On todays episode of the WTFinance Podcast I had the pleasure of speaking with Andy Schectman, President of Miles Franklin Precious Metals Investments. During our conversation we spoke about why banks are hoarding gold, whether the US world hegemony could end, how this could lead to Bretton Woods 3.0 with BRICS and whether LME is running out of physical commodities. I hope you enjoy!0:00 - Introduction0:25 - Why are Central Banks buying gold?5:30 - What made the Dollar the world currency?14:27 - Bretton Woods 3.0 with BRICS?16:55 - What is a Tier 1 asset and what does it mean?22:30 - Reinvesting Dollars into the economy25:55 - Rare metals OPEC?30:55 - Has the US world hegemony ended?32:50 - How can individuals protect their wealth during this collapse?41:10 - London Metals Exchange running out of commodities?45:20 - One message to take away from our interview?Prior to starting Miles Franklin, Ltd. in 1989, Andrew became a Licensed Financial Planner, specializing in Swiss Franc Investments and alternative investments. At Miles Franklin Ltd., a company that has eclipsed $5 billion in sales, Andrew has developed an operation that maintains trust, collaboration, and ethical behavior, superior customer service and satisfaction to better serve their clients. He is responsible for overseeing the firm’s operations and business functions; including strategy and planning, account management, finance, and new business.Andy Schectman Website - https://www.milesfranklin.com/Twitter - https://twitter.com/milesfranklincoLinkedIn - https://www.linkedin.com/in/andy-schectman-0895854/WTFinance - Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas