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Gold is Wealth, Not an Investment: Insight from Andy Schectman on the Impending Recession in the US


Andy Schectman, president and chief executive officer of Miles Franklin Precious Metals, joins Small Caps to discuss various topics on the macro economy. Mr Schectman shares his thoughts on the debt ceiling in the United States, how Central Bank Digital Currencies (CBDCs) could lead to the end of banks, how gold preserves your wealth, the rise of BRICS and rumours of Australia joining, how the US could lose the world's reserve currency status, and more... Miles Franklin: ----------------------- Small Caps is the world's largest financial platform for information and news on publicly traded small cap companies. ----------------------- WEBSITES Australia: Canada: US: UK: Germany: China: PODCAST SOCIAL MEDIA Facebook: Twitter: LinkedIn: NEWSLETTER ...(read more)


BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
Andy Schectman is the president and founder of Miles Franklin, a well-known precious metals dealer with over 30 years of experience handling gold and silver. With his vast knowledge and expertise in the industry, Schectman has predicted that the United States is headed for a recession and has strongly suggested that gold should be considered as wealth, not just an investment. In an interview with Kitco News, Schectman stated that the current economic environment is deteriorating, creating a strong possibility of a recession looming in the near future. He pointed out that the Federal Reserve has been pumping more than $100 billion a day into the repo market, which signifies underlying problems within the financial system. He also explained that the trade war with China has created uncertainty and ambiguity and that the recent yield curve inversion reinforces the possibility of an upcoming recession. According to Schectman, the individuals who understand this economic outlook are turning to gold as a safe and reliable store of wealth to protect themselves from the potential financial turmoil. He notes that, unlike stocks and bonds, gold is not reliant on the economy; it is a finite, tangible asset. Essentially, gold is not an investment, but rather a form of wealth preservation – it has intrinsic value and can be utilized directly if necessary. Schectman urges individuals to view gold as both a form of wealth preservation and a way to diversify their investment portfolio. He explains that the historical patterns of the US economy are cyclical, with recessions occurring periodically. Gold, on the other hand, has consistently maintained its value throughout history and is considered a long-term investment that can withstand market volatility. In conclusion, Andy Schectman's insight into the current economic situation provides valuable information for individuals searching for safe and reliable ways to protect themselves from a potential recession. His advice to view gold not as an investment but as a form of wealth preservation is thought-provoking and provides an alternate perspective than the traditional approach toward investing. Ultimately, gold has proven to be a timeless asset that should be considered as a viable option in any diversified portfolio. https://inflationprotection.org/gold-is-wealth-not-an-investment-insight-from-andy-schectman-on-the-impending-recession-in-the-us/?feed_id=105568&_unique_id=6481a5fab8386 #Inflation #Retirement #GoldIRA #Wealth #Investing #andyschectman #cbdc #debt #economy #Gold #milesfranklin #preciousmetals #recession #silver #RecessionNews #andyschectman #cbdc #debt #economy #Gold #milesfranklin #preciousmetals #recession #silver
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