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REVEALED: Best Investment During Inflation
This Is What's ACTUALLY Happening With Silver - Andy Schectman Silver has been making headlines recently, with prices soaring to new heights. Investors and analysts are closely watching the precious metal, and many are wondering what is driving this surge and what the future holds for silver. Andy Schectman, the president of Miles Franklin, a leading precious metals dealer, provides valuable insights into the current situation and where silver is headed. According to Schectman, there are several key factors driving the surge in silver prices. One of the most significant drivers is the increasing demand for physical silver. Investors worldwide are flocking to the metal as a safe haven asset, hedging against economic uncertainty and inflation. COVID-19 has disrupted supply chains and led to a shortage of physical silver, further fueling the demand. Moreover, the proliferation of silver-backed exchange-traded funds (ETFs) has amplified investors' appetite for the metal. These ETFs allow individuals to invest in silver without worrying about storage and logistics. This has made it easier for investors to participate in the silver market, contributing to the growing demand. Additionally, Schectman points out the significant role played by the WallStreetBets subreddit in the recent silver price surge. The subreddit gained significant attention earlier this year for its involvement in the GameStop stock frenzy. Members of the community started discussing silver as an undervalued asset, stating that a large-scale move into silver could cause a short squeeze and drive prices higher. While the impact of this social media-driven movement on silver prices remains debatable, it certainly added fuel to the fire. Schectman believes that while the short squeeze narrative may not have panned out as expected, the silver market will continue to see bullish trends for several reasons. First, he states that silver is tremendously undervalued compared to gold and other precious metals. Historically, the gold-to-silver ratio has averaged around 60:1, meaning it took 60 ounces of silver to buy one ounce of gold. Currently, the ratio is around 70:1, highlighting the potential for silver prices to catch up. Furthermore, Schectman emphasizes that silver has significant industrial uses, making it an essential component of various technologies, including solar panels, electric vehicles, and electronics. As the world continues to shift towards renewable energy and new technologies, the demand for silver is expected to rise drastically, further driving up prices. In terms of the future of silver, Schectman remains optimistic. He suggests that silver could potentially see astronomical gains in the long run, reaching levels that may seem unimaginable currently. However, he also cautions that there may be short-term volatility and pullbacks along the way, as is typical with any market. In conclusion, silver is undoubtedly in the spotlight, driven by increasing demand, economic uncertainty, and the involvement of social media platforms. While the short squeeze narrative might not have played out as anticipated, the long-term prospects for silver remain positive due to its undervaluation and growing industrial demand. As always, investors should exercise caution and conduct thorough research before making any investment decisions. https://inflationprotection.org/the-real-story-of-silver-insights-from-andy-schectman/?feed_id=109201&_unique_id=649078bed5216 #Inflation #Retirement #GoldIRA #Wealth #Investing #401ksilverirarollover #bestirasilver #convertingiratosilver #goldira #goldiracompanies #silverira #silveriratransfer #SilverIRA #401ksilverirarollover #bestirasilver #convertingiratosilver #goldira #goldiracompanies #silverira #silveriratransfer
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