Banks Expecting A Silver Price Explosion? | Andy Schectman

[ozcopper]

Outcomes of the BRICS meeting, including announcement of the inclusion of Saudi Arabia and Iran, signal further dedollarization, says Andy Schectman, CEO and president of Miles Franklin. At the same time, banks are going net-long silver and massive amounts of silver is being transferred into the registered category. If the silver leaves the COMEX ecosystem, that is extremely bullish, Schectman says.

INTERVIEW TIMELINE:
0:00 Intro
3:30 BRICS+ update
18:00 Silver drawdown
29:10 Taking delivery
31:50 Weekly special
34:30 Storing metals
42:39 Miles Franklin

 

[STKR]

Damn! That's a worthwhile interview to watch.

Understanding the fragility of the financial system, along with the introduction of Bail-in laws, is one of the reasons I chose to dive deep into PM's.