Physical Gold & Silver Demand Like Never Before | Andy Schectman

In this week’s Liberty and Finance market update, Andy Schectman, CEO of Miles Franklin Precious Metals, warned that growing deception and misinformation in the marketplace are confusing investors at a time of historic physical demand for real metal. Schectman emphasized that authentic silver and gold coins are selling far above spot, with all major distributors paying over $6 per ounce wholesale premiums for Silver Eagles — making any offer “below spot” on eBay or social media “flat-out impossible and dangerously misleading.” He said such counterfeit and imitation products are spreading as investors seek refuge in tangible wealth, adding that the strength of current demand for genuine precious metals reflects deep public distrust of financial institutions and paper assets. Schectman stressed that Miles Franklin’s 36-year record, licensing, and bonding through the State of Minnesota set it apart from unregulated sellers — a critical safeguard “in an age of deception.” He concluded that the explosion in both fake coins and fake information underscores why investors must “trust their gut, verify sources, and hold the real thing,” since in today’s environment, “nothing replaces authenticity — especially in gold and silver.”
.
INTERVIEW TIMELINE:
0:00 Intro
1:30 Avoiding scams
15:00 AI fakes
24:55 Banking system troubles
35:11 Pre-33 gold grading
42:00 Market updates
47:30 Weekly specials

Source: https://www.youtube.com/watch?v=zt-4g7rlxxY&t=415s