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This Will Take Down The Paper System | Andy Schectman
Andy Schectman explains that tokenized gold on blockchain could expose the fragile fractional paper gold system and push investors toward fully allocated metal. He says the key is transparency about who holds the gold, how it is audited, and how easily holders can demand delivery. He argues that trust is collapsing in legacy platforms like the COMEX and LBMA, creating an opening for a trustworthy blockchain backed system. He also stresses that people should still keep some physical metal close at hand because digital systems can fail. He ties all of this into the rise of BRICS settlement rails and the new gold anchored unit that he believes will challenge Western financial dominance.
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INTERVIEW TIMELINE:
0:00 Intro
2:25 Tokenized gold
17:45 BRICS gold unit
29:40 Bullion industry
39:00 Weekly specials
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