Precious Metals, Inflation, Shifts in the Economy, What Does it All Mean? - Andy Schectman #5284

<p><strong>Summary:</strong><br /> Andy Schectman and I sit down to discuss the precious metals, inflation, and some of the recent shifts in the economy that have left people wondering what’s in store for us as a nation. It seems that transitory, in regard to inflation, has taken on a whole new meaning. We are not going to see inflation disappear eventually; rather, it is most likely structural, and will continue to increase. Furthermore, we look to the precious metals as a way to maintain a sense of privacy in a world where it seems to be dissipating—gold and silver seem to be the only dependable way to secure your wealth.</p> <p><strong>Highlights:</strong><br /> -The precious metal markets have not been behaving well—silver is under pressure right now<br /> -Many things that are vitally important are not spoken about in the media; there’s a lack of honest reporting<br /> -What does transitory even mean in light of the current inflation?<br /> -The shift in inflation could be structural, and continue to increase<br /> -The Chinese are on the path to taking over the reign of the economic powerhouse; wealth is moving eastward<br /> -Our infrastructure bill will probably not even go towards infrastructure<br /> -China is building relationships and assets that will allow them to transition<br /> -The biggest thing in the tax bill is the proposal to monitor all gross in-flows and out0flows of money above $600 on all platforms (Venmo, PayPal, etc)<br /> -Precious metals give a sense of privacy in a world where privacy seems to be dissipating<br /> -The biggest problem will ultimately be people not being able to source anything<br /> -There will most likely be higher premiums on gold and silver<br /> -In regard to the supply chain, there are shortages of everything<br /> -Keeping interest rates low is the only option<br /> -You don’t buy gold and silver to get wealthy; it is wealth</p> <p><strong>Useful Links:</strong><br /> <a href="https://www.financialsurvivalnetwork.com" target="_blank" rel="noopener">Financial Su