Andy Schectman: US headed for recession, gold is wealth not an investment

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  • เผยแพร่เมื่อ 30 ก.ย. 2024

ความคิดเห็น • 83

  • @timiilott8883
    @timiilott8883 ปีที่แล้ว +22

    I live in S E Asia and everyone buys gold as wealth storage. Gold is where it's at as migrant workers from say Burma or Laos are unbanked so buy gold to preserve wealth. Totally different to how the west views gold. Great interview I really enjoyed.

    • @livinthedream7714
      @livinthedream7714 ปีที่แล้ว

      Unbanked ?

    • @Andronika
      @Andronika ปีที่แล้ว

      @@livinthedream7714 Banked, and buying gold and silver as wealth storage.

    • @Andronika
      @Andronika ปีที่แล้ว +4

      Chinese Filipino here. I grew up watching my mom buy gold coins and jewelry. She frequented Manila's chinatown with little me in hand. I'm 61 now, and couldn't thank her enough for teaching me the value of holding gold.

    • @Test7017
      @Test7017 ปีที่แล้ว

      ​@@Andronika im trying to teach my family about metal but its hard because theye dont beleive in it or understand it......

  • @livinthedream7714
    @livinthedream7714 ปีที่แล้ว +4

    His dad and uncle started the company

  • @nathanielg2566
    @nathanielg2566 ปีที่แล้ว +12

    You know if the silver symposium were held during the weekday instead of the weekend, the hotels would be half price and we could buy more silver.

  • @tuubbyhubby55555
    @tuubbyhubby55555 ปีที่แล้ว +5

    Great interview

  • @jasons7297
    @jasons7297 ปีที่แล้ว +5

    Sheesh he is the real deal, what a fantastic guest interview

  • @borisperez3129
    @borisperez3129 ปีที่แล้ว +2

    The Canadian finance minister is actively looking for ways to part money savers and their money, look up one of the latest Doug Casey’s take

  • @trevordowney6425
    @trevordowney6425 ปีที่แล้ว +2

    What do you think of John Adams, In The Interest of the People?

  • @borisperez3129
    @borisperez3129 ปีที่แล้ว +2

    Ah worry not, soon as peace made a showing in the Middle East here comes back Uncle Sam into Iraq. The true aggressor is naked as heck even my mother said she regrets her life long patriotism and that’s almost a century. Instead of pulling out of Syria and the 51st state we go balls deep back into Iraq. 😢

  • @RN-2444
    @RN-2444 ปีที่แล้ว +1

    Give more Tax Dollars to Ukraine and don't forget the 10% for the Big Guy!

  • @karlnyman2811
    @karlnyman2811 ปีที่แล้ว +13

    Thanks for having Andy as a guest today👍🏼🥈📈

  • @matthewmushlin13
    @matthewmushlin13 ปีที่แล้ว +4

    Andy is the very best there is and ever was

  • @hzj7920
    @hzj7920 ปีที่แล้ว +3

    Excellent like always Kerry.

  • @longgowhereto
    @longgowhereto ปีที่แล้ว +2

    Andy has the talent to drown me in numbers and infos. Thanks

  • @indivisibleman8596
    @indivisibleman8596 ปีที่แล้ว +4

    Well he is wrong this time. He forgot to watch the news today

    • @Queenwraith
      @Queenwraith ปีที่แล้ว +2

      Yep, think they must have filmed it a few days back

    • @livinthedream7714
      @livinthedream7714 ปีที่แล้ว +4

      Gotta go thru the House and Senate yet

    • @indivisibleman8596
      @indivisibleman8596 ปีที่แล้ว

      @@livinthedream7714 Mcconnel signed off on it, Manchin gets his nat gas pipeline, the Dems will vote for it so all they need is 5 House republican

  • @dustinmiller2775
    @dustinmiller2775 ปีที่แล้ว +2

    That was Ernest Hemingway. 🙂

  • @frankyhonnolus5528
    @frankyhonnolus5528 ปีที่แล้ว +1

    While I believe that all these staggering delivery numbers are true, it’s not unprecedented. We’ve had several data points in the past where central bank demands were so high only to revert later. Therefore I am not alerted no matter how urgent Andy makes the situation look.
    Basically he cried wolf too many times.

  • @jedclampett6466
    @jedclampett6466 ปีที่แล้ว +6

    We are well into a recession and depression is very close upon us.

    • @JOHNBANNON-ib3cj
      @JOHNBANNON-ib3cj ปีที่แล้ว +1

      THATS WHAT I SAY!!!.ALL THE TIME!!!!..............JB/Canada

    • @longgowhereto
      @longgowhereto ปีที่แล้ว

      Who is we? Aussiland? The US? The EU? The world? Look down at JB, he says "Canada" - so the world can understand. So you are a Canadian as well I guess. Then say it.

  • @suewarman9287
    @suewarman9287 ปีที่แล้ว +1

    This is such a long-term plan by the Money Masters that even *I* worked it out a decade ago. Andy is disingenuous when he acts surprised....

  • @Grace-fp8fs
    @Grace-fp8fs ปีที่แล้ว +2

    Love the videos on the macro picture

    • @dustinmiller2775
      @dustinmiller2775 ปีที่แล้ว +1

      Recently he said, "Micro is learning more and more about less and less, until you know everything about nothing!" 😂

  • @h.wayneb3495
    @h.wayneb3495 ปีที่แล้ว +1

    I appreciate your videos, guests with all your knowledge and information being shared. Thank you

  • @brainkill7034
    @brainkill7034 ปีที่แล้ว +1

    Good interview, thanks for sharing!

  • @pavolbiskup9423
    @pavolbiskup9423 ปีที่แล้ว +1

    Thanks for your work, guys 👏👏👏

  • @TommyTCGT
    @TommyTCGT ปีที่แล้ว

    Andy.. if gold is WEALTH, then it is both a hedgers AND an investment.. with math predictions of gold , under PRESENT circumstances, going from 6K, Maguire, to 33K Zang, to 55K Sinclair, much higher others.., then why are you still blabbering that G is NOT an investment??

  • @mikehenry7848
    @mikehenry7848 ปีที่แล้ว

    The US debt cannot be ONLY 32 trillion. There is no way. We spend 1 to 2 trillion every year since 2008. Unfunded liabilities, It is SOOOO much higher than that. This 32 trillion # is absolutely false. Andy!! you know this. Lets talk real numbers, 320 trillion++++++++++ Get real guys.

  • @user-im6fy4qp6m
    @user-im6fy4qp6m ปีที่แล้ว

    no sense in paying off debt, just ignore it and default on it. its not your problem, its the banks problem if you have a $25,000 credit card balance. dont like it? raise my debt ceiling! im done bailing out the banks.

  • @nickelstacking2023
    @nickelstacking2023 ปีที่แล้ว

    right , gold is insurance to preserve wealth ,not an investment. Might be only thing that saves you.

  • @allthingspropheticministry
    @allthingspropheticministry ปีที่แล้ว +10

    Thank you Andy. I love what you are bringing forward.

  • @RootBeerGMT
    @RootBeerGMT ปีที่แล้ว

    Dude was dead ass wrong-they always raise the debt ceiling and we all know there really isn’t a ceiling. It’s joke.

  • @nickelstacking2023
    @nickelstacking2023 ปีที่แล้ว

    Social Security in 5 years ,not 10

  • @paulpugh2480
    @paulpugh2480 ปีที่แล้ว

    Sobering conversation .

  • @scrazee4830
    @scrazee4830 ปีที่แล้ว

    What if Canada joins the Brics?

  • @DavidKirwanirl
    @DavidKirwanirl ปีที่แล้ว

    Loved this thanks folks

  • @Nautical-g3c
    @Nautical-g3c ปีที่แล้ว

    OY VEY

  • @chanelog6969
    @chanelog6969 ปีที่แล้ว

    Andy is my hero 👊🏻💥

  • @mcpopgaming6329
    @mcpopgaming6329 ปีที่แล้ว +3

    Well done Andy, I have learnt alot from you, I'm a mum of three amazing kids in Oz and I pass on your wealth of knowledge down to them. They now know what real money, looks and feels like.

  • @silverruffin3987
    @silverruffin3987 ปีที่แล้ว

    Listening to fundamentals is like listening to Jim Creamer with your money 😂😂😂

  • @glitterhands99
    @glitterhands99 ปีที่แล้ว +4

    Always love an Andy interview, true gentleman. MF is one of the best companies from which I have purchased. Not just 5 stars, they get all the stars :D

  • @M3LTUP
    @M3LTUP ปีที่แล้ว

    Debt Ceiling is resolved. Both sides agreed to keep printing and spending. So we are all saved from the "Major Catastrophe" of less spending. Ceeeellllebrate Good Times....C'mon !!!!

  • @johnbethea4505
    @johnbethea4505 ปีที่แล้ว +1

    Andy always taking about military pensions being high, he must have not been in service. He never talks about the higher spending of the Military Complex. I like Andy but he urks me when talks about us who served, wounded or died for the USA 🇺🇸..I miss my dead war buddies.

    • @SmithsnMoz
      @SmithsnMoz ปีที่แล้ว +2

      I think you're misunderstanding mate?

    • @johnbethea4505
      @johnbethea4505 ปีที่แล้ว +1

      @Smithsnmoz maybe so my friend but we veterans have fought and have served for what little that we get. We fulfilled our part of our contract and benefits shouldn't be even involved in cuts. Have a great life..

    • @SmithsnMoz
      @SmithsnMoz ปีที่แล้ว

      @@johnbethea4505 ... 👌... Keep on..keeping on! 👍

  • @JakesCustomParts
    @JakesCustomParts ปีที่แล้ว

    Awesome interview Andrew !!

  • @justLeito
    @justLeito ปีที่แล้ว

    Wow, this guy is nuts 😂

  • @pilarmartin5051
    @pilarmartin5051 ปีที่แล้ว

    Put gold on your plate when you sre hungry and she how it tastes

    • @shawnsecrest4097
      @shawnsecrest4097 ปีที่แล้ว

      That's dumb if you're preparing with gold and silver you also have food storage it's not like anyone is saying only have gold and silver it's just a means to barter

    • @tslee8236
      @tslee8236 ปีที่แล้ว

      Gold and silver after food, water, shelter, energy, tools and security. Band with like minded community or your neighbour may be your immediate threat!

  • @Queenwraith
    @Queenwraith ปีที่แล้ว +1

    Andy was wrong on this one

    • @livinthedream7714
      @livinthedream7714 ปีที่แล้ว

      Hasn't gone thru House and Senate yet

    • @Queenwraith
      @Queenwraith ปีที่แล้ว +1

      @@livinthedream7714 It will, as always. He was wrong unfortunately

    • @SmithsnMoz
      @SmithsnMoz ปีที่แล้ว

      ​​@@Queenwraith ... keep an eye on the price of metals my friend. He's not wrong at all.

    • @Queenwraith
      @Queenwraith ปีที่แล้ว

      @@SmithsnMoz You’re mistaking my point, he was wrong about the debt ceiling

    • @SmithsnMoz
      @SmithsnMoz ปีที่แล้ว

      @@Queenwraith ... Do you have precious metals? I hope you do for your sake buddy...

  • @100orbust5
    @100orbust5 ปีที่แล้ว +1

    Gold & Silver are both wealth and investment, any asset class which appreciates is defined as an investment, AG/AU does not require US Dollar to decline in order for prices move to higher, there have been many historical cycles with both metals where they have risen IN conjunction to the dollar, consequently to just define Gold as wealth is incredulously wrong.

  • @marshmaz
    @marshmaz ปีที่แล้ว

    GO WOKE GO BROKE W.O.K.E.C.I.D.E display 🌈 go chap.11

  • @ryandixon1102
    @ryandixon1102 ปีที่แล้ว

    Don’t buy from this guy. His premiums are among the highest

    • @SmithsnMoz
      @SmithsnMoz ปีที่แล้ว

      Lies! 👎... I've bought from him before. But by all means, go shopping for best deals.