Here's How All The Retail SILVER Disappears | Andy Schectman
The retail precious metal industry right now has low premiums and high inventory. However, this could change on a dime. Amid dedollarization, the US debt crisis, and geopolitical turmoil, retail demand could increase with little notice. Only $1 billion could wipe out the entire inventory of all precious metal dealers, says Andy Schectman, CEO & president of Miles Franklin Precious Metals.
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1 oz Silver Philharmonics @ $3.40 over spot
$20 Gold Liberties XF @ $165.00 over melt
1 oz Platinum Philharmonics @ $105.00 over melt
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INTERVIEW TIMELINE:
0:00 Intro
1:33 Precious metal IRA
14:48 Precious metal inventory
27:25 Dollar update
35:00 Weekly specials
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