NZ Everyday Investor Andy Schectman / Gold SCREAMING Currency Reset, Ep 467
11 snips
Apr 27, 2025 
Andy Schectman, Co-founder and CEO of Miles Franklin, dives into the explosive rise of gold prices, now hitting $3,500 an ounce. He explains the surge driven by central bank demands and global uncertainty. Discussion turns to the workings of COMEX and LBMA, and the implications of central bank reclassification. Andy sheds light on BRICS' CBDC developments and risks of ETFs versus physical gold ownership. He boldly predicts gold could soar above $6,000 by 2026, making a compelling case for why gold remains a preferred safe haven over Bitcoin.
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LBMA's Float vs Open Contracts Is Misaligned
- LBMA's stated float is far smaller than open contracts, creating vast leverage in the market.
- Reported settlement delays (T+1 to T+8 weeks) signal real logistical stress and potential defaults.
Paper Markets Mask Physical Shortages
- COMEX sets price while LBMA supplies physical delivery, and both have been structurally distorted by paper selling.
- Naked shorting and rehypothecation suppressed prices until more players started demanding physical delivery.
Standing For Delivery Is Stressing Exchanges
- BRICS and other nations started standing for delivery instead of cash settlement, exposing the paper market's fragility.
- This coordinated physical demand is draining exchange inventories and pressuring settlement systems.
