“Physical Demand Will Completely Overwhelm Supply” And How Silver Could Wind up Over $270
The comments below are an edited and abridged synopsis of an article by Quoth The Raven
This is Part 1 of a two-part interview with Andy Schectman, president and owner of Miles Franklin Precious Metals, a company that has done more than $5 billion in sales. Andy is a world-renowned expert in the field of precious metals and took the time to answer some pressing questions the author had about the possibility of a real silver squeeze, the precious metals market, the Fed, and the future of money worldwide.
The questions: Is a silver squeeze possible given the massive size of the silver market? In layman’s terms, how could it happen? Having been in the business for decades, where would Schectman pin the true price of silver and gold right now? Does Schectman think China would consider backing the digital yuan with gold? What would the ramifications be for the price of metals and the FX markets?