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In 'Live from the Vault,' Maguire and Schectman ponder a new currency system
7:04p ET Friday, April 14, 2023
Dear Friend of GATA and Gold (and Silver):
Kinesis Money's "Live from the Vault" program this week is a discussion between London metals trader Andrew Maguire and Andrew Schectman of coin and bullion dealer Miles Franklin Precious Metals.
Schectman reports that retail demand for gold and silver exploded after the recent U.S. bank failures and that while demand long had been heaviest in silver, demand lately has shifted to gold. He recommends purchase of smaller coin units for their greater liquidity and flexibility in spending.
Weaponization of the U.S. dollar, Schectman notes, is uniting much of the world against the West and causing many nations to move out of the dollar. Meanwhile, he adds, central banks around the world are rapidlty adding to their gold reserves, indicating that some new international currency system arrangements will heavily involve gold.
Schectman wonders if the looming destruction of the dollar is meant as U.S. policy.
People should acquire the monetary metals, Schectman says, not to try to get rich but to protect themselves against the risk of currency destruction and the insolvency of banks.
Schectman and Maguire praise the work of GATA and silver market analyst Ted Butler for alerting the world to the longstanding suppression of monetary metals prices.
The program is an hour long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=xnHxRF937Rg
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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