The Market Is “On The Edge Of A Huge Collapse”
This week I had a chance to interview my friend Andy Schectman, President & 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 I had about the global economic picture, metals and markets in general.
This interview is not an advertisement; I sought out Andy’s opinion because I believe him to be a thought-leader in the space of metals and monetary policy.
Here is my unedited conversation with Andy from this week:
Hi, Andy. First off, what do you make of China shutting itself down again for Covid this recent time. They may be starting to lift restrictions now, but is there any chance they are doing this on purpose and it’s unrelated to Covid, in your opinion?
Well that would certainly add to the price inflation in the west and perhaps force the hand of the Fed a bit faster, but I would like to think they are not that stupid.
You can see the massive unrest and anger from their population being forced to lock down. It seems that the Chinese probably created Covid in the Wuhan lab but I am not sure they deliberately released it.
As you can see, once let out of the bottle, it goes everywhere, even through lockdowns.
Regardless, when do you think China will return to some normalcy?
Normalcy? Not sure we will ever see normalcy as long as the communist party runs the show. However, Covid will burn itself out and the lockdowns will end but it could take months.
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