Episode summary
Is The Bottom Now In For Gold & Silver Prices? | Andy Schectman
Thoughtful Money
· · 1 hr 15 min · Guests: Andy Schectman
Summary
Andy Schectman argued that gold and silver may be near a bottom, but he did not treat the recent weakness as a sign that the long-term bull case is broken. He pointed to massive COMEX deliveries, heavy central bank buying, and record Chinese imports as evidence that the physical market is still absorbing metal even while prices fall. In his view, that divergence suggests the price is being distorted by paper trading rather than reflecting true demand.
He tied the precious-metals story to a broader shift in global payments and settlement. Schectman said Hong Kong, China, and BRICS-linked systems are building interoperable rails, vaults, and tokenized gold settlement that could eventually use gold as a cross-border settlement asset. He argued that if the West has been suppressing prices through paper leverage and rehypothecation, the motive may be to accumulate metal quietly before a more direct price-discovery regime emerges.
Schectman also said the U.S. may be buying gold indirectly through proxies, and he suggested gold’s reclassification as a critical mineral reinforces its national-security role. On the election, he said the Democratic wave and the prospect of more deficit spending are bullish for gold and bearish for the dollar. He closed by arguing that dollar-cost averaging remains sensible for individuals, and that holders with losses may have a legal tax-swap strategy worth discussing with a CPA.
Key takeaways
- Schectman said COMEX deliveries and sovereign accumulation show physical demand is outrunning the paper price signal.
- He argued that Hong Kong, BRICS, and China are building interoperable settlement rails that could eventually use gold for same-day cross-border settlement.
- He said the recent price weakness may reflect paper leverage and short positioning more than true lack of demand.
- Schectman said dollar-cost averaging makes sense for private investors while prices remain depressed.
- He argued that more fiscal spending after the election would likely be bullish for gold and bearish for the dollar.
Notable quotes
“I think ultimately the price goes much much higher”
“gold will be the settlement system they will use gold to settle imbalances”
“the COMX market is is massively rehypothecated”
“I think one of the things that that I'm certainly concerned about as well is the hack with Binance”
How the episode opens
And we should be live. Welcome to Thoughtful Money. I'm Thoughtful Money founder and your host, Adam Tagert. Welcome you here for one of our regular checkups on all things gold and silver and precious metals related with the CEO and co-founder of Miles Franklin. Of course, I'm talking about Andy Shechman. Andy, how you doing?
I'm good, Adam. How are you, my man? Thanks for having me. — Uh, thank you. Well, always wonderful having you on, buddy. Um, thanks for coming on earlier in the day after an election night. I don't know if you were like me, but I was up pretty late looking at the results and everything coming in. So, thanks for coming. I know you just jumped off another uh
Another podcast to be here, which is why we're starting like two minutes late. So, thank you so much for taking the time. — Yeah, I'm glad to be here. I'm sorry I was late.
No, no, not at all. Okay. So, I am um as I tell you every time, Andy, uh I've got to name these uh live streams before we we actually do them.
Um but this one I think maybe I did aptly name given the timing. So, uh the title of it is um is the bottom now in for gold and silver prices? And I know bottom calling is tough.
It's a dangerous game. Um but uh gold has been trending down pretty much all year. Um but certainly over the past two months.
I mean almost on a daily and a day for day basis. Um but I'm going to try to share my screen here real quickly. And um let me see if I can share these charts with folks.
Um gold um hit a new all-time low for the year a couple of days ago.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- gold price bottom
- silver price capitulation
- comex deliveries
- central bank china buying
- algorithmic trading price control
Companies and tickers mentioned
- CME
- CME Group
- Binance
- Polymarket
- Tether
- Miles Franklin
- Thoughtful Money LLC
Watch the episode
Watch “Is The Bottom Now In For Gold & Silver Prices? | Andy Schectman” on YouTube
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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Thoughtful Money, this episode and its artwork belong to Adam Taggart | Thoughtful Money. Octagon is not affiliated with the show; this page is an independent summary.
