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"It's GAME OVER When This Happens! Gold & Silver Prices Will Soar" - Andy Schectman

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Published on 01 Jul 2024 / In News and Politics

Rehypothecation is a practice where banks and brokers use assets (such as gold and silver) posted as collateral by their clients to back their own trades and loans. This practice can lead to a situation where the same physical asset (like gold) is pledged to multiple parties, creating obligations that exceed the actual physical supply. This leverage enables larger trading volumes but can distort the true availability of the metal in the real world.

Meanwhile, central banks globally have been aggressively acquiring gold, driving prices to record highs. Over the past 18 months, China alone has accumulated over 300 tonnes of gold valued at $561 billion. According to Andy Schectman, central banks recognize the intrinsic value of gold and often hold it in special accounts like the gold revaluation account. This underscores gold's role as a stable store of value compared to fiat currencies and treasuries, which are susceptible to devaluation.

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Credit: CapitalCosm
πŸ”΄ Gold & Silver Buyers Need To Hear This Message | Andy Schectman
https://www.youtube.com/watch?v=6liQ1YFMhEU

#gold #goldpriceprediction #andyschectman #silver

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MoralitySheriff17
MoralitySheriff17 4 months ago

I just paid to have my car painted with a gold Canadian Maple Leaf and a little cash. Worked out well for both of us. I gave him a $2000 price credit, so he was automatically $300 plus to the good. I bought it for 1300 so I was 700 to the good, plus he has unlimited price growth potential. It really does work as a currency if people are aware of the value.

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