The financial markets re-opened on Tuesday following the Labor Day Holiday in the US, and #gold and #silver were down in response to a rally in the dollar index. Which leaves silver flat on the year, while gold is $100 higher.
So in today’s show, in addition to getting an update on the silver premiums over the past week, Andy Schectman of Miles Franklin talks about the storage of precious metals and examines the saying ‘if you don’t hold it, you don’t own it.’ A phrase that’s commonly repeated in the precious metals world, and does hold merit, yet comes with its own set of risks.
Andy also shares his thoughts on the recent BRICS meeting, which did not include the announcement of a gold-backed settlement currency, yet did at some new members to the group. Members include some oil and resource-rich nations, who have also expressed their concerns with the dollar infrastructure that’s currently used.
To find out more, click to watch this video now!