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 hey everyone welcome to bald guy money and I have a very special episode for you all today because I am going to be covering the following topics and you can see those topics here with special guest Andy schechtman CEO of Miles Franklin and we'll be talking about are we really headed towards d dollarization and a dollar collapse is it too late for the USA and the West to fix the ugly situation that we're in right now how much gold is the USA and bricks really holding can we trust the official

data is China manipulating the price of gold to purchase more and finally what can the average person so the person like you watching this video do to prepare and keep their medals safe and we're covering these topics in an effort to become the most trusted source of stacking information on YouTube where ideas are shared challenged and discussed I know it's a long video but it's worth your time especially if you are concerned about what is happening on the market right now stay tuned to the very end where I add

my two cents on the discussion that I had with Andy and if you're not subscribed I kindly ask you to subscribe right now more than half of our viewers are not subscribed and you will want to stay up to date on what I will be talking about on this channel over the next few months to come as cracks in our system become more apparent so without any further Ado here's my discussion with Andy schechtman so here he is Andy schechman welcome to bald guy money I was just saying Andy how much I respect you for coming on here to speak

with me and answer some of the questions that we had discussed since nobody else in the precious metals business would do it you're the first oh man it's an honor to be here you kidding me I I appreciate it you know one of my clients turned me on to you and I've been watching everything you put out ever since and I'm I I'm a fan I'm impressed with what uh what you're talking about and it's an honor and a privilege to be here thank you for having me really appreciate it

well I appreciate that now look I assume most of my viewers know who you are you are kind of famous in the gold and silver community and you've been on a lot of programs lately talking about your prediction or at least what I kind of interpreted as a threat recognition that an new Reserve currency introduced by the bricks could trigger a massive dollar dump thus seriously devaluing the US dollar so before we get into kind of the hard-hitting questions would you please give my viewers an overview as to

what your thesis is on the dollarization I'll try to be as quick as I can but this will take a few minutes anyway at least to lay the foundation I talk about these mile markers of significance that I have witnessed over the years in my career and and and I you know one of the things that's freaking me out is that in 33 years that I've been doing this um I will tell you that almost everything we've talked about as a company has in one form or another come true and it's largely because it's

they're they're rooted these ideas would come up with these thesises we have are rooted in economics mathematics and the sprinkling of old school Logic on top of the ideas and and but never when we thought I mean I've been early as can be I'm the little boy who cries wolf I have been for a long time noting that the wolf does come at the end of the story most of what I've talked about over the last three decades has come true but usually months or years usually after I ever would have thought it would have

happened and let's go back to 2017 and in 2017 we are at the tail end of a six-year downdraft bear Market in gold and silver when it had gone from its all-time high at 50 silver and 1915 gold or thereabouts in 2011 and went South completely South until 2017 and um you know it was a rough time to own a precious metals company then because you you had Bitcoin accentuating you had the stock market doing well and and gold and silver languishing people were selling their medals to to buy Bitcoin and and the central banks

were selling their gold too which at the time didn't make sense to me it does make a little more sense to me now but let's get into it so 2017 rolls along after six years of a downdraft and something happens that that catches my eye and and the German bundest bank there's a there's an article that that floats all over the place in 2017. the bundes bank says Hey we've been trying to get our gold back now for two or three years this is getting ridiculous we want all our gold back and they were

speaking to the New York fed we've been holding their gold for I don't know how long and they said hey send us back our gold we want it back I thought that was interesting because the central banks had been selling their gold well within a few months of that the bank of Austria the bank of turkey the bank of Poland the bank of Hungary the check National Bank the Dutch National Bank all of these Eastern European central banks said the same thing not just to the Federal Reserve but also to the bank

of England give us back our goal let's call this repatriation and this is in 2017 when you know no one was buying gold in fact the central banks were selling gold as we're a good deal and my clients good portion of my clients and you know something's weird here uh 2018 rolls along the following year and those same Banks central banks bought more gold as a group than they did in the previous 60 years combined and so now I'm really watching something like so first the banks repatriated now they're

massively accumulating it and 2019 rolls along the following year and those numbers are up 90 and we hit mile marker number one where the the bank of international settlements reclassifies gold as a high quality liquid asset basically a tier one Reserve asset the only other one in the world next to US Dollars and U.S treasures and it's the ultimate form of collateral that it made sense to me at this point hey the central banks just out of nowhere decide to repatriate their gold and then go on a copious buying spree oh

and it's just coincidence that the bis the central bank or Central Bank in Basel as part of the Basel III Accord decides to reclassify gold two from a tier three asset up to a tier one and a tier three asset is why the banks have been selling their gold we're only 50 percent of its value was calculated on the balance sheet so the young guys that replaced the old gray hairs in the Central Banking sphere would have said what what do we want this crap for it's earning nothing but dust it costs money

to store and it denigrates our balance sheet we could we could uh sell it and buy treasuries U.S treasuries make a return don't have to pay for the storage fees uh it it it it it makes our balance sheet whole it won't denigrate our ability to to sell bonds or transact international business let's get rid of this gold until 2017 things started to change well 2020 rolls around and the those numbers continue to grow and now we see the accentuation of mile marker number two which had started a few years

earlier very quietly but by 2020 it was really game gaining Steam and that was the Chinese Belt Road and rail initiative and even though you are uh speaking uh to your listeners in a way that is informing them in ways that we don't find traditional media I would venture to say there's some people out there who have never heard of it it is the largest infrastructure project in human history and it is connecting Asia Africa uh South America and parts of Europe it's the old Silk Road and

there's about 150 plus countries who have signed up to it including all 13 OPEC producing countries and it is not just connection through Railways and Maritime channels and bridges and roads it's also connecting digital speaking of course to the need for silver in connecting what is in essence North of 60 percent of human population in this endeavor alone and when you add all of the other countries onto it approaching 70 to 75 percent of human population and 45 percent of global GDP before

industrialization and you're talking a massive massive massive project of of which on these roads and bridges and Railways and Maritime channels only military will Patrol it and commerce so it's the Panama Canal on stairwell steroids and very conspicuously missing from this party is the West the United States has nothing to do with it the majority of the contracts on this Belt Road and rail initiative are settling on the new Chinese digital Yuan so you are indoctrinating three-quarters of human

population into a new settlement currency that being the digital Yuan more on that later but the the moral of the story here is that you are connecting a good swath of human population and the U.S is not part of it so we continue to move on and we see uh in 2020 now without getting too deep the commitment of Traders report The comex Exchange publishes a report every every week that shows the positioning of the largest Traders and for all the years I've been watching it on one end you had the commercial Banks and on the other

hand you had What's called the specs or the speculators the hedge funds and it would show the positioning on the comex of the of the largest Traders this is where gold and silver and all the other Commodities are traded and issue a global price and then out of nowhere in 2020 we see the rise of a third group of reportables on the sheet they call the others never seen them before these are believed to be Sovereign wealth funds and family offices the most well-informed and and well-financed private investors in the

world who go on a binge of systematically draining the comics of physical metal where in 2020 they bought more silver than was sold in a decade previously more gold than the bank of Japan holds in their official Holdings so you're dealing with a group of incredibly sophisticated investors that came out of nowhere that start doing what the com the central banks have been doing gobbling up gold and repatriating it pulling it off of The Exchange so where are these Sovereign wealth funds could it be they're outside the United

States absolutely are they in the East absolutely we'll get back to that in a moment but what you take away from that is that on top of the central banks for the last several years leading up to this been draining all of the world's gold and silver physically accumulating it and repatriating it now we see the private investor that I would argue is is very close to the information are they the central Bankers wearing different hats or are they just cued into what's coming so 2021 rolls around

and we see mile marker number three and through all of this we see the central banks continuing to copiously accumulate gold and mile marker number three is the day the United States left Afghanistan and and I know you are originally from Canada but if you were born in the United States I'm 52 years old and in every movie you ever watched every commercial about military or or military uh enlistment or recruiting or any television show anything you saw about military there was one common theme in

that as no one has ever left behind ever and yet that's exactly what we did we left uh service men and women behind and equally as bad the Freedom Fighters The Afghani Freedom Fighters whom we promised we would take with them uh us and we didn't and we left them Behind Enemy Lines we gave their Biometrics to the Taliban and we left in a way that was humiliating in my opinion it was a very sad day for for this country and and with people hanging from the wings of a transport plane as we as we picked

up and and left uh and left billions of dollars worth of our our equipment there in the hands of of the enemy there's no coincidence to the timing of mile marker number three that day Saudi Arabia announces a joint military cooperation agreement with Russia and the next day Nigeria does well he got the biggest and the fourth or fifth or sixth largest OPEC producing countries in the world are now being protected by Russia and most people don't understand what that means so let me elaborate real quick and

that is the dollar at the end of World War II was backed by gold and it it was backed by gold where countries could always exchange their dollars into gold at a fixed rate of 35 an ounce and this was a good deal for all of these countries they had gold sitting on their balance sheet earning nothing collecting dust and so instead they would give it to the U.S which was the engine of prosperity and freedom and growth and and they would give us their gold and we would pay them 35 an ounce for it they would

take that 35 go give it back to us and buy treasuries so now they're making a return on their gold and after all they could always exchange their dollars and get their gold back at any time this is a good deal for us it built our infrastructure by the financing of our treasury market and and they got a return on a non-interest bearing asset and this was the case until until 1971 when many of the the countries around the world in particular uh de Gaulle from France decided to call in uh their

gold and started sending ships back to New York Harbor filled with dollars and Nixon was left with the Dilemma should I or should I not close the gold window if I don't they're going to drain everything and he did we went back on our promise and so in 1971 the dollar was backed by nothing three years later an agreement was reached between Saudi Arabia and the United States and by extension OPEC said hey we got your back gonna protect you let's call it joint military cooperation agreement no one's

ever going to mess with you but for that you will denominate oil globally in dollars okay they say so for the past 50 years the U.S has been protecting Saudi Arabia and for that privilege OPEC has denominated oil globally in dollars and ninety percent of all oil sales for the last 50 years have been in dollars it made sense the world had had dollars leading up to this as the world Reserve currency and now as the Petro dollar everyone's got it let's do it it works and that is what has created a synthetic

demand for the last five decades that is the demand that countries have to have dollars to buy oil period then we decide to weaponize the dollar in 2022 the coup de gras as far as I'm concerned the question is was it intended or well intended are leaders that moronic to think that it wouldn't have unintended consequences when the the world Reserve currency administrator says well you can use it but you can't now the rest rest of the world says well look what they did in in Iraq they destroyed that

country never found weapons of mass destruction look what they did to Libya and and and and and that's not hypocritical yet yet you know what Russia does protecting their own borders against Ukraine I'm not debating any of this I'm not saying anyone's right or wrong I'm just simply saying this is the way the world looks at it as hypocritical and yet we can say to them and it's not our job to say who can and can't use the world reserved currency that's for World opinion but you say you

we can't use your money in fact the European Union just confiscated the assets of Russia that they sanctioned to use to rebuild the Ukraine when you do that you have created an incentive for all of the world to say goodbye I need to find a back door because if we end up on the wrong side of the U.S they're going to do it to us too do you think there's any coincidence that you're seeing China shed bonds the way that they are and and and and all of these countries dumping U.S treasuries the way

that we are so mile marker number four would be the weaponizing of the dollar and you know when Klaus Schwab came out and said there'll be a great reset I thought he was crazy but think about this you create an environment where over the last four years more money was created in this country than in the history of the United States before it you keep interest rates suppress asset prices go to the Moon you you see a growing chorus of countries moving against the west and then you ignite the fuse by weaponizing the dollar and

freaking everyone out Saudi Arabia what does Saudi Arabia decide to do oh yeah they're being protected by Russia that's right but now they say we have formally applied to the brics Nations holy crap they applied to the bricks and then what did they say in Davos three four weeks ago we're open to taking other currencies for oil so here's how the great reset happens and I hope to God I'm wrong you get Saudi Arabia standing on a stage with XI Jing and Putin and the rest of the 13 OPEC producing

countries on the Belt roads and says Thanks for the Memories guys it's been cool appreciate it but now we are joining the rest of our OPEC brothers and sisters on the Belt Road the Shanghai cooperation organization and the bricks these groups together approach 90 of human population that are not going green and we are we are destroyed destroying saudi's way of life by going green in all of this mass of humanity is not and they say Thanks for the Memories and they dump dollars because they say we're taking other

currencies now then I would say to you when that happens and the dollars come flooding home because you don't need to own dollars any longer to buy oil and you can use a myriad of other choices maybe it's the rupee or the ruble or the Petro Yuan Bond or gold or maybe it's one of these others that I just mentioned bang the dollar dumps flood of them a flood a tsunami of dollars comes rushing home to the shores of the United States creating massive inflation hyperinflation way more than what fed

chairman Powell is or isn't doing with this putsy footing of 50 basis points or 25 basis points well under the rate of inflation still creating a negative real return on our treasuries and that creates hyperinflation inter interest rates go to the Moon to compensate for the crashing dollar and everything in this country that makes people feel rich collapses stocks bonds real estate and the dollar it is the great reset so I ask you before we continue our conversation is there any coincidence

that the central banks of the world bought more gold last year than at any time since 1967 when the dollar was backed by gold and the second most in history is there any coincidence that in the month of January this year the numbers from December to January for Central Bank purchases is up almost 200 percent month over month is there any coincidence when a country like turkey our Ally who has formally applied to Bricks bought more gold than anyone in the world last year and again in January bought more gold than any Central Bank

in the world you can see this is happening so what is my thesis my thesis is that we have we have squandered the good graces of our foreign creditors and the the privilege of being the world Reserve currency the world is tired of it the weaponizing of the dollar is the question that I have was it intended did they know that we're too far down the road with a country that is 130 or 40 trillion in debt a 31 trillion dollar national debt on top of Social Security which just came out in the 2022 balance

sheet 76 trillion underfunded 76 trillion a trillion seconds ago brother was 31 688 years ago and that's on top of Medicare and Medicaid and government military pensions we're broke we're insolvent a country we're giving 114 billion dollars to the Ukraine is okay including giving pensions to their government when there's a 1.75 trillion dollar pension shortfall in this country we are destroying our credibility the good graces of of our foreign creditors and you know what there is no

coincidence in my mind and what is it a coincidence or was it intended did they realize that we're too far down the road and either they fall on the sword and admit to horrible monetary policy and horrible decisions or do they blame Xi Jinping OPEC Putin and the rest of the brics countries who ruined our way of life those bastards how could they do this to us and point to a a a a um a culprit of it all and I don't know the answer to that question is it intended are they that stupid to think

by doing this there wouldn't be a backlash all right I'm gonna take a breath now and I'm gonna listen to what you have to say but that is the theory man and it's happening and it's it's going faster and faster and faster and faster and more countries are coming together and I don't know man let's have let's let's let's have a discussion I'd love to hear your thoughts yeah well look Andy I I don't believe in coincidences and I've been saying on the

channel for a while look at what the smart money is doing so I think it's a fascinating and important thesis and I really think it's important that people like you are identifying these very real threats in order to properly prepare for them as much as we could ever count on anybody in government to properly prepare for anything but before we get into the nitty-gritty the the preparation topic I really want to discuss with you uh the first question I want to ask you Andy is if the bricks

follow through with this why should anyone trust the bricks will successfully and transparently Implement a commodity-backed currency who will verify it is actually backed up by what they say it is if you're gonna make it work I think you have the distributed Ledger technology showing the immutability and the veracity of which each country pledged no question about it and this is why the central banks like turkey have gone on a massive buying spree because they did just apply to Bricks formally

so maybe they have it held in a Swiss Vault or in Dubai on the exchange or wherever it may be and have independent Auditors just like they have independent nuclear Auditors go in and and validate and verify what's going on in Iran why couldn't they do it at a Central Bank in in a in a vault and say HIPAA it's all here and what I see on the on the Ledger for the whole world to see is here if you do it right this is their one shot if they do it right they will supplant the US dollar as a solo World Reserve

currency as Zoltan pozar the the repo Market expert from the New York fed who's now a credit Swiss and understands the plumbing of the financial system better than anyone he says we have entered a system called Breton Woods three one that is dominated by transparency not an opaque system as you mentioned and commodities not dead instruments so if you want to make it work roll out a new Central Bank digital currency with the distributed ledger to show the veracity and immutability of what every country pledged to give them

equal footing at the table and do it right find some independent Auditors the the big three or whatever you want to do in vitamin once a quarter and you count everything that's there and say yeah it's real it's here and if you do that and have a transparent system one that speaks of mutual beneficial relationships um and and transparency it'll work and so I don't know what their plans are for that but I will tell you to me that would be the genius of rolling out a cbdc one that is pegged to commodities

for the whole world to see and do it right and let people uh uh examine it and and you know show the veracity of it and it's a home run okay Hood the Bricks by doing this trigger a reaction from the West that preempts their efforts to establish an alternative Reserve currency if yes Andy I'd like to know what it is you think they could do yeah so I was asked that question I I did an interview with um Michelle McCrory from Kitco in Vancouver and before we started the interview she said listen I I agree with

a lot of what you're saying but but for the sake of argument I'm gonna push back I had no idea what she was going to ask me and she asked me that question and luckily I had just read an article that was published by the international monetary fund remember they were formulated at Bretton Woods 150 countries plus from around the world who said we want a new Bretton Woods well there the article that they just published is something to the extent of gold as an international reserve a barbarous relic no more

so you got the IMF coming out and saying hey gold is not a barbarous relic anymore it's an international Reserve hmm so the U.S who has veto power at the IMF they have like 17 share whatever it is how hard would it be for them to roll out preemptively their own gold-backed digital currency through the IMF which you know special drawing rights if you want to call it that or whatever it may be a western currency pegged to Gold showing trans transparency now right here you got President Roosevelt right

and he confiscated his executive order and he confiscated Golda's First Act of office in 1933. back then gold was redeemable president de Gaulle from France proved that redeemable currencies get redeemed so I don't think it will be redeemable but I do think they will they could Peg 10 of every new dollar in circulation every new Central Bank digital Dollar in circulation same thing tied to a distributed Ledger for everyone to see the big three uh auditing companies come in and audit it and 10 or 15 percent of every new dollar

has gold backing you cannot redeem it but it is Tethered so that the government cannot print more money in the last four years as they did in the history of the country before it so that they cannot destroy the value of the world Reserve currency as every government has done since the beginning of time go back to the Roman times they have all chosen inflation over austerity and so that is exactly how they could do it they would have to do this quick because I really do believe that the moves that we are making the idiot brain

dead moronic monetary policy decisions that we are making is is Expediting um the devolorization but that would be to me the only way that it works short of dot dropping bombs on all these countries which God forbid because now you're dragging Russia and Iran into excuse me Russia and China into this war as well and I don't think that's going to happen the best way to win is to beat them at their own game through the IMF and all of the Western countries that are together issue a gold-back

settlement currency call it special drawing rights and uh Peg it to gold and that's the only way it's going to work in my opinion now I'm just going to share my screen with you quickly because there is something that I wanted to discuss with you so now before you came on we discussed some of the data surrounding this whole situation specifically the gold reserves that are officially being held by each country and as you can see I've put them up on the screen right now and this data

here I've taken it from Trading economics and it shows the top 20 countries in order of largest to smallest gold reserves now looking at this data it seems to suggest that the Western Alliance of countries would do just fine in a situation where Commodities like gold would be used to back up currencies so I'd like to ask you um can we trust this data that we're seeing now because there are a lot of theories bouncing around out there Andy I'm sure you've heard them before I mean

you've been deep in this business knee deep in this business for a long time there are a lot of theories out there saying that China has way more gold than they have officially declared and that the United States actually has much less what do you make of that yeah I think that's true um Aleister McLeod one of the smartest guys out there says he believes that the Chinese would have 38 000 metric tons um and that would be five times more than we supposedly have at um Fort Knox which hasn't been audited I think since

1956. so yeah absolutely he says that 20 000 metric tons would be owned by the state and 18 by the people they are the largest importers and producers of gold in the world and so they haven't but just a few times in the last I don't know decade or longer updated their their Central Bank gold Holdings and so yeah I think those numbers are completely BS why would you tell the world what you are doing and be transparent about it if you're the Chinese if you are trying to set up this this type of a system and and and it's

the same reason that they suppress the price on comex and and yet you see the central banks buying more gold than in any time in the last 55 years the second most in history it is misdirection it is the Art of War the book by Sun Tzu that was written in the 5th Century BC that is mandatory reading at West Point in the CIA it's taught to almost every Japanese business executive Bill Belichick the best football coach of all time uses it for Game Theory you know it's how to beat your opponent without

throwing a punch it's taught in almost every business school on on corporate hierarchy and most law schools on formulating arguments it is exactly what they're doing they are misdirecting by suppressing the paper price and gobbling it up so just so people understand how they suppress the paper price we hedge everything that we have all of our gold that's in our uh Warehouse is hedged and I asked my head Trader the other day I said what does it cost to buy a contract a comex contract he says I don't know

five ten dollars that's it he says but we have to have uh uh seven thousand dollars in our margin account well if you have seven thousand dollars in your margin account that allows you to control right now almost 200 000 worth of gold so what if you are a central bank uh working through a sovereign wealth fund or you are a Commercial Bank like JP Morgan who just paid a 920 million dollar fine to the justice department year ago the largest settlement ever at the time for suppressing the metals Market while

according to Ted Butler has a mouse a mask 1.2 billion ounces of silver and 12 times what the Hunt Brothers tried to buy and over 45 million ounces of gold all told the the largest uh Metals position the world has ever seen at one time they are suppressing the market if you are a bank like that and have a half a billion in your margin account you can create whatever percent perception of reality you want you drive down the paper price you speak about it negatively you talk about it being I you know conspiratorial tinfoil hat uh

wackos and doom and gloomers and then you watch the most sophisticated people on the planet gobble it up and they will paper over their short positions they are misdirecting the public with price and with rhetoric and the information that they put on that chart is is hogwash so we've talked about really uh We've touched on a lot of topics so far but maybe the most important part of this conversation is we are already seeing pressure on banks in the USA and Europe you are saying that there could

be a major de-dollarization event coming I know we both think people should prepare themselves with gold and silver that's that's not a secret that goes without saying now I have a minimum stacking Target for new stackers a Target that I think everybody should strive to achieve which I've talked about numerous times on the channel That is five ounces of gold and 200 ounces of silver considering everything that's going on I'd like to know Andy what Target you would give to a new stacker

to achieve and how long do you think someone should give themselves to get there you know I'd work backwards from that and I would say what exposure if you're in the United States do you want to A system that is 130 or 40 trillion dollars in debt where the largest asset in this country is is student debt uh where you know a trillion seconds ago was 31 688 years ago we where we are broke in solvent making ridiculous stupid decisions to destabilize and destroy the economy the banking system

uh and and alienate our our creditors uh from around the globe and I'd work backwards from there it's what whatever you can afford to do look when I started in this industry just so you understand where I'm coming from I was 20 years old basically 1990 and I started this company with my dad after he started it six months earlier I came on board and he said there'll be one rule and only one rule ending if you if you don't do it I'll fire you and if if not you're cool I said well I can deal with one

rule what's that he says you'll buy something every two weeks you won't make the same mistakes I made as a young man I said well that's the Only Rule I'm good I've been buying gold silver every two weeks for 33 years and I've never missed a two-week period to me it is wealth period it's wealth it's wealth that has outlived every World War two of them German hyperinflation the Great Depression every pandemic and everything the world has ever thrown at it so a minimum Target I would say whatever you

can you can afford to do uh and and that you want out of the system it's wealth let's switch gears to people who are more seasoned stackers and who have a lot more gold specifically because we have a lot of them here that watch this Channel and I do a viewer question every video and since you're here I want to give you the question uh and it comes from somebody from my patreon and I will put the link to my patreon in the description and the pinned comment of this video but for more season stackers

what do you think makes somebody consider vaulting some of their gold be because I know that Miles Franklin which is your company you guys deal in vaulting and before I let you answer let me just address the fact that I know this is a very controversial topic for a lot of my viewers and for those of you who are watching right now who feel safer with your gold in your house I want to encourage you to do that keep it there but there are those Among Us who don't feel comfortable keeping more than

100 ounces in the house they see it as risk I mean when there's a weapon to your head Andy I'm sure you can attest to the fact that secrets of where you've hidden things start to come out so is there a specific amount that once you've reached you think should be vaulted or at least part of it and somebody for example uh if they choose to Vault gold with you is any of that covered by Insurance should something happen to you or to your vaults yeah so first of all that's a fair

question first of all there are people out there say if you don't hold it you don't own it I own one of the largest Metals companies in North America I can't hold all of mine because of what you just said I'm a Target that's why I left Minnesota um when they led the defund the police movement that's why I moved to a a a a gated community with armed guards and you know that's why I have a concealed permit and I and I have taken precautions you know and a lot of people

don't want to do that a lot of people don't want to have that hanging over them I get it um I'd rather see people dig a hole in the backyard I make money on storage dig a hole in the backyard and be a midnight Gardener I mean I think it's it counterparty risk is going to take on a whole new meaning when you see all of the systemic failures in the system coming up but I will tell you that this is why I partnered with Brinks it's a third party facility I'm not holding anything it's held by Brinks they are a

fortune 100 company one of the biggest most respected names in security for over a hundred years everything is segregated 100 percent it is fully insured um and in a world of imperfect choices this is where I hold 98 of everything I own is Brinks facilities throughout North America let me just cut in there because you said it is fully insured right yes because there are a lot of people who watch my videos who get the impression that no no no you can't ensure a gold you can't ensure things if if they're

vaulted so I just want to make sure that those people who are saying that they're they're basically feeding BS and the fact is when we're talking about facts that it is insured right 100 and you mean we give out the insurance policy right or if people want to see it it's Lloyds of London amongst others says sure yes and brings has massive Insurance because they're not just involved in storing gold that's a minuscule part of their business they run cash Logistics they'll go to every

McDonald's in the in Toronto and take all of their cash that they got or wherever I'm just using the city throwing it out there and they'll grab the cash they'll bring it back and and they'll count it all and before McDonald's opens up in the morning that money's in their bank account and then they'll take that cash and bring it to the bank and deposit it and they'll get it back they front them the cash in essence but the bottom line is that they have they run cash logistics for the

banks and the retail operations everywhere gold is just a little piece of what they do their storage but it is 100 fully insured every major storage facility is if you store it in little dinky third-party uh you know storage uh places like in a strip mall maybe not uh in a safe deposit box absolutely not but in a in a place in a bank that is but in a place like Brinks it is one 100 fully segregated and fully insured in a world of imperfect choices it's as good as it's going to get um but yeah you know holding it yourself

look gold and silver are two of the only Assets in the world that are not simultaneously someone else's liability and by holding it yourself I would say do you have a greater chance of being ripped off by the system than by a burglar toting a weapon but it's real it's reality um if you have to store it work with a storage facility that is very respected and that is completely segregated and fully insured and don't cut corners on storage if that's the way you have to go uh again in the world of imperfect

choices I think we've done a good job dotting our eyes and crossing our T's with Brinks and the services that they provide I'm comfortable enough storing the majority of my wealth there and all my clients um but truth be told yeah I'd rather dig a hole in the backyard if I didn't own a Metals company I'd probably hold the majority of it because no one would know that I own it now everyone assumes I do and it's different for me than it is for someone else so do it if you lose sleep

at night if not do your own custodian be your own Vault I like that message I like that message a lot our time is coming to an end and I want to say that this conversation has been absolutely great Andy I really appreciate appreciate you coming on before you sign off is there anything you want to say about your company miles Franklin yeah um we've been doing this for since 1989. we've done over 8 billion in sales we've never had a customer complaint we're one of only ever we won't find one I'm sure

we've aggravated some people we try our best to make it right but nothing material ever we are one of only 24 U.S mint authorized resellers in the world in honor I'm very proud of we have as I mentioned worldwide exclusives with Brinks and an A-Plus rating with the Better Business Bureau but the state of Minnesota my old home state they don't care you know as I mentioned we've had a satellite office here for 12 years in Delray Beach where I moved to but I left my corporate entity entity in

Minneapolis because it is the only state in America that doesn't care about how good your reputation is if you sell precious metals either in the state or into the state you must be licensed bonded and background check every year everyone in my company myself included must be background checked and if any of us have any indiscretions related to financial services you're forever disqualified from being in the industry so we want to earn people's business now I've been very public about the fact

that since last August I have been humiliated and that is uh our new website which I told everyone would be out by September it's still not completely finished we've had to change developers in Midstream we've had to fire people that I consider close friends that I am sick over we've had to do a lot of things that made me have egg on my face because we didn't finish it yet it is this close to being launched um I'm not doing it until it's done this time and it will be out soon which will

allow people to see prices and to purchase online but we will never be undersold our prices are as good or better than every company in the United States and give us a chance thank you so much for coming on Andy and just before we sign off I do want to say to everybody watching this video buy the seller before you buy their gold and silver and this is a great example why when Andy's just spoken about thank you again Andy for coming on the show and we will hopefully see you back on the show soon maybe when you get that website up

yeah you know I'm always just uh an email away or a text away or whatever I I would love that and until then I'll be watching everything you do and I will look forward to picking up where we left off but to you and everyone else out there stay well and and thanks again thanks Andy see you next time we got it brother I really hope you enjoyed that discussion with Andy I tried to give him some space to explain the situation as he sees it today and now just before I sign off I want to cover the topics

where Andy and I fully agree and where we might have a little bit of a different point of view so overall I want to start by saying I really appreciate Andy and his way of thinking because he is the first person I saw talking about this in the mainstream and I agree that bricks have to mount a challenge to the US dollar and the power of the West derives from the US dollar and the reason for that is what Andy discussed in our discussion specifically cases like Iran and Russia countries whose economies have been critically

damaged by the powerful weaponization of the US dollar and I think the bricks are choosing to accelerate this plan of theirs right now because the US government is showing weakness and Andy and I agree on that 100 percent the Western Financial system once again is showing cracks and we both agree the best way to protect yourself is with gold and silver in your possession but my message obviously includes a couple more asset classes namely real estate and Bitcoin and hopefully next time I have Andy on the show we will be

able to get into those two topics a bit deeper Andy and I also agree that National Gold Reserve data is not to be trusted 100 percent and that a proper audit of American gold reserves the kind that Ron Paul had advocated for are necessary to put doubts to rest where Andy and I see things differently is with Saudi Arabia's role in all of this because I don't think Saudi Arabia truly intends to go over to the brics side of this conflict my assertion is that Saudis do not like Joe Biden or his

administration they do not like his woke diplomacy and at the end of the day for better or worse they want to deal with Donald Trump again and they are humiliating the Biden Administration on a global stage in an effort to destroy the credibility of the Biden Administration and ensure that they will not have another four years in the White House no matter where you stand on all of this recent events have shown us that gold and silver stackers have it right we've always had it right and we will continue

to get it right as we continue to add to our gold and silver stacks and keep them in our possession with that I thank you all for watching to the end of the video have a wonderful day ahead and see you in the next one