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David Schectman

David Schectman

CEO

Prior to founding Miles Franklin, David was a Senior Broker at a well-known firm where trained the firm’s 60 plus brokers in economic theory and appeared regularly on national radio and at major investment seminars. David continues to educate buyers and provide investment strategies through blog posts and contributions to the Miles Franklin Newsletter.

As March 29th Approaches Central Banks Around the World Are Buying Gold – WHY?

David’s Commentary (In Blue) I am on vacation this week and most of next week. I will be publishing my column just once this week and, only on Wednesday next week. I plan to be back to twice a week in April. China just printed a trillion new dollars – in one month. Japan has kept their economy afloat for years with money creation – they buy a majority of their debt (bonds) every year, and stocks too. The Fed does whatever it has to keep the economy going, starting with their low interest rate policy. I’ll get back to this point shortly. But first, Jim Sinclair pointed out how unrealistic it is to expect fiat paper to continue to be a store of value in the future. This is a charade that must come to an end. Of course the sixty-four-thousand-dollar question is “when?” A friend of mine is my personal banker. A while ago I told him I wanted a six-figure line of credit. I didn’t have a need for it, but I thought it would be nice to have, just in case. He said the bank needed collateral so I decided to use some of my gold as backing for the line of credit. To my surprise, he would only allow me 60% of the value of the gold. I didn’t mind that the gold would be stored in the...



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One Begins To Wonder…Will It Ever End?

David's Commentary: It should come as no surprise that gold and its sibling, silver, have been pulling back recently. I have written several articles recently that built the case that for gold to move up two things need to happen. The stock market has to fall and the...

Side-Step the Financial and Political Circus

David's Commentary It’s a small sample size, but recently, gold and silver started to move up along with the stock market is. In the big picture, gold and the Dow move in opposite directions. Who are buying stocks now? The hedge funds will buy and sell on a headline,...

Mass Psychology Moves Markets

David's Commentary: Mass psychology moves markets. And the masses are influenced by Wall Street and financial advisors, neither of whom give a rip about gold and silver. As for the big hedge funds, most buy and sell based on the trend in motion. And for stocks, it has...

Where Are All The Young People?

"If the powers-that-be weren't propping up everything paper that wanted to crash and burn -- and suppressing the prices of everything physical that wanted to blast to the moon and the stars, the world's economic, financial and monetary system would be a smouldering...

It Is A Fact That History Repeats Itself

If one offered investors a fat tail put option that never decays or expires, costs about -1% pa to carry, has no counter party risk & no chance of ever becoming worthless, there would be a line out the door. But when one explains that this option is physical gold......

David's Commentary: This morning I was reading the paper, and asked myself why? Apart from my beloved sports page, it’s full of the same old meaningless crap. I turned toward Susan and asked her, “Is there anything in today’s paper that’s fundamentally different from...

Half The People in the U.S. Will Not Be Happy

David's Commentary: You will be reading a lot about the mid-term elections in the coming days. No matter how it plays out, half the people in the U.S. will not be happy. Maybe the best result would be for the Democrats to take either the House or the Senate. That way,...

The Big Picture

David's Commentary: I receive a lot of Emails from our readers. I try and answer all of them. Every so often, I get one that will resonate with our audience.  Here is the Email: From: Arlie S Subject: Re: Stuck in the Twentieth Century Good morning David, I have...

Stuck In The Twentieth Century

David's Commentary: For the last 35 years hardly a day has gone by that I didn’t spent time reading about the economy, precious metals, the dollar and much more. I learned to process the information through a “doom and gloom” filter. Fortunately, although there have...

The Right Question…

Last week I mentioned that my grandson Josh (Andy’s boy) was accepted at McGill University in Montreal, the University of Indiana’s business school and the University of Michigan.  He is interested in pursuing a degree in business and is taking all the requisite...