Andy Schectman: BRICS, Trump and Gold — What Will Wake the Public Up?
With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
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Will Donald Trump's return as US president impact the BRICS nations' efforts to de-dollarize? Andy Schectman of Miles Franklin doesn't think so.
Andy Schectman, president of Miles Franklin, outlined his latest thoughts on the BRICS nations, sharing his thoughts on whether the bloc's plans will be affected by Donald Trump's return.
"I think these entities think in terms of decades and centuries, whereas we think in terms of days, weeks and much smaller increments," he told the Investing News Network.
"So no, this will not stop their drive to accumulate gold and to lessen their dependence on the dollar."
Schectman also noted that gold and silver are still underowned in the US, and explained what could trigger more buying. In his view, it could take an event as significant as a major bank bail-in.
Watch the interview above for more on what Schectman sees coming in 2025, as well as how to position. You can also click here to view our Vancouver Resource Investment Conference playlist on YouTube.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
