Big Money Heading Into Gold - Andy Schectman #4682
We connected with Andy Schectman, the proprietor of Miles Franklin, one of the nation’s largest bullion dealers. Andy shared that he’s been experiencing record sales in terms of number of ounces sold. However, his average sale is 10 times higher than it was in the peak of 2011, which tells us that the small investor has been very slow getting back into the gold market. When the small investor starts coming back, then we will know something major is afoot. Until then, we’ll keep seeing the fits and starts we’ve been experiencing.