Gold Is Down 20%. So Why Is the Smart Money Still Buying?

Gold Is Down 20%. So Why Is the Smart Money Still Buying?

June 30, 2026 · 55 min · Episode 471

About this episode

Andy Schectman discusses the current state of gold and bitcoin investments amidst economic challenges.

In this week's Stansberry Investor Hour , Dan welcomes Andy Schectman to the show. Andy is the founder and CEO of Miles Franklin Precious Metals, a company dedicated to transparency, ethics, and long-term wealth preservation. Andy kicks things off by explaining why gold prices breaking down isn't as bad as many people believe. He says that while the paper price of gold is going down, the physical asset has been going strong. In fact, since the start of President Donald Trump's second term, billions of physical gold bars in contracts have been delivered to CME Group's Commodity Exchange ("COMEX"). Silver also had strong deliveries to COMEX, with December 2025 seeing a record 65 million ounces in contracts delivered. Andy also says that one reason why gold exchange-traded funds ("ETFs") have experienced increased outflows is because large firms are redeeming their shares in exchange for gold to fulfill delivery contracts. And some of these contracts are for foreign countries that have lost trust in the central banks. (0:00) Next, Andy shares his thoughts on bitcoin (BTC) and gold. Contrary to the stances supporters of either asset have, he doesn't believe investors need to be in…

People in this episode

Host: Dan

Guest: Andy Schectman

Topics covered

Keywords

Mentioned in this episode

Organizations: Miles Franklin Precious Metals, CME Group, Commodity Exchange, COMEX

Places: United States, foreign countries

More episodes of Stansberry Investor Hour

Explore listener stats, chart rankings, contacts and more on the Stansberry Investor Hour podcast page.