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...

Trust in the financial system has and is still eroding... All [the foreign governments] care about is that they continue to buy gold and not only buy it, but to repatriate it – repatriate it from the Bank of England, like India has brought back almost all of their gold from the Bank of England and others from the New York Fed, like France, like Germany, like Poland, the Czech National Bank, the Dutch National Bank, the Bank of Austria, Hungary, Turkey. They're all bringing their gold back because of [a] lack of trust.

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 only one of them and opposed to the other. He believes it's best if you invest in both. Andy personally invested in 1 BTC early on so he could have some exposure to the development of bitcoin. Andy then talks about the country's debt problem. With the U.S. in debt by more than $39 trillion, our country needs a way to pay it off. Andy says we have no way of selling products to other countries in the hopes of being paid in dollars, and other countries have established their own methods of trade without relying on the U.S. dollar. And with a trifecta of worse education rates, a lack of at-home manufacturing, and AI replacing certain jobs, the future outlook is grim...

The dollar is not going away. It still has the most robust rails, but we don't want to be the reserve currency anymore. Let me show you how that would work. First, we're broke. We know that we don't make anything... We've offshored all of our manufacturing largely. Ray Dalio just came out and said 60% of this country has a literacy rate under the sixth grade... And here comes AI just in time to kneecap all the jobs.

Finally, Andy says that Trump does have a plan to address this problem. The key is to bring manufacturing back home and sell that to the world. The U.S. cannot afford to be reliant on other countries. Also, the U.S. needs to aggressively buy gold. That would go straight into the Treasurys and help pay off our debt. While in the short-to-mid term this will be painful for Americans as certain services might need to be withheld, in the long term, Andy says it would be worth it. He ends the interview by warning investors to not save their money in dollars due to its dwindling value but to put their money into hard assets instead...

If you save in dollars, you will go broke. You are not a contrarian. You will be a victim... The most well-informed traders on the planet and the most well-funded traders on the planet – the central banks, the family offices, the commercial banks, and whoever the hell is standing for delivery for billions and billions and billions every month for the last going on 19 months – they know where the puck is going... Do what the big money is doing, tune out the noise, and don't save in dollars.

Click on the image below to watch the video interview with Andy right now. For the audio version, click "Listen" above.

(Additional past episodes are located here.)

The transcript is coming soon.

This Week's Guest

Andy Schectman is the founder and CEO of Miles Franklin Precious Metals. Prior to founding Miles Franklin, he started his career as a licensed financial planner specializing in Swiss Franc investments and alternative asset strategies. He has deep expertise in gold and silver markets, including physical supply and demand dynamics, COMEX activity, central bank accumulation, and the growing disconnect between paper and physical markets.

Andy has appeared on numerous programs, including the Solari Report with Catherine Austin Fitts, Liberty & Finance, the Mark Moss Show, David Lin Report, Kinesis Money, Soar Financially, Investing News, Kitco News, and many others. He's also the host of Little by Little with Andy Schectman, part of Miles Franklin Media.

In addition to his media work, Andy is a sought-after speaker at major investment and resource conferences across North America, including the Rick Rule Investment Symposium, Vancouver Resource Investment Conference, and other leading industry events focused on macroeconomics, mining, precious metals, and global monetary trends.