Large players are removing physical metals from major exchanges, says Andy Schectman, CEO & president of Miles Franklin Precious Metals Investments. While on the retail level supply is getting much better and premiums are decreasing, the major trend on exchanges is a drawdown in supply by the wealthy. Central banks are also buying gold at record rates. Schectman discusses how the public is almost completely unaware of the huge moves into gold and silver by these major players.
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