{"podcast":{"title":"Stansberry Investor Hour","slug":"stansberry-investor-hour-574654","podcast_index_feed_id":574654,"rss_url":"https://investorhour.libsyn.com/rss","website_url":"https://investorhour.com","image_url":"https://static.libsyn.com/p/assets/1/4/5/d/145d59fcb41a7eee16c3140a3186d450/Audio_SIH_1080x1080-DF.png","author":"Stansberry Research","episode_count":394,"summary":"From financial markets and politics to business and social issues, Dan Ferris and our Stansberry Analysts offer candid discussion on today's most important headlines. Each week you'll hear exclusive interviews with guest investment experts, authors, and top thinkers such as Jim Rogers, Kevin O'Leary, Glenn Beck, PJ O'Rourke, and Jim Grant. The Stansberry Investor Hour is produced by Stansberry Research, LLC.","last_synced_at":"2026-07-22T00:18:40.604272+00:00","page_url":"https://stenobird.com/podcast/stansberry-investor-hour-574654"},"episode":{"title":"Gold Is Down 20%. So Why Is the Smart Money Still Buying?","slug":"gold-is-down-20-so-why-is-the-smart-money-still-buying","published_at":"2026-06-30T10:45:00+00:00","page_url":"https://stenobird.com/podcast/stansberry-investor-hour-574654/gold-is-down-20-so-why-is-the-smart-money-still-buying","show_page_url":"https://stenobird.com/podcast/stansberry-investor-hour-574654","url":"https://investorhour.libsyn.com/gold-is-down-20-so-why-is-the-smart-money-still-buying","audio_url":"https://dts.podtrac.com/redirect.mp3/traffic.libsyn.com/secure/investorhour/SIH_EP._Andy.mp3?dest-id=520070","summary":"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 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 manuf…","meta_description":"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 compan…","key_points":[],"chapters":[],"topics":[],"duration_seconds":3287,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/stansberry-investor-hour-574654/episodes/gold-is-down-20-so-why-is-the-smart-money-still-buying/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/stansberry-investor-hour-574654/gold-is-down-20-so-why-is-the-smart-money-still-buying.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}