
This Is the Moment the Global Metals Market Cracks | Andy Schectman & Michelle Makori
May 22, 2026
Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, interviews Andy Schectman, Founder & CEO of Miles Franklin Precious Metals, on the growing shift in global precious metals markets and why new trading infrastructure emerging in Asia could fundamentally challenge Western dominance over gold and silver pricing.
Schectman explains why Singapore’s new physically deliverable silver contract and Hong Kong’s expanding gold clearing system may represent far more than just regional competition. He argues that the world is witnessing the construction of an entirely new financial architecture centered around physical delivery, BRICS payment rails, gold settlement systems, and declining trust in Western exchanges like COMEX and the LBMA.
The discussion explores the growing divergence between paper and physical metals markets, China’s expanding role in commodity infrastructure, tokenized gold systems, BRICS financial rails, and what could happen if global price discovery gradually shifts from West to East.
In this episode of The Real Story with Michelle Makori:
Why Andy Schectman says “the price of gold in the West is not real”
Singapore’s new silver exchange and why physical delivery matters
How Hong Kong is building an alternative gold clearing system
Why BRICS infrastructure could challenge Western financial dominance
The growing divergence between paper metals and physical metals
What happens if COMEX and LBMA lose credibility
Why China’s commodity strategy matters for gold and silver investors
How tokenized gold and blockchain settlement systems may reshape markets
The risks of a bifurcated global financial system
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Follow Andy Schectman on X: https://x.com/ASchectman
00:00 Coming Up
01:03 Introduction
03:31 Singapore Silver Shift
07:39 Physical Delivery vs Paper
08:54 BRICS Rails and Hubs
13:13 When Price Discovery Cracks
17:34 Western Credibility Erodes
21:40 Hong Kong Gold Clearing Plan
28:24 Trust and Bifurcation Debate
31:36 Arbitrage Tipping Point
35:14 COMEX Deliverability Crisis
38:41 East Builds Commodity Power
40:29 Trust Erodes in Western Markets
44:38 Can Trust Be Restored
50:43 Tokenized Metals Future
54:09 How Tokenization Works
59:01 Retail vs Institutional Ownership
01:00:52 Closing Thoughts and Signoff
#gold #silver #goldprice #commodities
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Disclaimer: The views and opinions expressed in this video are those of the individual speakers and do not necessarily reflect the views of Miles Franklin Precious Metals, its affiliates, owners, anchors, producers or hosts. This content is provided for informational and educational purposes only and is not intended as financial, legal, or investment advice. Nothing said in this video should be construed as a recommendation to buy or sell any financial asset. You should always consult with a qualified financial advisor, legal professional, or tax expert before making any investment decisions. Investing involves risk, including the potential loss of principal.
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