Andy Schectman, Owner of Miles Franklin | Rule Symposium 2026: Rick Rule interviews

Rule Investment Media May 27, 2026

Summary

Andy Schectman says precious-metals IRA marketing concentrates on exotic fractional coins and exclusive mint designs you cannot find elsewhere.

Precious metals IRAs let savers nearing retirement take an in-kind distribution — physical gold or silver from the depository instead of cash.

Bullion trading is federally unregulated, so Schectman points to state licensing, bonding and a clean complaint record as vetting tools.

Because the metal is identical whoever sells it, he ranks liquidity, storage and education as what really differentiates a dealer.

He directs viewers to a YouTube interview with Dale Whitaker, a former CFO at Augusta Precious Metals who names IRA-focused dealers.

Top takeaway The guest argues pre-1933 numismatics now offer value commensurate with bullion and in many cases sell below it, calling the market upside-down and backwards as of the May 2026 interview.
He says bullion is where he sees the best value, for its liquidity, flexibility and lack of subjectivity, while still selling whatever a client wants once he has explained it.
He warns the sector's biggest pitfalls sit in precious metals IRAs: firms selling rare quarter-ounce, three-quarter, 1¼, 1½ and two-ounce coins in never-seen designs from reputable mints, which he blames for the industry's credibility damage.
He presents precious metals IRAs as a fit for savers nearing retirement because the metal can be taken in kind from the depository instead of settled in cash — a right he says oil holdings do not offer.
He offers Miles Franklin's record as his proof point: 36 years in business, roughly $14 to $15 billion in sales, no material customer complaints, and a deliberate Minnesota corporate domicile because of that state's licensing, bonding and background checks.

Top takeaway Rule positions vetting as the conference's differentiator: every exhibitor and speaker is interviewed beforehand, more exhibitors are turned away than accepted, and each vendor must have survived 40 years in financial services without material complaints to him.
He says every public company on the exhibitor floor is owned in the conference's own accounts, and that a money-back guarantee has cost about one-tenth of one percent of tuition in refunds over more than 30 years.
He argues attendees should arrive already briefed, because the entire proceedings including simultaneous breakout sessions are recorded for review at their own pace.
He skips a macro lecture on debt and deficits and pushes for specifics, and notes he is keen on oil.

Top takeaway The guest directs viewers to an interview with Dale Whitaker on the Miles Franklin media YouTube channel as the starting point for anyone who thinks they got tangled up in an IRA-focused precious metals company.
He describes Whitaker as a whistleblower and the former CFO of one of the firms he says sit behind the odd-size IRA coin push, and says Whitaker names others.