WEBVTT 1 00:00:05.960 --> 00:00:09.160 Hello, everybody. This is Daniel with the Ballbusters radio show podcast, Roku 2 00:00:09.199 --> 00:00:13.960 TV channel and josh U TV channel. Today we're going to have Mark Gunzealous 3 00:00:14.080 --> 00:00:21.280 on from First National Bullion and he's going to talk about a great many things. 4 00:00:21.320 --> 00:00:24.199 But let me get him on here so I can introduce him to you. 5 00:00:26.000 --> 00:00:28.879 Hello, sir, Hey, how are you. Yeah, it's been 6 00:00:28.920 --> 00:00:33.439 a while, yeah never yeah, thank you, thank you, sir. 7 00:00:34.039 --> 00:00:38.320 So, I don't know if I was telling you about that when we were 8 00:00:38.359 --> 00:00:41.439 talking about the the iye thing that happened with me when I was riding my 9 00:00:41.439 --> 00:00:44.640 bike. I'm thinking that's what happened. So I had one good day yesterday. 10 00:00:44.920 --> 00:00:49.439 Now I can't see you again. It's all blurry again. Running on 11 00:00:49.479 --> 00:00:52.119 instinct. Yeah, I mean I could see a little bit. It's not 12 00:00:52.200 --> 00:00:54.520 terrible, but I could. I know this, the blurter has coming back 13 00:00:54.560 --> 00:00:57.159 a lot more than I was yesterday. But I was also writing on a 14 00:00:57.159 --> 00:01:02.280 computer all night, so I probably strained him again. So, sir, 15 00:01:03.399 --> 00:01:07.200 um, you know, I didn't know exactly what links to put in here 16 00:01:07.239 --> 00:01:10.400 for. Uh, you know you're you're saying, well, we'll take care 17 00:01:10.400 --> 00:01:11.920 of that. At the end of I'll add this to the to the description. 18 00:01:12.359 --> 00:01:15.439 Okay, but let's uh, you know, let's get started with what 19 00:01:15.519 --> 00:01:19.640 you do and how it benefits and you know the importance of it, and 20 00:01:19.680 --> 00:01:22.400 then you know, seft pitch it in and then we'll get into the nitty 21 00:01:22.400 --> 00:01:25.159 gritty stuff. Okay, yeah, yeah, no problem. My name is 22 00:01:25.159 --> 00:01:32.239 Mark Gonzalez, UM ideal in the precious metal sector of finance. I've been 23 00:01:32.280 --> 00:01:34.760 doing that for kind of the greater part of about two and a half decades. 24 00:01:34.799 --> 00:01:41.879 I currently UM run business and work with the first National Bullion based out 25 00:01:41.879 --> 00:01:44.359 of San Diego. We now have five stores, going to be building out 26 00:01:44.760 --> 00:01:49.280 a few more, and I just try to educate people on the benefits of 27 00:01:49.319 --> 00:01:53.760 what actual hard asset currency is going to do for them and how it's going 28 00:01:53.799 --> 00:01:59.359 to help them as it relates to monetary policy and the default of the fight 29 00:01:59.480 --> 00:02:02.400 system, more importantly, the US dollar. I met you with the red 30 00:02:02.400 --> 00:02:08.280 Pill XBO, where I go to every single event to meet client base speak 31 00:02:08.919 --> 00:02:15.080 and just try to just really try to spread the word. I only know 32 00:02:15.120 --> 00:02:17.960 what I know. I think I know enough to be dangerous. I definitely 33 00:02:19.039 --> 00:02:22.360 don't know everything, but I think I got a very very good handle on 34 00:02:22.599 --> 00:02:28.560 how all this plays out and unfortunately that's just not a good scenario. If 35 00:02:28.639 --> 00:02:32.759 you do not have physical monetary backing to your portfolio in your wealth, that's 36 00:02:32.800 --> 00:02:37.759 it. Yeah, And as far as that goes, I mean, I 37 00:02:37.800 --> 00:02:40.719 think there might be. And this is what I gather just from listening to 38 00:02:40.759 --> 00:02:45.360 other people talk about it. I think a lot of people think that they're 39 00:02:45.360 --> 00:02:50.680 going to somehow make money by hitting it just at the right moment in the 40 00:02:50.719 --> 00:02:52.759 market, and then all of a sudden it's gonna blow up and then they're 41 00:02:52.759 --> 00:02:54.840 gonna be rich and famous and all this other stuff. I think if you 42 00:02:54.879 --> 00:03:00.719 want to be like sensible about it, it's more about securing the assets that 43 00:03:00.759 --> 00:03:04.719 you do have in a format that's not going to be devalued, so you're 44 00:03:04.759 --> 00:03:07.319 basically just holding steady. I mean you could go the other direction too, 45 00:03:07.360 --> 00:03:13.080 But should that be the objective and the outlook or should it just be what 46 00:03:13.240 --> 00:03:15.240 I do have? I'm going to make sure it stays, you know what 47 00:03:15.280 --> 00:03:20.680 I mean, Well, first and foremost, you need to make sure you 48 00:03:20.759 --> 00:03:25.319 keep what you have. People work their tailoff for their entire life to you 49 00:03:25.400 --> 00:03:30.159 know, gain well, try to get properties, try to do the right 50 00:03:30.199 --> 00:03:34.879 thing, whether one hundred percent successful or not. You know, when you 51 00:03:34.919 --> 00:03:39.120 have an inflation rate that is being posted at you know, four or five 52 00:03:39.159 --> 00:03:43.599 percent, but the actual inflation rate if you look at John Williams with shadowstats 53 00:03:43.639 --> 00:03:46.159 dot com, um, you're going to find out that it's it's actually closer 54 00:03:46.199 --> 00:03:50.039 to about seventeen. So you're not doing a good job. Gold and Silver 55 00:03:50.080 --> 00:03:55.000 at least keep you on par So money, money out ten years from now 56 00:03:55.080 --> 00:04:00.120 is still going to get the same goods and services, whereas your grocery bill 57 00:04:00.120 --> 00:04:03.479 if you've gone shopping, Man, I minds just through the roof. Man, 58 00:04:03.560 --> 00:04:08.039 you can't even get dinner for a couple of people to make it home 59 00:04:08.159 --> 00:04:11.240 for anything, left on about one hundred bucks. Now, it's it's it's 60 00:04:11.240 --> 00:04:14.400 insane. I don't know how doing it. Yeah, you know, it's 61 00:04:14.400 --> 00:04:16.040 funny because when I had my store, I had my store in San Diego, 62 00:04:16.279 --> 00:04:20.439 the awesome Hot Sauce store in old town San Diego for seven years and 63 00:04:20.480 --> 00:04:25.519 then if I could just interject, by the way, thank you, thank 64 00:04:25.560 --> 00:04:29.600 you so much. So you know, I didn't really think too much about 65 00:04:29.600 --> 00:04:32.680 prices because we were doing so well. And then of course twenty twenty happened 66 00:04:32.680 --> 00:04:38.519 and things changed. But so I guess maybe I wasn't really paying too much 67 00:04:38.519 --> 00:04:41.240 attention to it because, you know, with the store being go, you 68 00:04:41.240 --> 00:04:44.399 know, going all the time, people are buying all the time, money 69 00:04:44.480 --> 00:04:47.120 kept going into the PayPal. I could see that we were spending a lot, 70 00:04:47.120 --> 00:04:50.240 but I didn't really you know. And then in that time in twenty 71 00:04:50.240 --> 00:04:55.040 eighteen, I started buying a bunch of silver, and I tried to do 72 00:04:55.160 --> 00:04:59.839 it so that I wasn't just getting the one ounce silver rounds. I tried 73 00:04:59.839 --> 00:05:02.759 to in smaller denominations too, because in crisis times you're not going to be 74 00:05:02.759 --> 00:05:06.399 making change, so you didn't want to overpay for things by having too big 75 00:05:06.439 --> 00:05:10.759 of an amount that you're given out, you know. So that's another thing 76 00:05:10.879 --> 00:05:13.199 too that I think a lot of people miss on. It's they're getting the 77 00:05:13.279 --> 00:05:15.360 bars, they're getting these other things. They're not really trying to do it 78 00:05:15.399 --> 00:05:19.399 denominationally so that they don't have to fork out as much for the same amount 79 00:05:19.399 --> 00:05:24.879 of you know, return if they're doing a trade. Well, Daniel, 80 00:05:24.879 --> 00:05:28.800 you you nailed it perfectly. Actually, I'm a big, big fan of 81 00:05:28.800 --> 00:05:34.399 the fractional product. So little a little bit of education on how this industry 82 00:05:34.439 --> 00:05:36.439 works. I'm sorry, I mean adjust my computer. I can kind of 83 00:05:36.439 --> 00:05:40.279 see myself in the side, and it doesn't look like I'm all that squared 84 00:05:40.360 --> 00:05:44.240 up. When I logged on, I thought I didn't know we were jumping 85 00:05:44.639 --> 00:05:48.040 right from the start. So all right, So when it comes to buying 86 00:05:48.120 --> 00:05:51.519 precious metals, everybody pays the spread. And I discussed this a lot, 87 00:05:51.560 --> 00:05:57.040 so we might as well talk about it. You have a spot price and 88 00:05:57.079 --> 00:06:00.959 then you have the price you pay and that will vary by product. So 89 00:06:00.959 --> 00:06:08.879 what the spot price is spot essentially is a cash market commodity market of unrefined 90 00:06:09.560 --> 00:06:13.279 or unmanufactured products. So when they're talking about the spot market, they're they're 91 00:06:13.319 --> 00:06:15.680 talking about a cash market. Now today it's wire transfer or media payment. 92 00:06:15.720 --> 00:06:20.120 But you know, I think going to an auction and buying a cow, 93 00:06:20.800 --> 00:06:25.199 right, buying a buying a hog, buying a pig, buying a bushel 94 00:06:25.240 --> 00:06:29.920 of soy, buying a bushel a week, you're paying immediate price, cash 95 00:06:29.959 --> 00:06:33.240 price for the spot market of that product. But that product is not refined. 96 00:06:33.279 --> 00:06:35.639 So the cow is just a cow, is not beef, it's not 97 00:06:35.920 --> 00:06:39.759 stay ground bird or something like that. Same thing. With the with metal, 98 00:06:39.800 --> 00:06:45.120 you're you're buying the cash market for the unrefined product, and then that 99 00:06:45.120 --> 00:06:48.000 product has to go through as similar nine process refiners do something to ad minced, 100 00:06:48.000 --> 00:06:53.720 do something with it, and then you have that end result of bullyant 101 00:06:53.759 --> 00:06:57.439 be a gold, silver, platinum, palladium in various different denominations. And 102 00:06:58.399 --> 00:07:02.160 much like anythings out there today, you buy in bulk, you buy larger 103 00:07:02.160 --> 00:07:05.600 items in one chunk, you're going to get less costs that you pay. 104 00:07:05.639 --> 00:07:09.399 So if you buy five pounds of ground beef at the store, be it 105 00:07:09.519 --> 00:07:13.600 Kroger, being Rouse, be it um you know, Jimbos, anything like 106 00:07:13.639 --> 00:07:16.480 that, You're you're going to pay less per pound in that five pound package, 107 00:07:16.519 --> 00:07:18.680 then you will the one pound same thing. You're going to pay less 108 00:07:18.680 --> 00:07:25.519 per pound or less per ounce for a hundred ounces versus a one ounce. 109 00:07:25.560 --> 00:07:28.959 It's all going to be based by the manufacturing. And and when you get 110 00:07:29.000 --> 00:07:30.439 the fractional stuff, Yeah, a lot of people get deterned because they say, 111 00:07:30.480 --> 00:07:34.800 oh, it's it's I'm being charged too much. Well, you're being 112 00:07:34.879 --> 00:07:39.160 charged based on the manufacturer and whether that product unit right right, yeah, 113 00:07:39.240 --> 00:07:42.600 the unit. So when you're thinking fractional metal or even dimes or quarters or 114 00:07:42.759 --> 00:07:47.199 gram bull whether that product is new or not. It is sold on our 115 00:07:47.360 --> 00:07:51.800 end based upon acquisition costs to sell to you or replacement cost of what we 116 00:07:51.879 --> 00:07:57.079 have, all right, and that factors in the initial manufacturing price. So 117 00:07:57.079 --> 00:08:00.759 you don't get a break. If the products you know und and circulated, 118 00:08:00.800 --> 00:08:03.399 you're you're still paying based upon the manufacturing. Now, if it looks like 119 00:08:03.439 --> 00:08:05.120 garbage, I'm going to give you a better deal. So when it goes 120 00:08:05.160 --> 00:08:09.439 in reverse and you're going below one ounce, that's that's like buying travel size, 121 00:08:09.480 --> 00:08:11.720 is what I like to explain. So if you go get three and 122 00:08:11.759 --> 00:08:16.240 a half ounces of shampoo, you're going to pay more per ounce if you 123 00:08:16.240 --> 00:08:18.040 look at the packaging than you will if you get something for sixty four ounces. 124 00:08:20.079 --> 00:08:22.600 Where it comes into play and to your point, and I'm a huge 125 00:08:22.600 --> 00:08:26.000 fan of this because I know a lot of people that would buy one hundred 126 00:08:26.040 --> 00:08:31.159 ounced bars keylow gold ten ounce gold. That's a huge ass chunk. When 127 00:08:31.240 --> 00:08:35.879 you look at the huture valuations of where this market's going to go to absorb 128 00:08:35.960 --> 00:08:41.799 the defaulter bankruptcy of the dollar debt which prices the world, you've got too 129 00:08:41.879 --> 00:08:46.000 much in one chunk. So when you have a banking holiday, which I 130 00:08:46.039 --> 00:08:48.960 think is coming. We can talk about that. Yes, you're not going 131 00:08:50.519 --> 00:08:54.440 to have access to your accounts, you're gonna have limited access to everything, 132 00:08:54.440 --> 00:08:58.759 and you're going to be able to survive on what the Central Bank pushes to 133 00:08:58.759 --> 00:09:03.320 you in CBDC. So when you have one hundred ounces far or even if 134 00:09:03.360 --> 00:09:07.559 you have one ounce, and let's say silver's one hundred dollars, and trust 135 00:09:07.600 --> 00:09:13.360 me, it'll go way, way way beyond that based upon historic map of 136 00:09:13.440 --> 00:09:18.080 where prices rise to meet the default of a previous dominated empire. But if 137 00:09:18.120 --> 00:09:22.919 you have one hundred dollars silver ounce, be at an eagle or anything else, 138 00:09:22.000 --> 00:09:26.519 and you're using that to negotiate for goods and services with your neighbor, 139 00:09:26.200 --> 00:09:30.080 and say you're trying to get a couple of pro pain takes or whatever it 140 00:09:30.120 --> 00:09:31.240 is that you're trying to get. Right, you're trying to get a loaf 141 00:09:31.279 --> 00:09:35.960 of bread, doesn't matter. You're exchanging value of something for another. You're 142 00:09:35.000 --> 00:09:41.399 you're creating a parallel market. And the price said for the goods you're getting 143 00:09:41.519 --> 00:09:46.480 is eighty bucks. Well, you just gave a hundred for eighty dollars. 144 00:09:46.080 --> 00:09:50.279 He's the person you're giving it to. He or you know whoever it is, 145 00:09:50.360 --> 00:09:52.720 guy or girl, they're not giving you twenty dollars back and silver they're 146 00:09:52.759 --> 00:09:58.159 not breaking that off. And at that point, silver and gold will be 147 00:09:58.240 --> 00:10:05.639 so hard to come by that above a manufacturing spread. To acquire that product, 148 00:10:05.679 --> 00:10:09.200 that typical spread, you're going to have to pay some sort of bid 149 00:10:09.240 --> 00:10:13.039 to give it out of someone's hands because it's going to be scarce. And 150 00:10:13.320 --> 00:10:16.960 my estimation, based on what I've seen in this industry, being doing it 151 00:10:16.960 --> 00:10:18.480 as long as I can. When silver's at one hundred bucks approximately, you're 152 00:10:18.519 --> 00:10:22.360 going to pay You could pay one fifty one eighty two hundred dollars. So 153 00:10:22.559 --> 00:10:30.240 you just gave up twenty dollars worth of tangible metal that will cost you thirty 154 00:10:30.279 --> 00:10:33.519 forty fifty dollars to reacquire. It's a losing battle, so you need to 155 00:10:33.559 --> 00:10:39.000 have something a little fractionalized, even though you're paying a higher cost to acquire. 156 00:10:39.080 --> 00:10:39.799 Now, it's going to say, if you're asking the future, it 157 00:10:39.840 --> 00:10:48.320 really will I hide and watch. Unfortunately it's it's I see that how it 158 00:10:48.360 --> 00:10:52.399 plays out. Okay, So I have two questions that you know, when 159 00:10:52.399 --> 00:10:54.879 I was talking to my friend, my people, the people that follow me 160 00:10:54.919 --> 00:11:00.679 on telegram. These these came up in to direct messages to me, and 161 00:11:00.799 --> 00:11:05.240 it was there is there a difference? And should it matter if you go 162 00:11:05.360 --> 00:11:09.720 uncirculated versus circulated, because I know you pay a higher amount for something that's 163 00:11:09.720 --> 00:11:13.559 not seen air or touched air. Is that something that's even going to make 164 00:11:13.600 --> 00:11:18.000 a difference in the crisis type of market. I don't think so. Yeah, 165 00:11:18.080 --> 00:11:20.759 I really don't think so. Um, you know, I mean, 166 00:11:22.279 --> 00:11:26.240 you can get uncirculated coins from government men. You can get them rounds. 167 00:11:26.320 --> 00:11:33.840 You can get uncirculated gold. It looks nicer, right, but gold's gold. 168 00:11:33.320 --> 00:11:37.759 Right. That's the lot going something back to me, and you're you're 169 00:11:37.799 --> 00:11:41.039 selling a product it and it really just does not look good. I'm gonna 170 00:11:41.039 --> 00:11:45.480 give you the metal value plus whatever premium I generally would, and I made 171 00:11:45.559 --> 00:11:48.440 discount of slight bit just because I know for a fact, if I house 172 00:11:48.559 --> 00:11:52.919 that and I sell it to the next person that comes in in, you 173 00:11:52.960 --> 00:11:54.600 know, in all honesty, I wouldn't feel right if I charge them the 174 00:11:54.600 --> 00:11:58.120 full price, right, And it may not be much in silver rounds. 175 00:11:58.120 --> 00:12:01.519 It could be a discount of you know, twenty forty cents that you get 176 00:12:01.679 --> 00:12:05.279 less versus what I'm going to charge less. So I personally don't think that 177 00:12:05.320 --> 00:12:09.240 matters. Where a lot of people think that's going to matter is just the 178 00:12:09.279 --> 00:12:16.279 perception of value due to some sort of new mismatic or just that it hasn't 179 00:12:16.320 --> 00:12:20.879 been touched or circulated. And I just don't see why anybody would pay more 180 00:12:20.919 --> 00:12:24.120 for that. You know, doesn't make sense to me. But I mean, 181 00:12:24.159 --> 00:12:26.679 to each their own. Some people have their belief systems and they just 182 00:12:26.360 --> 00:12:31.279 no matter what you say, they're they're not gonna change their mind. But 183 00:12:31.440 --> 00:12:35.360 to me, doing this for as long as I have that matters nothing. 184 00:12:35.519 --> 00:12:37.519 At the end of the day, you have gold, you have silver, 185 00:12:37.799 --> 00:12:43.240 you have platinum, palladium denominated in whatever increment Graham ounces that you own. 186 00:12:43.600 --> 00:12:48.919 There's a set value to that. Okay. So now the other question, 187 00:12:48.960 --> 00:12:52.240 and I thought this was a good one because it's like a it's like a 188 00:12:52.279 --> 00:12:54.080 circular argument as sense, and it's kind of like a catch twenty two. 189 00:12:54.279 --> 00:13:00.720 And that is why do people who are in the business of selling gold and 190 00:13:00.720 --> 00:13:05.519 silver accept FIAT for it? And why it would that be something that they 191 00:13:05.519 --> 00:13:09.919 would want to part with real tangible, you know, money to receive the 192 00:13:11.279 --> 00:13:18.320 FIA in return Okay, so you broke up a little bit at the end. 193 00:13:18.399 --> 00:13:22.399 So why sell your precious metals for fiat? Yeah? Why why would 194 00:13:22.399 --> 00:13:28.360 Why would that be a value devaluing asset that at one point? Yeah, 195 00:13:28.399 --> 00:13:31.200 like as a company, why would why would why would anybody even sell if 196 00:13:31.200 --> 00:13:35.000 they already have it? Why would they hold onto it and invested in something 197 00:13:35.080 --> 00:13:39.320 or or however way that would work lays selling it? Why would first natural 198 00:13:39.320 --> 00:13:43.440 Buoyding sell their holdings? Yeah? Yes, for what would be paper money? 199 00:13:43.480 --> 00:13:46.639 Basically, you know, well, because the system still based on paper 200 00:13:46.679 --> 00:13:50.200 money. We're a business. Income has to be earned. I mean that 201 00:13:50.759 --> 00:13:54.879 right, I mean, you know, when I get paid and therefore have 202 00:13:56.000 --> 00:14:01.679 to pay my obligations to live. Well, the world is accepting the denomination 203 00:14:01.759 --> 00:14:07.960 in the US here in San Diego of US dollar. They're not accepting gold 204 00:14:07.000 --> 00:14:11.840 and silver. So to live I would have to sell either personal holdings or 205 00:14:11.879 --> 00:14:16.200 the company would have to sell the personal hoilings to someone coming in to buy 206 00:14:16.240 --> 00:14:18.559 the product. Makes that spread we sell it to you slightly above our cost 207 00:14:18.600 --> 00:14:24.360 of acquisition, We're going to buy it back slightly below our cost to sell 208 00:14:24.399 --> 00:14:26.679 it back into the market, and the difference it's called a spread. That's 209 00:14:26.679 --> 00:14:30.399 called your margin. That's how you know you're profitable. That's just the way 210 00:14:30.440 --> 00:14:33.279 the world works. I mean I hear that question a lot. But logically, 211 00:14:33.320 --> 00:14:35.360 I mean, yeah, I could see the point. Why the hell 212 00:14:35.440 --> 00:14:39.519 would you and I I got bills to pay right? And would that change? 213 00:14:41.159 --> 00:14:43.919 Is there a condition in the in the market that you see coming that 214 00:14:43.000 --> 00:14:50.639 would change to where people who are supplying gold and silver would stop because of 215 00:14:50.919 --> 00:14:56.000 what's happening with you know, the value of the dollar, the digital currency. 216 00:14:56.039 --> 00:15:00.759 Would there ever be a time where they wouldn't want that anymore, something 217 00:15:00.799 --> 00:15:03.720 like I don't know, tangible realty or something like that, and return for 218 00:15:03.879 --> 00:15:09.639 it something that would be of substance. Okay, so now we're talking about 219 00:15:09.639 --> 00:15:13.399 parallel markets. Could that happen? I mean, that's going to be a 220 00:15:13.399 --> 00:15:16.919 case by case basis on what anybody's personal perception is going to be, or 221 00:15:16.960 --> 00:15:18.399 how they want to run a business or how they want to thrive and survive. 222 00:15:20.279 --> 00:15:22.960 When the market gets in a super shortage, are there going to be 223 00:15:22.000 --> 00:15:26.120 dealers out there that may hold onto inventory knowing that they could get more in 224 00:15:26.159 --> 00:15:28.559 the future market. Yeah, sure, I mean people do that all the 225 00:15:28.600 --> 00:15:33.480 time. They hold back inventory knowing that the value is going to go up 226 00:15:33.519 --> 00:15:35.759 and that they're going to do it. That happened in the Great Depression. 227 00:15:35.799 --> 00:15:39.919 Certain commodities are not circulated because the farmers, and you can even look back 228 00:15:39.960 --> 00:15:46.480 into the widermer Germany event, the agricultural market and the food market, the 229 00:15:46.840 --> 00:15:50.600 raw materials were held in silos, they were held on farms. They weren't 230 00:15:50.600 --> 00:15:52.840 pushed out there because they knew if they held onto it for another couple of 231 00:15:52.879 --> 00:15:54.759 days or a month, that they're going to get a higher valuation. I 232 00:15:54.759 --> 00:15:58.879 guess the assumption is the same thing could be happening to precious metals. But 233 00:16:00.000 --> 00:16:02.879 parallel markets do exist, and that's what you're talking about. That's going to 234 00:16:02.960 --> 00:16:06.679 be a case by case basis. I cannot say what I see that happening. 235 00:16:06.720 --> 00:16:08.440 I can only say in regards to what I feel the company first national 236 00:16:08.480 --> 00:16:12.759 bullying is going to do or what I would personally do. And yes, 237 00:16:12.799 --> 00:16:18.679 in the future, I win this monetary change to go to CBDC banking holiday 238 00:16:18.799 --> 00:16:25.039 and markets collapse where two hundred ounces of silver is going to buy a single 239 00:16:25.039 --> 00:16:27.360 family house, and I do think that's coming. Well, Um, yeah, 240 00:16:27.480 --> 00:16:30.639 at that point in time, if if you have something willing to sell 241 00:16:30.840 --> 00:16:36.399 an item for and willing to accept what you're giving for said items. Absolutely 242 00:16:37.200 --> 00:16:41.399 that that's gonna happen as a business model. It's it's it's kind of hard 243 00:16:41.440 --> 00:16:44.639 to speculate on that. I personally don't think first National Bulleting will get to 244 00:16:44.639 --> 00:16:48.639 the point of that, um, because not everybody. We want to serve 245 00:16:48.759 --> 00:16:52.840 everybody, and not everybody's gonna, you know, have that house or it's 246 00:16:52.960 --> 00:16:56.279 that item. But we do, you know, we do accept crypto, 247 00:16:56.919 --> 00:17:00.080 you know, so if you want to, we'll take crypto and in ship 248 00:17:00.080 --> 00:17:10.400 your metal. And the last question was collectors commemorative coins versus just buying rounds. 249 00:17:10.680 --> 00:17:15.240 What's your take on that? Where do you think they Again, and 250 00:17:15.359 --> 00:17:18.519 in a situation like now, you might be able to find collectors, no 251 00:17:18.640 --> 00:17:22.119 problem. Down the road, maybe collectors aren't going to really care whether or 252 00:17:22.119 --> 00:17:26.960 not it's a rare coin. Rather and it's simar about the way, yep, 253 00:17:26.519 --> 00:17:30.480 yep, that's exactly it. Um, No one's gonna care. No 254 00:17:30.519 --> 00:17:36.000 one gives a dame in my opinion, So I'm not a big fan of 255 00:17:36.039 --> 00:17:40.240 the collector market. I'm not even a huge fan of the US silver eagle 256 00:17:41.200 --> 00:17:45.559 market. Because for every three silver egals that you buy, you could get 257 00:17:45.640 --> 00:17:48.920 essentially four rounds, So you got to do the math to see how much 258 00:17:48.960 --> 00:17:52.440 more value you have. Um On a side note, since I brought up 259 00:17:52.440 --> 00:17:59.920 silver eagles, the only only reason I would see someone buying us minted gold 260 00:18:00.079 --> 00:18:03.680 or silver egals primarily silver regals because the spread percentage wise is much higher than 261 00:18:03.680 --> 00:18:11.599 a gold eagle versus a one ounce gen bar, is that you've got a 262 00:18:11.599 --> 00:18:17.319 lot of movement in various states making gold and silver legal tender where you can 263 00:18:17.359 --> 00:18:22.559 actually settle your tax obligation with the state. Pay Parking finds things like that 264 00:18:22.680 --> 00:18:26.920 in a gold form of us men being that it's a treasury coin. So 265 00:18:26.960 --> 00:18:33.720 if you look at history physical gold coins the British pound, a small handful 266 00:18:33.759 --> 00:18:37.720 of those would buy the swankiest flat and the nicest part of town in the 267 00:18:38.480 --> 00:18:45.799 collapse. Same thing in Germany. But we're relating this to when actual gold 268 00:18:45.799 --> 00:18:48.200 and silver was circulated as money. So my speculation is if you were to 269 00:18:48.279 --> 00:18:52.960 buy those, there could be a shot where those items could be used to 270 00:18:53.160 --> 00:18:56.799 settle title at say real estate, and anes girl like they would accept it 271 00:18:56.799 --> 00:19:02.920 as money good, whereas a hundred ounced bar or around would generally probably have 272 00:19:03.000 --> 00:19:06.440 to be sold back into the marketplace as someone like us or anybody like us 273 00:19:06.440 --> 00:19:11.519 to go into the central bank digital fashion to settle that product, because you're 274 00:19:11.559 --> 00:19:14.480 going to have to have title to clear the land that you're trying to buy. 275 00:19:14.599 --> 00:19:19.039 Unfortunately, government's always involved. To the further note of someone paying a 276 00:19:19.200 --> 00:19:26.440 premium to get let's say a graded MS sixty five various date whatever low mintage 277 00:19:26.559 --> 00:19:33.000 date of a twenty dollar gold piece SAT goadn or liberty, to pay an 278 00:19:33.000 --> 00:19:41.160 exorbitant premium based on what some valuation by a pneumatist is, you're not always 279 00:19:41.160 --> 00:19:45.880 going to get that back. I think it's wasted money. Not to say 280 00:19:45.920 --> 00:19:51.000 that some old coins, because not everything old is rare. They not have 281 00:19:51.440 --> 00:19:56.920 just astronomical value in the future. Once all money and bank notes are removed, 282 00:19:56.960 --> 00:19:59.400 then maybe some of that old stuff that was used as money as super 283 00:19:59.480 --> 00:20:03.519 high collect I don't know. But you make your money when you buy something, 284 00:20:03.559 --> 00:20:04.799 not necessarily when you sell something. A lot of people sell that and 285 00:20:04.920 --> 00:20:10.920 say that, and people need to know, so buy low, sell high. 286 00:20:11.039 --> 00:20:14.039 It's as simple as that. Get as many ounces as you possibly can. 287 00:20:14.319 --> 00:20:21.759 Now when markets fall apart, and you say you have ultra wealthy people 288 00:20:22.079 --> 00:20:30.359 are an individual that's been stocking let's say graded or numismatic rarity coins, that 289 00:20:30.480 --> 00:20:33.759 market collapses along with it, right, and what you as you said, 290 00:20:33.799 --> 00:20:41.599 you're left with that bullion that bullion weight. Kind of like any high end 291 00:20:41.759 --> 00:20:45.119 market in auction houses over times. It could be wine, it could be 292 00:20:45.279 --> 00:20:49.119 artwork, it could be collectible cars. Right, if ten people own collectible 293 00:20:49.119 --> 00:20:55.599 portions and everybody goes broke the same way if they're not positioned appropriately. And 294 00:20:56.079 --> 00:21:00.400 this what's common is set to entirely wipe you out. If you're not position 295 00:21:00.480 --> 00:21:04.039 correctly. You sell what you have to. You don't sell necessarily what you 296 00:21:04.079 --> 00:21:07.200 want to. So if you have, you know, ten high end cars 297 00:21:07.240 --> 00:21:11.880 out there at five hundred thousand dollars apiece, and three or four of those 298 00:21:11.880 --> 00:21:15.640 individuals go broke and they have to fire or sell those things. You know, 299 00:21:15.960 --> 00:21:18.799 the first one could go at four hundred thousand, next one goes at 300 00:21:18.839 --> 00:21:22.960 three hundred thousand, third one goes at two hundred and fifty. So you 301 00:21:22.000 --> 00:21:25.599 go from five hundred to two hundred and fifty thousand, even though you think 302 00:21:25.640 --> 00:21:26.960 you have a five hundred thousand dollar car. You got to find a buyer, 303 00:21:27.519 --> 00:21:32.000 right, And that's the problem. And when people go broke, they 304 00:21:32.000 --> 00:21:36.240 just look for value. I mean, their sensibility comes to play. Then 305 00:21:36.400 --> 00:21:40.039 it's it's you know, they don't think about it going into at least not 306 00:21:40.119 --> 00:21:42.519 everybody. They get it kind of wrong, and they put money into those 307 00:21:42.559 --> 00:21:47.119 markets again to each of their own. I don't necessarily recommend it. I 308 00:21:47.119 --> 00:21:52.920 can do it again. I know enough to be dangerous to satisfy that if 309 00:21:52.960 --> 00:21:57.480 someone wanted to find I've bird dog coins before, I know, you know. 310 00:21:57.559 --> 00:22:03.200 But my recommendation is to be value. How many ounces do you have 311 00:22:03.400 --> 00:22:06.559 multiplied by where the price is going, and there's math to where it could 312 00:22:06.559 --> 00:22:11.039 easily go. Decide for yourself. And then you want various increments one hundred 313 00:22:11.039 --> 00:22:14.640 ouns bars a couple of those going to buy a house, right, the 314 00:22:14.680 --> 00:22:18.119 dimes and quarters from nineteen sixty four, the Graham gold the gold backs, 315 00:22:18.480 --> 00:22:22.039 which I'm a huge fan of. That's going to get you through the hard 316 00:22:22.039 --> 00:22:23.279 times. That quarter is going to be a fifty dollars bill, maybe even 317 00:22:23.319 --> 00:22:29.400 more. Yeah. I think Liz Lyndon Johnson wasn't it in nineteen sixty five 318 00:22:29.440 --> 00:22:33.119 who changed the coinage forever with a statement something like we don't have any attention 319 00:22:33.160 --> 00:22:38.720 of ever turning back on this, yeah, telling the medals. Yeah, 320 00:22:38.759 --> 00:22:42.759 and well that's that's because it just became too expensive. And we're there now 321 00:22:42.799 --> 00:22:45.960 even with the base metals. It's been a long time since I thought about 322 00:22:45.960 --> 00:22:48.839 this, but yeah, what does it cost over two cents to make a 323 00:22:48.880 --> 00:22:53.160 penny? It cost over ten cents to make a nickel. Right in sixty 324 00:22:53.200 --> 00:22:56.680 four, it was costing over twenty five cents to make the quarters. So 325 00:22:56.720 --> 00:23:00.559 they took it out and then they reduced in the half dollars from sixty five 326 00:23:00.599 --> 00:23:04.599 to sixty nine. They reduced it from ninety percent silver to forty percent, 327 00:23:04.640 --> 00:23:08.880 and then they had some commemorative you know, eight dollars and and things like 328 00:23:08.920 --> 00:23:12.799 that, which we just buy on weight. We don't we don't buy them 329 00:23:12.799 --> 00:23:18.279 on any again, collectible value. But that's a that's a clear sign. 330 00:23:18.480 --> 00:23:25.240 Right When governments, even back in sixty four, start removing the product from 331 00:23:25.880 --> 00:23:30.000 the actual weighted monetary value from their coinage, you know they're on the decline. 332 00:23:30.039 --> 00:23:33.480 The Roman Empire did that. They had a pure silver coin of ninety 333 00:23:33.519 --> 00:23:37.200 nine percent silver, and they devalued it all the way below fifty. Well, 334 00:23:37.720 --> 00:23:41.400 right, so they're falling apart, and now not even with gold and 335 00:23:41.440 --> 00:23:45.920 silver and our monetary base. Now you're just looking at the base metals and 336 00:23:45.400 --> 00:23:49.680 in some of our minted coins, it's it's cost costing twice the face value 337 00:23:51.359 --> 00:23:53.799 of what that coin is actually worth in spendable use. When you go to 338 00:23:53.839 --> 00:23:56.640 the store, you spend a penny, you get a penny, but it's 339 00:23:56.640 --> 00:24:00.440 costing over two cents to make. So we're going in reverse. And the 340 00:24:00.559 --> 00:24:06.559 US dollar is a utility marker to extract value for global training debt. It 341 00:24:06.680 --> 00:24:08.799 is done, and it's going to, in my opinion, be revalued, 342 00:24:08.880 --> 00:24:15.160 repriced um and I believe that happens very very soon, very soon. Okay, 343 00:24:15.240 --> 00:24:19.799 So I know you have a lot of knowledge on a lot of the 344 00:24:19.799 --> 00:24:26.160 the collapse that's happening. So what does your take on bricks and how that 345 00:24:26.200 --> 00:24:30.839 affects everything, And you know, the petro dollar and this hold, this 346 00:24:30.880 --> 00:24:34.960 whole push. I mean, I think even India had already almost overnight, 347 00:24:36.000 --> 00:24:38.119 they had pulled money from I don't know if it was the entire country, 348 00:24:38.119 --> 00:24:44.440 but they they had reverted to digital and basically made everything worthless in a link 349 00:24:44.519 --> 00:24:48.960 of an eye. So I mean, where are we headed, how fast 350 00:24:48.039 --> 00:24:52.119 is it heading that way? And what do you see coming in the in 351 00:24:52.160 --> 00:24:59.880 the short end and the long term. What are the actual elements there that 352 00:25:00.319 --> 00:25:08.119 we need to be cognizant of. Well, the writings on the wall and 353 00:25:08.119 --> 00:25:11.839 it's it's just whether you're willing to look at it for what it is and 354 00:25:12.039 --> 00:25:17.599 not listen to the speak of of what, let's say, a Jerome pallor 355 00:25:17.640 --> 00:25:21.799 politicians say because they lie all the time. First of all, we'll start 356 00:25:21.880 --> 00:25:25.720 by saying this, I do not believe, in my opinion, that there 357 00:25:25.799 --> 00:25:27.640 is a right or a left on a political party. I do not believe 358 00:25:27.680 --> 00:25:33.279 there's an East and West on a global dominant scale. I believe the world 359 00:25:33.400 --> 00:25:40.559 is incorporated, and you have the government incorporation, and you have the banking 360 00:25:40.640 --> 00:25:45.039 incorporation, and the world has rulers and it has for a very very long 361 00:25:45.039 --> 00:25:48.200 time. So you got to look at history on how they play this out 362 00:25:48.240 --> 00:25:55.880 and not listen to the BS speak that's going on. So I'll kind of 363 00:25:55.880 --> 00:25:57.880 give you a scenario of how I think this plays out in terms that I 364 00:25:57.920 --> 00:26:06.720 find most people can digestum. So, the world is one big corporation. 365 00:26:07.079 --> 00:26:12.480 Right, you got DC, you got London, you got government. You 366 00:26:12.519 --> 00:26:17.720 know they're they're incorporated, right, States, cities, they're all incorporated. 367 00:26:17.759 --> 00:26:22.400 It's it's a business and that's funded by the business model of the banking system, 368 00:26:22.400 --> 00:26:26.839 primarily dominated by the Bank of England and the Rothchilds and has been for 369 00:26:26.960 --> 00:26:32.279 centuries. And if you look at the world as one big corporation and each 370 00:26:32.319 --> 00:26:36.920 country is a division of that corporation, you could have research and development, 371 00:26:36.960 --> 00:26:41.599 you could have whatever it is, right, m business is not doing all 372 00:26:41.640 --> 00:26:49.240 that great because the marker of valuation and accounting for accountability is failing all right, 373 00:26:49.279 --> 00:26:52.279 And an accounting you have plus you have minus. That's that's really it. 374 00:26:52.559 --> 00:26:56.519 Um You can massage numbers to get any alcohok you want through hydemics and 375 00:26:56.599 --> 00:27:02.079 what you decide to admit or allow, but it's simple math plus an accounting. 376 00:27:03.960 --> 00:27:07.240 The corporation of the world is not doing very well. So the world 377 00:27:07.279 --> 00:27:15.480 business has to go through some sort of consolidation and restructuring, which we're seeing 378 00:27:15.680 --> 00:27:21.559 with the move from the supposed west to the east. We have to go 379 00:27:21.680 --> 00:27:26.279 through a scenario of mass layoffs. And I'll leave that to people's imagination of 380 00:27:26.359 --> 00:27:29.799 what that actually means and what I'm saying. Yeah, I think I know 381 00:27:29.880 --> 00:27:33.720 what you mean there. Yeah, and then you need to have some sort 382 00:27:33.759 --> 00:27:42.319 of AI or digital structure implemented for better servicing and the old business model, 383 00:27:44.160 --> 00:27:48.359 right, think SVB Bank, they had ninety some billion dollars worth of bonds. 384 00:27:48.359 --> 00:27:49.160 They're good bonds. They had way more than that. The rest was 385 00:27:49.200 --> 00:27:52.599 crap. But this is the semi good stuff. It was bought for I 386 00:27:52.599 --> 00:27:55.359 think thirty one thirty two cents on the dollars. So when companies go out 387 00:27:55.359 --> 00:27:57.079 of business, they're generally bought out for pennies on the dollars. So the 388 00:27:57.119 --> 00:28:00.039 old business model is going out of business and we're restructured a new one. 389 00:28:00.079 --> 00:28:06.720 So the dollar debt with dominates the business model. Right, debt makes currency. 390 00:28:06.759 --> 00:28:10.759 Debt is currency mindcy of interest is zode your viewers. I'm sure know 391 00:28:10.839 --> 00:28:15.119 that that is going to get bought out by the new digital model, and 392 00:28:15.240 --> 00:28:19.720 it could be as low as one to five cents for every dollar, right, 393 00:28:19.920 --> 00:28:25.599 and that discharges the debt. It's just a currency of reevaluation. And 394 00:28:25.640 --> 00:28:29.720 then we move on to what's next where the bricks comes in. I don't 395 00:28:29.759 --> 00:28:33.400 believe the Bricks will be a dominant world reserve. I will. I do 396 00:28:33.480 --> 00:28:36.440 believe that they will be a reserve in general, and I believe it's going 397 00:28:36.480 --> 00:28:38.720 to be a commodity based, not backed money, but commodity based based on 398 00:28:40.880 --> 00:28:45.319 what a country's involvement has in natural resources or what it brings to the table. 399 00:28:45.640 --> 00:28:49.720 Puts it on a tier compared to its partners on where they stand in 400 00:28:49.759 --> 00:28:55.039 that pecking order, what people really need to be aware of, and most 401 00:28:55.039 --> 00:28:57.839 people, I'm assuming your listeners already are. If not, I'll say it 402 00:28:59.640 --> 00:29:04.319 just with the applications of Bricks membership in the last year and now Frances wanting 403 00:29:04.359 --> 00:29:07.839 to be really pushing to be a part of it. It doesn't end here, 404 00:29:07.319 --> 00:29:11.680 but just where it stands right now. If Bricks, all these applications 405 00:29:11.680 --> 00:29:19.559 were to go through the GDP or measure again of the business profit or revenue 406 00:29:21.000 --> 00:29:26.759 of the Bricks nations would exceed the US dominant marker for world business. It 407 00:29:26.799 --> 00:29:32.640 would exceed our current GDP. I think like forty or fifty percent. I 408 00:29:32.640 --> 00:29:36.200 mean, it's it's an astro clinical number. If all these people get involved, 409 00:29:36.240 --> 00:29:41.880 the population control of those that are in this world, within these regions 410 00:29:41.960 --> 00:29:47.079 would exceed fifty percent of global population. And the resources, the things you 411 00:29:47.279 --> 00:29:52.000 need to make durables, the oil, the refinements, the ores, the 412 00:29:52.079 --> 00:29:56.319 metals, natural gas would exceed sixty percent of all that's available on the planet. 413 00:29:56.480 --> 00:30:03.680 That is a huge reality, right. So are we going to the 414 00:30:03.839 --> 00:30:08.720 east? Yes? Is that a political move? I don't think so. 415 00:30:10.720 --> 00:30:15.640 Is it a business decision by the government incorporated entities? Hell? Yes, 416 00:30:15.240 --> 00:30:18.200 And it's allowed to happen. And what should drive it home for people to 417 00:30:18.240 --> 00:30:21.960 realize that is real? Like me, because I talked to a lot of 418 00:30:22.000 --> 00:30:25.759 people. I talked to a guy two days ago. He was saying, 419 00:30:25.759 --> 00:30:27.880 the stickiness of the dollar, there's always going to be demand for it. 420 00:30:29.680 --> 00:30:34.200 Now there's not because it's going to get revalued and you moved to something else. 421 00:30:36.799 --> 00:30:42.759 So this is allowed to happen because you have not only Iraq, Iran 422 00:30:42.920 --> 00:30:49.200 and Saudi Arabia within the last year all mentioned openly that they would like to 423 00:30:49.240 --> 00:30:53.200 circumit the dollar or just we're gonna sell oil. We want to start selling 424 00:30:53.240 --> 00:30:57.359 oil in something out of dollars. We may make bilateral trade. And keep 425 00:30:57.359 --> 00:31:00.279 in mind the petrol dollar, as you mentioned, to talk about that, 426 00:31:00.279 --> 00:31:06.640 the petro dollar was initiated I believe in seventy seventy five, coming off the 427 00:31:06.640 --> 00:31:11.079 exchange of gold, simply because you had to have a demand to circulate that 428 00:31:11.119 --> 00:31:15.359 Ponzi scheme. Again, a dollar borrowed creates a dollar of utility, but 429 00:31:15.160 --> 00:31:18.960 the thirty cents and interest is never made, but it's owed. So the 430 00:31:19.000 --> 00:31:22.799 world goes more than it has the ability to pay. You must continuously roll 431 00:31:22.920 --> 00:31:26.799 that over. How do you do that in a bond market where grandmas are 432 00:31:26.799 --> 00:31:32.440 buying less treasury bills to give to their kids in the stocking It usually that 433 00:31:32.640 --> 00:31:37.559 ends up going into them taking your natural resources and can controlling it as a 434 00:31:37.759 --> 00:31:41.880 as a payment back la default exactly. And you have these three countries, 435 00:31:41.920 --> 00:31:45.119 and these aren't the only three, and there's been other things. Arguchinas is 436 00:31:45.720 --> 00:31:48.640 circumitting the dollar, Brazil. I mean, there's so many countries that are 437 00:31:48.640 --> 00:31:52.319 circumitting the dollar on certain levels, with the bricks and the Chinese. You 438 00:31:52.400 --> 00:31:56.759 want, so back to the point, you have these three countries that say, 439 00:31:56.759 --> 00:32:00.119 hey, by the way, were we just want to get something different 440 00:32:00.119 --> 00:32:06.079 for dollar? They talked about it crickets, then they actually went and did 441 00:32:06.119 --> 00:32:12.559 it. Nothing happened all right, remember Kaddafi, Yeah he was. He 442 00:32:12.640 --> 00:32:17.319 just a little too soon, I mean, because still had that perceived utility. 443 00:32:17.480 --> 00:32:22.039 It was not exhausted yet. But when he mentions it for reasons of 444 00:32:22.160 --> 00:32:24.759 different perspective, what do we do. We bomb the hell out of the 445 00:32:24.759 --> 00:32:30.960 country. Yeah, So this is allowed to happen. Everything else's kabuki theater. 446 00:32:30.599 --> 00:32:34.519 It is allowed to happen. The dollar has run its role due to 447 00:32:34.640 --> 00:32:37.200 expansion of the currency system, to create more debt, to create more currency, 448 00:32:37.720 --> 00:32:42.839 to push market evaluations up, give people the illusion that they feel well 449 00:32:43.200 --> 00:32:46.079 are they're wealthy, and then something happens to that fluency. Something happens to 450 00:32:46.200 --> 00:32:52.119 the rate of repayment which goes up or the fluency of it. And when 451 00:32:52.200 --> 00:32:59.279 that happens in conjunction, you can't put your hands on new liquidity to satisfy 452 00:32:59.279 --> 00:33:04.440 the old liquid When you're constantly barn Peter to pay Paul in a liquid market, 453 00:33:05.440 --> 00:33:09.400 and that happens about every seven to ten years, then you get a 454 00:33:09.480 --> 00:33:15.160 change in that which forces the defaults to happen. Defaults lower a monetary base, 455 00:33:15.319 --> 00:33:20.480 give the country of dominance a little cleaner or cushion on their balance sheet. 456 00:33:20.480 --> 00:33:24.359 They live to fight another day. The assets that individuals or businesses borrow 457 00:33:24.400 --> 00:33:31.839 against to perform living, drive their cars, operate businesses, those get reclaimed 458 00:33:31.880 --> 00:33:35.720 by the financiers, so they take your wealth from you. The interest is 459 00:33:35.720 --> 00:33:38.799 still owed even though it's never made, and through the extraction process they've made 460 00:33:38.839 --> 00:33:45.240 people broke independent on this liquidity system. There's so many people that you know, 461 00:33:45.279 --> 00:33:49.359 even if they know what's coming, they're just not doing all the right 462 00:33:49.400 --> 00:33:52.640 things. They're they're living off credit cards, are taking lavish trips, and 463 00:33:52.640 --> 00:33:55.480 they really should be buckling down and getting out of debt and acquiring the assets 464 00:33:55.480 --> 00:33:59.880 that are going to carrying them through. Then you come to the end of 465 00:33:59.880 --> 00:34:04.720 the expansion where a currency like the dollar has run its course and it no 466 00:34:04.799 --> 00:34:08.840 longer has any utility or vitility because it cannot even afford the interest on its 467 00:34:08.880 --> 00:34:14.039 debt. And then you get countries like Iran, Iraq and Saudi Arabia saying, 468 00:34:14.079 --> 00:34:15.039 hey, by the way, we're thinking of something other than dollar. 469 00:34:15.239 --> 00:34:19.400 Nothing happens. By the way we're doing it, nothing happens. It's allowed 470 00:34:19.400 --> 00:34:27.559 to happen. Now, I when this goes down, and I know I'm 471 00:34:27.639 --> 00:34:30.280 kind of all over in the place, but I can I interject something real 472 00:34:30.320 --> 00:34:32.440 quick and just ask you this? So are you talking about what you want 473 00:34:32.440 --> 00:34:37.079 to talk about it? Do you think that the the you know, halting 474 00:34:37.119 --> 00:34:40.960 of the oil pipelines and stuff like that, is an indication that we don't 475 00:34:40.960 --> 00:34:45.159 own our natural resources anymore? Do you think that's I mean, we defaulted 476 00:34:45.239 --> 00:34:50.840 in nineteen thirty three, didn't we go to bankruptcy then? So basically we 477 00:34:50.880 --> 00:34:53.480 don't have sovereignty anymore. If you're in bankruptcy, somebody else owns you. 478 00:34:53.480 --> 00:34:59.079 You're you're something, they're You're a benefactor now. And I mean, would 479 00:34:59.079 --> 00:35:01.320 it take twenty years from nineteen thirteen to nineteen thirty three for them to completely 480 00:35:01.320 --> 00:35:07.719 destroy the country to expansion and contraction cycle? First depression in twenty one barrier 481 00:35:07.920 --> 00:35:12.719 we talked about, and then uh in twenty twenty nine, and then the 482 00:35:13.119 --> 00:35:16.639 government squeeze the market agriculturally and drop rces zero. What they didn't ease because 483 00:35:16.639 --> 00:35:20.199 they had to create as much pain to go from one structure another. As 484 00:35:20.280 --> 00:35:25.239 regards to the flow of natural resources, do I think we own them? 485 00:35:24.199 --> 00:35:29.960 I don't know. I doubt it, right, I mean, what's happening 486 00:35:30.000 --> 00:35:35.159 in Canada with China and basically they Yeah, that's the oldest play in the 487 00:35:35.199 --> 00:35:38.920 book. I mean, um and that and actually, uh, the IMAP 488 00:35:38.960 --> 00:35:44.800 over in the Europe and IMF being kind of a lender of last resorts UM 489 00:35:44.880 --> 00:35:49.480 with the World Bank like the Federal Reserve to the US. When the IMF 490 00:35:49.559 --> 00:35:53.079 gives loan to the world, they'll work in agreements where if the loan is 491 00:35:53.119 --> 00:35:58.000 not paid, they they get your electoral get grid, they get your water 492 00:35:58.039 --> 00:36:00.599 source, they get your resources. So yeah, that's the case. And 493 00:36:00.639 --> 00:36:04.840 then if you look UM, which I won't talk too much about because I'm 494 00:36:04.840 --> 00:36:07.320 not a huge expert in it, but if you look at the structure with 495 00:36:07.360 --> 00:36:15.840 the WHO backed by the UN of what they can do in the next fear 496 00:36:15.840 --> 00:36:19.320 of God scenario, which I believe is going to be engineered for sure, 497 00:36:19.440 --> 00:36:24.639 why wouldn't they take advantage of that UM that superseds any sovereign government or constitution 498 00:36:24.880 --> 00:36:29.719 and gives them claim to all resources as well. So yeah, you again, 499 00:36:29.880 --> 00:36:34.480 you own nothing and you're happy because because if you speak about it, 500 00:36:34.480 --> 00:36:36.960 you lose your credits. That's why you have to be happy at least appear 501 00:36:37.039 --> 00:36:40.679 to be happy. Yeah, or play along, right, play long? 502 00:36:40.920 --> 00:36:45.559 Um, I believe this was the the IMF in twenty fourteen that loaned something 503 00:36:45.599 --> 00:36:52.639 like something small by by these standards today, but six billion dollars to Ukraine. 504 00:36:52.079 --> 00:36:55.599 But they split, They cut their pensions by fifty percent, they jacked 505 00:36:55.639 --> 00:37:01.159 their utilities like like eighty percent. And that's the condition they left the man 506 00:37:01.719 --> 00:37:05.599 just because a couple of Ukrainians got together and said, hey, you know, 507 00:37:05.800 --> 00:37:07.119 we kind of like what Putin's got going on. We want we would 508 00:37:07.199 --> 00:37:13.239 rather be united with Russia. And then then everybody moved in and just cause 509 00:37:13.320 --> 00:37:16.360 havoc for them, including NATO. Yeah, and you can see something similar 510 00:37:16.440 --> 00:37:21.480 happening here when this banking holiday happens. And I do believe a banking holiday 511 00:37:21.519 --> 00:37:23.119 is going to happen. Does that mean they just close when you say holiday, 512 00:37:23.719 --> 00:37:28.440 I'm sorry, what when you say banking holiday that that term is that? 513 00:37:28.440 --> 00:37:30.320 I mean they just closed and they should they locked their doors or what? 514 00:37:30.920 --> 00:37:32.800 Oh? Yeah. In my opinion, I think at some point, 515 00:37:32.800 --> 00:37:38.880 all exchanges and everything's just going to halt. Um nasdack doubt you know, 516 00:37:39.119 --> 00:37:44.119 Russell, uh, money markets, banking, I think it's all it's all 517 00:37:44.159 --> 00:37:46.800 going to come to a halt at some point. Um for our better good 518 00:37:46.840 --> 00:37:52.599 to have it figured out what went wrong? Because global debt is currently at 519 00:37:52.639 --> 00:37:59.400 over one point five quadrillion dollars with two percent observes being generous, someone has 520 00:37:59.440 --> 00:38:01.840 to be the pipe or if we're going to this business buy out or structure 521 00:38:01.880 --> 00:38:06.320 of one structure to another. As I mentioned, Yeah, the heavy lifting 522 00:38:06.440 --> 00:38:08.719 is a good old fashioned market collapse. But there's not enough assets to sell 523 00:38:08.760 --> 00:38:14.280 into a marketplace and generate capital to pay back promises. Um, so everybody's 524 00:38:14.280 --> 00:38:17.400 gonna everybody's gonna get screwed, and they'll shut it down for our better good 525 00:38:17.480 --> 00:38:21.679 in my opinion, as everything's for our better good, and I think that's 526 00:38:21.960 --> 00:38:25.840 which a digital currency is really going to be enforced. And when this happens, 527 00:38:25.880 --> 00:38:30.199 I don't know. I I it'll happen when those that control the system 528 00:38:30.199 --> 00:38:31.719 are on the right side of the trade and they're in they're generally for the 529 00:38:31.719 --> 00:38:35.519 most part, out of risk. So, um, they're not going to 530 00:38:35.599 --> 00:38:37.679 get us hurt. Then they'll let it happen. They'll shut it down. 531 00:38:37.760 --> 00:38:40.599 If you still want to get gas or go to the grocery store, Hey, 532 00:38:40.679 --> 00:38:45.119 download a fed now app. Yeah. The biosecurity element of it is 533 00:38:45.119 --> 00:38:50.239 what makes it absolutely terrifying. I mean it's if that's if that's linked to 534 00:38:50.320 --> 00:38:52.280 how much credits you have, you know, how much you're allowed, and 535 00:38:52.320 --> 00:38:54.639 the fact that they can just turn you off if they don't like what you're 536 00:38:54.679 --> 00:38:59.159 doing. God forbid you drive a car too much or even you know, 537 00:38:59.320 --> 00:39:01.679 be still maintain mobility. I mean that could be a crime in and of 538 00:39:01.760 --> 00:39:07.559 itself too. You know, it's it's very it's very very uh not just 539 00:39:07.639 --> 00:39:12.079 despotic, but I mean this is communism on a whole different level. If 540 00:39:12.119 --> 00:39:16.039 it happens the way it appears that it's going to happen now, I I 541 00:39:16.039 --> 00:39:22.000 would agree it's it's um, it's terrifying. Yeah, it is absolutely terrifying. 542 00:39:22.039 --> 00:39:23.599 And I know people that say, you know, I'll never be a 543 00:39:23.639 --> 00:39:29.400 part of it. I don't know how you're not gonna. And I had 544 00:39:29.400 --> 00:39:30.800 a claim, I had a claim that I had a good conversation with about 545 00:39:30.800 --> 00:39:36.960 a month ago on this. And he's very well off, lots of acreage, 546 00:39:37.079 --> 00:39:39.719 lots of everything. I mean, he could he could live for quite 547 00:39:39.719 --> 00:39:45.039 a long time, probably longer than he has enough resources to probably outlive him. 548 00:39:45.079 --> 00:39:47.239 But not everybody does that. Right, I'm forty nine years old, 549 00:39:47.239 --> 00:39:52.559 like I think I'll live for a while. Um, how do you put 550 00:39:52.719 --> 00:39:57.840 enough resources together to live outside of that system, let's say, like a 551 00:39:57.880 --> 00:40:00.840 hermit forever till the day you die. At some point I think you have 552 00:40:00.920 --> 00:40:07.679 to reintroduce yourself or or get involved in it. Yeah, it's it's it's 553 00:40:07.719 --> 00:40:13.199 scary, the thing they're talking about with the surveillance. There's a video I 554 00:40:13.280 --> 00:40:20.119 watched by a guy I believe our Urman Jabi. He blew a whistle working 555 00:40:20.199 --> 00:40:25.039 for UM surveillance in phones and cameras at Silicon Valley, and he did a 556 00:40:25.079 --> 00:40:30.400 really really well good put together video that extends about every so often whenever he's 557 00:40:30.400 --> 00:40:34.440 interviewed, he adds about another eight to ten minutes to it, and his 558 00:40:34.480 --> 00:40:37.840 claim was, um, and I have nothing to back this up other than 559 00:40:37.880 --> 00:40:42.320 his claim, but I will mention it that he mentions that the US has 560 00:40:42.440 --> 00:40:45.639 more surveillance capability than China and UK combined. It's just a matter of flicking 561 00:40:45.719 --> 00:40:50.360 the switch. Yeah, that that should scared the hell out of everybody. 562 00:40:50.559 --> 00:40:55.800 Um, it really should. So more to the point on what metal right, 563 00:40:55.840 --> 00:40:59.320 because that's kind of what I'm here to talk about. What looking for 564 00:40:59.480 --> 00:41:04.119 you? If you don't have it, you're in trouble. You are in 565 00:41:04.199 --> 00:41:08.159 trouble if you look at what you mentioned how deep this can go with surveillance 566 00:41:08.159 --> 00:41:13.280 of what you're allowed and not allowed to do with a digital currency that will 567 00:41:13.719 --> 00:41:17.719 be used at one place and not another and have an expiration date. And 568 00:41:19.400 --> 00:41:21.400 you know, if you have a million dollars, well, who needs a 569 00:41:21.440 --> 00:41:22.519 million dollars? We'll tell you what, give it to us, and we'll 570 00:41:22.559 --> 00:41:28.159 dole it out to you as we need to. You're talking total control. 571 00:41:28.320 --> 00:41:31.960 And if you don't have something of value to keep yourself buffered from that system, 572 00:41:32.039 --> 00:41:36.760 or at the very least that rises in value to match a default of 573 00:41:36.840 --> 00:41:38.679 a dominant yield. And this goes all the way back to the Roman Empire. 574 00:41:38.719 --> 00:41:44.119 Guys, you're not going to be able to pick up on those deals 575 00:41:44.159 --> 00:41:47.199 with land and real estate. You still got to try, right, This 576 00:41:47.360 --> 00:41:52.639 is like two thousand and eight on Crack. It's the Great Depression on Crack. 577 00:41:52.679 --> 00:41:53.800 It sucks that it's going to a digital fashion. I've been waiting for 578 00:41:53.840 --> 00:41:58.760 this for a very long time, and the digital system is not something I 579 00:41:58.800 --> 00:42:02.159 saw coming twenty years ago. It really did. It's it's a wrench in 580 00:42:02.239 --> 00:42:07.679 my plan. But if you don't have something to work with your dead you 581 00:42:07.719 --> 00:42:13.559 are absolutely dead in the water. I think that's literal and physics and figurative. 582 00:42:13.599 --> 00:42:19.199 I would imagine, yeah, yeah, yeah. If you get ten 583 00:42:19.320 --> 00:42:22.639 twenty five cents on every dollar and a revaluation, and you think you're wealthy, 584 00:42:22.800 --> 00:42:27.320 then you don't have enough to work together to buy anything. And if 585 00:42:27.320 --> 00:42:30.800 you have a family or you have needs of your own, what are you 586 00:42:30.840 --> 00:42:35.000 gonna do. I mean, that's the reality of it, um, But 587 00:42:35.239 --> 00:42:37.280 more to that point, um, And I'll tell you this if you don't 588 00:42:37.320 --> 00:42:42.119 mind, you seem like you were going to ask me another question. Actually 589 00:42:42.159 --> 00:42:45.840 I'll stop. Well, I would just I would just when when you had 590 00:42:45.840 --> 00:42:47.119 brought up the guy having a lot of fun land and stuff like that, 591 00:42:47.159 --> 00:42:50.679 and he's got a great day, cridget all this stuff. A lot of 592 00:42:50.679 --> 00:42:54.239 these people who have these plans of you know, growing their own food and 593 00:42:54.280 --> 00:42:58.960 doing it, I just keep you know, was circling. Not to make 594 00:42:59.000 --> 00:43:02.960 that funny, I'll go back to that statement. But the Bolsheviks, without 595 00:43:04.039 --> 00:43:07.239 any technology, we're able to find every tiny little farmer out in the middle 596 00:43:07.239 --> 00:43:12.639 of nowhere and execute them. And they did it so well that we had 597 00:43:12.679 --> 00:43:15.920 to actually send them aid because they were starving to death, because they killed 598 00:43:15.920 --> 00:43:20.800 all the farmers. Anybody who is at any independence whatsoever, they either killed 599 00:43:20.880 --> 00:43:22.920 them or raped him and put him into camp, or sent them off to 600 00:43:22.960 --> 00:43:27.039 Siberia or in the Ukraine, just starved him all to death. I mean, 601 00:43:27.119 --> 00:43:30.079 there's I don't see how with drones and all the technology that they have 602 00:43:30.199 --> 00:43:34.760 here, you're gonna be hiding in a place where you can still get sunlight 603 00:43:34.760 --> 00:43:38.280 to grow your crops and think that everything's gonna be okay in this isolated area 604 00:43:38.320 --> 00:43:42.800 that's apparently nobody can see from above. You know, it's like, where 605 00:43:42.800 --> 00:43:45.760 does this place exist? You know that you're going to be okay and everybody 606 00:43:45.800 --> 00:43:47.400 else you're just gonna let anybody else, you know, hang off to the 607 00:43:47.400 --> 00:43:52.360 wind, you know. And that's the scary thing about it. You're absolutely 608 00:43:52.440 --> 00:43:54.119 right. And I thought about that too, especially with the by laws being 609 00:43:54.199 --> 00:44:00.880 changed by imminent donain being able to take property due to its inability to be 610 00:44:01.039 --> 00:44:07.159 lived on um the blms all over that. Yeah, So it's it's you're 611 00:44:07.239 --> 00:44:13.079 you're absolutely right, and it's it it sucks, it's it's it's terrifying. 612 00:44:13.599 --> 00:44:16.159 I try not to think about that. So much because you don't want to 613 00:44:16.159 --> 00:44:21.719 get paralyzed, right, Um, you gotta go on the historic measure and 614 00:44:21.760 --> 00:44:25.719 do the right thing for yourself for your family based on history and then based 615 00:44:25.760 --> 00:44:29.199 on your personal level of of how things are going to work. Now we're 616 00:44:29.199 --> 00:44:32.159 at a very different historic point in time. Um, so you're very right. 617 00:44:32.239 --> 00:44:36.519 I mean san Diego. Am I going to be here forever? Now? 618 00:44:37.159 --> 00:44:38.639 Absolutely not? Am I going to be in California? Hell no, 619 00:44:39.840 --> 00:44:45.639 Um, san Diego. But Man SDG and Nique kicked our butts. Oh 620 00:44:45.719 --> 00:44:50.440 my god, they've come down a little bit um or at least my my 621 00:44:50.519 --> 00:44:52.119 bill has. But yeah, there was there was a point in time where 622 00:44:52.280 --> 00:44:57.199 my bill was near five hundred bucks. It was just seven because we had 623 00:44:57.239 --> 00:44:59.960 like a house that had, like, you know, not as good eventually 624 00:45:00.320 --> 00:45:04.360 whatever. So yeah, it was easily seven a month. It's yeah, 625 00:45:04.360 --> 00:45:06.840 it's ridiculous. I don't I don't know how people do it. And these 626 00:45:06.880 --> 00:45:08.679 are obligations that they can control you. And want to know how you can 627 00:45:08.679 --> 00:45:12.519 get control of don't pay your seg need bill for three months and then turn 628 00:45:12.559 --> 00:45:15.039 it off and then your demand to pay all before you get it turned on. 629 00:45:15.079 --> 00:45:19.000 How are you going to survive. You wonder why people go homeless. 630 00:45:19.000 --> 00:45:20.760 But more to the point, you know, where do you go? I 631 00:45:20.800 --> 00:45:24.079 don't know. I mean I did various places here in the US. I've 632 00:45:24.119 --> 00:45:30.320 looked at places out of the country. But eventually the plan is to have 633 00:45:30.480 --> 00:45:37.320 this globalization structure of nowhere to hide. How fast does it happen, I 634 00:45:37.360 --> 00:45:40.639 don't know. I believe other countries will be allowed a little bit longer a 635 00:45:40.639 --> 00:45:45.519 time. I like what El Salvador is doing with the crime and what they're 636 00:45:45.559 --> 00:45:47.440 doing with the bitcoin being accepted. I've got a friend in a client down 637 00:45:47.480 --> 00:45:51.519 there right now, get it as a residency. I've got a business partner 638 00:45:51.519 --> 00:45:53.039 that I'm going to take a trip down there sometime in the fall to kind 639 00:45:53.079 --> 00:45:57.480 of check it out. I'm a Mexican resident. I got my Mexican resident 640 00:45:57.840 --> 00:46:01.519 get in. Yeah. I did work for citizenship as well. So I'm 641 00:46:01.519 --> 00:46:07.039 doing what i can to try to bother right and just you can't live in 642 00:46:07.039 --> 00:46:09.840 fear. That's the biggest thing I want to express to anybody listening, because 643 00:46:09.840 --> 00:46:14.719 there's a lot of stuff where it's like it's overwhelming and it can really get 644 00:46:14.760 --> 00:46:17.719 to you. That's the pot I'm at every every day having a daughter, 645 00:46:17.920 --> 00:46:22.400 you know, yeah, how old your daughter c six six? Yeah, 646 00:46:22.440 --> 00:46:25.599 that's a that's a one of the age. My kids are twenty two and 647 00:46:25.880 --> 00:46:30.280 one gonna be twenty one, so I'm past that point. Um, But 648 00:46:30.360 --> 00:46:34.360 there's still obligations. I mean, it's it's not like when I was twenty 649 00:46:34.440 --> 00:46:37.559 I was starting a company, you know. I mean, you can still 650 00:46:37.599 --> 00:46:39.199 do that, but it's a little harder nowadays for people. So parents are 651 00:46:39.199 --> 00:46:43.039 always going to have an obligation. Plus you love them, You're there no 652 00:46:43.480 --> 00:46:47.039 matter what. But I just don't want to be like the guy who dies 653 00:46:47.079 --> 00:46:50.760 in the blaze of glory and then it's oh, that was a good five 654 00:46:50.760 --> 00:46:52.360 minutes and I got seven bullets out, you know what I mean. And 655 00:46:52.400 --> 00:46:57.400 then yeah, and then what what does your family do? Now? You 656 00:46:57.440 --> 00:47:00.280 know, you're you're a piece of meat now, you know? Yeah, 657 00:47:00.360 --> 00:47:01.920 no exactly. I mean if they push comes to show and it comes to 658 00:47:01.960 --> 00:47:04.760 that, and that's your only option, yeah, I mean, it's your 659 00:47:04.760 --> 00:47:07.400 only option by all means. You know, if someone ever comes knock him 660 00:47:08.400 --> 00:47:13.760 meaning something, and the alternative is well, you're dead anyway. So I 661 00:47:13.760 --> 00:47:15.760 mean you got to do something. You gotta do what's right for your family. 662 00:47:15.800 --> 00:47:22.599 But I don't think people should live so much constantly in fear because human 663 00:47:22.800 --> 00:47:29.280 ingeneerity and the spirit of humanity is huge, it really is. And the 664 00:47:29.320 --> 00:47:35.519 more tyranny and the more structural confinements that we're being faced with, the more 665 00:47:35.559 --> 00:47:38.800 people fortunately are waking up. And the benefit to all this and I'm not 666 00:47:38.840 --> 00:47:40.960 saying this is going to happen, because I don't know if it's going to 667 00:47:42.000 --> 00:47:46.920 happen in unacy, but the benefit to everything that's going on is if there's 668 00:47:47.159 --> 00:47:52.760 mass non compliance, it's done. Yeah, it's over. The only thing 669 00:47:52.840 --> 00:47:58.440 gives a power is the compliant complicity of it. So you know, try 670 00:47:58.440 --> 00:48:01.679 to be non compliant as best as you can and um to a limit that's 671 00:48:01.679 --> 00:48:05.599 good for you and your family. And if that all happens in unity, 672 00:48:05.679 --> 00:48:07.480 that is over. So it's just it's it's hard to see where that's going 673 00:48:07.519 --> 00:48:10.880 to happen on a global scale to make it stop immediately. But I'm hopeful. 674 00:48:12.880 --> 00:48:15.639 You know, you just gotta you gotta prepare, you know, and 675 00:48:15.679 --> 00:48:21.360 above all, outside of you know, the relationships you have that are going 676 00:48:21.360 --> 00:48:24.760 to carry you through. Right the person you know that has chickens and you 677 00:48:24.760 --> 00:48:30.719 can get a person you know that has the propane, the deep freezers, 678 00:48:30.760 --> 00:48:37.239 the generators that you know that the team, our tribe that you know. 679 00:48:37.400 --> 00:48:43.639 And fortunately, through travels um like red Pill and other things I've done, 680 00:48:43.639 --> 00:48:46.920 and just traveling in general, I feel very blessed that I've been able to 681 00:48:46.920 --> 00:48:51.320 surround people in my life that that have those type of resources that I could 682 00:48:51.360 --> 00:48:54.360 count on and they would count on me. Um So I do have options. 683 00:48:54.400 --> 00:48:58.480 So that's first and foremost is you just need to be prepared to carry 684 00:48:58.519 --> 00:49:02.280 yourself through. But above all, the currency model is going to get revolved, 685 00:49:02.519 --> 00:49:08.360 are revalued, and if you have utility in a marker of what has 686 00:49:08.400 --> 00:49:13.960 perceived value, which really is dogshit and that's the US dollar, better start 687 00:49:14.000 --> 00:49:15.880 getting a move on if you haven't already, and if you do, go 688 00:49:16.159 --> 00:49:20.920 even deeper and get those supplies taken care of, and above all, get 689 00:49:21.079 --> 00:49:22.960 monetary metal. At the end of this, there's going to be a link 690 00:49:23.000 --> 00:49:28.760 below and call me up. I'll talk to you personally. I can ship 691 00:49:29.440 --> 00:49:32.440 domestically, I can get metal internationally. We have storage in San Diego, 692 00:49:32.480 --> 00:49:36.519 we have storage in New York, we have storage in Massachusetts. I'm working 693 00:49:36.519 --> 00:49:40.159 on a deal in the Cayman islands. So we have options and get tangible 694 00:49:40.159 --> 00:49:45.880 physical metal because everybody's going to be scrambling for this, and that valuation is 695 00:49:45.920 --> 00:49:51.400 going to go higher. Given you at least some options. It almost sounds 696 00:49:51.440 --> 00:49:57.880 like you're telling me from earlier that the real estate thing might actually be a 697 00:49:58.000 --> 00:50:01.559 bunk idea too, because of you know, whatever they just passed. They 698 00:50:01.559 --> 00:50:05.880 can strip it from you no matter what if they feel like it. Repurpose 699 00:50:06.840 --> 00:50:09.800 the tangible asset here wouldn't just be the real you need the precious metals. 700 00:50:10.440 --> 00:50:14.480 You need the precious metals. But at least that gives you options. So 701 00:50:14.920 --> 00:50:19.159 here's how this, here's how this works throughout history of a revaluation. And 702 00:50:19.239 --> 00:50:21.880 I'll tell you're really where the price of metals I believe can go on a 703 00:50:21.920 --> 00:50:28.440 low end. So I mentioned that precious metals gold and silver, for one, 704 00:50:28.480 --> 00:50:31.760 it's God's money. If it's all the markers of money. You can 705 00:50:31.880 --> 00:50:35.320 take metal. You can bury it in the ground, dig it up one 706 00:50:35.360 --> 00:50:37.320 hundred years from now and it's still there. You can refine it to jewelry. 707 00:50:37.360 --> 00:50:43.760 You can write and refine it to any purity, any denominal size of 708 00:50:43.840 --> 00:50:45.119 circulated value. Can put it to a gram. You can put it to 709 00:50:45.239 --> 00:50:49.719 one hundred ouncespar doesn't matter, but it's it's it's God's money. But you 710 00:50:49.760 --> 00:50:53.519 can only extract it or increase a monetary base based on metal as fast as 711 00:50:53.519 --> 00:50:57.239 you can get it out of the ground, whether you're you know, Roman 712 00:50:57.280 --> 00:51:00.679 Times, where you're doing it through pick acts and actual backbreaking labor, or 713 00:51:00.760 --> 00:51:06.400 you have to extract the oil and the gas to power the machines and pay 714 00:51:06.440 --> 00:51:12.360 the wages to have a big tractor extract or out the same way. There's 715 00:51:12.360 --> 00:51:19.639 a cost involved based upon the extraction. But in the let's say the Roman 716 00:51:19.719 --> 00:51:28.199 Times, Romans downfall is they took the silver sidinceory coin. They took it 717 00:51:28.239 --> 00:51:35.440 from roughly pure silver through one marker one unit down to below fifty dust devalue 718 00:51:35.440 --> 00:51:37.079 in it. So when you go to the store and where it usually we'd 719 00:51:37.079 --> 00:51:39.920 cost one, now we'd cost you know, two to three because the monetary 720 00:51:39.920 --> 00:51:43.960 basis devalued. They did this because they couldn't extract it out of the ground 721 00:51:43.960 --> 00:51:49.079 fast enough to increase the monetary base. But you got the bread and circus, 722 00:51:50.320 --> 00:51:52.880 get everybody liquored up, feed them food, let them watch some gladiator 723 00:51:52.920 --> 00:51:58.559 show ufcay. Yeah, that's right. That's the only thing that was allowed 724 00:51:58.559 --> 00:52:00.599 to stay open throughout the whole lot things. They are still finding venues the 725 00:52:00.639 --> 00:52:05.960 whole time, and there's purpose for all this stuff. The other way, 726 00:52:06.000 --> 00:52:09.079 why, you know, because days go quick, they really do. You 727 00:52:09.119 --> 00:52:12.519 know. Last week was last week, last month, last year, And 728 00:52:12.559 --> 00:52:15.800 it all happens very fast, and it seems like it's speeding up, especially 729 00:52:15.880 --> 00:52:21.000 the older you get. But they would devalue these coins to where eventually it 730 00:52:21.000 --> 00:52:24.880 would take a certain amount of the devalued coins to equal the value of the 731 00:52:24.880 --> 00:52:31.559 previous pure That's what I mean. And when you go from one dominant currency, 732 00:52:31.719 --> 00:52:37.559 and this happened in thirty three, they reclaimed I don't believe they confiscated 733 00:52:37.599 --> 00:52:40.159 the pre thirty three gold because it was treasury property, right, treasury, 734 00:52:40.239 --> 00:52:45.000 you can't own something that technically isn't yours. They let it circulate as money, 735 00:52:45.039 --> 00:52:47.119 so they wanted to back they paid you. The scam is they raised 736 00:52:47.119 --> 00:52:52.159 it to thirty five bucks, thus devaluing the dollar by seventy five percent. 737 00:52:52.360 --> 00:52:59.559 Then the Federal Reserve put marker or credit to the member banks right to where 738 00:52:59.639 --> 00:53:04.719 that five dollar gold backing equaled roughly forty percent of our monetary base even though 739 00:53:04.760 --> 00:53:07.679 we didn't have a gold backing. They went back on a restructured gold standard 740 00:53:08.000 --> 00:53:15.360 essentially for themselves, not circulated, interschangeable nationally, and that screwed us. 741 00:53:15.599 --> 00:53:20.360 Then you look at seventy one. If you look at seventy one, where 742 00:53:20.360 --> 00:53:24.800 the price of gold went to nineteen seventy nine nineteen eighty, the price of 743 00:53:24.880 --> 00:53:30.599 gold rose organically where it could back a portion of our monetary base. And 744 00:53:30.679 --> 00:53:32.920 three at the time, which is not reported, and two was underreported. 745 00:53:32.960 --> 00:53:37.880 So there's a certain math of this. So Isaac Newton, a lot of 746 00:53:37.880 --> 00:53:42.840 people know who he was, not many people know that he was the headmaster 747 00:53:42.960 --> 00:53:45.519 for the Royal Men back in the early seventeen hundreds. He was a lot 748 00:53:45.559 --> 00:53:47.760 of things, but he was also the headmaster, and he came up the 749 00:53:47.760 --> 00:53:53.239 structure of forty percent gold backing versus a monetary base for circulation. He had 750 00:53:53.280 --> 00:54:00.920 an exchange of silver to gold on a ratio, but silver was it was 751 00:54:00.960 --> 00:54:04.679 in the favor, it had a higher exchange, so silver didn't get circulated 752 00:54:04.719 --> 00:54:06.719 as much as gold. So they can then and they just went to the 753 00:54:06.760 --> 00:54:09.559 gold back into forty percent, and that's when we had twenty dollar gold pieces 754 00:54:10.239 --> 00:54:14.320 right turn of the century here up to nineteen thirty three, the ten twenty, 755 00:54:14.360 --> 00:54:19.039 the ten to five, even the smaller denominations one big and small, 756 00:54:19.760 --> 00:54:23.519 that was set to roughly the forty percent back into our monetary base for circulation. 757 00:54:23.559 --> 00:54:30.199 So gold and silver rise naturally organically back to those levels, and it 758 00:54:30.280 --> 00:54:32.480 happened. It happened in nineteen eighty, it happens systematically in thirty three, 759 00:54:32.519 --> 00:54:36.559 and I believe it's going to happen again. That is why central banks are 760 00:54:36.599 --> 00:54:39.199 buying and governments are buying as much gold and silver because it rises to cush 761 00:54:39.199 --> 00:54:43.400 in that default they have the assets, you're not protected, you get revalued 762 00:54:43.400 --> 00:54:45.920 in the bank. Holiday you're screwed. They went and then more control, 763 00:54:46.000 --> 00:54:50.000 more control, more control. So it's it's it's a playbook that goes back, 764 00:54:51.360 --> 00:54:53.800 you know, hundreds and hundreds and thousands of years. So if you 765 00:54:53.840 --> 00:54:58.440 were to look at where gold and silver I believe it's going to go. 766 00:54:58.480 --> 00:55:00.360 If you were to look at our monetary base into which is the broadest measure, 767 00:55:02.079 --> 00:55:08.039 and I know M two's declining slightly, so I kind of redid the 768 00:55:08.079 --> 00:55:13.760 numbers again today to do this. I revisited it every now and then. 769 00:55:13.840 --> 00:55:17.519 But here's your general rule. Take into which is a redacted number meaning underreported, 770 00:55:19.079 --> 00:55:22.119 and the reason it's underreported because about two years ago, if you were 771 00:55:22.119 --> 00:55:24.519 to look at the month or a month adjustment to HIM two, you would 772 00:55:24.559 --> 00:55:29.639 see extraculating it out to an annual basis. That too, monetary base was 773 00:55:29.679 --> 00:55:35.559 growing greatly access to what the stated inflation was. So you can't have a 774 00:55:35.559 --> 00:55:40.239 astronomically higher growing monetary base than you have stated inflation. That's also the same 775 00:55:40.280 --> 00:55:45.119 reason they got rid of HIM three, which still exists, just not reported 776 00:55:45.239 --> 00:55:47.880 in two thousand and five, because it was growing at a clip extraculated annually 777 00:55:47.880 --> 00:55:52.440 in about ten percent. When we're saying inflation is three, right, those 778 00:55:52.480 --> 00:55:58.599 numbers don't actually whenever something's inconvenient ship or under report him. Right. Anybody 779 00:55:58.920 --> 00:56:02.360 thinks inflations for five percent is not paying attention where they're shopping. It's much 780 00:56:02.440 --> 00:56:07.239 higher. So we know that. So looking at a reduced M two, 781 00:56:07.960 --> 00:56:13.000 you got about twenty Just just for the audience, when you're saying M three, 782 00:56:13.079 --> 00:56:16.639 M two could just explain what that means. Okay, So h M 783 00:56:16.639 --> 00:56:21.000 one in two M three those were our measures of money in different in kore 784 00:56:21.079 --> 00:56:25.719 and its MUND would be essential BFED balance sheet M and M two would have 785 00:56:25.760 --> 00:56:30.119 been the balance sheet. It would have include it M one. Each one 786 00:56:30.159 --> 00:56:34.760 included the previous and just grew. M two would include the d M one 787 00:56:35.559 --> 00:56:42.159 and still does, but then it would go on to include the public sector 788 00:56:42.199 --> 00:56:47.880 bank deposits so Chase, Union bank credit Unions, UM, CDs, UH 789 00:56:49.119 --> 00:56:54.559 money markets, the monetary play there as well as the cash circulated as the 790 00:56:54.599 --> 00:57:00.280 Treasury says is still circulating UM. And then M three, which is no 791 00:57:00.320 --> 00:57:05.119 longer reported as of two thousand and five, It would have included one and 792 00:57:05.280 --> 00:57:10.039 two, but it then would have gone on to include eurodollars, which isn't 793 00:57:10.039 --> 00:57:16.079 euros, right, or euro dollars, it's it's US dollars physically held overseas 794 00:57:16.400 --> 00:57:22.880 or reserve for a global structure. They got rid of that because that monetary 795 00:57:22.880 --> 00:57:25.920 base was growing way, way higher than inflation, and as of a couple 796 00:57:25.920 --> 00:57:30.679 of years ago, they changed how they structure the M two, So it's 797 00:57:30.719 --> 00:57:34.159 a redacted number. But these are the numbers we go on, all right, 798 00:57:34.239 --> 00:57:38.199 and economists look at them. So based on M two, which is 799 00:57:38.239 --> 00:57:45.599 about twenty point six trillion, right, if you take forty percent of that 800 00:57:45.760 --> 00:57:53.440 you've you've got a little over eight trillion. If you take our gold ounces 801 00:57:53.480 --> 00:57:59.079 that we have and you've simply just factor in, do a little bit of 802 00:57:59.119 --> 00:58:01.440 math, you're going to find out out what does each ounce need to be 803 00:58:01.519 --> 00:58:07.960 valued at to cover forty percent of our monetary base? Right, that's that's 804 00:58:07.960 --> 00:58:13.280 like thirty one hundred dollars or I'm excused me, thirty one thousand dollars. 805 00:58:14.679 --> 00:58:16.239 Right, So for gold to do what it's done hysterically, should go to 806 00:58:16.280 --> 00:58:22.519 thirty thirty one thousand dollars on a redacted number with a under or non existent 807 00:58:22.639 --> 00:58:29.639 reported still exists but nonreported. In three and then global debt levered up many 808 00:58:29.679 --> 00:58:35.280 many, many, many many times over with a dollar base supporting global trade 809 00:58:35.280 --> 00:58:38.000 of reserves. With the dollar about review at revalued, that global debt is 810 00:58:38.000 --> 00:58:45.079 an excess of excess of one point five quadrillion. There's a thousand, a 811 00:58:45.159 --> 00:58:49.920 thousand trillion in a quadrillion and it has roughly two percent of reserves being generous, 812 00:58:49.920 --> 00:58:52.679 and it's abouty to go poof. Right, So this is the stilp 813 00:58:52.719 --> 00:58:55.400 that people need to realize. Now we're silver. I think silver has the 814 00:58:55.400 --> 00:59:00.360 better play um and he does you think silver does? I do, just 815 00:59:00.400 --> 00:59:05.840 because it's it's um one, It's it's historically been circulated more as a monetary 816 00:59:05.840 --> 00:59:09.400 metal. Gold has been kind of the state or government coin in Roman Empire. 817 00:59:09.480 --> 00:59:15.440 You'd have to exchange your silver at a ever increasing devalued basis, and 818 00:59:15.519 --> 00:59:20.800 it's kind of like a class system exactly. But now we're talking supplying demands. 819 00:59:20.840 --> 00:59:23.880 So silver is industrial. So coming out of World War Two, when 820 00:59:23.880 --> 00:59:29.159 we had kind of the tech expansion think Texas instruments and the like, and 821 00:59:29.320 --> 00:59:37.920 the electro or manufacturing properties of silver were found, we started hoarding our silver 822 00:59:37.000 --> 00:59:40.199 out for a cheap buck, you know, for profit for industry, and 823 00:59:40.280 --> 00:59:44.000 there just wasn't enough cost to extraction. So that stuff's gone. It's in 824 00:59:44.079 --> 00:59:50.000 landfills. Will businesses start emerging to extract silver out of electrical items in the 825 00:59:50.000 --> 00:59:52.760 future, probably, but the pricess to warrant anything for it to do, 826 00:59:52.840 --> 00:59:55.639 so there's there's a cost to do anything, and if you lose money, 827 00:59:55.639 --> 00:59:59.119 it just doesn't get done. When it's profitable, it will happen. So 828 00:59:59.159 --> 01:00:02.639 I think that happens at some point. But the monetary base for silver is 829 01:00:05.679 --> 01:00:08.679 drastically smaller than that of gold, even though it used to be historically way 830 01:00:08.719 --> 01:00:15.880 way more so, that's that's unofficially suppressed by the by the it is, 831 01:00:15.599 --> 01:00:20.159 it is artificially suppressed. But I do believe that that comes to an end 832 01:00:20.159 --> 01:00:24.440 at some point or gets reduced at some point, because again, the people 833 01:00:24.519 --> 01:00:29.679 that control the monetary system of the world, they know the value of the 834 01:00:29.719 --> 01:00:37.800 actual product itself rises to match a default or extinguish the bankruptcy of the currency 835 01:00:37.880 --> 01:00:40.239 that that prices the world, So at some point they let that rise. 836 01:00:42.239 --> 01:00:46.239 And I do believe that a lot of these uncovered positions are being sold in 837 01:00:46.280 --> 01:00:51.119 both gold and silver, primarily gold because Basil three made gold money again, 838 01:00:51.440 --> 01:00:53.719 but only gold money, not the derivatives, right, Derivatives on a balance 839 01:00:53.760 --> 01:00:59.079 sheet no longer care any weight of marker of monetary value. It's only the 840 01:00:59.159 --> 01:01:00.840 ounce of gold is self. So you have to get rid of those derivatives 841 01:01:00.840 --> 01:01:05.480 to buy the ounce of gold to actually perform on your balance sheet. So 842 01:01:05.519 --> 01:01:07.119 when these institutions are on the right side of the trade, and then again 843 01:01:07.159 --> 01:01:12.679 they're no longer in harm's way, right, they're going to turn their back 844 01:01:12.679 --> 01:01:15.760 on and they're gonna let it go because now they benefit. So that's one 845 01:01:15.800 --> 01:01:19.360 aspect. But the aspect I'm talking about is the silver market is let's say, 846 01:01:20.119 --> 01:01:24.159 yay, big gold is he can't see it, but much much bigger. 847 01:01:25.599 --> 01:01:30.239 So when you have investor demand going into this market, just forget the 848 01:01:30.519 --> 01:01:37.119 applications of industry. When you have people increasingly see that there went from a 849 01:01:37.159 --> 01:01:39.840 buck fifty for a dozen eggs to four fifty two six bucks to ten and 850 01:01:39.960 --> 01:01:44.679 in one point, I think it could be forty fifty sixty bucks. They're 851 01:01:44.719 --> 01:01:49.199 going to look for anything that they can to find a way to protect their 852 01:01:49.280 --> 01:01:53.480 value, right, and it's going to rush into what they can afford. 853 01:01:53.960 --> 01:01:58.840 Silver again, market being smaller, so both gold and silver are going to 854 01:01:58.960 --> 01:02:02.719 rise to meet that into valuation of the US dollar, okay, or the 855 01:02:02.760 --> 01:02:07.400 marker of global trade as it pertains to exchange to other countries. But silver, 856 01:02:07.480 --> 01:02:10.719 due to market supply, it is going to grow at a greater pace. 857 01:02:12.480 --> 01:02:15.079 And that that happens again throughout history. So look at the last run 858 01:02:15.199 --> 01:02:20.039 up in precious metals, and you can see this on really a volatile daily 859 01:02:20.119 --> 01:02:27.039 or weekly price point in two thousand and eight from the bottom to the top. 860 01:02:27.039 --> 01:02:30.639 In twenty eleven, silver verse gold silver went six times higher as six 861 01:02:30.840 --> 01:02:37.480 x gold went two and a half. So silver outperformed gold. And if 862 01:02:37.519 --> 01:02:40.039 you look at the price of gold and silver today, it's pretty much a 863 01:02:40.039 --> 01:02:43.519 flat day. But look at a price where maybe silver's up or down, 864 01:02:43.880 --> 01:02:47.400 you know, forty fifty eighty ninety cents or a bucker more. Look percentage 865 01:02:47.400 --> 01:02:52.880 wise where that increase or decline percentage wise relates to the increasor decline percentage of 866 01:02:52.920 --> 01:02:57.519 gold, and it's multiplied. So you have this thing called the gold of 867 01:02:57.599 --> 01:03:02.480 silver ratio. Take gold, divide silver into it, and you're going to 868 01:03:02.519 --> 01:03:07.599 see what the exchange rate is like a currency outside of spread. Obviously, 869 01:03:07.599 --> 01:03:12.639 you're looking at the spot price for this, and you're gonna find I didn't 870 01:03:12.679 --> 01:03:14.840 do the map today, so anybody can do this, but you're going to 871 01:03:14.880 --> 01:03:16.679 find the exchange of silver to gold. It's going to take roughly the upper 872 01:03:16.679 --> 01:03:21.800 seventy to maybe eighty ounces of silver approximately, I would think now currently to 873 01:03:21.840 --> 01:03:25.679 get one gold at least probably like seventy two seventy five. That's where it's 874 01:03:25.679 --> 01:03:30.280 at. Well, it was upper seventies almost eighty in two thousand and eight, 875 01:03:30.559 --> 01:03:37.119 and then since silver opperformed gold in two eleven when silver was at fifteen, 876 01:03:37.159 --> 01:03:44.079 gold was just over two thousand. It only took a little over thirty 877 01:03:44.079 --> 01:03:46.639 one ounces of silver to get that one ounce of gold, right, so 878 01:03:46.760 --> 01:03:54.159 gold silver became more valuable in dollar terms for races to gold or that exchange. 879 01:03:55.000 --> 01:04:00.840 So historically that exchange rate is roughly In the Roman Empire it was a 880 01:04:00.960 --> 01:04:05.079 twelve. It was set at twelve silver to one gold. In our Coina 881 01:04:05.159 --> 01:04:12.000 Jact in late seventeen hundreds it was set at fifteen. Right, the exchange 882 01:04:12.559 --> 01:04:17.199 organically in nineteen seventy nine went back to just over fifteen. It was like 883 01:04:17.239 --> 01:04:21.079 fifteen point three. It gave back a little and when they raised the margin 884 01:04:21.159 --> 01:04:26.960 rates to collapse the market, So that downfall or the decline in precious metals 885 01:04:27.119 --> 01:04:30.480 in starting in January nineteen eighty was artificial. So you know, listeners need 886 01:04:30.519 --> 01:04:34.400 to know that they raised the margin, meaning that if you needed ten thousand 887 01:04:34.480 --> 01:04:40.639 dollars in reserves at a commodity exchange to control x amount of gold or x 888 01:04:40.679 --> 01:04:45.559 amount of silver, the next day it was twenty or thirty thousand. So 889 01:04:45.599 --> 01:04:50.440 they just raised the cost to maintain that position and not everybody's liquid, so 890 01:04:50.559 --> 01:04:54.639 it forces selling, right, they did that in nineteen eighty, and then 891 01:04:54.679 --> 01:04:58.639 they blamed two guys unfortunately called the Hunt Brothers, saying they manipulated the market. 892 01:04:58.639 --> 01:05:01.159 They didn't do crap, the who was rigged from the beginning. And 893 01:05:01.199 --> 01:05:08.519 then they also did it in April twenty eleven to keep silver from rising above 894 01:05:08.599 --> 01:05:14.079 fifty, which it was and it would have because JP Morgan had such an 895 01:05:14.159 --> 01:05:17.719 undercover uncovered short position that if silver in three days would have been sixty five 896 01:05:17.719 --> 01:05:20.840 dollars, and it could have been, and JP Morgan got called, they'd 897 01:05:20.840 --> 01:05:24.960 be buying metal at seventy bucks to satisfy crap. They sold it twenty would 898 01:05:24.960 --> 01:05:30.960 have put him out of business. So that happened. But looking at that 899 01:05:31.079 --> 01:05:36.360 historic ratio, let's let's just look at you know, a fifteen to one, 900 01:05:36.400 --> 01:05:40.800 and I personally think silver changed to gold could go from ten ounces of 901 01:05:40.840 --> 01:05:45.400 silver to one ounce of gold. But if gold is thirty thirty one, 902 01:05:45.519 --> 01:05:48.800 thirty five thousand with a redacted monetary base, we don't even know how much 903 01:05:48.800 --> 01:05:53.599 we have, where's that put silver? It puts silver over two thousand dollars. 904 01:05:53.639 --> 01:05:57.719 So mathematically, on a percentage basis, silver sitting at you know, 905 01:05:57.960 --> 01:06:01.960 roughly twenty three twenty five dollars an ounced for gold nineteen fifty to two thousand 906 01:06:01.960 --> 01:06:09.320 dollars announced. Who wins silver does, right, Probably a hell of a 907 01:06:09.320 --> 01:06:12.519 lot bulkier, right, And when you got to get out of dodge, 908 01:06:12.480 --> 01:06:15.599 it weighs a lot more. That way. We offer storage options. I 909 01:06:15.599 --> 01:06:16.760 think storage is a fine thing to do, and if you want to get 910 01:06:16.760 --> 01:06:19.880 at home, we ship it to you. But there's a means to an 911 01:06:19.960 --> 01:06:21.880 end. You just got to think it through and what's going to be best 912 01:06:21.880 --> 01:06:26.639 for your family. But yeah, silver outperforms, and I think it's going 913 01:06:26.679 --> 01:06:30.639 to outperform, you know, one hundred x more than gold. I really 914 01:06:30.639 --> 01:06:36.960 do. Right now, when it comes to the brokerage of this silver has 915 01:06:38.039 --> 01:06:40.719 you know, it's usually like a depending on what type of silver it is, 916 01:06:40.760 --> 01:06:44.199 there's a certain set dollar amount above spot that you get. But isn't 917 01:06:44.239 --> 01:06:45.760 in a percentage when it comes to gold, like fifteen percent or something like 918 01:06:45.800 --> 01:06:49.159 that, or is that just now depending on the store you're going to whatever, 919 01:06:49.480 --> 01:06:54.599 it's going to depend on the location and their inventory. And you know, 920 01:06:54.639 --> 01:06:58.039 like if I buy something from someone that comes in to sell it to 921 01:06:58.119 --> 01:07:02.239 us, obviously my cost to acquire that is less than if we have to 922 01:07:02.280 --> 01:07:05.880 go to our dealers of the wholesale market to buy something to sell to you 923 01:07:06.159 --> 01:07:11.360 or replace our inventory. Right, So if someone comes and sells me a 924 01:07:11.400 --> 01:07:13.960 gold bar in the morning, then then you come in in the afternoon you 925 01:07:14.000 --> 01:07:15.960 want a gold bar, and I sell you that same gold bar. I 926 01:07:15.960 --> 01:07:17.039 can I can do a little bit better spread. You know, we're not 927 01:07:17.079 --> 01:07:20.960 looking to you know, take advantage of anybody. It's just what the company 928 01:07:21.000 --> 01:07:24.920 needs to make is what the company needs to make. That's what it is. 929 01:07:24.960 --> 01:07:30.119 So the premiums um they're not necessarily going to be a set percentage above 930 01:07:30.159 --> 01:07:33.760 spot, right, because that is always going to change. And an example, 931 01:07:34.880 --> 01:07:40.760 there's been times and it's still existing today, especially since you know our 932 01:07:41.719 --> 01:07:47.719 twenty twenty lockdowns. Again for our better good that the day, the Monday 933 01:07:47.760 --> 01:07:55.360 before California shut down, silver dropped about thirty eight percent, right, eleven 934 01:07:55.360 --> 01:08:00.079 dollars and five cents. But all that, yeah, well here's the thing, 935 01:08:00.119 --> 01:08:02.480 here's a caveat So it's eleven dollars and five cents, but by the 936 01:08:02.559 --> 01:08:06.440 end of the day it was costing you twenty two dollars to get why because 937 01:08:06.480 --> 01:08:09.880 by the end of the day it was costing US twenty one dollars to get 938 01:08:09.880 --> 01:08:14.400 it to sell it you for twenty two there was no silver. Yeah, 939 01:08:14.519 --> 01:08:16.760 right, so you can have price go down and you can still pay percentagely. 940 01:08:17.880 --> 01:08:19.680 You know, you may save a little bit of money depending on the 941 01:08:19.720 --> 01:08:24.960 inclimb. But if silver drops three dollars, doesn't mean you're saving three dollars 942 01:08:25.000 --> 01:08:29.199 because my cost could go up ninety cents. Right, I can't get it 943 01:08:29.239 --> 01:08:34.199 to you so and we do a lot of volume, right, We're always 944 01:08:34.239 --> 01:08:41.039 moving, moving a lot of a lot of inventory. So in that case, 945 01:08:41.119 --> 01:08:43.880 I have to base it on my cost to acquire. And people like 946 01:08:43.920 --> 01:08:45.720 a moving market. So if silver was to go from here to thirty bucks, 947 01:08:46.000 --> 01:08:49.920 there'd be higher demand, thus taking more ounces off the availability for you 948 01:08:50.000 --> 01:08:53.239 to buy or me to buy for you. My cost is going to go 949 01:08:53.319 --> 01:08:56.439 higher, means you're paying a higher cost. If silver was to drop the 950 01:08:56.520 --> 01:09:00.319 fifteen dollars in a hurry, let's say over the next thirty day, then 951 01:09:00.640 --> 01:09:02.840 you're you're still paying you know, thirty dollars. Announced why because there's just 952 01:09:02.960 --> 01:09:06.840 not a lot of it there um and silver going back to that market supply, 953 01:09:06.920 --> 01:09:11.840 it will be the first to become very difficult to buy, so that 954 01:09:11.880 --> 01:09:15.920 should be the primary not to mention smaller and fractional in value. So it's 955 01:09:15.920 --> 01:09:18.239 going to be a little bit more divisible than say a one ounce of gold 956 01:09:18.239 --> 01:09:24.159 at thirty thirty five grand. Does fnb uh stamp their own rounds too? 957 01:09:24.239 --> 01:09:27.720 Do you have like your own? Has? We have in all denominations like 958 01:09:29.079 --> 01:09:30.840 we've done. We've done, We've done rounds, We've done ten ounce bars, 959 01:09:30.880 --> 01:09:33.399 we've got kilos, we're working on it. We've done some hundred ounces 960 01:09:33.399 --> 01:09:38.359 bars, so we we do. UM. We run out of those pretty 961 01:09:38.479 --> 01:09:41.159 pretty quickly, right, so it's hit or miss if we have them, 962 01:09:41.319 --> 01:09:43.199 have them in stock. But if I have them, you know, and 963 01:09:44.119 --> 01:09:45.920 you want them, I can, I can generally get them for you. 964 01:09:45.960 --> 01:09:48.880 But they go very very quickly. UM silver is in high demand. Even 965 01:09:48.920 --> 01:09:53.359 with the slight pullback in premium soften a little bit, you would think the 966 01:09:53.399 --> 01:09:57.680 demand stopping. But we're busier than we've ever been, right, UM we 967 01:09:57.720 --> 01:10:00.039 can get That means people are starting to get smart. I hope, I 968 01:09:59.840 --> 01:10:01.520 hope that's what that means. Well, it is, I think it is. 969 01:10:01.720 --> 01:10:04.199 UM. We got to steady flow of people that we see constantly, 970 01:10:04.520 --> 01:10:06.800 UM where they come in once a week, once a month, or once 971 01:10:06.800 --> 01:10:10.399 every quarter, and people will buy based underneath. Some people will come in 972 01:10:10.439 --> 01:10:14.760 and only buy ten ounces of silver or one ounce of gold at a time 973 01:10:14.800 --> 01:10:17.319 because that's really their their price point of what they can do. They still 974 01:10:17.319 --> 01:10:21.319 have to leave, they still have to pay enormous prices to Sdgenie, they 975 01:10:21.319 --> 01:10:26.399 have to pay you know, increasing prices for their burger. So yeah, 976 01:10:26.439 --> 01:10:28.640 I mean I get it. Everybody's in that position. But people are going 977 01:10:28.680 --> 01:10:30.760 to buy what they can. But as an example, if we were to 978 01:10:31.000 --> 01:10:34.079 have a delivery and we get deliveries generally on a Wednesday and a Friday, 979 01:10:34.840 --> 01:10:38.800 Um, and we'll get metal today, I don't you know what order is 980 01:10:38.800 --> 01:10:41.520 going to be on that truck, but you know, let's say it's uh, 981 01:10:42.319 --> 01:10:45.960 you know, two three thousand ounces of silver. I mean, it'll 982 01:10:45.960 --> 01:10:49.560 be gone by Monday afternoon. It's awesome, right, Um, it's it's 983 01:10:49.560 --> 01:10:54.399 it goes quick, it really does. And this is the calm before the 984 01:10:54.439 --> 01:11:00.000 storm, right, good point. This isn't even rush yet. You yeah, 985 01:11:00.119 --> 01:11:06.399 you don't wait the days of waiting the end of the way. Something 986 01:11:06.520 --> 01:11:11.319 was a long time ago. It was it was extremely a long time ago, 987 01:11:11.359 --> 01:11:15.520 but Unfortunately people do that for whatever reason. And to be fair, 988 01:11:15.640 --> 01:11:18.560 some people just are so busy it's hard for them. Some people don't have 989 01:11:18.680 --> 01:11:21.479 enough money to contribute. But do anything you can get announced the silver, 990 01:11:23.279 --> 01:11:27.199 get you know, five dollars in guyings in quarters that are fractional. If 991 01:11:27.239 --> 01:11:30.920 you can get gold, get gold, get larger stuff, get smaller stuff. 992 01:11:30.920 --> 01:11:34.359 Everything's going to be purposeful. You don't want one hundred ound silver bars, 993 01:11:34.479 --> 01:11:39.239 you know, at one hundred five hundred thousand, two thousand dollars valuation, 994 01:11:39.239 --> 01:11:41.039 and the mass says it can go there? Do I believe it is? 995 01:11:41.119 --> 01:11:43.359 Yeah? Is it going to We'll find out, but history says it 996 01:11:43.399 --> 01:11:45.239 does. So I'm going to base it on that. And I know banks 997 01:11:45.239 --> 01:11:48.439 are buying it, Central banks are buying it, governments are buying it. 998 01:11:48.479 --> 01:11:50.640 What do they know that we don't know? When we know that we're not 999 01:11:50.760 --> 01:11:56.000 bombing people because they're circumventing the dollar, Wake up, right, It's allowed 1000 01:11:56.000 --> 01:11:59.079 to happen, So get prepared. It's not always going to be one hundred 1001 01:11:59.119 --> 01:12:01.680 ounces bars because one hundred ounced bar at acts price, I mean, it's 1002 01:12:01.680 --> 01:12:04.479 going to be too much. If you're trying to sell it, you have 1003 01:12:04.560 --> 01:12:10.920 to have fractional amounts or different amounts to where the purpose of selling it, 1004 01:12:11.000 --> 01:12:15.880 whether to pay off your own debt, whether to survive, whether to acquire 1005 01:12:15.920 --> 01:12:20.079 assets that are going to be dirt cheap right, whether we're going to a 1006 01:12:20.119 --> 01:12:25.119 digital structure or not. Try, Yeah, I gotta have practicality in there 1007 01:12:25.520 --> 01:12:28.880 by the world, because I do know one thing. The wealthier you are, 1008 01:12:29.119 --> 01:12:31.720 you can buy your way in or out of something. When people were 1009 01:12:31.880 --> 01:12:36.399 forced to mask up or had proved this, they had this or that and 1010 01:12:36.560 --> 01:12:41.760 restricted travel to get on a plane. If you had enough loot, you 1011 01:12:41.760 --> 01:12:44.600 could jump on a private plane, pulled right up to the tarmac. No 1012 01:12:44.600 --> 01:12:47.199 one's wearing a mask, drink waiting for you. Boom. You're done. 1013 01:12:48.399 --> 01:12:51.239 So get as much wealth as you possibly can. If it's going to be 1014 01:12:51.239 --> 01:12:55.960 a classystem, try to try to fight to rise up right very worse. 1015 01:12:56.039 --> 01:12:59.880 At least you did is gave yourself options with the higher value versus a deep 1016 01:13:00.279 --> 01:13:02.840 value that's declined at sixteen seventy percent, and that will go into hyperinflation. 1017 01:13:03.600 --> 01:13:12.680 It absolutely will. If global reserves which support other countries currencies. The argument 1018 01:13:12.840 --> 01:13:16.199 is dollars going to stand because you need to create in buy dollars to pay 1019 01:13:16.199 --> 01:13:19.239 off the old debt. But if you're going to revalue the old debt model, 1020 01:13:19.680 --> 01:13:24.439 and everybody's in on this game, no West, no ease, no 1021 01:13:24.680 --> 01:13:28.039 right, no left in the world has rulers. If everybody's in on this 1022 01:13:28.119 --> 01:13:31.079 damn thing, they're only going to keep enough dollars on hand to satisfy the 1023 01:13:31.119 --> 01:13:33.800 obligations, knowing that if they have a billion in debt, they're going to 1024 01:13:33.840 --> 01:13:38.359 wake up and it's only going to be fifty million dollars, so they don't 1025 01:13:38.399 --> 01:13:41.000 need to pay it. What are they going to do with the access reserves? 1026 01:13:41.000 --> 01:13:43.680 They're going to have to find a house to get utility again, like 1027 01:13:43.720 --> 01:13:47.399 you should be doing to take advantage of this time, They're going to find 1028 01:13:47.439 --> 01:13:51.560 a home to unload those two extract some more sort of value. Why these 1029 01:13:51.640 --> 01:13:57.239 are still deemed valuable? What countries are going to still exect dollars at the 1030 01:13:57.319 --> 01:14:02.119 end of this US all that shit's coming home? And can I ask you 1031 01:14:02.159 --> 01:14:05.840 this too, because I think people have a misconception of this when it comes 1032 01:14:05.840 --> 01:14:11.479 to the treasury or the country at large. How much gold do we actually 1033 01:14:11.479 --> 01:14:16.199 have in reserves? Do we even have anything? Because yeah, I think 1034 01:14:16.960 --> 01:14:21.399 I really think we do to answer that question. So we have like over 1035 01:14:23.079 --> 01:14:25.880 eighty one hundred tons of gold, which is you know, one hundreds and 1036 01:14:25.960 --> 01:14:29.720 hundreds of millions of ounces. Because the things that I look at is, 1037 01:14:29.800 --> 01:14:34.039 are you know, Jacob Schiff funding the Bolshevik Revolution right after you know, 1038 01:14:34.279 --> 01:14:39.239 they implanted and installed the Federal Reserve, all of a sudden, our assets 1039 01:14:39.239 --> 01:14:43.399 we're in ours anymore. And twenty million dollars in nineteen hundreds of money in 1040 01:14:43.560 --> 01:14:47.159 gold went on trains to Russia, you know, to to fund a revolution. 1041 01:14:48.279 --> 01:14:51.039 That was a huge amount of gold coming out of our country. And 1042 01:14:51.119 --> 01:14:56.760 then I believe we also helped prop up Britain with our gold as well when 1043 01:14:56.800 --> 01:15:00.560 they were changing their monetary system as well. So that was two times where 1044 01:15:00.560 --> 01:15:05.119 a ton of our gold got redistributed back to the you know, across the 1045 01:15:05.159 --> 01:15:09.840 ocean. So I wasn't sure how much I had less and said it absolutely 1046 01:15:09.840 --> 01:15:11.840 did. And a lot of our gold went over there in thirty three just 1047 01:15:11.880 --> 01:15:17.560 because if you what the treasury and what the price paid for gold coming from 1048 01:15:17.640 --> 01:15:21.119 let's say Europe, after the revaluation of twenty to thirty five dollars, you 1049 01:15:21.159 --> 01:15:24.479 got the thirty five dollars you didn't get the twenty dollars for it. So 1050 01:15:24.520 --> 01:15:26.680 the wealthy and the know they shifted their gold and they brought it back. 1051 01:15:27.840 --> 01:15:33.199 And the reason we close the exchange of gold two dollars internationally and seventy one 1052 01:15:33.279 --> 01:15:38.359 is the amount of reserves we have. We're depleted by about sixty percent, 1053 01:15:38.399 --> 01:15:45.479 so they had to shut it. So does gold travel across seas to settle 1054 01:15:45.079 --> 01:15:47.960 debt payment anymore? I'm sure to some degree it is, but now in 1055 01:15:48.039 --> 01:15:51.359 today's stage and age, it's it's pretty much just the accounting leisure and then 1056 01:15:51.359 --> 01:15:54.720 it's still stored at one location. But then you have the right. So 1057 01:15:55.760 --> 01:15:58.880 if you look at what the gold we do have, or supposedly we do 1058 01:15:59.000 --> 01:16:01.720 have, and you and you look at where it's held and what it is, 1059 01:16:01.840 --> 01:16:05.239 the majority of it is not debt selling agents. It's it's not a 1060 01:16:05.920 --> 01:16:12.800 good delivery um product. Most of it is refined product from the reclaim in 1061 01:16:12.880 --> 01:16:16.720 thirty three, so it's it's off by a slight purity to announced level. 1062 01:16:16.760 --> 01:16:19.319 So it's not a debt set in the agent. But what it is used 1063 01:16:19.319 --> 01:16:21.680 for and what it can be used for is they can lease and loaan the 1064 01:16:21.720 --> 01:16:26.840 hell out of it, right, so in my opinion, the Fort Knox 1065 01:16:26.960 --> 01:16:31.119 was to be audited, I don't think. And again maybe I'm optimistic about 1066 01:16:31.119 --> 01:16:34.760 this. And then the bottom line is no one knows, no one, 1067 01:16:34.840 --> 01:16:39.399 no one knows. We're not a part of that club. Yeah, but 1068 01:16:39.680 --> 01:16:43.039 I would believe that if you got audited, if if they were to allow 1069 01:16:43.159 --> 01:16:47.439 a Fort Knox auditum and the you know, activity of the Federal Reserve as 1070 01:16:47.439 --> 01:16:51.239 it pertains to four Knox, I think if those doors open, you're probably 1071 01:16:51.239 --> 01:16:55.520 going to see some gold. Now, if you look at the balance sheet 1072 01:16:55.560 --> 01:16:59.680 of what's allocated and what's not, and how many times it's it's levered up 1073 01:17:00.279 --> 01:17:04.079 to mark a valuation to somebody else's balance sheet, I think that'll be quite 1074 01:17:04.119 --> 01:17:08.640 surprising. I think it would be counted many, many, many, many 1075 01:17:08.720 --> 01:17:13.039 many times over. But as far as a reserve base of actual metal, 1076 01:17:13.279 --> 01:17:17.720 I'd like to believe that it's still there. I don't know. You know, 1077 01:17:17.800 --> 01:17:23.520 the numbers I'm going on are at the assumption that we still have title 1078 01:17:23.680 --> 01:17:28.520 or control of what gold we claim. I do we or do we not? 1079 01:17:28.600 --> 01:17:30.119 I don't know. But if you look historically where the price is going 1080 01:17:30.159 --> 01:17:34.119 to go proportionate to a monetary base. You got to go with the information 1081 01:17:34.159 --> 01:17:38.960 you have, and I do believe that the price of metals rises to meet 1082 01:17:38.960 --> 01:17:43.680 that monetary base. Otherwise government's central banks would not be hoarding this at the 1083 01:17:43.720 --> 01:17:48.399 fastest pace that they've they've ever done before. They know something's coming. We'll 1084 01:17:48.399 --> 01:17:51.760 find out maybe maybe the FED will be added. I doubt it. Maybe 1085 01:17:51.760 --> 01:17:55.439 we'll actually crack up in for an ox and see, I doubt it. 1086 01:17:56.439 --> 01:18:00.399 You know, that's the problem is you're given the information you're given. You 1087 01:18:00.479 --> 01:18:03.479 got to do the best you can and have some discern it. And our 1088 01:18:03.520 --> 01:18:09.760 notion of United States versus United Nations and who actually you know operates and calls 1089 01:18:09.760 --> 01:18:13.640 the shuts is another thing too. If somebody does have, you know, 1090 01:18:14.199 --> 01:18:16.479 control over that gold, who's that someone? And is it really something that 1091 01:18:16.800 --> 01:18:20.319 it's even attached to our government or is it the government of the government? 1092 01:18:20.439 --> 01:18:24.680 So, and what are they putting it and what are they doing with it? 1093 01:18:24.760 --> 01:18:27.399 You know? Yeah, and if they're if they're holding it, is 1094 01:18:27.439 --> 01:18:30.000 a marker on the balance sheet of actual money, because it is still an 1095 01:18:30.039 --> 01:18:34.840 actual money marker, right gold is now tier one asked why wouldn't they let 1096 01:18:34.840 --> 01:18:40.800 the price rise and be revalued to whatever they want it to be. It 1097 01:18:40.840 --> 01:18:45.920 protects their best censuries. So advice is again to your listeners. Hit me 1098 01:18:45.000 --> 01:18:48.159 up right, you know, we'll have a conversation. Start getting gold, 1099 01:18:48.159 --> 01:18:53.039 start getting silver. Um. You can structure in retirement accounts, you can 1100 01:18:53.159 --> 01:18:55.760 have it stored, I can have it sent directly to you. You can 1101 01:18:55.760 --> 01:19:00.640 do a combination of anything. And you make yourself your own you know, 1102 01:19:00.960 --> 01:19:06.520 and insulated. You know. Central bank so to speak, out of the 1103 01:19:06.680 --> 01:19:13.119 banking system, absolutely right, and TikTok. You have very very little time. 1104 01:19:13.960 --> 01:19:15.199 I don't know when it is. But Augustine Carson of the Bank for 1105 01:19:15.239 --> 01:19:19.319 a National Settlements, he runs it. And the Bank of International Settlements has 1106 01:19:19.319 --> 01:19:23.840 had control of the central banking for a very very very long time. Nothing 1107 01:19:23.880 --> 01:19:28.960 happens in the world of central bank movement without this bank's approval. And they 1108 01:19:29.039 --> 01:19:33.880 do write the structured accords for margin, what's money, what's not, what's 1109 01:19:33.880 --> 01:19:38.319 allowed to happen, what is allowed to happen. And Jerome Pale has a 1110 01:19:38.359 --> 01:19:42.840 boss, and that guy's name is Augustine Carson. He said in twenty nineteen 1111 01:19:43.079 --> 01:19:47.079 that twenty twenty five all bank notes are to be removed to go to central 1112 01:19:47.079 --> 01:19:54.079 bank. Digital currency Jesus right, So he said that, then are we 1113 01:19:54.119 --> 01:19:58.119 ahead of schedule? We could be. You know, I don't know that 1114 01:19:58.079 --> 01:20:01.239 that skeleton key of it made everything go faster, didn't it. Well, 1115 01:20:01.319 --> 01:20:06.119 yeahdull doors. Yeah, And it's just it's just so just be defensive. 1116 01:20:06.680 --> 01:20:13.439 Be as absolutely defensive of your assets that you have, fight to protect them, 1117 01:20:13.479 --> 01:20:15.039 fight to ensure them, and go on the offense when it comes to 1118 01:20:15.079 --> 01:20:19.119 acquiring assets. Why you still have time. Don't wait until you start to 1119 01:20:19.159 --> 01:20:24.439 see the next leg up of inflation when pal raises rates again, and then 1120 01:20:24.640 --> 01:20:28.279 you have this market event that collapses the market. Then you're locked out. 1121 01:20:28.319 --> 01:20:30.279 You're forced on a digital currency and what you wish you could have done you 1122 01:20:30.279 --> 01:20:33.840 can no longer afford and it's not available to you. Yeah, and just 1123 01:20:33.880 --> 01:20:38.520 a while ago I had I had a liquidate of a thousand dollars worth of 1124 01:20:38.520 --> 01:20:43.960 my silver a couple months ago. And if anybody's worried that it's hard to 1125 01:20:44.000 --> 01:20:46.359 do, it's not hard at all. So it don't feel like you can't 1126 01:20:46.640 --> 01:20:49.359 go back and forth when you need it, because that's what it's kind of 1127 01:20:49.399 --> 01:20:54.079 there for. It's not there for that major thing that's going to happen once 1128 01:20:54.119 --> 01:20:57.520 it's there for whenever that problem happens, and if you need something, at 1129 01:20:57.600 --> 01:20:59.479 least you can look at your safe and be like, well, I can't 1130 01:20:59.479 --> 01:21:00.800 really spend that, so I still have it. Lucky me, I can 1131 01:21:00.840 --> 01:21:03.720 go use that if I need it to take care of a problem, if 1132 01:21:03.720 --> 01:21:06.960 something comes up, if car breaks down, something like that. You got 1133 01:21:06.800 --> 01:21:12.520 in there, say if you got to somewhere and it's it's again protecting yourself 1134 01:21:12.520 --> 01:21:15.560 and you're having a cushion and you can aways get it back again, you 1135 01:21:15.600 --> 01:21:17.479 know, It's that's that's with the beauty of it. It's not that hard 1136 01:21:17.520 --> 01:21:20.640 to acquire and it's not that hard to move at all. And when I 1137 01:21:20.640 --> 01:21:25.439 bought mine, it was like seventeen and I got twenty five for it. 1138 01:21:25.439 --> 01:21:27.760 I think it's close to twenty five when I when I sold it back, 1139 01:21:27.800 --> 01:21:30.600 So I did okay, you know, yeah it did well. If you 1140 01:21:30.800 --> 01:21:33.640 buy more, you know where to find me. Absolutely, I'm I'm this 1141 01:21:33.680 --> 01:21:36.760 is absolutely going to go because I go to San Diego a lot and I 1142 01:21:36.800 --> 01:21:42.199 want to actually come talk and we'll get together. Man, I'll take you 1143 01:21:42.239 --> 01:21:45.760 out to dinner. Awesome, thank you. Um, So, what's the 1144 01:21:45.760 --> 01:21:47.319 best way to contact you and I'll put this in the in the notes too. 1145 01:21:47.359 --> 01:21:53.920 But is it you have a number an email website would to contact me? 1146 01:21:53.920 --> 01:21:57.000 Because I'm not going to be able to answer phone calls in the fashion 1147 01:21:57.039 --> 01:21:59.399 that they may come in. I don't know. My phone gets pretty busy 1148 01:21:59.520 --> 01:22:01.800 emails. UM if I if I'm busy, it's going to be you know, 1149 01:22:01.920 --> 01:22:09.600 hard for me to get back to everybody Like that shirt MANU so at 1150 01:22:09.640 --> 01:22:13.520 the at the bottom of the U the link in the show notes for it. 1151 01:22:13.600 --> 01:22:16.640 What Daniel's gonna do is he's gonna put a a landing page up and 1152 01:22:16.640 --> 01:22:19.039 if you click on that, it's going to take you to a portal that 1153 01:22:19.039 --> 01:22:24.640 comes directly to me. Just give me your information, give me your name, 1154 01:22:24.680 --> 01:22:28.439 give me your number, give me your email. UM, put into 1155 01:22:28.520 --> 01:22:30.920 description if you'd like to what you what's on your mind? Right? Or 1156 01:22:30.960 --> 01:22:33.239 you're looking for silver, you're looking for gold? Do you want to sell? 1157 01:22:33.279 --> 01:22:35.000 Do you want to buy? Or you're looking a store? Do you 1158 01:22:35.000 --> 01:22:38.479 look? You just whatever you think? You want to give me a heads 1159 01:22:38.520 --> 01:22:42.000 up of what the conversation is going to be about, UM, and I'll 1160 01:22:42.000 --> 01:22:44.920 reach out to you. Can we talk about pladium? Do we even want 1161 01:22:44.920 --> 01:22:46.199 to talk about that real quick, and just what the difference is, I 1162 01:22:46.199 --> 01:22:49.840 don't know. Yeah, I mean, well, gold, silver, platinum, 1163 01:22:49.840 --> 01:22:54.279 palladium, all or precious metals. I think the coming inflationary tide and 1164 01:22:54.359 --> 01:22:59.319 reevaluation, the tide's going to raise all boats um. I like palladium um. 1165 01:22:59.520 --> 01:23:01.479 Palladium sword up. I mean I like all plash of precious metals. 1166 01:23:01.520 --> 01:23:09.439 I like anything of value really, but palladium shot up with the VW scandal 1167 01:23:09.560 --> 01:23:14.199 of emissions. When they're fudging their admissions. I think, what is it 1168 01:23:14.279 --> 01:23:18.319 twenty seventeen or eighteen, it's it's time flies. But if you remember that, 1169 01:23:18.720 --> 01:23:26.520 because palladium is a great substitute for platinum in the auto industry and as 1170 01:23:26.520 --> 01:23:29.920 well as an industry in general. So platinum got sold at a valuation of 1171 01:23:30.000 --> 01:23:32.640 about seventeen bucks. Platium was just under seven hundred bucks, so it got 1172 01:23:32.680 --> 01:23:38.800 bought. Palladium was a very thin market and it was very over sold, 1173 01:23:39.359 --> 01:23:44.600 so it shot up. I can't say if palladium is at true value or 1174 01:23:44.640 --> 01:23:46.159 not where it's currently at, and I haven't even looked at it in a 1175 01:23:46.199 --> 01:23:48.319 while, so I couldn't tell you the price, but I think it probably 1176 01:23:48.319 --> 01:23:56.760 could be if I had to have a pecking order of precious metals, I 1177 01:23:56.760 --> 01:24:00.560 would probably say silver first thing, gold then platinum, then palladium UM is 1178 01:24:00.640 --> 01:24:04.439 me as a general rule, I think platinum is still way way undervalued. 1179 01:24:05.159 --> 01:24:09.960 UM. Again, all markets are going to rise. I think silver rises 1180 01:24:10.000 --> 01:24:15.720 to the greatest percentage. Gold is the core historic god money that the emperors 1181 01:24:15.720 --> 01:24:20.520 and governments hold. So you want to get load of that palladium between two 1182 01:24:20.560 --> 01:24:25.640 common people, you know, it's a lot easier to explain silver and gold 1183 01:24:25.640 --> 01:24:30.760 to them than it is that if somebody doesn't even understand the platinum or palladium, 1184 01:24:30.800 --> 01:24:32.399 you know. I mean like if you're if you're getting goods from your 1185 01:24:32.479 --> 01:24:35.920 from your farmer or something like that, you know, you're I'm thinking the 1186 01:24:35.920 --> 01:24:40.680 gold and silver would be a lot more you know, recognizable than say like 1187 01:24:40.720 --> 01:24:45.279 the padium or the platinum in that and that type of environment. Am iron, 1188 01:24:45.439 --> 01:24:46.640 Yeah, Yeah, Palladium and platinum, in my opinion, is just 1189 01:24:46.680 --> 01:24:50.239 going to be a protection that's going to increase due to devaluation and reprice of 1190 01:24:50.319 --> 01:24:53.800 the dollars. So it's going to come up. I don't think it would 1191 01:24:53.840 --> 01:24:58.000 be harmed. Buying it right means on a barter situation. Yeah, it's 1192 01:24:58.000 --> 01:25:00.680 going to be a little bit harder, is it. Valuation of platinum doubles, 1193 01:25:00.720 --> 01:25:02.760 that's two thousand, um, you know, call it round to two 1194 01:25:02.800 --> 01:25:08.199 thousand platium doubles. It is what it is um. If silver doubles, 1195 01:25:08.199 --> 01:25:12.039 it's fifty sonounces of silver's fifty bucks. If gold doubles. You know, 1196 01:25:12.159 --> 01:25:15.239 now you're talking almost four thousands. So which one's going to have better utility? 1197 01:25:15.279 --> 01:25:18.399 It's going to always be the silver. Yeah, you know, um 1198 01:25:18.560 --> 01:25:21.520 so yeah, good question. I mean I sell them all. If people 1199 01:25:21.520 --> 01:25:26.600 want platinum, if people want palladium, I'll do it. And again, 1200 01:25:26.640 --> 01:25:29.319 I like value. When I speak value to my clients, I try to 1201 01:25:29.319 --> 01:25:32.800 get the biggest bang of their buck for them as I would myself. I 1202 01:25:32.840 --> 01:25:38.239 don't do or request anybody to do something that I wouldn't be willing or think 1203 01:25:38.319 --> 01:25:40.840 is a good ideal that I would do for myself, my family, or 1204 01:25:40.960 --> 01:25:45.680 recommend to my best friend or or you know, brother or sister. M 1205 01:25:45.359 --> 01:25:50.119 So that's kind of how I operate. And if I see something that shows 1206 01:25:50.119 --> 01:25:54.079 me, hey, platinum is a good bye even in the short term, 1207 01:25:54.279 --> 01:25:56.680 then yeah, I'm gonna say, let's let's buy some platinum. Right, 1208 01:25:57.119 --> 01:25:59.399 you're going to do pretty well with this thing. I can buy for this. 1209 01:25:59.479 --> 01:26:01.399 I think our art for sale is this, and and let's go for 1210 01:26:01.520 --> 01:26:04.800 it. Yeah. I'm just having this conversation with you. I can tell 1211 01:26:04.840 --> 01:26:12.199 that you're very well versed in what you're what you do, very very eloquently 1212 01:26:12.239 --> 01:26:17.439 spoken, very knowledgeable. Blown away by it, having to stop and think 1213 01:26:17.479 --> 01:26:20.079 a little bit about what you're saying, it through it a couple of times, 1214 01:26:20.079 --> 01:26:25.600 because this isn't usually my realm of things, like I understand functionality things, 1215 01:26:25.640 --> 01:26:27.880 you know, like I'm into let's get it done. Let's get it 1216 01:26:27.920 --> 01:26:30.079 done. When it comes into all the details that you filled in today, 1217 01:26:30.159 --> 01:26:33.119 it was very enlightening and I really appreciate that because it gives me a better 1218 01:26:33.199 --> 01:26:39.399 understanding as what's going on, how they manipulate and just just markets in general, 1219 01:26:39.439 --> 01:26:43.279 and how this actually works. And that that to me was a great 1220 01:26:43.279 --> 01:26:46.760 benefit because this isn't something I usually spend a lot of time into because there's 1221 01:26:46.760 --> 01:26:49.439 so many other things I'm going on going on in my life. But this 1222 01:26:49.520 --> 01:26:56.800 is really very valuable information and I really appreciate your time here. Thanks Mark, 1223 01:26:56.880 --> 01:27:00.520 I mean thank you, thank you a lot. Thank you appreciate you 1224 01:27:00.560 --> 01:27:01.279 having me. This was a lot of fun. There's going to be a 1225 01:27:01.319 --> 01:27:03.880 link below, um, the one I sent you. Just put it up, 1226 01:27:03.920 --> 01:27:08.159 fill out your information. I'll get back to you. We'll take the 1227 01:27:08.199 --> 01:27:12.359 time as simple as that, and do it when you're ready. You know, 1228 01:27:12.399 --> 01:27:15.600 I suggest people move faster than they think they should, but do it 1229 01:27:15.600 --> 01:27:16.920 obviously when you're ready. Now, Daniel, let me ask you. Are 1230 01:27:16.960 --> 01:27:20.079 you gonna be at the Red Pill and the Moines? Are you going to 1231 01:27:20.159 --> 01:27:23.319 that? It's only like seven makes a way. I don't think I'm gonna 1232 01:27:23.319 --> 01:27:28.159 able to make it. Man too bad? Um, you you're going huh 1233 01:27:27.640 --> 01:27:30.079 yeah, yeah, yeah. We've been a part of that for a while. 1234 01:27:30.399 --> 01:27:34.520 Um, it's one of my favorite events. I always meet new friends. 1235 01:27:34.680 --> 01:27:40.960 My best clients and my best friends, um that I've met are at 1236 01:27:41.000 --> 01:27:44.680 these events, right, So we do that. We do various other events. 1237 01:27:44.720 --> 01:27:48.640 I was in Aca Poco for Anarco Poco. I'm gonna start doing frequently. 1238 01:27:49.399 --> 01:27:53.600 Um. So you got that. Andrew Cuffman was out there and all 1239 01:27:53.600 --> 01:27:59.680 those Yeah, he was actually uh he he came over. He makes it 1240 01:27:59.720 --> 01:28:02.720 means steak, I'll tell you that much. And he steered it up. 1241 01:28:03.359 --> 01:28:06.119 Um it was one of the most delicious steaks I had. He's a great 1242 01:28:06.159 --> 01:28:11.359 guy. I having the pleasure to speak and yact with him personally, UM 1243 01:28:11.439 --> 01:28:15.399 for quite a while. I like what he has to say and look forward 1244 01:28:15.439 --> 01:28:20.159 to to seeing him again, hopefully soon as well. Yeah, if I 1245 01:28:20.199 --> 01:28:23.560 get out there, it's because I got my book done first. If I 1246 01:28:23.560 --> 01:28:26.560 get my book done first, I might be able to finagle away. If 1247 01:28:26.560 --> 01:28:29.680 I if I, if I talk to the right people to actually have some 1248 01:28:29.760 --> 01:28:31.760 of the you know, I might be able to get there. I'll just 1249 01:28:31.760 --> 01:28:33.680 say it. Let yeah, Well, if you do, would love to 1250 01:28:33.680 --> 01:28:35.880 see you. But if not, then I mean you you have a direct 1251 01:28:35.920 --> 01:28:39.600 contact to me, and I mean absolutely let's keep in touch. If you 1252 01:28:39.640 --> 01:28:42.800 make it to San Diego, even for a couple of days, just hit 1253 01:28:42.840 --> 01:28:45.399 me up and we'll we'll meet up what's convenient for you. And you know, 1254 01:28:45.520 --> 01:28:48.960 just I appreciate you having given me the opportunity to bring me on. 1255 01:28:49.680 --> 01:28:54.600 UM, I hope you have a wonderfully successful channel. Knowing you, I 1256 01:28:54.640 --> 01:28:59.359 think you will. Your hot sauce is incredible and back to having that tribe 1257 01:28:59.680 --> 01:29:01.720 you know you're in mind. I got your back. Thank you very much, 1258 01:29:01.720 --> 01:29:04.920 sir, and I thank you for your friendship and for your time and 1259 01:29:04.960 --> 01:29:10.000 for all of your expertise, for sure. And I'll get that link up 1260 01:29:10.079 --> 01:29:12.239 as soon as we say goodbye. And I'm going to do that. Now, 1261 01:29:12.800 --> 01:29:15.319 stick around. I'll just go ahead and all right, guys, that 1262 01:29:15.439 --> 01:29:18.600 was the day. And you'll see that, you'll see the link pop up 1263 01:29:19.279 --> 01:29:21.199 very very shortly, all right,