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You know, just looking at silver, historically, it tends to have these

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big pops once in a while,
you know, every so often it'll make

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a big catchup move compared to gold. And I still think that's going to

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happen, and that's coming sometime in
the near future, and it's going to

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be very worth it for anyone hanging
on to silver, or if you're getting

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into physical metals now, to get
a little more silver than gold. I

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think it's going to give us extra
performance it is lagging behind. It'll probably

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be gold that gets out of the
starting gate. First, you are listening

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00:00:27,600 --> 00:00:33,000
to Carrie Let's's Financial Survival Network,
where you get valuable information you just can't

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00:00:33,039 --> 00:00:39,039
find anywhere else to thrive in today's
trying times. You need the Financial Survival

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Network now more than ever. Go
to Financial Survivalnetwork dot com and get your

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00:00:44,799 --> 00:00:55,039
free newsletter and gift. Financial Survival
Network now more than ever, And welcome.

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You are listening to and watching the
Financial Survival Network. I'm your host,

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Carry Lutts. We're still on the
road in Thailand, but the show

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00:01:03,960 --> 00:01:08,400
must go on. All part of
being a so called digital nomad, which

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I am fatly enjoying this role and
highly recommended. If you can actually go

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on the road, go to places
you want to go, and still carry

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on your work, then you should
definitely try to do it. It's really

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good. Well person you're about to
hear from is doing his work when it

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comes to precious metals and cryptos and
other means of protecting your wealth. Michael

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Arras, it's great to have you
on the show. No, I've seen

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your work around and hey, gold
just got nailed and went below two thousand

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dollars for the first time in over
ninety days. I think it was since

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memory serves me sometime back in November, but my memory is not that great

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thess. So it is it time
to panic and sell or is it time

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to up the truck? Absolutely not
the time to pan and carry. No,

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gold looks really good on the price
charts overall. It was back in

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December we had a big pop over
twenty one hundred and set a new high,

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and then it did come back down
and go below two thousand, but

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popped right back up and it's been
staying about two thousand ever since then,

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and looking at the chart, it's
just kind of gone back above two thousand

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today. So it stayed above for
two months and just the inflation number today,

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everything kind of sold off and the
dollar was up this week. But

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gold's bouncing back up and still hanging
on at those high levels and zooming back

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out. Still is making a very
big bullish pattern on the price charts,

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and I still think it's going to
head higher from here. And I think

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you've had other guests talk about this
too. When it breaks above twenty one

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hundred, watch out, it is
going to take off. And I expect

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that to happen before any kind of
big major downside move the magic number for

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sure. But well, while gold
is getting great press, you know,

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over two thousand, silver can't even
get back to it. It's all I'm

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high of closing the bucks. So
what do you make of that? You

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know, just looking at silver historically, it tends to have these big pops

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once in a while, you know, every so often it'll make a big

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ketchup move compared to gold. And
I still think that's going to happen.

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That's coming sometime in the near future, and it's going to be very worth

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it for anyone hanging on to silver, or if you're getting into physical metals

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now to get a little more silver
than gold. I think it's going to

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give us extra performance. It is
lagging behind. It'll probably be gold that

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gets out of the starting gate first, and then silver will make a big

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ketchup move. But we've seen it
do that so many times before, and

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it's just so undervalue. There's so
little silver out there. It's all used

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up in so many industrial applications.
And at some point, when you know

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when gold's going up, they're both
going to go up for the same reasons.

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But silver just has a big ketchup
move to make, and because there's

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so little of it out there,
it will get pushed up much higher in

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price when that demand comes in and
not enough supplies, so it'll it'll get

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back to its old highs and beyond. I think it just has room to

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run, so there's more potential,
so it's a better investment, all right.

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Hey, so what about what do
you make of Mexico's attempting to pass

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a law that will really get rid
of open pit silver mines in the country.

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You know, is by far the
largest silver producer in the world.

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You know, geopolitical risk has come
back to haunt everyone who thought you can

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go offshore and just do business like
you do in the first world. Yeah,

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I mean again, and that just
kind of reinforces my point of wanting

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to have silver, wanting to have
physical precious metals, and that's what I

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do at my company at Maclmaney Precious
Metals. We help people get physical gold

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and silver, and so that just
that just makes me want to own it

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and hang on to it. You
know, when when Mexico is doing stuff

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like that, it's it's just going
to make the price go higher for anyone

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that actually owns it, that has
something that has what little is available out

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there and anything that has to do
with geopolitical risks. Yeah, you want

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to you want to hold it,
you want to have it in your hand,

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because that's real wealth. That's money
that won't go away or go to

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the zero that you know, doesn't
doesn't just disappear with whatever the government does.

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So in the meantime, you know, precious metal is doing well at

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least gold is for sure, really
only one that is when you look at

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platinum, you know back below a
thousand a lady, that's sold off from

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its all time highs. So only
gold really is the one doing it.

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And and then you look at the
stocks the companies that actually have to mine

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this stuff, and they in the
in the dumps here. You see it

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turn around there as well. I
think so, yeah, I mean gold

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really is the thing to own,
just as long term wealth protection and as

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money. I tend to stick with
just gold and silver because they're both of

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the monetary metals. Platinum and palladium
have their place, but just you know,

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I would I would keep my exposure
to them to a much smaller extent

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as far as the physical metals go, and they tend to switch places back

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and forth, so you can trade
them against each other and get free ounces,

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and we try to do that with
looking at price ratios and trading some

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of the metals against each other.
So there's a place for platinum, palladium,

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but for the most part, I'd
like to help folks just get the

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monetary metals like gold and silver,
you know, And I think silver will

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catch up when gold takes off,
and I think the mining stocks will also

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have a big pop at some point. They're one of those things that they

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will outperform physical gold. It's just
there's a few, you know, distinct

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periods throughout history where they do that, so you kind of have to hang

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on for the ride, or even
be willing to wait through any big drawdowns.

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But I think we actually might now
be on the cusp of one of

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those times where they break out and
outperform gold as gold goes up, so

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I think those will be good as
well. Okay, so physical is the

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way to go though, right we
agree? Yeah? Foundationally, you know,

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have a certain percentage of your portfolio
in physical gold and silver, because

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that's just the part that will always
be there, will bail you out if

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everything else goes bad. And it's
just it's real intrinsic money, or money

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that has intrinsic value within itself.
So it's just that's the one thing to

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have as your foundation. And really, Carrie, what's interesting is that everyone

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should have a physical gold because everyone
uses the dollar. If you use the

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dollar as your currency to buy and
sell goods, you should have gold because

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our central bank is purposely printing it
out of thin air and creating more,

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which deludes its value and makes it
worth less and less. So holding it

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on, holding onto it as your
savings is a terrible idea. You're losing

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purchasing power constantly year after year.
The fast you spend your dollars, the

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better. But if anyone's going to
hang on to dollars, because of course

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people save for the future, well
your savings should be in gold and silver

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because they go up with inflation over
time, they maintain their purchasing power.

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So it's for everybody. Obviously,
everyone uses the dollar, everyone tries to

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save money, so gold and silver
are for everybody. So it's a funny

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thing you mentioned this because I got
a couple of years on you. That's

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that good inflation. Like your generation
young earlier MILLENNI and gen Z, they're

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just discovering that inflation happens. Never
knew it before because basically we've always had

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inflation. It never really goes bay
when you're dealing with Fiat, but it

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was constricted and controlled much tighter for
the past forty years, you know,

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going back to the eighties, thirty
five years. You know, there's an

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inflation cycle, forty year cycle for
sure. But now these younger people are

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learning about inflation, learning about Fiat
currencies, but they've mostly gone to cryptos.

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They see, you know, they're
looking for the silk for a bullet

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or the gold bullet, but they're
looking for digital assets, not physical assets.

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Yeah, that's true, and I
think there's really not a replacement for

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physical gold, and not necessarily against
cryptocurrencies. I think there is a place

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for them, and there'll be a
useful form and just the technology itself in

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this coming world. But even still
there's not a replacement for physical gold.

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I think it just requires more education
and getting the word out there to this

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generation, because you know, bitcoin
has been great in a lot of ways.

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It's had a huge move up.
If you hung onto it, you

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had a big sixty percent draw down
a couple of years ago. Now it's

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starting to move up again. It's
been very volatile. If we're if we're

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going to use it as an alternative
currency, it can certainly have its place.

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If it's just a long term form
of savings, then if you bought

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it right, it's been great,
and if you bought it wrong, it's

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been awful. So it just it
depends on your timing because of those huge

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swings. You know, twenty years
gold's had a couple of big swings,

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but overall it's gone up eight times
in value over the last twenty years,

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and more so beyond that, So
there's there's some overlaps, there's some use

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for both, but there's really no
substitute for either one. You know,

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there's some digital uses for bitcoin,
but it also doesn't have the advantage of

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gold of always being there. Yeah. No, Hey, you're preaching to

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the choir here. So I kind
of feel the same way. I mean,

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I buy bitcoin every Monday. I've
been swing grating it up until recently.

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But once it brings a thousand,
you know, it might be time

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to take a little profits here.
It's kind of a very This is called

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the buying Bitcoin for dummies what I
do. And I look, Hey,

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I talked about cryptos. If I
don't have any skin in the game,

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then I'm just an armchair quarterback who
doesn't really know anything about it. So

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I've got my crypto is I'm not
seen on anything else, you know,

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Ethereum, you know, I just
I just don't see it as the be

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all on the end all Bitcoin is
the is the gold standard of cryptos for

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sure. Hey, So we'll have
this first, this discussion, this conversation

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again in a year, Michael,
where are we going to be? Well,

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that's a good question. I don't
really like making predictions on the on

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the future. I can see the
trends, and I can, I can

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make some guesses on where things are
going, but there's so many, so

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many times out there people say,
oh, on this date, the dollar

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is going to die, or by
this date gold is going to be here.

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But you know, the way the
way I see the trend going,

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the next year or two could see
a big breakout. And you know,

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we've got an election year this year
where the Fed doesn't want to be too

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political, but they might lose control
of the markets with whatever they have to

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do with interest rates after the election. If they keep everything together, maybe

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after the election everything falls apart.
But I mean, I think we're on

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the cusp of something happening, whether
it's a big, big draw down,

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big pullback in the stock market,
you know, and that would set gold

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off and have it set off on
its new run. You know. So

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year or two from now, could
we see gold at twenty five hundred and

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silver back to forty or fifty.
Very possibly. Maybe it takes longer than

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that, but I think it's still
very possible. So and you know,

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this issue is they have a lot
of room to run. They haven't accounted

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for all the money we've printed out
of thin air, so the next you

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know, two years, five years, whatever it is. They have a

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lot of room to run, like
going multiple times higher in price just to

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do what they've done historically. So
yeah, I could not agree with you

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more. It's a you know,
Yogi beara once said, the prediction is

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really hard, especially when it's about
the future and the Yogisms since the Book

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of Yogisms, and I think investors
can learn a lot from it, you

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know, when you get to a
fork at the end of the road,

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take it. Yeah. Yeah,
But but do I feel good about holding

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onto physical medals for the rest of
this decade. Absolutely. I think they're

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going to do very well. And
there's a lot of peace of mind to

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having you know, gold and silver
coins in your hand, because that is

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something that you know, it doesn't
disappear that easily. I've had my bank

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account hacked, I've had you know, zero's on my savings account disappear,

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and I'm not very skilled at stopping
that from someone overseas taking that, Whereas

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if I have gold in my hand, it's a little little harder for someone

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to get to. So we got
the shotgun, and so you've got the

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booby traps, and you got that
don't tell everyone. And you got that

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spear behind the wall my goal,
right, that's my that's my mammoth spear.

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And I haven't come across the mammoth
yet to try it out on So

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hopefully one of these days, all
right, hopefully you'll never need to.

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Hey, so what can we find
you? How do we read your work?

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How do we connect with you on
the web? Yeah, yeah,

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you want to put that in the
notes. I've got a got a landing

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page, a website you can go
to. It's mcilvany dot com forward slash

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00:14:07,720 --> 00:14:13,200
Michael and so it's m c a
l v a n y dot com forward

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00:14:13,200 --> 00:14:18,519
slash Michael m I c h a
e l or folks can call me directly.

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00:14:20,279 --> 00:14:26,120
My direct number is nine seven zero
four five nine four six one one.

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Again it's nine seven zero four five
nine four six one one. And

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happy to advise clients personally, one
on one with their portfolio. You know

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how much gold or silver makes sense? Where to keep it? And answer

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any questions with all the nuances that
there are. All right, we appreciate

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that. Hey, if you got
a question for Michael or myself, shoot

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me an email. K l at
Kerrie Leuts dot com. Michael's link is

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in the show notes this interview on
Financial Survival Network dot com. You just

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got to click link and you'll get
right to his site. And while you're

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00:14:58,639 --> 00:15:03,559
there, please sign up for your
free newsletter. Michael Pleasure, thanks so

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much for coming on. Well,
thank you for having me, Carrie.

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It was a privilege, so I
appreciate it. Thanks for listening to Carrie

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Letz's Financial Survival Network, your solution
to today's trying times. For the latest,

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go to Financial Survivalnetwork dot com.
Financial Survival Network now more than ever,