You know, just looking at silver, historically, it tends to have these
big pops once in a while, you know, every so often it'll make
a big catchup move compared to gold. And I still think that's going to
happen, and that's coming sometime in the near future, and it's going to
be very worth it for anyone hanging on to silver, or if you're getting
into physical metals now, to get a little more silver than gold. I
think it's going to give us extra performance it is lagging behind. It'll probably
be gold that gets out of the starting gate. First, you are listening
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You are listening to and watching the Financial Survival Network. I'm your host,
Carry Lutts. We're still on the road in Thailand, but the show
must go on. All part of being a so called digital nomad, which
I am fatly enjoying this role and highly recommended. If you can actually go
on the road, go to places you want to go, and still carry
on your work, then you should definitely try to do it. It's really
good. Well person you're about to hear from is doing his work when it
comes to precious metals and cryptos and other means of protecting your wealth. Michael
Arras, it's great to have you on the show. No, I've seen
your work around and hey, gold just got nailed and went below two thousand
dollars for the first time in over ninety days. I think it was since
memory serves me sometime back in November, but my memory is not that great
thess. So it is it time to panic and sell or is it time
to up the truck? Absolutely not the time to pan and carry. No,
gold looks really good on the price charts overall. It was back in
December we had a big pop over twenty one hundred and set a new high,
and then it did come back down and go below two thousand, but
popped right back up and it's been staying about two thousand ever since then,
and looking at the chart, it's just kind of gone back above two thousand
today. So it stayed above for two months and just the inflation number today,
everything kind of sold off and the dollar was up this week. But
gold's bouncing back up and still hanging on at those high levels and zooming back
out. Still is making a very big bullish pattern on the price charts,
and I still think it's going to head higher from here. And I think
you've had other guests talk about this too. When it breaks above twenty one
hundred, watch out, it is going to take off. And I expect
that to happen before any kind of big major downside move the magic number for
sure. But well, while gold is getting great press, you know,
over two thousand, silver can't even get back to it. It's all I'm
high of closing the bucks. So what do you make of that? You
know, just looking at silver historically, it tends to have these big pops
once in a while, you know, every so often it'll make a big
ketchup move compared to gold. And I still think that's going to happen.
That's coming sometime in the near future, and it's going to be very worth
it for anyone hanging on to silver, or if you're getting into physical metals
now to get a little more silver than gold. I think it's going to
give us extra performance. It is lagging behind. It'll probably be gold that
gets out of the starting gate first, and then silver will make a big
ketchup move. But we've seen it do that so many times before, and
it's just so undervalue. There's so little silver out there. It's all used
up in so many industrial applications. And at some point, when you know
when gold's going up, they're both going to go up for the same reasons.
But silver just has a big ketchup move to make, and because there's
so little of it out there, it will get pushed up much higher in
price when that demand comes in and not enough supplies, so it'll it'll get
back to its old highs and beyond. I think it just has room to
run, so there's more potential, so it's a better investment, all right.
Hey, so what about what do you make of Mexico's attempting to pass
a law that will really get rid of open pit silver mines in the country.
You know, is by far the largest silver producer in the world.
You know, geopolitical risk has come back to haunt everyone who thought you can
go offshore and just do business like you do in the first world. Yeah,
I mean again, and that just kind of reinforces my point of wanting
to have silver, wanting to have physical precious metals, and that's what I
do at my company at Maclmaney Precious Metals. We help people get physical gold
and silver, and so that just that just makes me want to own it
and hang on to it. You know, when when Mexico is doing stuff
like that, it's it's just going to make the price go higher for anyone
that actually owns it, that has something that has what little is available out
there and anything that has to do with geopolitical risks. Yeah, you want
to you want to hold it, you want to have it in your hand,
because that's real wealth. That's money that won't go away or go to
the zero that you know, doesn't doesn't just disappear with whatever the government does.
So in the meantime, you know, precious metal is doing well at
least gold is for sure, really only one that is when you look at
platinum, you know back below a thousand a lady, that's sold off from
its all time highs. So only gold really is the one doing it.
And and then you look at the stocks the companies that actually have to mine
this stuff, and they in the in the dumps here. You see it
turn around there as well. I think so, yeah, I mean gold
really is the thing to own, just as long term wealth protection and as
money. I tend to stick with just gold and silver because they're both of
the monetary metals. Platinum and palladium have their place, but just you know,
I would I would keep my exposure to them to a much smaller extent
as far as the physical metals go, and they tend to switch places back
and forth, so you can trade them against each other and get free ounces,
and we try to do that with looking at price ratios and trading some
of the metals against each other. So there's a place for platinum, palladium,
but for the most part, I'd like to help folks just get the
monetary metals like gold and silver, you know, And I think silver will
catch up when gold takes off, and I think the mining stocks will also
have a big pop at some point. They're one of those things that they
will outperform physical gold. It's just there's a few, you know, distinct
periods throughout history where they do that, so you kind of have to hang
on for the ride, or even be willing to wait through any big drawdowns.
But I think we actually might now be on the cusp of one of
those times where they break out and outperform gold as gold goes up, so
I think those will be good as well. Okay, so physical is the
way to go though, right we agree? Yeah? Foundationally, you know,
have a certain percentage of your portfolio in physical gold and silver, because
that's just the part that will always be there, will bail you out if
everything else goes bad. And it's just it's real intrinsic money, or money
that has intrinsic value within itself. So it's just that's the one thing to
have as your foundation. And really, Carrie, what's interesting is that everyone
should have a physical gold because everyone uses the dollar. If you use the
dollar as your currency to buy and sell goods, you should have gold because
our central bank is purposely printing it out of thin air and creating more,
which deludes its value and makes it worth less and less. So holding it
on, holding onto it as your savings is a terrible idea. You're losing
purchasing power constantly year after year. The fast you spend your dollars, the
better. But if anyone's going to hang on to dollars, because of course
people save for the future, well your savings should be in gold and silver
because they go up with inflation over time, they maintain their purchasing power.
So it's for everybody. Obviously, everyone uses the dollar, everyone tries to
save money, so gold and silver are for everybody. So it's a funny
thing you mentioned this because I got a couple of years on you. That's
that good inflation. Like your generation young earlier MILLENNI and gen Z, they're
just discovering that inflation happens. Never knew it before because basically we've always had
inflation. It never really goes bay when you're dealing with Fiat, but it
was constricted and controlled much tighter for the past forty years, you know,
going back to the eighties, thirty five years. You know, there's an
inflation cycle, forty year cycle for sure. But now these younger people are
learning about inflation, learning about Fiat currencies, but they've mostly gone to cryptos.
They see, you know, they're looking for the silk for a bullet
or the gold bullet, but they're looking for digital assets, not physical assets.
Yeah, that's true, and I think there's really not a replacement for
physical gold, and not necessarily against cryptocurrencies. I think there is a place
for them, and there'll be a useful form and just the technology itself in
this coming world. But even still there's not a replacement for physical gold.
I think it just requires more education and getting the word out there to this
generation, because you know, bitcoin has been great in a lot of ways.
It's had a huge move up. If you hung onto it, you
had a big sixty percent draw down a couple of years ago. Now it's
starting to move up again. It's been very volatile. If we're if we're
going to use it as an alternative currency, it can certainly have its place.
If it's just a long term form of savings, then if you bought
it right, it's been great, and if you bought it wrong, it's
been awful. So it just it depends on your timing because of those huge
swings. You know, twenty years gold's had a couple of big swings,
but overall it's gone up eight times in value over the last twenty years,
and more so beyond that, So there's there's some overlaps, there's some use
for both, but there's really no substitute for either one. You know,
there's some digital uses for bitcoin, but it also doesn't have the advantage of
gold of always being there. Yeah. No, Hey, you're preaching to
the choir here. So I kind of feel the same way. I mean,
I buy bitcoin every Monday. I've been swing grating it up until recently.
But once it brings a thousand, you know, it might be time
to take a little profits here. It's kind of a very This is called
the buying Bitcoin for dummies what I do. And I look, Hey,
I talked about cryptos. If I don't have any skin in the game,
then I'm just an armchair quarterback who doesn't really know anything about it. So
I've got my crypto is I'm not seen on anything else, you know,
Ethereum, you know, I just I just don't see it as the be
all on the end all Bitcoin is the is the gold standard of cryptos for
sure. Hey, So we'll have this first, this discussion, this conversation
again in a year, Michael, where are we going to be? Well,
that's a good question. I don't really like making predictions on the on
the future. I can see the trends, and I can, I can
make some guesses on where things are going, but there's so many, so
many times out there people say, oh, on this date, the dollar
is going to die, or by this date gold is going to be here.
But you know, the way the way I see the trend going,
the next year or two could see a big breakout. And you know,
we've got an election year this year where the Fed doesn't want to be too
political, but they might lose control of the markets with whatever they have to
do with interest rates after the election. If they keep everything together, maybe
after the election everything falls apart. But I mean, I think we're on
the cusp of something happening, whether it's a big, big draw down,
big pullback in the stock market, you know, and that would set gold
off and have it set off on its new run. You know. So
year or two from now, could we see gold at twenty five hundred and
silver back to forty or fifty. Very possibly. Maybe it takes longer than
that, but I think it's still very possible. So and you know,
this issue is they have a lot of room to run. They haven't accounted
for all the money we've printed out of thin air, so the next you
know, two years, five years, whatever it is. They have a
lot of room to run, like going multiple times higher in price just to
do what they've done historically. So yeah, I could not agree with you
more. It's a you know, Yogi beara once said, the prediction is
really hard, especially when it's about the future and the Yogisms since the Book
of Yogisms, and I think investors can learn a lot from it, you
know, when you get to a fork at the end of the road,
take it. Yeah. Yeah, But but do I feel good about holding
onto physical medals for the rest of this decade. Absolutely. I think they're
going to do very well. And there's a lot of peace of mind to
having you know, gold and silver coins in your hand, because that is
something that you know, it doesn't disappear that easily. I've had my bank
account hacked, I've had you know, zero's on my savings account disappear,
and I'm not very skilled at stopping that from someone overseas taking that, Whereas
if I have gold in my hand, it's a little little harder for someone
to get to. So we got the shotgun, and so you've got the
booby traps, and you got that don't tell everyone. And you got that
spear behind the wall my goal, right, that's my that's my mammoth spear.
And I haven't come across the mammoth yet to try it out on So
hopefully one of these days, all right, hopefully you'll never need to.
Hey, so what can we find you? How do we read your work?
How do we connect with you on the web? Yeah, yeah,
you want to put that in the notes. I've got a got a landing
page, a website you can go to. It's mcilvany dot com forward slash
Michael and so it's m c a l v a n y dot com forward
slash Michael m I c h a e l or folks can call me directly.
My direct number is nine seven zero four five nine four six one one.
Again it's nine seven zero four five nine four six one one. And
happy to advise clients personally, one on one with their portfolio. You know
how much gold or silver makes sense? Where to keep it? And answer
any questions with all the nuances that there are. All right, we appreciate
that. Hey, if you got a question for Michael or myself, shoot
me an email. K l at Kerrie Leuts dot com. Michael's link is
in the show notes this interview on Financial Survival Network dot com. You just
got to click link and you'll get right to his site. And while you're
there, please sign up for your free newsletter. Michael Pleasure, thanks so
much for coming on. Well, thank you for having me, Carrie.
It was a privilege, so I appreciate it. Thanks for listening to Carrie
Letz's Financial Survival Network, your solution to today's trying times. For the latest,
go to Financial Survivalnetwork dot com. Financial Survival Network now more than ever,