1 00:00:00,160 --> 00:00:05,360 These things happen because gold and silver go up with inflation when we print too 2 00:00:05,440 --> 00:00:08,800 much of our fiat currency. You know, the metals that are real money, 3 00:00:08,839 --> 00:00:11,519 that are limited and supplied, they go up in value, and they 4 00:00:11,560 --> 00:00:16,000 don't go perfectly sideways up year after year with inflation. Sometimes they go, 5 00:00:16,199 --> 00:00:19,239 you know, down, go sideways, and then they have this big jump 6 00:00:19,280 --> 00:00:22,719 in this big catchup move, and we're kind of at that perfect storm. 7 00:00:22,800 --> 00:00:27,920 Now you are listening to Carrie Let's's Financial Survival Network, where you get valuable 8 00:00:27,920 --> 00:00:33,399 information you just can't find anywhere else to thrive in today's trying times. You 9 00:00:33,560 --> 00:00:40,119 need the Financial Survival Network now more than ever. Go to Financial Survivalnetwork dot 10 00:00:40,119 --> 00:00:46,880 com and get your free newsletter and gift. Financial Survival Network now more than 11 00:00:46,960 --> 00:00:54,399 ever, and welcome. This is Financial Survival Network. I'm your host, 12 00:00:54,479 --> 00:00:58,479 Carrie Let's. Well, late gold prices have gone all over the place. 13 00:00:58,560 --> 00:01:04,000 They've gone the power ball one might stay and hey, how can that be? 14 00:01:04,680 --> 00:01:10,439 I thought that gold was a barbarous relic and silver was like, who 15 00:01:10,439 --> 00:01:15,040 needs silver when you have copper? Right? But Michael Arey's of the Nicol 16 00:01:15,079 --> 00:01:19,959 Vaney is here to explain to us exactly what's going on and why it took 17 00:01:19,000 --> 00:01:22,319 so long. Michael, It's great to have you back on the show. 18 00:01:22,519 --> 00:01:25,319 How are you well, I'm good, Carrie, thanks for having me on 19 00:01:25,359 --> 00:01:29,439 again. It's great to be here and interesting how things have changed. You 20 00:01:29,519 --> 00:01:34,040 know. I look back and when we talked before in February, we you 21 00:01:34,079 --> 00:01:37,159 know, you said on the show or titled the show precious Metals are worth 22 00:01:37,200 --> 00:01:40,599 the weight, and we kind of mentioned that in there, and honestly, 23 00:01:40,680 --> 00:01:47,239 I was thinking, all right, what's wrong? That's so fun? Yeah, 24 00:01:46,840 --> 00:01:49,920 but I was thinking, you know, yeah, we're we're we're soon 25 00:01:49,920 --> 00:01:52,920 to have a breakout. Something good's gonna happen here. It's been a long 26 00:01:52,959 --> 00:01:55,319 time, but you know, they're they're probably going to take off. I'm 27 00:01:55,319 --> 00:01:57,319 thinking, well, i'll see what happens later this year with the election whatever, 28 00:01:57,359 --> 00:02:00,640 and then you know, a month later in March, Gold starts to 29 00:02:00,680 --> 00:02:04,480 take off and never looks back. Now recently, I mean, you just 30 00:02:04,560 --> 00:02:07,400 had, you know, Craig Hemkeyon saying, oh, Silver's got to go 31 00:02:07,400 --> 00:02:09,199 about thirty. A couple days later, it goes above thirty. Not even 32 00:02:09,240 --> 00:02:14,560 trying to go back to thirty. It's just taken off. So it's interesting 33 00:02:14,599 --> 00:02:19,319 to see these acceleration phases in the metals when for so long you get a 34 00:02:19,360 --> 00:02:23,719 sideways move and just this up and down kind of going sideways, and you 35 00:02:23,840 --> 00:02:24,919 kind of think, oh, yeah, metals are never going to do anything, 36 00:02:24,960 --> 00:02:28,319 and then they take off. They're like, what's happening, what's going 37 00:02:28,360 --> 00:02:34,879 on? This is weird? Who I experts surprised? Expert surprised. But 38 00:02:35,000 --> 00:02:38,560 that's the thing, Carrie, this is normal. These things happen because gold 39 00:02:38,599 --> 00:02:43,560 and silver go up with inflation when we print too much of our fiat currency. 40 00:02:43,960 --> 00:02:46,280 You know, the metals that are real money, that are limited and 41 00:02:46,280 --> 00:02:50,240 supplied, they go up in value, and they don't go perfectly sideways up 42 00:02:50,280 --> 00:02:53,479 year after year with inflation. Sometimes they go you know down, go sideways, 43 00:02:53,560 --> 00:02:57,960 and then they have this big jump in this big ketchup move and we're 44 00:02:58,039 --> 00:03:01,039 kind of at that perfect storm now where you know, there's political dysfunction, 45 00:03:01,159 --> 00:03:06,479 there's distrust, there's potential war overseas, and really the FED is just kind 46 00:03:06,520 --> 00:03:09,080 of losing their mojo. You know, there's a lack of trust, a 47 00:03:09,159 --> 00:03:12,680 lack of faith that they can save this, that we can have a soft 48 00:03:12,759 --> 00:03:15,719 landing, and so you know, gold ahead of time is like, all 49 00:03:15,800 --> 00:03:17,280 right, well we need to go up now. You know, we're the 50 00:03:17,319 --> 00:03:22,759 safe haven asset. The market is buying that. But now it's ketchup mode. 51 00:03:22,800 --> 00:03:25,479 Now it's like, okay, gold should be much higher compared to the 52 00:03:25,560 --> 00:03:29,560 trillions and trillions of dollars we printed out of thin air. So now it 53 00:03:29,599 --> 00:03:32,199 has it's ketchup move and it looks like it goes straight up, and it's 54 00:03:32,360 --> 00:03:35,840 kind of fun to see that. But also it's not going to wait for 55 00:03:35,919 --> 00:03:38,240 us. People are late to the party at this point. Hey, if 56 00:03:38,280 --> 00:03:46,479 I look at the most good about housing but like just the most basic condo 57 00:03:46,639 --> 00:03:52,159 that could have purchased in nineteen seventy seven, in fact, my mother did 58 00:03:52,240 --> 00:03:58,719 for twenty one thousand. All right, Yeah, that that house is now 59 00:03:58,800 --> 00:04:02,520 selling well north of one hundred. So you're just using a multiplier of five 60 00:04:03,280 --> 00:04:11,960 back from when gold hit its peak in the eighties, and you know that's 61 00:04:12,000 --> 00:04:16,879 four thousand bucks, right, forty two fifty pardon my mat. Yeah, 62 00:04:17,040 --> 00:04:20,720 yeah, gold should go to four thousand to keep up with that condo, 63 00:04:20,800 --> 00:04:25,279 and it'll naturally do that to catch up to where it should be. Yeah, 64 00:04:25,319 --> 00:04:27,920 like you have to, you have to, you know your indicators. 65 00:04:27,959 --> 00:04:32,199 There's always these classical indicators of gold, right, Like they used to say 66 00:04:32,240 --> 00:04:39,519 one ounce by a fine man suit. Right, But like with all of 67 00:04:39,560 --> 00:04:44,600 the automation and stuff that happened, and the other countries, lower cost countries 68 00:04:44,600 --> 00:04:49,959 starting to produce higher quality garments, that measure lost its relevance to somewhat. 69 00:04:50,160 --> 00:04:54,839 Yes, for twenty three hundred bucks, you can buy a good suit, 70 00:04:55,680 --> 00:05:00,040 not like a like a hand seiler custom suit. Yeah, yeah, but 71 00:05:00,600 --> 00:05:03,639 really it's changed a lot. So you got to look at other indicators. 72 00:05:03,920 --> 00:05:09,480 One two of them that never fail are how many ounces of gold to buy 73 00:05:10,000 --> 00:05:15,560 your average home? Right now we're at like one hundred and fifty thereabouts, 74 00:05:15,680 --> 00:05:19,319 and the doubt of gold ratio right right, right, yep, those are 75 00:05:19,319 --> 00:05:23,079 indicators we look at. I think I've seen, you know, at different 76 00:05:23,079 --> 00:05:27,279 times it's around two hundred ounces of gold to buy an average single family home, 77 00:05:27,639 --> 00:05:30,639 you know, and maybe maybe it'll yeah yeah, and now it'll be 78 00:05:30,680 --> 00:05:34,839 a little bit less with gold prices going up, But that's the same I 79 00:05:34,879 --> 00:05:38,920 mean one hundred years ago, same amount of gold buys a house. Now, 80 00:05:39,000 --> 00:05:41,279 same amount of gold buys a house, you know, one hundred years 81 00:05:41,279 --> 00:05:44,519 ago, if you had two thousand or five thousand dollars to buy a house. 82 00:05:44,839 --> 00:05:48,439 We can't even buy a shed for that nowadays. So holding on to 83 00:05:48,519 --> 00:05:53,120 your dear cash for one hundred years can't buy a house, can't even buy 84 00:05:53,199 --> 00:05:56,000 shed. Holding onto that amount of gold for one hundred years, it still 85 00:05:56,000 --> 00:06:00,000 buys a house. So that's that's why it's real money. And yeah, 86 00:06:00,160 --> 00:06:01,800 it'll it'll go to where it's going to go. And then yeah, with 87 00:06:01,879 --> 00:06:05,240 the dow gold ratio, we're going to look at that for when to when 88 00:06:05,279 --> 00:06:08,800 to sell it when it's too high. You know, when we get it 89 00:06:08,839 --> 00:06:13,439 down into the low single digits, well then gold has probably done more than 90 00:06:13,480 --> 00:06:16,480 it's catchup move and maybe getting too high and let's rebalance, let's take some 91 00:06:16,560 --> 00:06:19,519 of those gains. But you know, if the dowt of gold ratio is 92 00:06:19,839 --> 00:06:25,120 over ten to one or twenty to one like it has been, it's gold 93 00:06:25,199 --> 00:06:28,279 is too cheap and you just have to buy it. It's just stupid cheap. 94 00:06:28,600 --> 00:06:32,759 Speaking of ratios gold to silver, what could you say about that? 95 00:06:32,759 --> 00:06:36,399 That one's interesting? Now, it's no, I was down to seventy five 96 00:06:36,480 --> 00:06:41,839 yesterday. What is my chart say seventy six right now? So yeah, 97 00:06:41,879 --> 00:06:44,800 so it's coming down it's been in the nineties, you know, in the 98 00:06:44,839 --> 00:06:46,639 last year or two, it's been in the eighties, the last couple of 99 00:06:46,680 --> 00:06:50,279 months. Now it's seventy five, so it is coming down significantly and looking 100 00:06:50,360 --> 00:06:55,079 at some of the price chart patterns and the structures it makes when you just 101 00:06:55,360 --> 00:06:58,959 chart out the gold silver ratio, it's starting to you know, to break 102 00:06:59,000 --> 00:07:00,959 out and it looks like it's really going to head down. Or you can 103 00:07:01,160 --> 00:07:04,560 flip it the other way and do a percentage of silver to the price of 104 00:07:04,600 --> 00:07:08,680 gold and it looks like it's breaking out and going up. But that one's 105 00:07:08,680 --> 00:07:12,160 been a significant change. I mean at mclavaney we watched that. We look 106 00:07:12,279 --> 00:07:15,800 for major turning points where we can switch from one metal to the other and 107 00:07:15,000 --> 00:07:18,879 increase our ounces, get free ounces when one metal has outperformed another, and 108 00:07:18,959 --> 00:07:24,040 we help our clients do that. So we absolutely watch the ratio and this 109 00:07:24,120 --> 00:07:27,720 is I think going to be another one of those times where it comes down 110 00:07:27,800 --> 00:07:30,199 quickly. It'll usually go up and stay up for a long long time where 111 00:07:30,319 --> 00:07:34,720 silver is undervalued and now Carrie, it's probably going to drop quickly. Silver's 112 00:07:34,720 --> 00:07:39,399 going to shoot up and then we can buy a bunch of extra free gold 113 00:07:39,519 --> 00:07:44,279 with our silver versus what we could get today for it. I like it. 114 00:07:44,360 --> 00:07:46,519 Yeah. Well, you know the problem with silver if you're having physical 115 00:07:46,639 --> 00:07:50,800 is it just is so heavy and it takes up so much space. Yeah, 116 00:07:50,879 --> 00:07:55,399 to physically secure it, which you should never do in your home, 117 00:07:55,800 --> 00:08:03,000 but everyone does. It's costly, it's probablematical and better. You know, 118 00:08:03,040 --> 00:08:07,199 you got a few ounce as of gold and they can easier hide it. 119 00:08:07,639 --> 00:08:11,800 Yeah. Yeah, it's interesting. I mean, you know, everyone's different. 120 00:08:11,920 --> 00:08:13,079 You know, clients that I talked to, there are so many people 121 00:08:13,120 --> 00:08:16,800 that they want to have that in their hands. They want to know that 122 00:08:16,879 --> 00:08:20,920 it's within arm's reach and I get that. I feel the same way, 123 00:08:20,120 --> 00:08:24,439 so, you know, but silver can get pretty heavy and bulky. We 124 00:08:24,480 --> 00:08:28,079 do have good storage depositories that we use that We've even gone out and audited 125 00:08:28,120 --> 00:08:33,519 our client's metals and seeing everything that's there and confirmed everything. So there are 126 00:08:33,559 --> 00:08:37,360 good storage options that we have. Taking delivery, I've had people that have 127 00:08:37,440 --> 00:08:39,799 taken tens of thousands of ounces of silver. I mean it's like half a 128 00:08:39,840 --> 00:08:43,519 ton of silver, but they just want it nearby and they want silver for 129 00:08:43,559 --> 00:08:48,960 the performance. But there are options, there are ways to logistically make it 130 00:08:48,000 --> 00:08:52,279 work well, so hey, so yeah, so silver. You know, 131 00:08:52,480 --> 00:08:58,279 Eric Sprout, one of the gurus of our space, says, three hundred 132 00:08:58,320 --> 00:09:03,759 dollars silver, is it possible? I think it's possible. I think mathematically 133 00:09:05,240 --> 00:09:09,480 five hundred is possible. And that's not you know, the fringe conspiracy theory 134 00:09:09,559 --> 00:09:16,159 number. Really just looking at the inflation adjusted high from nineteen eighty and the 135 00:09:16,279 --> 00:09:20,159 ratio it got to then and the amount of money out there. Now, 136 00:09:20,759 --> 00:09:24,879 you know, we can potentially see gold go ten to fifteen thousand dollars an 137 00:09:24,919 --> 00:09:28,000 ounce. That would just be it's high in nineteen eighty when it got to 138 00:09:28,039 --> 00:09:31,480 eight fifty briefly, and then looking at the money supply today. I mean 139 00:09:31,519 --> 00:09:35,039 back then you could have picked that number, and there was a guy, 140 00:09:35,159 --> 00:09:39,240 Jim Sinclair picked that number pretty close just looking at and I'd have to look 141 00:09:39,279 --> 00:09:41,720 back. I can't remember if he looked at M one or M two for 142 00:09:41,759 --> 00:09:45,559 the money supply and the amount of official reserves, which I don't know we 143 00:09:45,600 --> 00:09:48,159 can trust that nowadays, but you can kind of, you know he did. 144 00:09:48,240 --> 00:09:52,120 He came to that number, and if you do the same thing nowadays, 145 00:09:52,120 --> 00:09:54,519 it's ten or fifteen thousand dollars an ounce. Well, if gold goes 146 00:09:54,519 --> 00:09:58,120 to ten thousand, then what's silver? So nineteen eighty, you know what 147 00:09:58,159 --> 00:10:03,000 the ratio was at the high God, I want to say it was like 148 00:10:03,720 --> 00:10:09,840 fifteen to one or something very close, very very close. One seventeen to 149 00:10:09,879 --> 00:10:15,559 one. Oh, I knew it was like ridiculously low bear to current numbers. 150 00:10:15,759 --> 00:10:18,200 Yeah, and again that's a peak point. You know we're going to 151 00:10:18,320 --> 00:10:20,360 hit something close to that when we have time to do a transaction. But 152 00:10:20,639 --> 00:10:24,639 yeah, you're right on. So imagine that today. Let's say gold goes 153 00:10:24,679 --> 00:10:28,000 to ten thousand dollars an ounce to just kind of catch up to where it 154 00:10:28,000 --> 00:10:31,799 should be with the money supply, Then what silver silver? The ratio gets 155 00:10:31,799 --> 00:10:35,039 down to twenty to one. Again, that's five hundred dollars silver, So 156 00:10:35,559 --> 00:10:39,240 that's very possible. That may be a brief event, but I mean anything 157 00:10:39,320 --> 00:10:43,200 from two hundred or five, whether it is possible silver gets to five hundred, 158 00:10:43,840 --> 00:10:46,960 is that going to be in today's dollars or is it going to be 159 00:10:48,039 --> 00:10:54,080 wildly depreciated future dollars? Where what I'm asking effectively, is the real purchasing 160 00:10:54,159 --> 00:10:58,759 power of silver and gold going to increase or is it just going to stay 161 00:10:58,759 --> 00:11:05,039 this same and we're just to have more dollars, you know. That's that's 162 00:11:05,039 --> 00:11:07,600 a good question. There are probably a lot smarter people than me that could 163 00:11:07,679 --> 00:11:13,960 pontificate on that. My feeling is from my experience, from what I've seen, 164 00:11:13,039 --> 00:11:16,480 is that gold and silver are going to overshoot where they should be. 165 00:11:16,759 --> 00:11:22,200 I think there will be a brief time where they go well passed and actually 166 00:11:22,240 --> 00:11:26,639 give us a gain, an increase in purchasing power far above inflation, and 167 00:11:26,679 --> 00:11:28,720 then come down to a new normal. So it may be the gold goes 168 00:11:28,720 --> 00:11:33,000 to ten thousand, comes back down to four or five thousand, and that's 169 00:11:33,120 --> 00:11:35,480 the new normal for the next generation. Like still higher than we're at now. 170 00:11:35,480 --> 00:11:39,799 We'll just be you know, the next generation's normal, but for a 171 00:11:39,879 --> 00:11:43,159 time, I imagine I bet that it will, and especially with silver, 172 00:11:43,279 --> 00:11:46,960 if it goes to several hundred dollars an ounce, I think it will overshoot 173 00:11:48,360 --> 00:11:50,159 and then come back down to reality and there will be a time where we 174 00:11:50,519 --> 00:11:54,480 take advantage of this once in a generation event with the growth in metals. 175 00:11:54,799 --> 00:11:58,399 And this really is carry like your listeners need to know this. This is 176 00:11:58,440 --> 00:12:03,440 one of those once in a life time opportunities to grow your portfolio with the 177 00:12:03,480 --> 00:12:07,919 big ketchup move in metals and have enough of an exposure to benefit from that. 178 00:12:07,679 --> 00:12:11,519 I like that, the big ketchup move in metals. And hey, 179 00:12:11,799 --> 00:12:20,600 so if you're able to take you know, what's seventy six ounces of silver 180 00:12:20,720 --> 00:12:24,080 now for one ounce of gold, and then down the road, instead of 181 00:12:24,159 --> 00:12:31,799 getting one ounce, you're getting five ounces almost, That's that's a big difference. 182 00:12:33,120 --> 00:12:39,000 So even if the purchasing power isn't going up, the purchasing power in 183 00:12:39,080 --> 00:12:43,519 time in terms of how much gold it will buy is going up correct well. 184 00:12:43,559 --> 00:12:46,480 Well, and that's just that's one way we're going to capture our gains 185 00:12:46,519 --> 00:12:50,559 a lot of way along the way. So for our clients at maclvane, 186 00:12:50,559 --> 00:12:52,799 if for anyone working with me, we're going to be doing some of that 187 00:12:52,879 --> 00:12:56,159 along the way, maybe not waiting to the very end. We might want 188 00:12:56,159 --> 00:12:58,559 to be scaling out of our precious metals at that very end point, at 189 00:12:58,600 --> 00:13:01,720 that very low ratio, but along the way we're going to hit points where 190 00:13:03,080 --> 00:13:05,799 you know, people that have bought five years ago, well, on this 191 00:13:05,840 --> 00:13:07,279 next move up in silver, they can get to a point where they can 192 00:13:07,480 --> 00:13:11,919 double their ounces from where they started, and maybe we take some of our 193 00:13:11,960 --> 00:13:16,399 silver and turn it into gold, and we're essentially capturing that gain in three 194 00:13:16,399 --> 00:13:18,440 ounces of gold. We're locking it in. We have extra three ounces of 195 00:13:18,440 --> 00:13:20,720 gold that we didn't have before, and we're locking in that gain. If 196 00:13:20,720 --> 00:13:24,480 there's a correction, great, we can reset for a little bit. If 197 00:13:24,480 --> 00:13:28,639 it keeps going, that's fine. We haven't tried to time the market perfectly. 198 00:13:28,720 --> 00:13:31,399 We're just we're making our pile bigger along the way. Okay, So 199 00:13:33,399 --> 00:13:37,480 the doubt to gold ratio, that's kind of when you know it's time to 200 00:13:37,480 --> 00:13:39,399 get out of metals. If it gets down to two to one, three 201 00:13:39,440 --> 00:13:45,600 to one, or one to one even then it's kind of flashing of major 202 00:13:45,679 --> 00:13:48,639 buy for the stock market. Huh. Yeah, that would be the case 203 00:13:48,679 --> 00:13:54,519 too. I think we'll get to a point of selling gold and buying stocks 204 00:13:54,679 --> 00:13:58,519 potentially if interest rates are high enough, going back into the bonds again too, 205 00:13:58,559 --> 00:14:01,440 if they're paying enough. But yeah, the Dow gold ratio will be 206 00:14:01,679 --> 00:14:03,679 a big indicator. And I've got actually a list for my clients, and 207 00:14:03,720 --> 00:14:07,159 I'm going to let them know. I've got a list of like ten indicators 208 00:14:07,159 --> 00:14:09,720 of this is what we normally see at the end of a bowl market in 209 00:14:09,759 --> 00:14:13,360 metals, how people are acting, what the news is saying, what's going 210 00:14:13,399 --> 00:14:15,559 on in the world. There's a lot of things we'll know, but the 211 00:14:15,600 --> 00:14:18,120 Dow gold ratio will be a good one. So what is it now? 212 00:14:18,159 --> 00:14:22,759 Seventeen to one? Roughly? What can we say it is sixteen? Between 213 00:14:22,799 --> 00:14:26,240 sixteen and seventeen to one. So yeah, the end of a bowl market, 214 00:14:26,240 --> 00:14:28,919 the time when you want to reallocate some of your goal, the time 215 00:14:28,919 --> 00:14:31,559 when you want to buy stocks. Maybe five to one or less. I 216 00:14:31,600 --> 00:14:33,840 mean, I think it could go to two or three to one. So 217 00:14:33,399 --> 00:14:39,120 huge multiplier, huge multiplier. And it's not like we'd even get rid of 218 00:14:39,120 --> 00:14:41,840 all our gold either. I think everyone should always have amount of gold, 219 00:14:43,039 --> 00:14:46,440 yeah, whether it's ten or twenty percent, whatever it is. But we 220 00:14:46,519 --> 00:14:50,120 may be high in that percentage when gold is ten thousand dollars down. So 221 00:14:50,159 --> 00:14:52,919 then let's say, all right, well let's go back to a foundational amount. 222 00:14:54,159 --> 00:14:56,039 Oh, stocks are dirt cheap, Okay, let's buy a bunch of 223 00:14:56,080 --> 00:15:01,440 those for pennies on the dollar compared to today. So there'll be a reallocation. 224 00:15:01,559 --> 00:15:03,840 We'll take advantage of these moves, but we also need to be on 225 00:15:03,879 --> 00:15:07,440 the trend right now, because this is this is where they're going. All 226 00:15:07,519 --> 00:15:11,000 right, it's exciting times here. Just tell us, Michael, where we 227 00:15:11,080 --> 00:15:15,559 find you connect with you. Give us your phone number, Yeah, the 228 00:15:15,559 --> 00:15:18,759 phone number you again, call our text We can get in touch that way. 229 00:15:18,759 --> 00:15:24,080 It's nine seven zero four five nine four six one one Again nine seven 230 00:15:24,200 --> 00:15:28,360 zero four five nine four six one one. Call me directly, send me 231 00:15:28,399 --> 00:15:31,279 a text. We'll connect. Any questions you have, I'm happy to help. 232 00:15:31,440 --> 00:15:35,240 Right, and the link is in the shows to this interview on Financial 233 00:15:35,320 --> 00:15:39,480 Survival Network dot com. If you've got a question for Michael byself, shoot 234 00:15:39,519 --> 00:15:43,559 me an email kl at Carrie Lutz and hey, while you're at the site, 235 00:15:43,679 --> 00:15:46,799 sign up for your free newsletter Michael. Always a pleasure, Thanks for 236 00:15:46,840 --> 00:15:50,080 coming by. Thank you, Kerrie Privilege. I appreciate it. Thanks for 237 00:15:50,159 --> 00:15:56,519 listening to Carrie Leutz's Financial Survival Network, your solution to today's trying times. 238 00:15:56,759 --> 00:16:03,240 For the latest, go to Financial Survival Network dot com. Financial Survival Network 239 00:16:03,639 --> 00:16:04,120 now more than ever