1
00:00:00,040 --> 00:00:02,839
Speaker 1: You know, like we mentioned earlier, it's thirty five dollars

2
00:00:03,160 --> 00:00:06,879
more or less, you know, per ounce this morning as

3
00:00:06,879 --> 00:00:09,960
we speak. You know, could it fall a yeah, of

4
00:00:09,960 --> 00:00:12,439
course anything can go down, you know, But is there

5
00:00:12,480 --> 00:00:15,720
more upside than there's downside risk to it? I think

6
00:00:15,759 --> 00:00:20,440
there is more upside value than there is downside risk.

7
00:00:20,519 --> 00:00:23,600
And so you know, if you've already been stacking, good

8
00:00:23,600 --> 00:00:25,480
for you, don't be afraid to stack some more.

9
00:00:25,719 --> 00:00:29,640
Speaker 2: You're listening to Carrie Let's's Financial Survival Network, where you

10
00:00:29,640 --> 00:00:33,600
get valuable information you just can't find anywhere else to

11
00:00:33,759 --> 00:00:37,799
thrive in today's trying times. You need the Financial Survival

12
00:00:37,840 --> 00:00:42,560
Network now more than ever. Go to Financial Survivalnetwork dot

13
00:00:42,560 --> 00:00:46,920
com and get your free newsletter and gift. Financial Survival

14
00:00:46,960 --> 00:00:49,840
Network now more than ever.

15
00:00:53,039 --> 00:00:56,359
Speaker 3: And welcome you are listening to and watching the Financial

16
00:00:56,359 --> 00:00:58,560
Survival Network. I'm your host, Carrie lets.

17
00:00:59,200 --> 00:00:59,439
Speaker 1: Well.

18
00:00:59,520 --> 00:01:04,120
Speaker 3: It's June fifth, twenty twenty five. Silver has finally broken

19
00:01:04,680 --> 00:01:08,959
thirty five dollars an ounce again. And the question is

20
00:01:09,079 --> 00:01:12,799
it on its way to all time records or to

21
00:01:12,920 --> 00:01:16,640
all time disappointments like we've seen so many times in

22
00:01:16,719 --> 00:01:20,879
the past and with us now is Byron King you

23
00:01:20,959 --> 00:01:27,159
know him well, season geologist, financial analyst, many decades of experience,

24
00:01:27,799 --> 00:01:32,280
and you've seen him on the major news networks all

25
00:01:32,319 --> 00:01:35,799
of that. So, Byron, it's great to have you on

26
00:01:35,840 --> 00:01:40,040
the show. Silver's surge it's the highest and over a decade.

27
00:01:40,680 --> 00:01:43,799
What factors do you believe are driving the surge and

28
00:01:44,319 --> 00:01:45,680
how long can this go on for?

29
00:01:46,640 --> 00:01:49,480
Speaker 1: Well, if you've been stacking silver for a while, you're

30
00:01:49,480 --> 00:01:52,400
a very happy person these days. If you have been

31
00:01:52,439 --> 00:01:55,719
buying shares in silver mining companies or companies that have

32
00:01:55,760 --> 00:01:58,159
a silver stream coming out of what they did dig

33
00:01:58,200 --> 00:02:00,439
out of the ground, you too are also a very

34
00:02:00,480 --> 00:02:02,760
happy person. I mean, things are just roaring in the

35
00:02:02,799 --> 00:02:05,840
silver space as you as you elluded in your intro.

36
00:02:05,959 --> 00:02:09,199
Thank you, carry it's great to be with you. What's

37
00:02:09,319 --> 00:02:13,560
driving it is? It's the tailwind of the upswing in gold.

38
00:02:13,680 --> 00:02:16,560
Of course, you know gold hit thirty five hundred bucks earlier.

39
00:02:16,599 --> 00:02:19,599
It's it's well over thirty three hundred right now. That

40
00:02:19,680 --> 00:02:23,159
seems to be a very solid, uh you know floor

41
00:02:23,199 --> 00:02:25,800
for gold, and everybody's been saying, wow, you know when

42
00:02:25,879 --> 00:02:28,319
silver going to catch up? When silver going to catch up? Well,

43
00:02:28,439 --> 00:02:30,840
I guess we're finding out, you know, when silver is

44
00:02:30,879 --> 00:02:33,280
going to catch up. Is it just a monetary thing? No,

45
00:02:33,360 --> 00:02:36,919
not really. Silver you know, used to be monetary in

46
00:02:36,960 --> 00:02:39,159
the sense that we had silver quarters and silver dimes

47
00:02:39,199 --> 00:02:42,479
and silver dollars and things like that. Not anymore. But

48
00:02:43,879 --> 00:02:46,479
you know it has been overshadowed in recent decades just

49
00:02:46,520 --> 00:02:49,400
by you know, as an industrial metal. You know, Well,

50
00:02:49,439 --> 00:02:52,000
the thing is that as industrial metals go, you know,

51
00:02:52,039 --> 00:02:54,120
we live in a world with more and more electronics,

52
00:02:54,719 --> 00:02:57,240
more and more, say renewables, and you can't do solar

53
00:02:57,280 --> 00:03:01,439
panels without silver. In When I say electronics, I mean

54
00:03:01,479 --> 00:03:04,080
I'm talking everything from the screen that you know that

55
00:03:04,159 --> 00:03:06,639
the viewers are watching us on, to you know, to

56
00:03:06,719 --> 00:03:09,439
your microwave oven, to your refrigerator, to you know, to

57
00:03:09,560 --> 00:03:11,560
what's what's in your car. There is silver in the

58
00:03:11,599 --> 00:03:15,840
electronics there uh and then uh uh, you know, an

59
00:03:16,039 --> 00:03:21,000
entire explosion, if you'll excuse the pun. In global defense spending,

60
00:03:21,479 --> 00:03:24,759
quite a bit of a military hardware, including stuff that

61
00:03:24,840 --> 00:03:27,680
goes boom and explodes, has a lot of silver in it.

62
00:03:27,719 --> 00:03:29,759
I mean, I don't get into the details, but there's

63
00:03:29,759 --> 00:03:32,240
a lot of silver insights. Say a cruise missile, you know.

64
00:03:32,280 --> 00:03:37,000
Speaker 3: Five ounces of silver over five hundred ounces, which means

65
00:03:37,039 --> 00:03:43,080
fifteen thousand and seventeen five hundred dollars or more. Silver

66
00:03:43,520 --> 00:03:46,759
that blows up every time, every.

67
00:03:46,520 --> 00:03:49,080
Speaker 1: Time, So you can mind the explosion site or something.

68
00:03:49,120 --> 00:03:51,039
But uh, you know, not to make not to make

69
00:03:51,080 --> 00:03:53,919
a joke out of it, but the but yeah, and

70
00:03:53,960 --> 00:03:56,240
then and then other countries in the world are are

71
00:03:56,280 --> 00:04:00,840
stockpiling like crazy. The Chinese are buying, the Indians are buying.

72
00:04:01,520 --> 00:04:05,719
Russia has begun to accumulate silver silver as part of

73
00:04:05,759 --> 00:04:10,560
its own state reserve system, and so there is there

74
00:04:10,639 --> 00:04:13,520
is very very solid demand. It's not just people going

75
00:04:13,560 --> 00:04:16,360
to the coin shop and buying old silver dollars or something.

76
00:04:16,720 --> 00:04:22,079
It's it's uh, we're talking government, state level demand, central

77
00:04:22,079 --> 00:04:24,519
bank level demand, which is what drove gold as well.

78
00:04:24,680 --> 00:04:26,839
But now we're starting to see it in silver and

79
00:04:26,879 --> 00:04:33,199
then big, big, big industrial stockpile demand as well as

80
00:04:33,360 --> 00:04:35,920
you know, you're starting to see just really big money,

81
00:04:36,199 --> 00:04:39,199
you know, big institutional money, you know hedge funds and

82
00:04:39,279 --> 00:04:42,839
private equity and you know, family offices and to big

83
00:04:43,079 --> 00:04:46,720
money bags moving into the metal sector in general, but

84
00:04:46,839 --> 00:04:50,399
gold and silver in particular. And these aren't just trading

85
00:04:50,439 --> 00:04:53,360
in and out there. These are positioning as in they

86
00:04:53,399 --> 00:04:56,839
expect something long term, and so you know, you know,

87
00:04:56,879 --> 00:04:59,519
we live in an inflationary world. We live in a

88
00:04:59,600 --> 00:05:01,759
world of debt. We live in a world where the

89
00:05:01,759 --> 00:05:06,439
future of you know, the dollar, the euro is problematic.

90
00:05:06,480 --> 00:05:09,680
I mean, Japan can't sell its government bonds. The Euro

91
00:05:09,959 --> 00:05:13,040
is you know, just you know, it's always it's just

92
00:05:13,439 --> 00:05:16,399
you know, it's it's the European currency. But it's you know,

93
00:05:16,600 --> 00:05:18,879
it's got huge problems just in terms of you know,

94
00:05:18,920 --> 00:05:22,879
what's there to support the euro in the European economy.

95
00:05:22,879 --> 00:05:25,800
I mean, they're short of energy, shorter materials, you know,

96
00:05:25,959 --> 00:05:28,000
got all sorts of cultural and social problems, and a

97
00:05:28,040 --> 00:05:31,079
big war raging on the eastern side of the continent.

98
00:05:31,120 --> 00:05:32,920
So I mean there's lots and lots and lots of

99
00:05:32,959 --> 00:05:35,839
reasons why silver is moving. And you know, as far

100
00:05:35,879 --> 00:05:38,480
as investors are concerned, is moving, you know, be there,

101
00:05:38,720 --> 00:05:40,920
you know, I don't care why.

102
00:05:41,160 --> 00:05:44,519
Speaker 3: Yeah, I mean, it's nice to have justifications, but they

103
00:05:44,519 --> 00:05:47,399
don't really matter in the end. Just they go up,

104
00:05:47,519 --> 00:05:52,120
they go down, whatever. So look at ahead to the

105
00:05:52,199 --> 00:05:58,240
future here and really gold, you know, it's had an

106
00:05:58,279 --> 00:06:01,519
amazing run. I remember just a few short years ago

107
00:06:01,720 --> 00:06:04,600
it was trading, you know, one thousand dollars eleven hundred

108
00:06:04,600 --> 00:06:09,519
dollars an ounce. Forever it almost seemed, and now finally

109
00:06:09,879 --> 00:06:14,399
it made its move. And silver is always the laggered generally,

110
00:06:14,480 --> 00:06:18,240
but then towards the later part of the cycle it

111
00:06:18,319 --> 00:06:22,399
becomes the driver. Is that what we're going to see here?

112
00:06:22,839 --> 00:06:25,360
Speaker 1: I think we are. I mean, it's you know, like

113
00:06:25,600 --> 00:06:28,759
we mentioned earlier, it's thirty five dollars more or less,

114
00:06:28,839 --> 00:06:33,439
you know, per ounce this morning as we speak. You know,

115
00:06:33,519 --> 00:06:36,439
could it fall like yeah, of course anything can go down,

116
00:06:36,480 --> 00:06:39,240
you know, but is there more upside than there's downside

117
00:06:39,319 --> 00:06:44,160
risk to it? I think there is more upside value

118
00:06:44,199 --> 00:06:47,199
than there is downside risk. And so you know, if

119
00:06:47,240 --> 00:06:49,759
you've already been stacking, good for you. Don't be afraid

120
00:06:49,759 --> 00:06:51,920
to stack some more. If you if you've bought some

121
00:06:52,040 --> 00:06:54,519
silver shares and you're wondering should I buy more? Yes,

122
00:06:54,639 --> 00:06:57,439
buy some more. If you haven't bought any silver shares,

123
00:06:57,879 --> 00:06:59,240
you know you're a little bit late to the game,

124
00:06:59,240 --> 00:07:01,720
But that's okay about it. Don't don't beat yourself up,

125
00:07:01,759 --> 00:07:05,279
but don't don't sit don't sit around too long, you know,

126
00:07:05,319 --> 00:07:07,399
go out there and you know, get some you know,

127
00:07:07,600 --> 00:07:10,199
get get some silver shares, because there is there is

128
00:07:10,199 --> 00:07:12,600
a move going on. Uh some of the you know,

129
00:07:12,639 --> 00:07:14,319
go to the charts and look at some of the

130
00:07:14,360 --> 00:07:17,600
silver charts for these different companies in the last same month,

131
00:07:17,920 --> 00:07:22,319
and they've had extremely solid uh uh moves upwards the charts.

132
00:07:22,360 --> 00:07:25,839
You're beautiful. Uh And and that's and where we're at

133
00:07:25,839 --> 00:07:28,319
the beginning of this. I mean, like I said earlier,

134
00:07:28,319 --> 00:07:32,519
the big money is just moving in to get positioned.

135
00:07:32,560 --> 00:07:35,839
You know, if you're watching this show, you know you

136
00:07:36,120 --> 00:07:40,199
are special. You know, you are not everybody else out

137
00:07:40,240 --> 00:07:42,680
there in marketland. You know you if you're watching this

138
00:07:42,720 --> 00:07:45,360
show and you're interested in you know, metals, gold, silver,

139
00:07:45,920 --> 00:07:47,800
you know, the hard assets kind of thing, you know,

140
00:07:47,600 --> 00:07:50,920
you're you're in a very very small niche of investors,

141
00:07:50,920 --> 00:07:53,319
and so you're we're you know, we're giving you a

142
00:07:53,399 --> 00:07:56,800
general sense of information and a general sense of confidence

143
00:07:56,839 --> 00:07:58,839
that that isn't out there. You know, you don't read

144
00:07:58,920 --> 00:08:01,279
articles about silver and the Wall Street Journal or the

145
00:08:01,279 --> 00:08:04,240
New York Times Business section, you know, oh true.

146
00:08:04,319 --> 00:08:06,959
Speaker 3: Yeah, I don't remember the last time. I think when

147
00:08:06,959 --> 00:08:11,120
they accidentally reported something happens, probably there's an incident and

148
00:08:11,199 --> 00:08:15,319
a mine. That's when you hear from them. Otherwise it's

149
00:08:15,360 --> 00:08:19,879
the redheaded stepchild of the investment world and the commodities

150
00:08:19,879 --> 00:08:22,480
world too, for that matter. And it's such a small market.

151
00:08:22,920 --> 00:08:28,000
If the buying that you're referring to actually materializes, the

152
00:08:28,040 --> 00:08:29,160
sky's the limit here.

153
00:08:30,199 --> 00:08:32,559
Speaker 1: Yes, And and the thing is, it's not just you know,

154
00:08:32,639 --> 00:08:35,200
the silver mining company. You know, sure you can go

155
00:08:35,240 --> 00:08:37,759
out there and find lots of There are more than

156
00:08:37,799 --> 00:08:40,919
a few very solid companies that are focused on silver,

157
00:08:41,480 --> 00:08:43,399
you know, you know, names that are not hard to

158
00:08:43,399 --> 00:08:45,600
come up with. But a lot of other companies, you know,

159
00:08:45,799 --> 00:08:48,080
mine silver is part of everything else. I mean, you

160
00:08:48,120 --> 00:08:50,679
know big companies, you know BHP and Rio Tinto and

161
00:08:51,080 --> 00:08:55,720
you know Freeport Macmarin. They mind copper, you know, but

162
00:08:55,720 --> 00:08:58,039
but with the copper they get silver, they get gold.

163
00:08:58,600 --> 00:09:01,279
There are quite a few other you know, gold companies

164
00:09:01,320 --> 00:09:04,240
that produce a heckro a lot of silver uh as

165
00:09:04,360 --> 00:09:07,559
just a byproduct uh copper, you know, I mentioned copper,

166
00:09:07,600 --> 00:09:11,519
but you know so uh so it ranges all the

167
00:09:11,519 --> 00:09:14,039
way from big mining where the silver might be a

168
00:09:14,080 --> 00:09:16,159
small component, but it's going to be very sweet. It's

169
00:09:16,159 --> 00:09:18,399
going to juice to it's going to juice their earnings

170
00:09:18,559 --> 00:09:21,399
you know, back into sort of the precious metal mining companies.

171
00:09:21,440 --> 00:09:23,559
I mean it's hard to mind gold without getting some

172
00:09:23,679 --> 00:09:26,039
silver out of it. And and then you get into

173
00:09:26,080 --> 00:09:28,960
the dedicated you know, silver companies. You know that that

174
00:09:29,080 --> 00:09:31,240
companies that have the word silver in their name.

175
00:09:31,320 --> 00:09:35,159
Speaker 3: You know, yeah, rightly or wrongly, but you know there's

176
00:09:35,600 --> 00:09:40,759
uh yeah, it's it's really interesting. There's so few silver

177
00:09:41,440 --> 00:09:44,559
pure plays around right right now.

178
00:09:44,679 --> 00:09:46,879
Speaker 1: I would I well, just in terms of like where

179
00:09:46,879 --> 00:09:48,960
I'm coming from, what I look at and what I

180
00:09:49,000 --> 00:09:51,600
write about, I mean I look at you know, the

181
00:09:52,120 --> 00:09:56,159
small sort of exploration and early development, mid stage development companies.

182
00:09:56,159 --> 00:09:58,320
I spend a lot of time focused on those. I mean,

183
00:09:58,360 --> 00:10:00,679
you know, the big guys, you know, the bigger silver guys,

184
00:10:00,679 --> 00:10:02,399
you know, I mean you know the you know, core

185
00:10:02,559 --> 00:10:05,080
mining or Heckla. You know's a couple of names out

186
00:10:05,120 --> 00:10:07,960
there just you know very you know, they're well known

187
00:10:08,039 --> 00:10:13,080
silver producing companies, you know absolutely, you know, First Majestic, Sure, yeah,

188
00:10:13,159 --> 00:10:15,720
you know, I mean, big, big silver names. But there's

189
00:10:15,759 --> 00:10:18,720
a whole slew of others that we do that we

190
00:10:18,759 --> 00:10:22,799
look at, you know, kind of because I expect there's

191
00:10:22,840 --> 00:10:25,159
going to be M and A there's gonna be acquisitions.

192
00:10:25,159 --> 00:10:26,960
There's gonna be a lot of horse trading in there

193
00:10:27,000 --> 00:10:30,399
where you know, you know, a development a development company

194
00:10:30,440 --> 00:10:33,080
will sell off, you know, a silver project to a

195
00:10:33,399 --> 00:10:37,799
bigger guy and you know, take shares, take cash whatever. Uh. Yes,

196
00:10:37,879 --> 00:10:40,799
so it's it's all good. And people who actually mine

197
00:10:40,799 --> 00:10:43,039
and produce silver, I mean when you when you're selling

198
00:10:43,080 --> 00:10:45,120
it for thirty five dollars announce, it's a lot better

199
00:10:45,159 --> 00:10:47,759
for your bottom line than twenty five dollars announce, you know.

200
00:10:48,399 --> 00:10:52,440
Speaker 3: Yeah, because yeah, the price went up, but presumably your

201
00:10:52,480 --> 00:10:56,320
costs are been pretty fixed, which happens once you have

202
00:10:56,399 --> 00:10:57,600
a producing mine.

203
00:10:57,480 --> 00:10:59,960
Speaker 1: Right Well, yes, I mean, I mean there you know,

204
00:11:00,120 --> 00:11:03,200
labor is going up, Yes, costs of concrete, cost of steel,

205
00:11:03,559 --> 00:11:05,840
I kind of thing. But one of the big components

206
00:11:05,879 --> 00:11:09,000
of mining expense right now is energy, you know, I mean,

207
00:11:09,039 --> 00:11:12,480
mining is a big user of say diesel fuel, for example.

208
00:11:12,519 --> 00:11:15,480
And look at the price of oil. It's been low

209
00:11:15,519 --> 00:11:18,639
and you know, kind of in the doldrums lately. So

210
00:11:18,639 --> 00:11:20,440
so that that that check that you write to Shove

211
00:11:20,519 --> 00:11:23,159
Run or to Shell oil company or you know, whoever's

212
00:11:23,159 --> 00:11:25,480
supplying your diesel fuel. You know, it's it's a it's

213
00:11:25,480 --> 00:11:28,080
not as big of a check as as as you know,

214
00:11:28,120 --> 00:11:30,360
as it used to be or as it could be. Uh,

215
00:11:30,399 --> 00:11:32,879
and that saves an awful lot of money. And uh

216
00:11:33,279 --> 00:11:36,080
uh you know in in the mining industry, uh you know,

217
00:11:36,480 --> 00:11:38,679
you know, if you start to see the price of oil,

218
00:11:39,200 --> 00:11:41,519
you know, going up or for some reason, I mean,

219
00:11:41,519 --> 00:11:43,799
it depends where you are when the price of electricity

220
00:11:43,840 --> 00:11:46,519
starts to skyrock. Okay, well that that could be a

221
00:11:46,559 --> 00:11:49,879
problem in terms of just operating costs. But but right now,

222
00:11:50,080 --> 00:11:53,759
the mining guys are in a very sweet spot. You know,

223
00:11:53,879 --> 00:11:57,480
They're the big problem for the explorers and the developers

224
00:11:57,519 --> 00:11:59,679
is getting drill rigs out there so that they can

225
00:12:00,039 --> 00:12:01,600
you know, drill all the holes and pull all the

226
00:12:01,639 --> 00:12:03,759
course out and and and you know, show them on

227
00:12:03,799 --> 00:12:06,679
the show them on the on their website, say, oh,

228
00:12:06,799 --> 00:12:08,679
look at that lit the wonderful rocks we found.

229
00:12:08,679 --> 00:12:12,039
Speaker 3: Look at the great mineralization. Yeah, yeah, so true. And

230
00:12:12,639 --> 00:12:15,919
that's the funny thing. You know, before they're worried about

231
00:12:15,960 --> 00:12:19,039
how they're going to pay their bills, and their operating

232
00:12:19,120 --> 00:12:23,799
margins are so slim and narrow, and now they've had

233
00:12:23,799 --> 00:12:28,320
this huge opposite of compression expansion of margins, and that

234
00:12:28,440 --> 00:12:31,399
takes a lot of pressure off and that's also great

235
00:12:31,399 --> 00:12:32,120
for the stocks.

236
00:12:33,480 --> 00:12:36,559
Speaker 1: Yeah. Yeah, So again to the subscribers and the viewers

237
00:12:36,759 --> 00:12:40,279
out there, people who follow you carry and uh you know,

238
00:12:40,679 --> 00:12:42,960
for those who read Paradigm Press, which is where I

239
00:12:43,000 --> 00:12:46,279
write with Jim Records and you know, Paradigm Press, Paradigm

240
00:12:46,320 --> 00:12:50,440
Pressgroup dot com. Plug there if you don't mind, uh

241
00:12:50,440 --> 00:12:53,320
we yeah, this is you know, this is this is

242
00:12:53,360 --> 00:12:56,320
some of what we talk about. And uh uh And

243
00:12:56,360 --> 00:12:57,919
in another way, I want just say, I'm going to

244
00:12:57,960 --> 00:13:00,480
get this point in for people out there who are

245
00:13:00,720 --> 00:13:02,840
maybe new to this or maybe just kind of getting

246
00:13:02,919 --> 00:13:05,600
into it, like you know, what am I getting into here.

247
00:13:06,159 --> 00:13:08,279
It's not so much that you have to pick the

248
00:13:08,399 --> 00:13:11,080
right stock or the right company. I mean, it's always

249
00:13:11,120 --> 00:13:13,519
good to pick the right stock that goes up twenty

250
00:13:13,679 --> 00:13:16,360
x or thirty x or something like that. You definitely

251
00:13:16,440 --> 00:13:18,519
want to be in the right sector, you know, I mean,

252
00:13:18,559 --> 00:13:21,039
you want to be where the where the tide is rising,

253
00:13:21,080 --> 00:13:23,679
so to speak, you know, and right now in just

254
00:13:23,759 --> 00:13:27,120
in hard assets in general, in you know, you know,

255
00:13:27,639 --> 00:13:32,720
exotic metals in more general, but it certainly in silver

256
00:13:32,840 --> 00:13:37,240
and gold, platinum. You know, the tide is rising out there.

257
00:13:37,320 --> 00:13:42,200
And it's it's being driven by global events, massive monetary events,

258
00:13:42,200 --> 00:13:45,480
geopolitical events, or everything else. Way beyond our pay grade,

259
00:13:45,519 --> 00:13:47,919
way beyond our ability to turn the rudder one way

260
00:13:48,000 --> 00:13:49,799
or the other. But you know, you want to be

261
00:13:49,840 --> 00:13:51,360
in the right sector, in the right place, at the

262
00:13:51,399 --> 00:13:54,000
right time. And this is part of it, you know,

263
00:13:55,000 --> 00:13:57,960
the precious metals, and we're seeing it reflected in their price.

264
00:13:59,279 --> 00:14:05,240
Speaker 3: Yeah exactly. And you know, like I say, nothing surprising here.

265
00:14:05,759 --> 00:14:09,200
So one piece of advice, because you've been through more

266
00:14:09,240 --> 00:14:12,960
booms and busts than I have, painfully start to believe,

267
00:14:13,759 --> 00:14:18,600
h one, Just one piece of advice that you have

268
00:14:18,799 --> 00:14:24,200
learned from all these years in the sector that often

269
00:14:24,799 --> 00:14:26,840
you don't learn and you should learn it.

270
00:14:27,200 --> 00:14:29,519
Speaker 1: Ah. The piece of advice I give to people is

271
00:14:30,679 --> 00:14:34,919
be patient and be ready for a roller coaster ride,

272
00:14:34,960 --> 00:14:37,960
because especially in the small caps, you know, these guys

273
00:14:37,960 --> 00:14:40,000
go up, they go down, up and down, et cetera.

274
00:14:40,120 --> 00:14:41,799
And you will wake up one morning look at your

275
00:14:41,799 --> 00:14:44,200
share price and you will be immensely frustrated and say,

276
00:14:44,440 --> 00:14:46,519
oh golly, why did I Why did I buy this

277
00:14:46,639 --> 00:14:48,759
crummey stock? This is terrible, you know. But if you

278
00:14:48,879 --> 00:14:51,480
just sort of you know, if you believe in the

279
00:14:51,559 --> 00:14:54,399
company with good assets, good management, or you know you're

280
00:14:54,440 --> 00:14:56,399
in the right sector at the right time. You know,

281
00:14:56,639 --> 00:15:01,320
wait it out when big market, when the big market

282
00:15:01,360 --> 00:15:03,679
has a bad day and all the you know, Nvidia

283
00:15:03,799 --> 00:15:06,799
drops or Apple drops or you know, Tesla drops, you know,

284
00:15:06,799 --> 00:15:10,039
and all that kind of market driving stuff happens. Sometimes

285
00:15:10,039 --> 00:15:12,080
the price of gold, price of silver that goes down

286
00:15:12,120 --> 00:15:14,720
to you know, why is that because the gold is

287
00:15:14,799 --> 00:15:18,080
less valuable? No, no, not at all. It's because people

288
00:15:18,120 --> 00:15:20,399
are selling their gold or selling their silver because they

289
00:15:20,480 --> 00:15:23,200
have to raise quick cash to pay their margin calls,

290
00:15:23,200 --> 00:15:25,000
you know. So, so don't don't worry about that. If

291
00:15:25,000 --> 00:15:27,960
the if gold, silver drop, if the physical metal price drops,

292
00:15:29,200 --> 00:15:31,039
that's just a point to get back in, you know.

293
00:15:31,440 --> 00:15:35,679
So look for down days in the market, buy judiciously,

294
00:15:36,240 --> 00:15:40,000
use limit orders, be careful about chasing momentum. You know.

295
00:15:40,200 --> 00:15:44,559
But but uh, but but I really believe this is

296
00:15:44,600 --> 00:15:47,279
the right time to start to start to get in there.

297
00:15:47,360 --> 00:15:49,120
And uh, you know, if you're new to it, you know,

298
00:15:49,159 --> 00:15:51,279
if you're there already, you know you're in the right place.

299
00:15:51,519 --> 00:15:53,279
But if you're getting if you're new to it, it's

300
00:15:53,480 --> 00:15:57,360
it's not it's not too late. And I truly believe

301
00:15:57,399 --> 00:16:00,519
that these are the kind of markets that will help

302
00:16:00,639 --> 00:16:02,759
you greatly. You'll look back in a couple of years,

303
00:16:03,200 --> 00:16:05,120
you know, when you and say, oh man, am I

304
00:16:05,120 --> 00:16:06,679
glad I got to be got in, you know, back

305
00:16:06,720 --> 00:16:09,320
in that when that first up kick you know, showed

306
00:16:09,320 --> 00:16:12,919
itself on the charts. You know, you'll you'll be happy,

307
00:16:12,960 --> 00:16:15,320
and your children will be happy when you know when

308
00:16:15,360 --> 00:16:17,080
they you know, and your wife will be happier, your

309
00:16:17,159 --> 00:16:19,639
husband will be happy. You know, it'll make a lot

310
00:16:19,639 --> 00:16:20,720
of happy people out there.

311
00:16:21,600 --> 00:16:25,320
Speaker 3: And I assume in Paradigm Press you cover these companies,

312
00:16:25,440 --> 00:16:26,799
right we have.

313
00:16:27,120 --> 00:16:30,039
Speaker 1: Yeah, yes we do. We we have you know, the

314
00:16:30,080 --> 00:16:32,559
paid newsletters, you know, the forty nine dollars a year guy,

315
00:16:32,600 --> 00:16:35,000
and the higher cost newsletters, et cetera.

316
00:16:34,840 --> 00:16:35,480
Speaker 3: Et cetera.

317
00:16:35,840 --> 00:16:37,679
Speaker 1: And then if you, if you, if you become a

318
00:16:37,720 --> 00:16:41,799
subscriber to Paradigm Press Group Paradigm Pressgroup dot com and

319
00:16:41,960 --> 00:16:44,279
just just buy the forty nine dollars a year newsletter,

320
00:16:44,600 --> 00:16:46,639
you'll get a whole lot of you know, we'll call

321
00:16:46,679 --> 00:16:48,480
them free, but you know it costs us to put

322
00:16:48,480 --> 00:16:50,879
them out, but they're free to They're just additional things

323
00:16:51,039 --> 00:16:54,200
you get the morning rude awakening where I mean just

324
00:16:54,639 --> 00:16:56,960
actually was yesterday. I mean, Sean Ring went over the

325
00:16:57,000 --> 00:16:59,799
whole slew of you know, silver companies that he's that

326
00:16:59,840 --> 00:17:02,159
he owned. He gave you, he gave you his personal

327
00:17:02,159 --> 00:17:04,559
list of what he owns, you know. So I mean

328
00:17:04,599 --> 00:17:06,079
he's got his own skin in the game. This is

329
00:17:06,119 --> 00:17:09,839
his son's college fund right there, you know. Uh, And

330
00:17:09,920 --> 00:17:12,920
you know the five minutes summary in the afternoon, you know,

331
00:17:12,960 --> 00:17:14,799
the daily reckoning at the end of the day. So

332
00:17:14,839 --> 00:17:16,480
you get a lot of good things for just just

333
00:17:16,559 --> 00:17:20,359
a you know, a forty nine dollars newsletter Paradigm pressgroup

334
00:17:20,400 --> 00:17:22,920
dot com. And then you know, there are other things

335
00:17:22,960 --> 00:17:25,400
I write about all sorts of stuff. I write about energy,

336
00:17:25,480 --> 00:17:28,240
and I write about minds in minerals, gold, silver, you know,

337
00:17:28,240 --> 00:17:30,720
I write about history, and you know I cover I

338
00:17:30,720 --> 00:17:33,680
cover the defense, the defense sector too, just because I'm

339
00:17:33,720 --> 00:17:36,279
an old Navy guy and I like talking about ships

340
00:17:36,279 --> 00:17:36,839
on airplanes.

341
00:17:37,240 --> 00:17:40,519
Speaker 3: I forgot that you did, and that seems like a

342
00:17:40,559 --> 00:17:45,160
really good sector now. Also, I mean we're not getting into,

343
00:17:46,400 --> 00:17:52,079
you know, all the vagaries of the geopolitical situation, but

344
00:17:52,359 --> 00:17:57,119
clearly it's it's big now, Oh.

345
00:17:57,000 --> 00:18:00,720
Speaker 1: The aerospace and the defense ETFs. Just the YFS alone

346
00:18:00,759 --> 00:18:03,640
have just gone gangbusters, you know, with all the defense

347
00:18:03,680 --> 00:18:08,000
spending on you know, I mean, submarine ships, airplanes, electronic equipment,

348
00:18:08,480 --> 00:18:11,400
you know, space satellites, I mean, you name it. And

349
00:18:11,400 --> 00:18:13,920
then the war in Ukraine has taught all sorts of

350
00:18:14,240 --> 00:18:17,200
you know, unfortunate and very scary lessons to the West

351
00:18:17,279 --> 00:18:20,160
about you know, sort of like the new face of war.

352
00:18:21,160 --> 00:18:24,599
You know, the issues in the Huthis and the Red Sea,

353
00:18:25,000 --> 00:18:28,119
you know, with aircraft carriers dodging missiles and big huge

354
00:18:28,160 --> 00:18:30,720
article in the Wall Street Journal on that today have

355
00:18:30,759 --> 00:18:33,559
quite a good read. Or even something like the India

356
00:18:33,559 --> 00:18:36,039
Pakistan mini war just a couple of weeks ago, where

357
00:18:36,039 --> 00:18:40,400
they were shooting each other's airplanes down. We saw performance

358
00:18:40,440 --> 00:18:44,440
from Chinese weapons that was extremely surprising, and I was like, whoa,

359
00:18:44,480 --> 00:18:47,640
you know, nobody expected the Chinese weapons to be as

360
00:18:47,640 --> 00:18:50,839
good as they were, except maybe the Chinese. And the

361
00:18:50,920 --> 00:18:53,240
Chinese are smiling from ear to ear right now about

362
00:18:53,240 --> 00:18:54,680
you know, hey, look look at look at what our

363
00:18:54,720 --> 00:18:56,960
jets did. Look at what our missiles did. The Indians

364
00:18:57,000 --> 00:18:59,200
are like, well, no, you didn't do that. Well, you know,

365
00:18:59,480 --> 00:19:01,720
I mean, nobody's gonna argue about over who did what,

366
00:19:01,759 --> 00:19:03,799
and a lot of things are just classified. They're not

367
00:19:03,839 --> 00:19:06,759
talking about it. But we we live in a world

368
00:19:06,839 --> 00:19:09,359
where the defense sector, in addition to gold and silver,

369
00:19:09,960 --> 00:19:12,119
I know, we started talk about Golden Star. You know,

370
00:19:12,160 --> 00:19:15,960
the defense sector is also hot in many ways. But

371
00:19:15,960 --> 00:19:18,079
that's a whole other discussion.

372
00:19:18,160 --> 00:19:19,759
Speaker 3: Yeah, they don't want to get off the topic. But

373
00:19:19,880 --> 00:19:23,720
I'm always looking at the sector and wondering about it,

374
00:19:23,759 --> 00:19:30,400
and it seems like boom times for it now. I mean,

375
00:19:31,279 --> 00:19:36,759
you look at the biggest beneficiaries of the Ukraine War,

376
00:19:37,559 --> 00:19:42,480
the Ukraine Russia War. Clearly it's the military industrial complex, right.

377
00:19:43,039 --> 00:19:49,400
Speaker 1: Yes, I mean Russia has completely militarized its economy in

378
00:19:49,519 --> 00:19:52,440
so many ways. And then you know, the US and

379
00:19:52,839 --> 00:19:56,519
Europe i mean emptied the warehouses to you know, feed

380
00:19:56,559 --> 00:19:59,519
into the into the Ukraine side. A lot of equipment

381
00:19:59,519 --> 00:20:02,240
from the a and nineties and early two thousands just

382
00:20:02,240 --> 00:20:03,839
got put on the planes and the ships and the

383
00:20:03,880 --> 00:20:05,920
trucks and you know, sent to the front lines where

384
00:20:05,920 --> 00:20:09,359
it all got blown up. You know. And uh, right

385
00:20:09,400 --> 00:20:12,079
now it's the great the great replacement is going on.

386
00:20:12,200 --> 00:20:14,880
You know, we're buying new stuff, you know, new, you know,

387
00:20:15,000 --> 00:20:17,400
new and better. You know, new and improved all that. Uh,

388
00:20:17,480 --> 00:20:19,359
don't want to get too cynical about it, but uh

389
00:20:20,079 --> 00:20:23,079
uh that's part of why, you know, why the defense

390
00:20:23,079 --> 00:20:26,680
guys are doing really well. You know, you know, jet engines, airplanes, missiles,

391
00:20:26,920 --> 00:20:30,599
you know, or other ordnance. Uh, you know, ships and shipbuilding.

392
00:20:30,640 --> 00:20:34,359
I mean, American shipbuilding is in the absolute you know,

393
00:20:34,640 --> 00:20:38,400
dol drums. It's just it just we've we've de industrialized

394
00:20:38,400 --> 00:20:41,759
the shipbuilding sector. And you know, long cam's President Trump

395
00:20:41,720 --> 00:20:44,240
and he's ship building, ship building, shipbuilding. Well, you know,

396
00:20:44,480 --> 00:20:46,599
make all the fun you want about it, but you know,

397
00:20:46,759 --> 00:20:50,079
the country needs the United States needs a shipbuilding sector,

398
00:20:50,119 --> 00:20:52,799
and we need to revitalize it. And again there's there's

399
00:20:52,839 --> 00:20:55,480
great money to be made investment wise there too. I

400
00:20:55,599 --> 00:20:57,680
actually wrote about that, you know, in the last couple

401
00:20:57,720 --> 00:20:59,559
of months. I've had a couple of articles about you know,

402
00:20:59,680 --> 00:21:02,880
ship building and the defense sector things like that. Again,

403
00:21:02,920 --> 00:21:05,680
I know we're getting off the topic of Golden Solo,

404
00:21:07,000 --> 00:21:10,640
but it all sort of fits together. The world is

405
00:21:10,680 --> 00:21:13,440
the world is a dangerous place and people are running

406
00:21:13,480 --> 00:21:15,920
to security and what you know, what could be more

407
00:21:15,920 --> 00:21:18,799
secure than, you know, than owning gold like this nice

408
00:21:18,799 --> 00:21:22,720
little gold you know, Indian head from the US Mint

409
00:21:22,799 --> 00:21:23,839
or what have you? You know?

410
00:21:24,000 --> 00:21:27,680
Speaker 3: All right, well, hey, it's great catching up with you, Byron.

411
00:21:28,359 --> 00:21:31,079
We'll have a link in the show notes this interview

412
00:21:31,160 --> 00:21:34,839
on Financial Survival Network dot com. We've also got a

413
00:21:34,880 --> 00:21:37,519
substack now, so we just ask you to go there

414
00:21:37,640 --> 00:21:41,359
instead of our regular newsletter, which still goes out like

415
00:21:42,079 --> 00:21:44,440
I'm an ere in it now, over seventy five thousand

416
00:21:44,480 --> 00:21:48,240
people get the weekly free newsletter. Sometimes it's a little more,

417
00:21:48,880 --> 00:21:51,400
sometimes it's a little less, but a lot of people

418
00:21:51,839 --> 00:21:55,599
and got a question for Byron myself. Just shoot me

419
00:21:55,599 --> 00:22:00,799
an email kl Atkerrie LUTs dot com. Talk to you soon, right, Thanks.

420
00:22:00,640 --> 00:22:02,799
Speaker 1: Thanks, carry, thanks you, good luck to everybody out there

421
00:22:02,799 --> 00:22:03,480
with your investing.

422
00:22:03,640 --> 00:22:07,920
Speaker 2: Well, thanks for listening to Carrie Letz's Financial Survival Network,

423
00:22:08,079 --> 00:22:12,000
your solution to today's trying times. For the latest, go

424
00:22:12,079 --> 00:22:18,000
to Financial Survivalnetwork dot com. Financial Survival Network now more

425
00:22:18,079 --> 00:22:18,559
than ever,