Speaker 1: You know, like we mentioned earlier, it's thirty five dollars
more or less, you know, per ounce this morning as
we speak. You know, could it fall a yeah, of
course anything can go down, you know, But is there
more upside than there's downside risk to it? I think
there is more upside value than there is downside risk.
And so you know, if you've already been stacking, good
for you, don't be afraid to stack some more.
Speaker 2: You're listening to Carrie Let's's Financial Survival Network, where you
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Speaker 3: And welcome you are listening to and watching the Financial
Survival Network. I'm your host, Carrie lets.
Speaker 1: Well.
Speaker 3: It's June fifth, twenty twenty five. Silver has finally broken
thirty five dollars an ounce again. And the question is
it on its way to all time records or to
all time disappointments like we've seen so many times in
the past and with us now is Byron King you
know him well, season geologist, financial analyst, many decades of experience,
and you've seen him on the major news networks all
of that. So, Byron, it's great to have you on
the show. Silver's surge it's the highest and over a decade.
What factors do you believe are driving the surge and
how long can this go on for?
Speaker 1: Well, if you've been stacking silver for a while, you're
a very happy person these days. If you have been
buying shares in silver mining companies or companies that have
a silver stream coming out of what they did dig
out of the ground, you too are also a very
happy person. I mean, things are just roaring in the
silver space as you as you elluded in your intro.
Thank you, carry it's great to be with you. What's
driving it is? It's the tailwind of the upswing in gold.
Of course, you know gold hit thirty five hundred bucks earlier.
It's it's well over thirty three hundred right now. That
seems to be a very solid, uh you know floor
for gold, and everybody's been saying, wow, you know when
silver going to catch up? When silver going to catch up? Well,
I guess we're finding out, you know, when silver is
going to catch up. Is it just a monetary thing? No,
not really. Silver you know, used to be monetary in
the sense that we had silver quarters and silver dimes
and silver dollars and things like that. Not anymore. But
you know it has been overshadowed in recent decades just
by you know, as an industrial metal. You know, Well,
the thing is that as industrial metals go, you know,
we live in a world with more and more electronics,
more and more, say renewables, and you can't do solar
panels without silver. In When I say electronics, I mean
I'm talking everything from the screen that you know that
the viewers are watching us on, to you know, to
your microwave oven, to your refrigerator, to you know, to
what's what's in your car. There is silver in the
electronics there uh and then uh uh, you know, an
entire explosion, if you'll excuse the pun. In global defense spending,
quite a bit of a military hardware, including stuff that
goes boom and explodes, has a lot of silver in it.
I mean, I don't get into the details, but there's
a lot of silver insights. Say a cruise missile, you know.
Speaker 3: Five ounces of silver over five hundred ounces, which means
fifteen thousand and seventeen five hundred dollars or more. Silver
that blows up every time, every.
Speaker 1: Time, So you can mind the explosion site or something.
But uh, you know, not to make not to make
a joke out of it, but the but yeah, and
then and then other countries in the world are are
stockpiling like crazy. The Chinese are buying, the Indians are buying.
Russia has begun to accumulate silver silver as part of
its own state reserve system, and so there is there
is very very solid demand. It's not just people going
to the coin shop and buying old silver dollars or something.
It's it's uh, we're talking government, state level demand, central
bank level demand, which is what drove gold as well.
But now we're starting to see it in silver and
then big, big, big industrial stockpile demand as well as
you know, you're starting to see just really big money,
you know, big institutional money, you know hedge funds and
private equity and you know, family offices and to big
money bags moving into the metal sector in general, but
gold and silver in particular. And these aren't just trading
in and out there. These are positioning as in they
expect something long term, and so you know, you know,
we live in an inflationary world. We live in a
world of debt. We live in a world where the
future of you know, the dollar, the euro is problematic.
I mean, Japan can't sell its government bonds. The Euro
is you know, just you know, it's always it's just
you know, it's it's the European currency. But it's you know,
it's got huge problems just in terms of you know,
what's there to support the euro in the European economy.
I mean, they're short of energy, shorter materials, you know,
got all sorts of cultural and social problems, and a
big war raging on the eastern side of the continent.
So I mean there's lots and lots and lots of
reasons why silver is moving. And you know, as far
as investors are concerned, is moving, you know, be there,
you know, I don't care why.
Speaker 3: Yeah, I mean, it's nice to have justifications, but they
don't really matter in the end. Just they go up,
they go down, whatever. So look at ahead to the
future here and really gold, you know, it's had an
amazing run. I remember just a few short years ago
it was trading, you know, one thousand dollars eleven hundred
dollars an ounce. Forever it almost seemed, and now finally
it made its move. And silver is always the laggered generally,
but then towards the later part of the cycle it
becomes the driver. Is that what we're going to see here?
Speaker 1: I think we are. I mean, it's you know, like
we mentioned earlier, it's thirty five dollars more or less,
you know, per ounce this morning as we speak. You know,
could it fall like yeah, of course anything can go down,
you know, but is there more upside than there's downside
risk to it? I think there is more upside value
than there is downside risk. And so you know, if
you've already been stacking, good for you. Don't be afraid
to stack some more. If you if you've bought some
silver shares and you're wondering should I buy more? Yes,
buy some more. If you haven't bought any silver shares,
you know you're a little bit late to the game,
But that's okay about it. Don't don't beat yourself up,
but don't don't sit don't sit around too long, you know,
go out there and you know, get some you know,
get get some silver shares, because there is there is
a move going on. Uh some of the you know,
go to the charts and look at some of the
silver charts for these different companies in the last same month,
and they've had extremely solid uh uh moves upwards the charts.
You're beautiful. Uh And and that's and where we're at
the beginning of this. I mean, like I said earlier,
the big money is just moving in to get positioned.
You know, if you're watching this show, you know you
are special. You know, you are not everybody else out
there in marketland. You know you if you're watching this
show and you're interested in you know, metals, gold, silver,
you know, the hard assets kind of thing, you know,
you're you're in a very very small niche of investors,
and so you're we're you know, we're giving you a
general sense of information and a general sense of confidence
that that isn't out there. You know, you don't read
articles about silver and the Wall Street Journal or the
New York Times Business section, you know, oh true.
Speaker 3: Yeah, I don't remember the last time. I think when
they accidentally reported something happens, probably there's an incident and
a mine. That's when you hear from them. Otherwise it's
the redheaded stepchild of the investment world and the commodities
world too, for that matter. And it's such a small market.
If the buying that you're referring to actually materializes, the
sky's the limit here.
Speaker 1: Yes, And and the thing is, it's not just you know,
the silver mining company. You know, sure you can go
out there and find lots of There are more than
a few very solid companies that are focused on silver,
you know, you know, names that are not hard to
come up with. But a lot of other companies, you know,
mine silver is part of everything else. I mean, you
know big companies, you know BHP and Rio Tinto and
you know Freeport Macmarin. They mind copper, you know, but
but with the copper they get silver, they get gold.
There are quite a few other you know, gold companies
that produce a heckro a lot of silver uh as
just a byproduct uh copper, you know, I mentioned copper,
but you know so uh so it ranges all the
way from big mining where the silver might be a
small component, but it's going to be very sweet. It's
going to juice to it's going to juice their earnings
you know, back into sort of the precious metal mining companies.
I mean it's hard to mind gold without getting some
silver out of it. And and then you get into
the dedicated you know, silver companies. You know that that
companies that have the word silver in their name.
Speaker 3: You know, yeah, rightly or wrongly, but you know there's
uh yeah, it's it's really interesting. There's so few silver
pure plays around right right now.
Speaker 1: I would I well, just in terms of like where
I'm coming from, what I look at and what I
write about, I mean I look at you know, the
small sort of exploration and early development, mid stage development companies.
I spend a lot of time focused on those. I mean,
you know, the big guys, you know, the bigger silver guys,
you know, I mean you know the you know, core
mining or Heckla. You know's a couple of names out
there just you know very you know, they're well known
silver producing companies, you know absolutely, you know, First Majestic, Sure, yeah,
you know, I mean, big, big silver names. But there's
a whole slew of others that we do that we
look at, you know, kind of because I expect there's
going to be M and A there's gonna be acquisitions.
There's gonna be a lot of horse trading in there
where you know, you know, a development a development company
will sell off, you know, a silver project to a
bigger guy and you know, take shares, take cash whatever. Uh. Yes,
so it's it's all good. And people who actually mine
and produce silver, I mean when you when you're selling
it for thirty five dollars announce, it's a lot better
for your bottom line than twenty five dollars announce, you know.
Speaker 3: Yeah, because yeah, the price went up, but presumably your
costs are been pretty fixed, which happens once you have
a producing mine.
Speaker 1: Right Well, yes, I mean, I mean there you know,
labor is going up, Yes, costs of concrete, cost of steel,
I kind of thing. But one of the big components
of mining expense right now is energy, you know, I mean,
mining is a big user of say diesel fuel, for example.
And look at the price of oil. It's been low
and you know, kind of in the doldrums lately. So
so that that that check that you write to Shove
Run or to Shell oil company or you know, whoever's
supplying your diesel fuel. You know, it's it's a it's
not as big of a check as as as you know,
as it used to be or as it could be. Uh,
and that saves an awful lot of money. And uh
uh you know in in the mining industry, uh you know,
you know, if you start to see the price of oil,
you know, going up or for some reason, I mean,
it depends where you are when the price of electricity
starts to skyrock. Okay, well that that could be a
problem in terms of just operating costs. But but right now,
the mining guys are in a very sweet spot. You know,
They're the big problem for the explorers and the developers
is getting drill rigs out there so that they can
you know, drill all the holes and pull all the
course out and and and you know, show them on
the show them on the on their website, say, oh,
look at that lit the wonderful rocks we found.
Speaker 3: Look at the great mineralization. Yeah, yeah, so true. And
that's the funny thing. You know, before they're worried about
how they're going to pay their bills, and their operating
margins are so slim and narrow, and now they've had
this huge opposite of compression expansion of margins, and that
takes a lot of pressure off and that's also great
for the stocks.
Speaker 1: Yeah. Yeah, So again to the subscribers and the viewers
out there, people who follow you carry and uh you know,
for those who read Paradigm Press, which is where I
write with Jim Records and you know, Paradigm Press, Paradigm
Pressgroup dot com. Plug there if you don't mind, uh
we yeah, this is you know, this is this is
some of what we talk about. And uh uh And
in another way, I want just say, I'm going to
get this point in for people out there who are
maybe new to this or maybe just kind of getting
into it, like you know, what am I getting into here.
It's not so much that you have to pick the
right stock or the right company. I mean, it's always
good to pick the right stock that goes up twenty
x or thirty x or something like that. You definitely
want to be in the right sector, you know, I mean,
you want to be where the where the tide is rising,
so to speak, you know, and right now in just
in hard assets in general, in you know, you know,
exotic metals in more general, but it certainly in silver
and gold, platinum. You know, the tide is rising out there.
And it's it's being driven by global events, massive monetary events,
geopolitical events, or everything else. Way beyond our pay grade,
way beyond our ability to turn the rudder one way
or the other. But you know, you want to be
in the right sector, in the right place, at the
right time. And this is part of it, you know,
the precious metals, and we're seeing it reflected in their price.
Speaker 3: Yeah exactly. And you know, like I say, nothing surprising here.
So one piece of advice, because you've been through more
booms and busts than I have, painfully start to believe,
h one, Just one piece of advice that you have
learned from all these years in the sector that often
you don't learn and you should learn it.
Speaker 1: Ah. The piece of advice I give to people is
be patient and be ready for a roller coaster ride,
because especially in the small caps, you know, these guys
go up, they go down, up and down, et cetera.
And you will wake up one morning look at your
share price and you will be immensely frustrated and say,
oh golly, why did I Why did I buy this
crummey stock? This is terrible, you know. But if you
just sort of you know, if you believe in the
company with good assets, good management, or you know you're
in the right sector at the right time. You know,
wait it out when big market, when the big market
has a bad day and all the you know, Nvidia
drops or Apple drops or you know, Tesla drops, you know,
and all that kind of market driving stuff happens. Sometimes
the price of gold, price of silver that goes down
to you know, why is that because the gold is
less valuable? No, no, not at all. It's because people
are selling their gold or selling their silver because they
have to raise quick cash to pay their margin calls,
you know. So, so don't don't worry about that. If
the if gold, silver drop, if the physical metal price drops,
that's just a point to get back in, you know.
So look for down days in the market, buy judiciously,
use limit orders, be careful about chasing momentum. You know.
But but uh, but but I really believe this is
the right time to start to start to get in there.
And uh, you know, if you're new to it, you know,
if you're there already, you know you're in the right place.
But if you're getting if you're new to it, it's
it's not it's not too late. And I truly believe
that these are the kind of markets that will help
you greatly. You'll look back in a couple of years,
you know, when you and say, oh man, am I
glad I got to be got in, you know, back
in that when that first up kick you know, showed
itself on the charts. You know, you'll you'll be happy,
and your children will be happy when you know when
they you know, and your wife will be happier, your
husband will be happy. You know, it'll make a lot
of happy people out there.
Speaker 3: And I assume in Paradigm Press you cover these companies,
right we have.
Speaker 1: Yeah, yes we do. We we have you know, the
paid newsletters, you know, the forty nine dollars a year guy,
and the higher cost newsletters, et cetera.
Speaker 3: Et cetera.
Speaker 1: And then if you, if you, if you become a
subscriber to Paradigm Press Group Paradigm Pressgroup dot com and
just just buy the forty nine dollars a year newsletter,
you'll get a whole lot of you know, we'll call
them free, but you know it costs us to put
them out, but they're free to They're just additional things
you get the morning rude awakening where I mean just
actually was yesterday. I mean, Sean Ring went over the
whole slew of you know, silver companies that he's that
he owned. He gave you, he gave you his personal
list of what he owns, you know. So I mean
he's got his own skin in the game. This is
his son's college fund right there, you know. Uh, And
you know the five minutes summary in the afternoon, you know,
the daily reckoning at the end of the day. So
you get a lot of good things for just just
a you know, a forty nine dollars newsletter Paradigm pressgroup
dot com. And then you know, there are other things
I write about all sorts of stuff. I write about energy,
and I write about minds in minerals, gold, silver, you know,
I write about history, and you know I cover I
cover the defense, the defense sector too, just because I'm
an old Navy guy and I like talking about ships
on airplanes.
Speaker 3: I forgot that you did, and that seems like a
really good sector now. Also, I mean we're not getting into,
you know, all the vagaries of the geopolitical situation, but
clearly it's it's big now, Oh.
Speaker 1: The aerospace and the defense ETFs. Just the YFS alone
have just gone gangbusters, you know, with all the defense
spending on you know, I mean, submarine ships, airplanes, electronic equipment,
you know, space satellites, I mean, you name it. And
then the war in Ukraine has taught all sorts of
you know, unfortunate and very scary lessons to the West
about you know, sort of like the new face of war.
You know, the issues in the Huthis and the Red Sea,
you know, with aircraft carriers dodging missiles and big huge
article in the Wall Street Journal on that today have
quite a good read. Or even something like the India
Pakistan mini war just a couple of weeks ago, where
they were shooting each other's airplanes down. We saw performance
from Chinese weapons that was extremely surprising, and I was like, whoa,
you know, nobody expected the Chinese weapons to be as
good as they were, except maybe the Chinese. And the
Chinese are smiling from ear to ear right now about
you know, hey, look look at look at what our
jets did. Look at what our missiles did. The Indians
are like, well, no, you didn't do that. Well, you know,
I mean, nobody's gonna argue about over who did what,
and a lot of things are just classified. They're not
talking about it. But we we live in a world
where the defense sector, in addition to gold and silver,
I know, we started talk about Golden Star. You know,
the defense sector is also hot in many ways. But
that's a whole other discussion.
Speaker 3: Yeah, they don't want to get off the topic. But
I'm always looking at the sector and wondering about it,
and it seems like boom times for it now. I mean,
you look at the biggest beneficiaries of the Ukraine War,
the Ukraine Russia War. Clearly it's the military industrial complex, right.
Speaker 1: Yes, I mean Russia has completely militarized its economy in
so many ways. And then you know, the US and
Europe i mean emptied the warehouses to you know, feed
into the into the Ukraine side. A lot of equipment
from the a and nineties and early two thousands just
got put on the planes and the ships and the
trucks and you know, sent to the front lines where
it all got blown up. You know. And uh, right
now it's the great the great replacement is going on.
You know, we're buying new stuff, you know, new, you know,
new and better. You know, new and improved all that. Uh,
don't want to get too cynical about it, but uh
uh that's part of why, you know, why the defense
guys are doing really well. You know, you know, jet engines, airplanes, missiles,
you know, or other ordnance. Uh, you know, ships and shipbuilding.
I mean, American shipbuilding is in the absolute you know,
dol drums. It's just it just we've we've de industrialized
the shipbuilding sector. And you know, long cam's President Trump
and he's ship building, ship building, shipbuilding. Well, you know,
make all the fun you want about it, but you know,
the country needs the United States needs a shipbuilding sector,
and we need to revitalize it. And again there's there's
great money to be made investment wise there too. I
actually wrote about that, you know, in the last couple
of months. I've had a couple of articles about you know,
ship building and the defense sector things like that. Again,
I know we're getting off the topic of Golden Solo,
but it all sort of fits together. The world is
the world is a dangerous place and people are running
to security and what you know, what could be more
secure than, you know, than owning gold like this nice
little gold you know, Indian head from the US Mint
or what have you? You know?
Speaker 3: All right, well, hey, it's great catching up with you, Byron.
We'll have a link in the show notes this interview
on Financial Survival Network dot com. We've also got a
substack now, so we just ask you to go there
instead of our regular newsletter, which still goes out like
I'm an ere in it now, over seventy five thousand
people get the weekly free newsletter. Sometimes it's a little more,
sometimes it's a little less, but a lot of people
and got a question for Byron myself. Just shoot me
an email kl Atkerrie LUTs dot com. Talk to you soon, right, Thanks.
Speaker 1: Thanks, carry, thanks you, good luck to everybody out there
with your investing.
Speaker 2: Well, 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,