Speaker 1: Unless you're doing eight billion dollars a year in distribution
from their nation. They're not giving you a license to
be able to export silver. Silver has become that important,
especially as you know in the twenty first century here,
it takes a tremendous amount of silver to create specifically
solar panels. That's the number one use of silver. And
China's trying to electrify their nation. I think everyone's trying
to electrify. We've got again these data centers AI, they
are not slowing down.
Speaker 2: You are listening to Carrie Let's's Financial Survival Network, where
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Speaker 3: And welcome you are listening to and watching the Financial
Survival Network. I'm your host, Carrie Lutz. David Strzuski is
with us and now one of my favorite guests. And David,
it's great to have you back on. First thing, we've
got to be with a Gary. First thing, we got
to talk about gold and silver. I know you're a
big metal guy like I am, and you got substantial
holdings in someplace in the world. One hundred and fifteen
dollars silver be just the beginning, isn't it.
Speaker 1: I mean, Carrie, what we're seeing right now is structural.
This is not a like simple little thing that's going
to get pumped up and it's going to be falling down.
What we're looking at right now is a massive change
and actually a revaluation of physical metals. You know, very specifically,
silver has a very important commercial use in the twenty
first century. So if we're going to be creating AI,
we're going to be having solar panels, we're going to
be connecting chips and side out of our cell phones,
we've got to have silver in order to be able
to connect those chips and so. Unlike gold, which ends
up in a vault, silver is consumed sixty percent of
it is consumed and like maybe forty percent vaulted. In fact,
it's kind of interesting, you know, we've got this gold
standard that we've historically looked at maybe that was ten
to one, twelve to one, fifteen to one, based upon
how much we could find of silver to gold at
various times historically. Well in twenty twenty five, I just
ran the numbers. Seven and a half to one is
actually the real ratio with modern technology that we have
here today. And yet we look at that price one
hundred and fifteen to fifty three hundred and gold we're
looking at about forty six to one still and so
this is not even close to actual the real pricing
of what's going on. If that's seven and a half
to one, silver is used in solar and lockeed missiles
and everything else, is it actually even more rare than
seven and a half to one, I would argue absolutely.
Speaker 4: Yeah, oh, no question, Yeah, for sure.
Speaker 1: Percent Over the last twelve months. I mean, that's been
really good for my family. But I believe this is
just beginning, and you know, and the world is just
waking up to it. In fact, sixty forty doesn't even
have an allocation to it, and I think that that's
about to change in a very very very significant way.
Speaker 4: You know. It's amazing, David. I love silver too.
Speaker 3: I've been I've been stacking for better part of twenty years,
and you know, for an individual, I got a nice
little horde of it, and it's stashed around the world.
Speaker 4: But a silver dollar was one dollar is now like
close to ninety dollars, you know that.
Speaker 1: Yeah, here's a here's a is that a round US
one dollar ounce? And it's and so a one ounce
coin US silver eagle is worth one dollar as a currency,
but it's only worth or but it's worth one hundred
and fifteen outside of this plus a premium just because
we got a mint. It it's not just this paper
price thing. But I got Canadian here, I got Britannica's
here too, and so you know, I'm a big believer
in what we've got going on. But that shows you
the inflation. What was a dollar? A dollar was equivalent
to a one ounce of silver in the past, but
not today. One hundred and fifteen to one tells you
what we've actually done to our currency with printing.
Speaker 4: Yeah, yeah, this is so true.
Speaker 3: And you know, basically a bag of a junk silver
a dollar's worth is worth the over eighty dollars now,
I mean, that's what our money has turned into. It's
it's quite amazing. I suggest anybody wants to find out
more about it, go to coinflation dot com. It will
give you the value of every coin minted in the
US and Canada other places over the past one hundred
plus years.
Speaker 4: And it's an eye opener.
Speaker 3: And actually I'm doing a silver report because you know,
the media, like you can always count on them to
miss the story. What's happening now with Canada and particularly
Western Canada is a whole strategic realignment. The US wants
what I call the Northwest Resource Corridor, and it goes
from the like Montana and the Dakota's, the Northern Great
Plains up to Alaska, and that is an area rich
in minerals, in gold, silver, oil, Alberta, all of it.
And so that's what's being set up here. You know,
the whole thing of Trump being an imperialist or whatever
he's what he's doing is securing the hemisphere, Frank, whatever
is going to come next, which you know something's coming,
but the media, like globalist media, can't can't get their
heads out of their butts long enough to actually see
what's happening here.
Speaker 1: No, and just to be honest, you know, North America
also includes Mexico, and Mexico has a tremendous silver deposits
in it, and so again this is a very important idea,
including Venezuela by the way, I mean, not only do
they have old oil, but they have gold and silver. Yeah,
and they were very strategic flow for the black and
gray market that was going into China of the metals,
and so by you know, that action in Venezuela, we
actually slowed that down significantly because they weren't marking to
the market, they weren't declaring that these assets were being produced,
and so there was a lot of imports that were
going in or exports rather from Venezuela to different places.
And so you know, even even China and what they're
doing right as of January first, unless you're doing eight
billion dollars a year in distribution from their nation, they're
not giving you a license to be able to export silver.
Silver has become that important, especially as you know in
the twenty first century here, it takes a tremendous amount
of silver to create specifically solar panels. That's the number
one use of silver. And China's trying to electrify their nation.
I think everyone's trying to electrify. We've got again these
data centers AI. They are not slowing down. You and
I were talking, you know, a little bit before we
just started recording here and we were talking about, well, hey,
you know, if there's a multi billion dollar data center
that's going in and silver goes up in price by
fifty percent, you know, what's the real impact to this thing?
You know, fifty million, one hundred million. I mean that's
a significant number. But does that mean that they're going
to stop the project? Not a chance. This is this
is just a cost of doing business. And the reality
is is that you know, the paper market, which is crazy.
We could talk about that. You know, people that buy
just like SLV and they're holding you know, what they
believe is just the price ratio on silver. Welly, and
I don't want to hold it physically. I want to
just you know, hold it on as a stock. Okay, Well,
that's an idea. You should be aware though, that there
are at least two hundred and fifty claims on that
one ounce of silver that's held there physically, to as
many as four hundred and eight claims against that one
ounce of silver, depending on what we're talking about and
the numbers that are actually true. And so the point
is is that not everyone's going to be able to
get that metal and there's a significant lack in it.
So they're able to pump the market based upon these
future contracts. And now what's what's incredible is if you
look at the futures contracts, we've got anywhere from forty
to sixty million ounces of silver coming out of the
commeas facilities every single month. And so people aren't trying
to buy this on margin. These these these these nations
aren't buying on margin. The video is not buying on margin.
They're buying They're buying for the actual delivery. And so
this is a trend that is not good for the
financial markets in certain regards because we're about to see
these prices go parabolic and one fifteen is just a start.
I mean, Jim Rickards is right. Gold is going to
go to twenty four thousand, and by the way, what
silver's price at that point, And really that comes down
to the gold of silver ratio is a ten to
one that they that they valued at I'd be twenty
four hundred dollars for silver. So I'm a massive believer
in this move. It's just math and it's just a
matter of time.
Speaker 3: I couldn't agree with you more and not just because
I'm happy because it's going up. I'm happy that it's
going up, but not necessarily for the reasons. But what's
going to happen to happen here is that the government
is going to say, we don't care what price we
have to have it, and then you'll never you won't
be looking at or grades. Like one company that I
work with, they hit a massive vein up in Canada
and they got like five hundred grams per ton of
silver and it went up to even like fifteen hundred
in certain spots. So that is economically feasible. But we're
going to get to the point here, David, where economic
feasibility isn't going to matter. How much can they produce
as a result of it. I'm skeptical, but certainly they
can increase it in the margin.
Speaker 4: You know, they might only be able to.
Speaker 3: Increase it ten fifteen percent more. You know, everything is
changing here, the financial system's changing, and you know at
some point they'll be running campaigns that it's your your duty,
your patriotic duty to sell your metal to the government,
no thank you price, who knows, And that goal to
silver ratio is quickly going to become an irrelevance. See, yeah,
look how much silver has gone up. I made the
call if you were a subscriber to my sub stack.
I made the coal in early May when silver broke
thirty two fifty.
Speaker 4: This was it.
Speaker 3: Load the wagon, you know, bring the you know, by
as much as you possibly can, and don't look back.
Speaker 4: And it's more than tripled since then. Yeah.
Speaker 1: I was out in New York last January and basically
started the year out doing a bunch of shows all
over the place, and I think silver was about twenty
nine to fifty per ounce, and I was asked, Hey,
what's your annual prediction. What do you think it's going
to end at. I said, it'll be above seventy by
the end of the year. People like, what above seventy?
I'm like, absolutely, And so for all the reasons that
we just mentioned, but also just a dovetail off of
what you just shared. You know, you can't just go
and print more silver specifically, or gold or rare earth minerals.
We've got to find these things, we've got to mind
these things. And even in a drill baby drill economy
where you can cut some red tape, you know, it's
still probably six years on the low end, but probably
eight years to actually even get a new mine into production.
And so it takes tons and tons and tons of
rock to mine it in order to get these strategic minerals,
and ultimately, we don't have the ability to just you know,
pause the clock of needing you know what's going on
with you know, next quarters in Navidio chip deliveries. No,
we got to actually you know, have this stuff available
in order to be able to continue with the production
of our economy. And so we've not priced in the changes.
We've not priced in what it takes to actually mine
these companies. And so that's why, you know, people that
are just getting involved for the first time in physical metals,
I think that it's important that they would consider actually
investing in metal miners. You know, when you look at
the ratio of what they own under the ground. I
think in many of the cases of silver miners, I mean,
don't quote me specifically, but I think it's somewhere around
like one dollar per ounce in many of these silver
miners for the dollars that are underground, maybe it's twenty
dollars on a high end to produce an ounce of silver. Well,
here's the point. The input costs haven't gone up nearly
as much as the actual value of that which is underground.
So I call that a misvaluation. And so if you
want to understand what I'm doing personally, I personally have
nearly one hundred percent of my entire financial accounts and
in companies that I'm investing in actually in metal miners
right now because I believe so significantly in the undervalued
nature of that part of the industry. Why sixty forty
doesn't even have an allocation to it. Why because we're
not repricing these ounces that are in the ground nearly
to what the price of the above ground is. And
so if we continue to trend in the right direction here,
which is higher prices on silver and gold, I mean,
I'm calling that the right direction because that's his math,
and I'm saying that that's going to happen, then these
companies are going to be the most profitable companies in
the entire world. And so my opinion is they're going
to lead the next three years, five years, maybe even
ten years of the entire sectors of the market. We're
going to get back to manufacturing and having to secure
this stuff especially with China's constraint on these assets and
the fact that they have such a significant percentage of
the above ground assets and the refinery power.
Speaker 3: And a couple other things. So when you start looking
at things strategically, Trump's desire to basically restore order in Mexico. Yeah,
it isn't just about drugs coming over. I think a
lot of the drugs have been interdicted not happening. Mexico
largest producer of silver in the world, that's right. And
I've talked to minors in Mexico and you can't ask
them out right how much are you paying the cartels
to let you produce? But the cartels are getting their
cut and write any of these so they'll always say, well,
it's safe in our a are you here, or you know,
we have the army here or whatever. It's like, I'm
not buying it Mexico. That's why it has to be
stabilized because of resources as as Canada.
Speaker 1: You know, so just because you know, I mean, and
by the way, Mexico's should be a very close trade partner.
I mean, does this mean that at some point in
the future that there is like a fifty first state
of Canada and maybe Mexico gets adopted to I mean,
I could definitely theorize that this could happen and that
we have like a North American dollar because we're backing
it with the gold, we're backing it based on production.
GDP becomes united because we need to strategically align if
we more hemispherically become divided, if God forbid, a w
W three scenario shows up. But yeah, I've actually been
calling this that that Trump will go down to Mexico,
He'll start addressing the cartels, He'll start addressing this and
making this you know. And by the way, if we
deport somebody and we can actually give them a job
because we think that they're a good person, and we
can give them a job working in Mexico and mining
strategically at a specific place, and maybe there's some benefits
to doing that, I don't know. I think that we
really need to rethink some of those policies and ultimately
the strategy of how we are, you know, moving forward,
and some of the decisions that we're making here. But
there's no question that the world is paying attention now
to metals. For the first time. This was the thing
that everyone was ignoring and actually in the Western world
we've still been ignoring it. And I think that we're
about to wake up to it in a very significant way.
As I personally believe there's a lot of challenges today
in debt markets, which is the bond market, and I
very specifically mean the Japanese carry trade, as the Japanese
bond is like sitting at three sixty six here today.
That's very high, that's very expensive. That unwinds a lot
of stuff, that changes the economics for a lot of
deals that have been done around the world. And then
Europe's got a lot of financial trouble as well, and
as well as internal struggles, and they don't have you know,
the first or the second Amendment, and in the Constitution
to back up the people.
Speaker 4: I have any amendments.
Speaker 3: There are amendment free zone there, David, Yeah, that's right.
But just getting back to so the borders are a
real friction point first aide, and for Canada it's everything.
Plus the North American Resource Corridor makes it easier to
defend Alaska against Russia. Okay, sure, something nobody's looking at. Also,
and the Arctic is there's a power play going on
in the Arctic. It's partly due to Greenland. But you know,
forget about the media to tell you. So going to
the FED, now we're talking pre call, you'd think that
a rate cut is not on the table for this meeting.
Speaker 1: Doesn't seem like it. No, And I mean, let's just
be honest here. I mean, Jerome Powell, if he cuts
rates a bunch, it's going to be inflationary. If he
holds rates high, We've got a massive refinancing cycle that
needs to happen, both in you know, personal and residential mortgages,
but very specifically in the commercial side of things. So
if we just think back to twenty twenty, twenty twenty one,
twenty twenty two, we had record low interest rates and
so if you were a CFO, it would be a
crime for you to not have refinance a paper. You
got a ton of debt because it was at such
cheap rates. Well, here's the problem with the commercial cycle.
Many of those loans are set up on five year terms,
even though they pay like it's a thirty And so
guess what twenty twenty Well, in twenty twenty five, those
loans started coming doe. In twenty twenty one, well, that
starts in twenty twenty six, I believe it was. It's
between March twenty six and March of twenty seven, is
the largest refinancing cycle in the United States history. And
so what are the repercussions of this? When I know
a bunch of people that do mortgages or used to
do mortgages, but I know very few that do actual
commercial mortgages. Why it's hard to get any of these
deals done. It's a very specialized thing. It's actually business
valuation as opposed to just a property valuation, and you know,
looking at debt to equity and what you got for income.
And so I think that there could be a significant
crisis that comes as a result of this, while also
you know, taking a look at our own national debt
and treasuries, I mean, closing in on forty trillion in debt.
I mean, who wants a future ioe you on the
irs when we're not backed by goal at this point,
I think that you know that that is something that
we got to be paying attention to here, and it
could cost some hiccups. So harden up your balance sheet,
all right.
Speaker 3: So we're talking also pre call about crypto ethereum, bitcoin
and you're very much plugged in.
Speaker 4: Just tell us your take on where it's heating.
Speaker 1: Okay. I mean, so what we're seeing right now is
we've got a pro blockchain president for the first time.
So I mean, just think about where we were last
year in January as this guy was taking office for
the first time. This is like, now we actually have
a direction on where things are going. So I'm a
very significant investor in blockchain technology and very specifically I
care about real people and how this technology can benefit
them in the real world. And so you know, the
question is ultimately like how do we take this really
cool technology, how do we take this this more efficient
way of either transferring money or information, and how do
we apply it? And so I personally have you know,
a very significant holding in a company that is working
with grocery stores at reducing the price of groceries across
the board. And this is going to very significantly impact
you know, the average family. Why because if we can
drop grocery prices by twenty two to twenty five percent
for you and that's seventy percent of GDP, well guess what,
we got more money to be able to buy and
to do things. But the average consumers in big problems
right now. And so we've actually applied AI to that technology. Uh,
you're going to be able to have smart lists for
for how you shop at the grocery store. Hey, I
want the expensive items, a cheap list, a hybrid of them. Uh,
and then ultimately we can even provide delivery for those
groceries at the time that you're coming home. Because the
AI has the ability to help you to manage your
life in a more efficient way. And so real world
application is where you're going to see the value of
these these cryptocurrencies. And and I like to think of
them more as instead of currency, I like to think
of them as the algorithms the technology that that that
allow meaningful things to ultimately be done with you know,
less efficient systems. And so I've got a bank that
will be live here in about three months, and and
we do blockchain settlement, We we have custody, we do
cross border transfers. There's seventeen primary ways of doing cross
border transfers. Swift payments are just one of them. And
so you know, we've got an AI technology that helps
us to determine, you know, what's the lowest cost way
to do that transfer. And if we're open twenty four
to seven, three sixty five, you're going cross border. You know,
you don't have the cutoffs on the banks at five pm,
and it doesn't take multiple days to get this stuff
cross border. It's just silly that we're operating out in
banking times. And so for those that are out here
today thinking about the future, those are out here today
trying to dream about where the areas that we could
you know, really really change some things. I think that
you're going to see a lot of incredible adoption and
just far more efficient ways of transacting doing life, just
like AI now is integrated into our lives and is
you know, helping us to respond to emails and you know,
put some notes together and put some ideas together, help
us parent better whatever.
Speaker 3: Write books, hybooks, sure, I mean I wrote the books,
but the AI made it so much easier to do.
And you know, I'm writing a new book right now,
leasing something about a scandal that touches every one of
us personally many times per week. And yeah, I wrote
the book, but then I was proofing it and I
had about fifteen uncommon punctuation errors, tenses wrong and things
like that, and man like now, the thing is perfect,
the grammar is perfect in it, so can't stress it enough?
Well dated, How do we connect with you? How do
we find you on the web? Where's your website?
Speaker 1: Website for our financial advisory firm is my SPG dot com.
We are located here in the Greater Seattle area, but
we have we're SEC so we are nationwide. I will
have an international component to that with the bank, but
you know, people can find me on Instagram and Facebook
too and all the various ways. But you know, we
were I believe that it's really important right now that
that people are listening to voices that are going to
be in the truth, voices that are going to be
able to share the ideas that can actually make a
difference for them. And so that's that's our thesis, that's
who we are, that's what we're trying to accomplish, and
not just you know, towe some line because this is
the way things have been done. I think that we
need to wake up to the reality of where things
are here. And I'll be starting a podcast in the
next month that folks will be able to watch, you know,
on YouTube, et cetera as well.
Speaker 3: Right, excellent all right, Hey been great having you on.
Questions comments for David myself. Shoot me an email kl
at Carrie Lutz dot com. Make sure you sign up
on my substack so you get the first to notice
when the scandal breaks, which I'm hoping it's going to
be next Wednesday when I file my lawsuit and release
the book.
Speaker 4: David. Been a pleasure. We will talk to you again
real soon.
Speaker 1: Pleasure mind, Carrie Blessings, Talk to you soon.
Speaker 2: 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
Speaker 1: Now more than ever,