1 00:00:00,040 --> 00:00:02,359 Speaker 1: But silver sat there and sat there. Gold broke out 2 00:00:03,040 --> 00:00:06,080 almost two years ago, made new all time highs and 3 00:00:06,240 --> 00:00:09,240 is now doubled in price, where silver just only made 4 00:00:09,279 --> 00:00:12,759 new all time highs back in October. Yeah, so it's 5 00:00:12,800 --> 00:00:15,160 moving to catch up. The force that applied, you know, 6 00:00:15,279 --> 00:00:17,320 just sits there, doesn't go anywhere. Then all of a sudden, 7 00:00:17,280 --> 00:00:19,160 it starts to move up, and volume picks up, and 8 00:00:19,359 --> 00:00:24,079 these CTA trading funds, other traders and the like start 9 00:00:24,120 --> 00:00:27,399 to jump on, and it creates its own momentum that 10 00:00:27,559 --> 00:00:29,480 took it up to forty eight. That the old all 11 00:00:29,559 --> 00:00:32,920 time highs that blasted it through to fifty four. It 12 00:00:32,960 --> 00:00:35,280 then pulled back, held forty eight of support, and now 13 00:00:35,280 --> 00:00:38,840 it's blasted through again. Ultimately, I think Carrie, it does 14 00:00:38,840 --> 00:00:42,560 a gold you know where Golden took about eighteen months 15 00:00:42,600 --> 00:00:44,560 for it to double in price after it made new 16 00:00:44,600 --> 00:00:48,200 all time highs in March of twenty four. For your silver, 17 00:00:48,280 --> 00:00:50,399 it's not going to take eighteen months, but it's following 18 00:00:50,439 --> 00:00:51,119 that same path. 19 00:00:51,240 --> 00:00:55,079 Speaker 2: You were listening to Carrie Let's's financial Survival Network, where 20 00:00:55,079 --> 00:00:58,520 you get valuable information you just can't find anywhere else 21 00:00:59,079 --> 00:01:03,359 to thrive into trying times, you need the Financial Survival 22 00:01:03,359 --> 00:01:08,079 Network now more than ever. Go to Financial Survivalnetwork dot 23 00:01:08,120 --> 00:01:12,480 com and get your free newsletter and gift. Financial Survival 24 00:01:12,519 --> 00:01:14,840 Network now more. 25 00:01:14,680 --> 00:01:21,359 Speaker 3: Than ever, and welcome. You aren't listening to and watching 26 00:01:21,439 --> 00:01:25,920 the Financial Survival Network. I'm your host, Carrie lutz Man. 27 00:01:26,120 --> 00:01:31,760 I am floating on air silver sixty years of suppression. 28 00:01:31,840 --> 00:01:36,200 Craigkamke is with us Craig sixty years because I wrote 29 00:01:36,200 --> 00:01:40,560 an article recently about the demonetization of silver in nineteen 30 00:01:40,680 --> 00:01:46,120 sixty five. What LBJ did, the fact that the funniest 31 00:01:46,159 --> 00:01:49,079 thing about it, Craig, was that they created the Kennedy 32 00:01:49,480 --> 00:01:52,760 half dollar, and at the same time they pulled silver 33 00:01:53,040 --> 00:01:58,319 out of the coinage. However, they couldn't pull it all 34 00:01:58,400 --> 00:02:01,480 out of the Kennedy half dollar because then it would 35 00:02:01,519 --> 00:02:06,599 have cheapened Kennedy's image in the eyes of the public. 36 00:02:06,719 --> 00:02:09,520 So what they did was they made it forty percent silver, 37 00:02:10,000 --> 00:02:13,039 the minimum amount they could use, so it didn't look 38 00:02:13,159 --> 00:02:17,479 like a Johnson slug, as our good friend David Morgan 39 00:02:17,560 --> 00:02:18,199 calls them. 40 00:02:18,639 --> 00:02:19,759 Speaker 4: And you know. 41 00:02:19,719 --> 00:02:23,120 Speaker 3: That lasted for like four years. But so the first ones, 42 00:02:23,159 --> 00:02:26,199 the sixty fours came out, they were ninety percent. They 43 00:02:26,199 --> 00:02:31,319 got hoarded up instantaneously as keepsakes. They cut the silver 44 00:02:31,960 --> 00:02:35,599 to forty percent and sixty five to sixty nine, and 45 00:02:36,000 --> 00:02:38,639 they still couldn't keep them around. I've been buying those 46 00:02:38,800 --> 00:02:42,919 personally because they're considered the junkiest of the junk silver. 47 00:02:43,639 --> 00:02:46,159 Up until a couple of weeks ago, they were selling 48 00:02:46,560 --> 00:02:51,759 at discounts to melt value. Anyway, I'm digressing, but it's 49 00:02:51,759 --> 00:02:54,479 been too long. I think the last time I talked 50 00:02:54,520 --> 00:02:57,280 to you, silver was around thirty five bucks the ounce, 51 00:02:57,639 --> 00:03:02,000 where now it's it hit close to six two on 52 00:03:02,080 --> 00:03:07,000 the CRIMEX today. Nothing you're surprised about, is it? 53 00:03:07,479 --> 00:03:10,639 Speaker 1: Yeah, I would imagine anyway, good to see it, Carrie. 54 00:03:11,039 --> 00:03:11,280 Speaker 4: Yeah. 55 00:03:11,560 --> 00:03:14,439 Speaker 1: When we probably spoke back in September, I think was 56 00:03:14,479 --> 00:03:17,919 the last time, and you know, back then we're all waiting. 57 00:03:17,919 --> 00:03:21,199 It was like, well, gold have been going sideways, you know, 58 00:03:21,360 --> 00:03:24,000 into the through the all the month of August. For 59 00:03:24,039 --> 00:03:27,639 four months, silver been going sideways, particularly to silver. I'm 60 00:03:27,680 --> 00:03:32,159 sure I probably mentioned and described it as Newton's law 61 00:03:32,199 --> 00:03:34,199 of inertia. I think they also call it the first 62 00:03:34,280 --> 00:03:37,680 law motion. An object at rest kind of remains at 63 00:03:37,719 --> 00:03:40,520 rest until a force is applied to it, and that 64 00:03:40,680 --> 00:03:43,520 force has been applied and continue to be applied now 65 00:03:43,560 --> 00:03:46,120 to silver, and it's kind of a it's a fomo. 66 00:03:46,479 --> 00:03:52,159 It's a momentum thing. It's a virtuous cycle. It's it's 67 00:03:52,280 --> 00:03:55,439 why is it going up? It's because it's going up now. 68 00:03:55,520 --> 00:03:58,000 There are a lot of other things in play, Yeah, 69 00:03:58,039 --> 00:04:00,879 the global supply picture. You know, how much metal as 70 00:04:00,879 --> 00:04:03,199 they're truly in the vaults in London, and what's going 71 00:04:03,199 --> 00:04:06,039 on in Shanghai and all that stuff. But silver sat 72 00:04:06,080 --> 00:04:09,400 there and sat there. Gold broke out almost two years ago, 73 00:04:10,000 --> 00:04:12,560 made new all time highs and is now doubled in price, 74 00:04:12,599 --> 00:04:16,360 where silver just only made new all time highs back 75 00:04:16,360 --> 00:04:19,319 in October. Yeah, so it's moving to catch up the 76 00:04:19,360 --> 00:04:21,639 force that applied. You know, it just sits there, doesn't 77 00:04:21,680 --> 00:04:22,879 go anywhere. Then all of a sudden, it starts to 78 00:04:22,920 --> 00:04:27,199 move up, and volume picks up, and these CTA trading funds, 79 00:04:27,800 --> 00:04:30,120 other traders and the like start to jump on, and 80 00:04:30,160 --> 00:04:33,360 it creates its own momentum that took it up to 81 00:04:33,399 --> 00:04:36,120 forty eight. That the old all time highs that blasted 82 00:04:36,160 --> 00:04:39,439 it through to fifty four. It then pulled back held 83 00:04:39,439 --> 00:04:42,800 forty eight of support and now it's blasted through again, ultimately, 84 00:04:42,879 --> 00:04:44,920 I think Carrie, it does a gold you know, where 85 00:04:45,399 --> 00:04:48,600 golden took about eighteen months for it to double in 86 00:04:48,720 --> 00:04:51,680 price after it made new all time highs in March 87 00:04:51,720 --> 00:04:54,000 of twenty four. For your silver, it's not going to 88 00:04:54,040 --> 00:04:56,360 take eighteen months, but it's following that same path. 89 00:04:56,600 --> 00:05:00,920 Speaker 3: Hey, so we're going to create hemp Kes first law 90 00:05:01,399 --> 00:05:05,560 of metals markets. That is, I like it. Okay, if 91 00:05:06,240 --> 00:05:12,120 a medal is suppressed, it stays suppressed until an external force. 92 00:05:12,800 --> 00:05:16,680 For us is the suppression to end gold pool in 93 00:05:16,720 --> 00:05:22,680 the sixties. Obviously, gold all throughout, you know, our adult 94 00:05:22,839 --> 00:05:27,879 lives basically has been suppressed, and silver is the perfect example. 95 00:05:28,720 --> 00:05:30,480 I knew at thirty two and a half, and I 96 00:05:30,480 --> 00:05:33,319 think we had even talked about that number, because I 97 00:05:33,399 --> 00:05:36,319 seem to remember we had I'm going to look it up. 98 00:05:36,560 --> 00:05:39,639 We had an interview way back when, and that thirty 99 00:05:39,720 --> 00:05:43,279 two to thirty three number was kind of like really 100 00:05:43,319 --> 00:05:45,480 an important number. And once it blew through that I 101 00:05:45,480 --> 00:05:50,040 think in May that was that was it. And we 102 00:05:50,160 --> 00:05:53,279 got three things happening here. Two of them I'll mention 103 00:05:53,439 --> 00:05:56,680 another one. You can send me an email. But look 104 00:05:56,720 --> 00:06:02,079 what happened Thanksgiving the day after Thanksgiving Giving melt up, right, 105 00:06:02,480 --> 00:06:05,279 we went up two three bucks. I can't remember fifty 106 00:06:05,519 --> 00:06:10,079 three point fifty right? And why was that? Because I 107 00:06:10,120 --> 00:06:13,519 have a theory, and most metal traders never take off 108 00:06:13,560 --> 00:06:16,560 the holidays. They'll take off any other times, but they 109 00:06:16,600 --> 00:06:21,120 won't take off the day after Christmas, the day after Thanksgiving, 110 00:06:21,279 --> 00:06:24,439 and the day after New Year's because all of the 111 00:06:25,839 --> 00:06:31,160 banks have got their A teams are off skiing in Zermatt, 112 00:06:32,040 --> 00:06:36,560 the B teams in Florida or in the Caribbean. The 113 00:06:36,639 --> 00:06:39,959 seeded team is showing up but they're hungover, and the 114 00:06:40,040 --> 00:06:43,600 D team is the margin clerks. The margin clerks are 115 00:06:43,680 --> 00:06:47,439 running the show. And that's why you have these blowouts. 116 00:06:47,439 --> 00:06:52,839 So we got one up here Christmas right, December twenty sixth, 117 00:06:53,360 --> 00:06:57,199 and then we got January second. In addition, that's when 118 00:06:57,399 --> 00:07:02,680 all the funds realign their poor folios. Like I don't 119 00:07:02,680 --> 00:07:05,519 want to make predictions because you know I'm always wrong, 120 00:07:06,079 --> 00:07:10,680 but certainly the groundwork is set for a monster move forward. 121 00:07:10,959 --> 00:07:14,720 Plus we're in this inasonality fourth quock beginning in the 122 00:07:14,839 --> 00:07:18,240 first quarter. Yeah, I mean, what's the limit here, Craig, 123 00:07:18,720 --> 00:07:19,399 you hit them all. 124 00:07:19,560 --> 00:07:24,240 Speaker 1: Kerrie, let's touch on your first point about the breakout 125 00:07:24,759 --> 00:07:29,560 on Black Friday. There's a lot of would actually I don't. 126 00:07:29,639 --> 00:07:32,120 I hate to call it nonsense, but it's verifiable as 127 00:07:32,120 --> 00:07:35,199 it clickbait that made it sound like, oh, there is 128 00:07:35,240 --> 00:07:39,279 some massive amount of deliveries at the Comax that caused 129 00:07:39,319 --> 00:07:42,079 the market to melt down on it is that's bogus. 130 00:07:42,439 --> 00:07:45,759 Oh yeah, anybody, anybody that tracks the metals knows where 131 00:07:45,759 --> 00:07:50,079 to find this information. The CME's on website. And all 132 00:07:50,120 --> 00:07:53,240 that was was the typical first night of deliveries on 133 00:07:53,279 --> 00:07:56,480 a delivery month, and it wasn't one big order for 134 00:07:56,560 --> 00:08:01,680 seven thousand contracts. That's all bogus. What happened on Friday, 135 00:08:01,720 --> 00:08:06,240 Black Friday, right light volume, Like you said, ABTC team, 136 00:08:06,319 --> 00:08:10,519 everybody else is not there. And two things happened. The 137 00:08:10,560 --> 00:08:14,639 old that all that high from October sixteenth was about 138 00:08:14,639 --> 00:08:17,120 fifty four dollars, price went down to forty eight, then 139 00:08:17,160 --> 00:08:19,480 went back up to fifty four dollars, and hey, you know, 140 00:08:19,560 --> 00:08:22,040 then immediately there's this chorus of people that wanted to 141 00:08:22,040 --> 00:08:23,079 be the first to say it was a. 142 00:08:23,000 --> 00:08:24,959 Speaker 4: Double top, which is not. 143 00:08:25,759 --> 00:08:28,399 Speaker 1: But yeah, so anybody everybody starts, you know, looking at 144 00:08:28,480 --> 00:08:30,920 it that way, and so if you're a trader and 145 00:08:31,000 --> 00:08:35,360 you're short, where are you going to place your by stop, Carrie? 146 00:08:36,480 --> 00:08:37,639 Speaker 4: Right above fifty four? 147 00:08:37,799 --> 00:08:40,360 Speaker 1: Right, yeah, if it breaks out, I want to I'm 148 00:08:40,399 --> 00:08:42,200 going to have a stop order in any when you're short, 149 00:08:42,279 --> 00:08:44,200 it's a buy stop, and you're just going to have 150 00:08:44,240 --> 00:08:47,559 that on there. Good Ntil canceled at the same time 151 00:08:48,120 --> 00:08:51,960 when you and we moved through fifty four during comacs 152 00:08:52,000 --> 00:08:56,000 hours on Black Friday, so it's light volume, not many 153 00:08:56,000 --> 00:08:59,039 people around, and you get this surge of buying from 154 00:08:59,679 --> 00:09:03,759 the CTA, you know, managed funds, managed commodity funds, commodity 155 00:09:03,759 --> 00:09:07,200 advisors buying, chasing the volume up. 156 00:09:07,080 --> 00:09:07,799 Speaker 4: Through fifty four. 157 00:09:08,279 --> 00:09:10,519 Speaker 1: At the same time, you get all this short covering, 158 00:09:10,559 --> 00:09:13,240 which is more buying, and you end up with a 159 00:09:13,279 --> 00:09:15,279 three dollars and fifty cent up move up to fifty 160 00:09:15,320 --> 00:09:18,320 seven and a half or whatever it was on that Friday, Carrie. Actually, 161 00:09:18,360 --> 00:09:21,039 the same thing happened. I were recording this here on 162 00:09:21,120 --> 00:09:24,519 Wednesday the tenth. The same thing happened yesterday, Tuesday, the night, yes, 163 00:09:25,120 --> 00:09:28,440 reasonably light volume day ahead while the FOMC was meeting, 164 00:09:29,240 --> 00:09:33,320 we moved up through those fifty seven highs, and it 165 00:09:33,399 --> 00:09:37,120 happened again, and you could actually see on the volume 166 00:09:37,200 --> 00:09:40,879 charge a little five minute candlesticks. The highest volume of 167 00:09:40,919 --> 00:09:45,000 the day was right when price broke through fifty seven, 168 00:09:45,039 --> 00:09:47,519 and you've got another surge of the CTA brying in 169 00:09:47,559 --> 00:09:52,720 short covering. Yeah, so it becomes again this inertia thing. 170 00:09:52,799 --> 00:09:56,080 It becomes a higher prices lead to higher prices type 171 00:09:56,120 --> 00:10:00,759 of thing. Now we've seen, you know, CTAs can rush 172 00:10:00,799 --> 00:10:02,720 for the exits all at the same time too. We 173 00:10:02,759 --> 00:10:04,720 saw some of that in late October, so you got 174 00:10:04,759 --> 00:10:07,320 to be mindful of that. But there's a lot of 175 00:10:07,360 --> 00:10:09,159 stuff going for us when we can kind of talk 176 00:10:09,200 --> 00:10:12,200 through this stuff, you know, you know, one by one 177 00:10:12,240 --> 00:10:14,360 if you want. But there's a lot suggesting that we're 178 00:10:14,360 --> 00:10:16,519 going to rally into year in and rally in January 179 00:10:16,600 --> 00:10:17,000 as well. 180 00:10:17,279 --> 00:10:20,840 Speaker 3: Yeah, well it's a coil, I think. Yeah, once talked 181 00:10:20,840 --> 00:10:23,559 about it the jack in the box. You keep turning 182 00:10:23,559 --> 00:10:26,559 the handle and turning the handle, and eventually that thing 183 00:10:26,679 --> 00:10:30,639 pops out, and you know, it's just you know, it 184 00:10:30,720 --> 00:10:33,320 always feels good to be right for a change. As 185 00:10:33,360 --> 00:10:38,559 we watched this for you know, really since twenty eleven, 186 00:10:38,639 --> 00:10:42,240 with a couple of breakouts like could have bed in sixteen, 187 00:10:42,759 --> 00:10:47,039 but you know, it never got over thirty for long. Yeah, 188 00:10:47,360 --> 00:10:49,960 and you know, to all of a sudden see it 189 00:10:50,039 --> 00:10:55,480 finally and really like the amazing thing was like I'm 190 00:10:55,519 --> 00:11:01,080 buying stuff on eBay and like you can front it's 191 00:11:01,080 --> 00:11:04,000 not front running, but like people would put up their 192 00:11:04,039 --> 00:11:09,960 silver on like Thursday and Friday, there'd be a run up, 193 00:11:10,320 --> 00:11:12,360 and then they didn't take it down. They didn't change 194 00:11:12,360 --> 00:11:16,159 their price. So you're buying it below MILT value on 195 00:11:16,320 --> 00:11:21,919 eBay all right. Now, obviously price goes down your above 196 00:11:22,000 --> 00:11:26,399 melt value, but that hasn't happened, and you could just 197 00:11:26,480 --> 00:11:30,279 pick them off, and then there's mispricing. There's a lot 198 00:11:30,279 --> 00:11:34,960 of unsophisticated sellers, and then there's sophisticated sellers like coin 199 00:11:35,000 --> 00:11:39,600 shops that should know better, and they're messing up. Now 200 00:11:40,279 --> 00:11:43,799 all of those discounts to melt are pretty much gone. 201 00:11:44,039 --> 00:11:47,399 Maybe find some war nickels. 202 00:11:46,720 --> 00:11:49,600 Speaker 1: Remember we were people were saying all the time back 203 00:11:49,600 --> 00:11:53,039 in twenty fifteen and seventeen, silver will never go up 204 00:11:53,240 --> 00:11:56,240 up because as soon as it gets to thirty and forty, 205 00:11:56,279 --> 00:11:58,840 everybody's going to be selling all the silver Bay bought 206 00:11:58,879 --> 00:12:02,720 in twenty ten, and people gonna be dumping Grandma's candlesticks 207 00:12:02,759 --> 00:12:04,240 and all that kind of well, hell, we're all the 208 00:12:04,480 --> 00:12:07,159 you know, we blew through that, right. 209 00:12:08,000 --> 00:12:08,200 Speaker 3: You know. 210 00:12:08,240 --> 00:12:11,519 Speaker 4: It's you mentioned though, Carrie. It we're talking about. 211 00:12:11,759 --> 00:12:14,320 Speaker 1: You and I met in what like twenty twelve, right, 212 00:12:14,399 --> 00:12:16,320 you know, this is all stuff we've discussed now for 213 00:12:16,360 --> 00:12:21,360 over a decade, you know, the physical supply issue, the 214 00:12:21,879 --> 00:12:24,919 leveraged markets, the derivative markets that were created in nineteen 215 00:12:25,000 --> 00:12:28,639 seventy five to kind of olcomize metal, to get people 216 00:12:28,679 --> 00:12:32,799 to accept a dot on a screen. You know, a 217 00:12:33,080 --> 00:12:36,919 future's price is the actual price, right. And then these 218 00:12:37,000 --> 00:12:39,519 banks that live you know, hand to mouth, you know, 219 00:12:40,440 --> 00:12:43,559 between managing the price in New York and delivering the 220 00:12:43,600 --> 00:12:47,399 medal in London, kind of just in time delivery, managing 221 00:12:47,480 --> 00:12:52,639 their books, the using the ETFs as flywheels. You know, 222 00:12:52,799 --> 00:12:55,639 every time they get a short metal, they get some 223 00:12:55,759 --> 00:12:58,039 out of the SLV or the GLD, you know, and 224 00:12:58,039 --> 00:12:59,399 they short it and they get it out and then 225 00:12:59,399 --> 00:13:01,000 they hope they can buy it back later and put 226 00:13:01,000 --> 00:13:01,320 it back. 227 00:13:01,559 --> 00:13:02,720 Speaker 4: All of that crap. 228 00:13:02,519 --> 00:13:04,039 Speaker 1: Has been going on for as long as you and 229 00:13:04,120 --> 00:13:05,000 I have been talking. 230 00:13:04,799 --> 00:13:07,120 Speaker 4: Well, and we knew it was it. 231 00:13:07,240 --> 00:13:11,200 Speaker 1: I mean, this is certainty that this was eventually that 232 00:13:11,440 --> 00:13:16,360 the music was going to stop. Is that app exactly exactly? 233 00:13:16,799 --> 00:13:19,840 And that's where these banks are now. You know, whether 234 00:13:19,879 --> 00:13:23,720 it's the central bank demand and now the tether demand 235 00:13:23,759 --> 00:13:27,559 that underpins the physical market for gold, or whether it's 236 00:13:27,600 --> 00:13:30,360 the eight hundred million ounce supply deficit over the last 237 00:13:30,440 --> 00:13:35,720 four years combined with ramped up industrial demand, uh for silver, 238 00:13:36,639 --> 00:13:40,720 all of these things are now kind of coming home 239 00:13:41,360 --> 00:13:45,320 that can't be shell gamed away anymore. And that's where 240 00:13:46,000 --> 00:13:49,279 again I see this stuff every day, these wave counters 241 00:13:49,360 --> 00:13:51,919 and people, the technical analysts and the stuff, and they 242 00:13:52,000 --> 00:13:54,720 try to, you know, create a reason why that dot 243 00:13:54,720 --> 00:13:56,759 on the screen is going to go back down to 244 00:13:56,879 --> 00:14:00,200 like its old moving average or something. It isn't don't 245 00:14:00,200 --> 00:14:02,399 have anything to do with any of that at this point. 246 00:14:02,960 --> 00:14:06,919 And that's where the people listening to you and I 247 00:14:06,919 --> 00:14:08,840 I hope they've been listening all these years, but I 248 00:14:08,840 --> 00:14:11,679 hope they're still they're not looking at the price and going, 249 00:14:11,720 --> 00:14:16,720 oh gosh, it's too expensive. The one last point while 250 00:14:16,720 --> 00:14:19,039 I'm on this thought carry that people need to understand 251 00:14:19,440 --> 00:14:22,919 if you're looking at gold specifically or silver for that matter, 252 00:14:23,000 --> 00:14:25,480 and saying it's expensive and it's got to go down. 253 00:14:26,039 --> 00:14:26,799 Speaker 4: You're looking at. 254 00:14:26,720 --> 00:14:31,000 Speaker 1: The price all wrong. Gold hasn't changed. That's why the 255 00:14:31,080 --> 00:14:33,720 gold doesn't have any utility, right, it just collects dust. 256 00:14:33,759 --> 00:14:36,360 It's a pet rock. It doesn't pay a dividend. All 257 00:14:36,360 --> 00:14:39,279 this gold is just goal. And what's changing is the 258 00:14:39,320 --> 00:14:42,559 amount of dollars or euros or yen or whatever that 259 00:14:42,639 --> 00:14:46,279 it takes to buy that same ounce the gold hasn't changed. 260 00:14:46,320 --> 00:14:50,039 What's changing is the destruction of the purchasing power of 261 00:14:50,039 --> 00:14:53,279 your currency. For the dollar, ten years ago, it took 262 00:14:53,279 --> 00:14:57,919 eleven hundred dollars to buy that one ounce of gold. 263 00:14:58,120 --> 00:15:00,399 That same ounce of gold at five year years ago 264 00:15:00,399 --> 00:15:03,360 took twenty two hundred dollars. That same ounce of goal 265 00:15:03,440 --> 00:15:06,519 takes forty four hundred dollars. It's not the gold that's 266 00:15:06,519 --> 00:15:11,320 getting expensive. It is your your currency that is wasting away. 267 00:15:11,399 --> 00:15:13,320 And that's how people need to understand it. 268 00:15:14,000 --> 00:15:17,879 Speaker 3: Well, that is true, but we have with silver, we 269 00:15:17,960 --> 00:15:19,879 got an added boost there. 270 00:15:19,799 --> 00:15:21,480 Speaker 4: Well, and that too. I mean it's the same thing. 271 00:15:21,600 --> 00:15:27,759 Speaker 3: Yeah, shortage, we have shortish, we have escalating burgeoning industrial demand. 272 00:15:29,679 --> 00:15:34,279 Add manipulation. That's a that's coming to an end, all right. 273 00:15:34,320 --> 00:15:36,799 It looks to me like this suppression scheme is all. 274 00:15:36,840 --> 00:15:38,399 But you know we could talk why. 275 00:15:38,320 --> 00:15:41,919 Speaker 4: Would you, right would you? Why would you be shorting it? 276 00:15:42,759 --> 00:15:44,879 Speaker 1: I mean saying, you know you have that if you 277 00:15:45,080 --> 00:15:48,919 went at fifty dollars silver, if you are, I mean 278 00:15:48,960 --> 00:15:52,559 pick a bullion bank, and you know we're gonna aggressively 279 00:15:52,600 --> 00:15:54,879 shorten cap it when you're just getting buried. 280 00:15:55,279 --> 00:16:01,200 Speaker 3: Yeah, yeah, we Rick said when I interviewed them last time, 281 00:16:01,279 --> 00:16:03,879 I said, what do you think of the people who 282 00:16:03,919 --> 00:16:07,960 are short silver? And he said, the people who are 283 00:16:08,039 --> 00:16:14,960 exercising these complex you know, paper shortthages, whatever complex trades 284 00:16:15,240 --> 00:16:17,960 are going to be annihilated. And you've heard up to 285 00:16:17,960 --> 00:16:20,759 say it before, they're going to have a religious experience. 286 00:16:21,080 --> 00:16:22,519 Speaker 4: That's Rion's what you'd always say. 287 00:16:23,159 --> 00:16:27,320 Speaker 1: Well, and remember Carrie, we always as we would talk 288 00:16:27,360 --> 00:16:31,159 about the comax and all of this leverage, and that 289 00:16:31,639 --> 00:16:34,080 it would always come up about the gold silver ratio. 290 00:16:34,639 --> 00:16:38,360 Remember that, and people would already say the ratio should 291 00:16:38,360 --> 00:16:40,480 be fifteen to one and said it's one hundred to one. 292 00:16:40,519 --> 00:16:41,159 Speaker 4: Why is that? 293 00:16:41,519 --> 00:16:43,519 Speaker 1: And I said it's actually, I think the best way 294 00:16:43,519 --> 00:16:47,519 to understand it is it's a leverage ratio. You know, 295 00:16:47,559 --> 00:16:51,039 you might just consider silver is six times more levered 296 00:16:51,039 --> 00:16:53,720 than gold. Now that's you know, not I don't think 297 00:16:53,720 --> 00:16:55,200 you can do a one to one look at it 298 00:16:55,240 --> 00:16:57,840 that way. But the reason why it was always eight 299 00:16:57,879 --> 00:16:59,679 to one or twelve to one to fifteen to one 300 00:16:59,720 --> 00:17:01,919 and all said it's one hundred to one is a 301 00:17:02,039 --> 00:17:07,240 function of all of the derivatives, the phony boloney, plastic banana, 302 00:17:07,519 --> 00:17:11,079 you know, good time rock and roll, futures contracts, and 303 00:17:11,119 --> 00:17:15,519 that's what's now being forced to be unwound. Yeah, and 304 00:17:15,559 --> 00:17:18,680 that's where that's where the excitement lies. 305 00:17:19,200 --> 00:17:22,000 Speaker 3: Hey, what's our goal to silver? Aci and s sixty 306 00:17:22,039 --> 00:17:25,720 eight or nine to one? Yeah, it was ae hundred, 307 00:17:25,920 --> 00:17:28,160 it was one hundred and eight. Yeah, right, uh uh. 308 00:17:28,400 --> 00:17:33,680 I mean that in itself should tell everybody and think, oh, 309 00:17:33,920 --> 00:17:37,680 but silver's too high. You know, it's at record pripey. 310 00:17:38,279 --> 00:17:41,240 And I'm not saying buy or don't buy. I'm just 311 00:17:41,319 --> 00:17:44,519 saying that's not really and you said it, that's not 312 00:17:44,720 --> 00:17:49,799 really a valid reason not to buy, because well, you 313 00:17:49,799 --> 00:17:52,759 know people, people are always buying stuff at the top. 314 00:17:53,200 --> 00:17:56,839 But the question is, so strategy here, when do you 315 00:17:56,880 --> 00:17:59,640 start like shedding a little bit of your supply? Are 316 00:17:59,680 --> 00:18:03,759 you preparing for armageddon? Here? Is this the armageddon trade. 317 00:18:04,319 --> 00:18:07,480 Speaker 1: This is the same answer from ten years ago, you know, 318 00:18:07,480 --> 00:18:09,799 when people would always say, okay, so when you sell, Well, 319 00:18:09,839 --> 00:18:14,960 the problem is, if I sell a ten ounce bar 320 00:18:15,079 --> 00:18:20,079 of silver, someone is going to give me back six 321 00:18:20,240 --> 00:18:22,480 hundred US dollars. 322 00:18:22,880 --> 00:18:25,839 Speaker 4: Yeah, what the hell do I want those for? Yeah, 323 00:18:26,000 --> 00:18:27,200 you know, that's the problem. 324 00:18:27,759 --> 00:18:30,079 Speaker 1: I mean, I suppose you could know lever it into 325 00:18:30,200 --> 00:18:32,480 buying some mining shares or something, or maybe you know, 326 00:18:32,519 --> 00:18:34,720 that's what's great about the legal tender laws that are 327 00:18:34,720 --> 00:18:37,440 making their way around the US now, so you can 328 00:18:37,480 --> 00:18:41,960 actually use the metal exchange for other real assets. You know, 329 00:18:42,000 --> 00:18:43,839 maybe you can buy some land or a home, you know, 330 00:18:43,960 --> 00:18:44,920 or you know something. 331 00:18:45,680 --> 00:18:46,440 Speaker 4: But that's the problem. 332 00:18:46,519 --> 00:18:49,680 Speaker 1: Yeah, okay, you might sound good, I'm going to sell 333 00:18:49,759 --> 00:18:52,359 this now and haul some down to my coin dealer 334 00:18:52,440 --> 00:18:55,000 or you know whatever. But again, what are you getting 335 00:18:55,279 --> 00:18:58,799 when you sell? You're getting feet dollars back or euros back, 336 00:18:58,839 --> 00:19:00,559 and that's that's no bargain. So you've got to have 337 00:19:00,599 --> 00:19:03,319 a plan for that. But Carrie, at the end of 338 00:19:03,319 --> 00:19:07,400 the day, this has been such a wild year. 339 00:19:09,079 --> 00:19:10,319 Speaker 4: When I wrote my remember my. 340 00:19:10,319 --> 00:19:14,559 Speaker 1: Macro cast, we talked about every Yeah, k sure, we 341 00:19:14,559 --> 00:19:17,119 were coming off a twenty five percent year in gold 342 00:19:17,200 --> 00:19:20,920 last year, and in the previous four times that's happened 343 00:19:20,920 --> 00:19:26,480 this century, gold has either gone barely higher, flat or 344 00:19:26,519 --> 00:19:30,160 down the next year when Carrie, we're up like sixty 345 00:19:30,240 --> 00:19:33,400 percent now as a follow up, so, I mean this 346 00:19:33,440 --> 00:19:37,079 is this is very much unprecedented, and I think in 347 00:19:37,200 --> 00:19:39,960 large part it is because it's just a collection of 348 00:19:40,000 --> 00:19:43,279 stuff that you're kind of being warned is coming, and 349 00:19:43,319 --> 00:19:46,240 it's being front run in a way. And so when 350 00:19:46,240 --> 00:19:48,559 people say, you know, should I still be buying or 351 00:19:48,599 --> 00:19:51,599 should I still be holding twenty twenty six is going 352 00:19:51,680 --> 00:19:53,680 to be that's what's being front run. 353 00:19:53,720 --> 00:19:53,960 Speaker 3: Now. 354 00:19:54,319 --> 00:19:58,079 Speaker 1: Remember back in February, remember Bessent with is we're going 355 00:19:58,119 --> 00:20:00,920 to monetize the I said of the balance sheet? 356 00:20:00,960 --> 00:20:02,000 Speaker 4: Remember all that talk? 357 00:20:02,119 --> 00:20:02,759 Speaker 3: Yeah right. 358 00:20:04,839 --> 00:20:08,680 Speaker 1: There was also the verbiage of the by Bitcoin Act 359 00:20:08,759 --> 00:20:12,359 or the Bitcore Reserve Act, where it says in the 360 00:20:12,400 --> 00:20:16,240 bill that they're going to revalue gold to its market 361 00:20:16,279 --> 00:20:19,680 price up from forty dollars forty two to twenty two 362 00:20:19,720 --> 00:20:23,799 or whatever. It's carried out now as a deficit neutral 363 00:20:23,839 --> 00:20:26,599 way of coming, you know, getting cash from the Fed 364 00:20:27,240 --> 00:20:29,720 to fund the Bitcoin Act. So there's all of that 365 00:20:29,720 --> 00:20:33,400 that's out there you've got. Bessett has talked about emerging 366 00:20:33,440 --> 00:20:37,519 the operations of Fed and Treasury working hand in glove. 367 00:20:37,559 --> 00:20:40,599 In twenty twenty six, Powell comes out and says all 368 00:20:40,640 --> 00:20:43,200 this stuff again today about oh well, only one cut 369 00:20:43,240 --> 00:20:45,720 next year, and all this kind of jazz, and he's 370 00:20:45,759 --> 00:20:48,480 as lame duck as it gets. Who cares what Powell thinks. 371 00:20:48,720 --> 00:20:51,759 He's gone in May anyway, And so all of this 372 00:20:51,839 --> 00:20:55,480 stuff is pointing toward dramatically lower interest rates, probably some 373 00:20:55,640 --> 00:21:00,839 form of yield curve control, sharply negative real interest rates, remonization, 374 00:21:01,000 --> 00:21:05,079 revaluation of gold. All of these things are coming next year. 375 00:21:05,200 --> 00:21:07,480 So it's again it's not straight up. It's going to 376 00:21:07,519 --> 00:21:10,519 continue in this pattern that's held for almost two years 377 00:21:10,559 --> 00:21:13,480 now of twenty percent rallies and then consolidations and then 378 00:21:13,519 --> 00:21:16,680 twenty percent rallies. But we're far from a top for 379 00:21:16,759 --> 00:21:19,400 gold and definitely far from a top for silver, and 380 00:21:19,440 --> 00:21:22,759 so people need to plan accordingly with that. 381 00:21:22,839 --> 00:21:26,039 Speaker 3: In money, well, we're still seeing higher highs and higher 382 00:21:26,160 --> 00:21:30,480 those we'll say the trends your friend here, Yeah, and 383 00:21:31,000 --> 00:21:33,720 you see it even on a daily basis, The higher 384 00:21:33,799 --> 00:21:36,839 highs and the higher lows. 385 00:21:36,079 --> 00:21:37,160 Speaker 4: And the dips get bought. 386 00:21:37,640 --> 00:21:40,680 Speaker 1: There'll be this big mass rush of selling of futures 387 00:21:40,759 --> 00:21:42,960 usually while the COMEX is open, and get these huge 388 00:21:43,039 --> 00:21:46,359 red bars of volume and price will plunge a dollar 389 00:21:46,640 --> 00:21:49,839 dollar fifty or something, and then that dries up, the 390 00:21:49,880 --> 00:21:52,200 vibe goes away in prices. 391 00:21:53,640 --> 00:21:57,839 Speaker 3: Saw tooth. Yeah, really fun. And like we were talking 392 00:21:57,839 --> 00:22:03,359 about the day after Thanksgiving a black Friday, well, historically 393 00:22:03,720 --> 00:22:06,839 those would be the days when they slammed silver. Yes, 394 00:22:06,960 --> 00:22:10,599 there was no liquid the not yeah, right, and a 395 00:22:10,720 --> 00:22:14,640 very short a very uh you know, just a little 396 00:22:14,680 --> 00:22:19,839 concentrated sell into that market, especially in the access market. 397 00:22:19,920 --> 00:22:22,799 We even talk about the access market, right, which is 398 00:22:23,079 --> 00:22:28,319 most subject to manipulation or for sure. And even there 399 00:22:28,599 --> 00:22:31,720 when you see when you see silver go up a 400 00:22:31,720 --> 00:22:33,960 buck in the access market. 401 00:22:33,759 --> 00:22:37,599 Speaker 1: Yeah, you still see them trying to hit it. I 402 00:22:37,599 --> 00:22:41,519 always call it the after hours, the billbacks, you know, 403 00:22:41,559 --> 00:22:44,279 the the bid size, the training volume shrink by about 404 00:22:44,359 --> 00:22:47,519 ninety percent once the COMEX hour stop, and so you 405 00:22:47,599 --> 00:22:49,480 get so much more bang for your buck if you're 406 00:22:49,480 --> 00:22:53,400 trying to influence price. And I'm not saying it's going 407 00:22:53,480 --> 00:22:57,079 to be green candles every day, there's still going to 408 00:22:57,119 --> 00:22:59,799 be uh slams. There's still going to be, you know, 409 00:22:59,799 --> 00:23:02,519 the chasing out of that momentum like we saw in October. 410 00:23:02,559 --> 00:23:05,160 There's still going to be consolidation phases. Gold is still 411 00:23:05,160 --> 00:23:08,880 technically in a consolidation phase. In the peaked in middle 412 00:23:08,920 --> 00:23:10,839 of October and now we're in the middle of December 413 00:23:10,839 --> 00:23:13,920 and we're still below that peak. But there are going 414 00:23:13,960 --> 00:23:17,119 to there's no reason to suggest yet that any kind 415 00:23:17,119 --> 00:23:21,839 of top is in either. You mentioned the pattern higher 416 00:23:21,920 --> 00:23:24,279 highs and higher lows, you start breaking down and making 417 00:23:24,319 --> 00:23:28,000 lower lows. Okay, well, then we've got something to talk about. 418 00:23:28,599 --> 00:23:30,119 But for now, as we head to the end of 419 00:23:30,119 --> 00:23:33,759 the year, you said seasonally strong period. Once we get 420 00:23:33,759 --> 00:23:36,839 past about the fifteenth of December, and certainly all through January, 421 00:23:37,480 --> 00:23:40,200 the dollar is weaker, the dollars falling again from one 422 00:23:40,279 --> 00:23:43,039 hundred and is back under ninety nine. When nobody's expecting 423 00:23:43,079 --> 00:23:44,480 at this point as a dollar to go back to 424 00:23:44,519 --> 00:23:46,279 the lower end of its range this year, down near 425 00:23:46,359 --> 00:23:49,680 ninety six. Well, if that happens, that's going to get 426 00:23:49,680 --> 00:23:51,240 the computers buying the futures too. 427 00:23:51,279 --> 00:23:53,440 Speaker 4: There's a lot of really. 428 00:23:53,160 --> 00:23:58,079 Speaker 1: Positive stuff for the metals, and my strategy continues to 429 00:23:58,119 --> 00:24:01,279 be try to trade the dip and try to ride 430 00:24:01,279 --> 00:24:01,960 the next wave up. 431 00:24:02,160 --> 00:24:05,359 Speaker 3: Yeah, I've done something and I don't recommend it. I 432 00:24:05,400 --> 00:24:07,759 don't obviously, you don't give financial advice here. 433 00:24:07,839 --> 00:24:09,440 Speaker 4: I don't wally imagine what you're going to say. 434 00:24:09,599 --> 00:24:13,559 Speaker 3: I've done something so stupid, Craig, you know, like the 435 00:24:13,720 --> 00:24:17,200 dumbest trade on the street, you know what it is. 436 00:24:17,720 --> 00:24:20,319 Speaker 4: I can think of a few, but I can't imagine. 437 00:24:20,039 --> 00:24:24,599 Speaker 3: The dumbest trade. But that's how good this market is AGQ. 438 00:24:24,799 --> 00:24:28,640 Speaker 1: Oh yeah, yeah, the all futures etf yeah. 439 00:24:28,880 --> 00:24:31,799 Speaker 3: Yeah, the dumbest trade on the street. Right, it's just 440 00:24:32,160 --> 00:24:33,480 generally I've got. 441 00:24:33,279 --> 00:24:36,440 Speaker 4: It going to zero, yeah, yeah, because you can't hold 442 00:24:36,480 --> 00:24:36,920 it long. 443 00:24:37,039 --> 00:24:38,759 Speaker 1: Let's put it that way. You can't just buy it 444 00:24:38,799 --> 00:24:40,000 and take US certificate. 445 00:24:40,359 --> 00:24:43,000 Speaker 3: But you buy it, it goes up twenty percent in 446 00:24:43,119 --> 00:24:47,599 three days. Yeah, and then but you know, it's not 447 00:24:47,640 --> 00:24:50,240 a bad thing to hold when we get these holiday 448 00:24:50,359 --> 00:24:54,839 trades coming in, right, see melt ups here almost certainly 449 00:24:54,960 --> 00:24:58,559 unless they unload everything and they do the what did 450 00:24:58,640 --> 00:25:03,759 we call it, the monetary and who knows who got contracts, 451 00:25:03,799 --> 00:25:07,119 they just dumped them. But the danger is, and you've 452 00:25:07,119 --> 00:25:09,880 said this for years, and I've quoted you so many times, 453 00:25:09,920 --> 00:25:14,119 I always give you attribution is like when they get 454 00:25:14,119 --> 00:25:17,960 to the point where they drive the price below what 455 00:25:18,079 --> 00:25:22,200 its physical should be, and then all the buyers come 456 00:25:22,279 --> 00:25:26,119 rushing in because they tripped all the algorithms and they 457 00:25:26,200 --> 00:25:29,240 know that now and yeah, they just can't do what 458 00:25:29,279 --> 00:25:32,400 they used to do, Craig. And that's maybe that's where 459 00:25:32,440 --> 00:25:34,039 the suppression's really ending. 460 00:25:34,599 --> 00:25:38,039 Speaker 1: Yeah, particularly in gold, and we're probably starting to see 461 00:25:38,039 --> 00:25:41,720 that in silver the gold move. When I wrote the 462 00:25:41,720 --> 00:25:43,799 macrocast this year, I said, what did I get Always 463 00:25:43,839 --> 00:25:45,480 do that just for myself so I can go back 464 00:25:45,480 --> 00:25:48,079 and realize what I was Remember what I was thinking 465 00:25:48,119 --> 00:25:48,920 in January, and what. 466 00:25:48,960 --> 00:25:49,640 Speaker 4: Did I get wrong? 467 00:25:50,000 --> 00:25:52,720 Speaker 1: And what I missed last year was the impact of 468 00:25:52,759 --> 00:25:55,880 this relentless, really central bank demand. We got to throw 469 00:25:55,880 --> 00:25:58,799 the tether demand on there too, and so it really 470 00:25:59,519 --> 00:26:02,680 hampered what has always been the ability of these banks 471 00:26:02,759 --> 00:26:05,480 to just overwhelm the bid and smash price down and 472 00:26:05,480 --> 00:26:07,359 get the price rolling, because you get to a certain 473 00:26:07,400 --> 00:26:11,359 point where here comes that physical bid and it just 474 00:26:11,400 --> 00:26:14,039 pushes it right back up again. And that's been the 475 00:26:14,400 --> 00:26:18,799 underlying this pattern really since late twenty twenty three, about 476 00:26:18,799 --> 00:26:21,240 October of twenty twenty three. So it's been more than 477 00:26:21,279 --> 00:26:23,240 two years now, and we're getting to that point where 478 00:26:23,279 --> 00:26:26,960 silver is looking like that too, and that's going to 479 00:26:27,039 --> 00:26:31,119 be again, we don't know. We've always wondered, you know. 480 00:26:31,200 --> 00:26:35,160 You remember the Gata hearings on Capitol Hill in twenty ten, 481 00:26:35,319 --> 00:26:38,920 you know about are there one hundred digital ounces for 482 00:26:38,960 --> 00:26:44,119 every one physical ounce? No one's ever known. We're in 483 00:26:44,160 --> 00:26:46,079 the process of finding out. 484 00:26:46,559 --> 00:26:48,240 Speaker 3: Yeah, well, I think you're early in. 485 00:26:48,200 --> 00:26:50,359 Speaker 4: The process, too early in the process. 486 00:26:50,680 --> 00:26:54,640 Speaker 3: I think Rick knows, I think Eric Spratt knows. I mean, 487 00:26:54,720 --> 00:26:58,119 those are the people who really got access to the data, 488 00:26:58,720 --> 00:27:01,039 but nobody totally he knows, right. 489 00:27:01,119 --> 00:27:02,799 Speaker 4: Right, nobody knows exactly. 490 00:27:02,839 --> 00:27:05,960 Speaker 1: Well, yeah, because it's deliberately opaque, you know, and you 491 00:27:06,000 --> 00:27:09,240 don't know. You know that we could go on and 492 00:27:09,279 --> 00:27:11,759 on about the vaults of London and how much silver 493 00:27:11,880 --> 00:27:14,599 and gold do they really have underpinning you know, what 494 00:27:14,720 --> 00:27:19,400 are multiples ten times, twenty times, one hundred times whatever 495 00:27:19,559 --> 00:27:23,960 the unallocated trade that they have every single day in 496 00:27:24,000 --> 00:27:27,480 London and versus off of this actual physical float what 497 00:27:27,599 --> 00:27:30,079 is there and that's what's being drawn down. We don't 498 00:27:30,119 --> 00:27:32,079 know how much it is. London will claim it's a 499 00:27:32,119 --> 00:27:35,039 certain number but nobody, nobody knows. 500 00:27:34,960 --> 00:27:37,880 Speaker 4: Right, and so anyway it's coming. 501 00:27:37,920 --> 00:27:41,599 Speaker 1: You know. I remember recording a video for Kinesis four 502 00:27:41,640 --> 00:27:43,400 or five years ago that they turned into a little 503 00:27:43,440 --> 00:27:46,680 promo video where I was talking about unallocated accounts and 504 00:27:46,680 --> 00:27:49,319 how if you're in one of these deals, you know, 505 00:27:49,359 --> 00:27:52,720 at a Canadian bank or you know, in Switzerland or something, 506 00:27:53,519 --> 00:27:57,119 and they say, yeah, this is a great deal. Yeah 507 00:27:57,160 --> 00:28:01,839 it's your metal, but no storage. Well right right there, 508 00:28:01,920 --> 00:28:04,000 that should shoot up a red flag. Wait a second. 509 00:28:04,559 --> 00:28:07,440 An allocated account is my medal, and it says there's 510 00:28:07,599 --> 00:28:10,319 you know, one percent storage v An unallocated account is 511 00:28:10,359 --> 00:28:13,440 supposedly my medal and it's one tenth of one percent 512 00:28:13,480 --> 00:28:16,640 of a sort fee. Well no, wait a second, that's 513 00:28:16,680 --> 00:28:19,640 you're right there, she said off. But anyway, that's where 514 00:28:19,640 --> 00:28:24,319 the real weakness is, those allocated accounts around the world, 515 00:28:25,400 --> 00:28:30,319 where everybody thinks they've got the metal fleck, these hedge 516 00:28:30,359 --> 00:28:32,759 funds and the like, Even really smart smart people like 517 00:28:32,839 --> 00:28:34,640 Paul Tudor Jones or Stanley Druga Miller. 518 00:28:34,680 --> 00:28:37,000 Speaker 4: The thing they own metal, they've got price exposure. When 519 00:28:37,000 --> 00:28:38,880 they own an ETF. They don't own jack. 520 00:28:39,880 --> 00:28:42,400 Speaker 1: And that's where the real weakness is going to show 521 00:28:42,440 --> 00:28:43,920 up first again. 522 00:28:43,960 --> 00:28:45,839 Speaker 4: That's where it looks like it's coming. That's what's going 523 00:28:45,880 --> 00:28:46,279 to happen. 524 00:28:46,720 --> 00:28:51,400 Speaker 3: That's further away. ETFs are so risky. You know R's 525 00:28:51,440 --> 00:28:54,720 buff It says, you don't know who's wearing a bathing 526 00:28:54,759 --> 00:28:58,400 suit until the tide goes out, and who's swimming naked 527 00:28:58,920 --> 00:29:01,720 and we're going to find out soon enough. Hey, so 528 00:29:01,960 --> 00:29:07,440 Tfmetal Reports dot Com and go there. It's still less 529 00:29:07,559 --> 00:29:12,559 than Actually it's less than three lattes at a certain 530 00:29:12,720 --> 00:29:18,119 undisclosed strawthee shop less than three. So I can't that 531 00:29:18,240 --> 00:29:22,119 is a steal, especially if you pegged it to silver. 532 00:29:22,279 --> 00:29:24,920 Could you imagine what your price would be? 533 00:29:25,160 --> 00:29:27,319 Speaker 1: That's true, you know what, That's what I should do. 534 00:29:27,359 --> 00:29:31,920 I should charge every month what an ounce costs. It's like, 535 00:29:32,440 --> 00:29:34,759 it's funny. I'd like to do contests on my side 536 00:29:34,799 --> 00:29:36,640 every once in a while, you know, get people involved 537 00:29:36,640 --> 00:29:38,160 on you know, worst price going to end at the 538 00:29:38,240 --> 00:29:39,440 end of the week and all that kind of stuff. 539 00:29:39,480 --> 00:29:42,000 The price typically is I used to make my own 540 00:29:42,000 --> 00:29:45,519 Scottsdale silver, used to make my own TFMR silver rounds, 541 00:29:46,599 --> 00:29:48,480 and so that used to be you know, no problem, 542 00:29:48,519 --> 00:29:51,000 give one of those babies away for twenty bucks. Well, 543 00:29:51,000 --> 00:29:54,599 now it's sixty more contests. 544 00:29:54,839 --> 00:29:58,519 Speaker 3: The dollars are worth less. But well we'll do a 545 00:29:58,559 --> 00:30:03,559 TFR sub encription to physical ratio there. 546 00:30:03,640 --> 00:30:06,960 Speaker 4: I like now, I like it, you know, to one third. 547 00:30:07,000 --> 00:30:09,680 Speaker 3: It's a steal. It's a third, you know. Yeah, but 548 00:30:09,799 --> 00:30:10,640 you can't beat that. 549 00:30:11,319 --> 00:30:13,480 Speaker 4: I be using I'm stealing that, Carrie. I like that 550 00:30:13,519 --> 00:30:13,799 a lot. 551 00:30:14,799 --> 00:30:19,480 Speaker 3: And if you'd only listened to Craig Good ten years ago, man, 552 00:30:20,319 --> 00:30:22,799 you wouldn't. You would have paid for a lifetime of 553 00:30:23,160 --> 00:30:28,519 TF Metals report. So hey, the links in the show notes, questions, comments, 554 00:30:28,559 --> 00:30:32,640 shoot me an email kl at Carrie LUTs dot com. Craig, 555 00:30:32,799 --> 00:30:34,200 we will talk to you again real soon. 556 00:30:34,240 --> 00:30:36,279 Speaker 4: Thanks for coming on always fun, my friend. 557 00:30:36,519 --> 00:30:40,680 Speaker 2: Thanks for listening to Carrie Lutz's Financial Survival Network, your 558 00:30:40,759 --> 00:30:44,559 solution to today's trying times. For the latest, go to 559 00:30:44,720 --> 00:30:50,640 Financial Survivalnetwork dot com. Financial Survival Network now more than 560 00:30:50,720 --> 00:30:51,000 ever