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Speaker 1: Silver is probably the single most important individual mineral element

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that we have right now, mostly for the fact that

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it's used in everything in small quantities, and it means

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that the price can move a lot and people will

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still demand it.

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Speaker 2: You are listening to Carrie Leutz's Financial Survival Network, where

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you get valuable information you just can't find anywhere else

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to thrive in today's trying times. You need the Financial

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Survival Network now more than ever. Go to Financial Survivalnetwork

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dot com and get your free newsletter and gift. Financial

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Survival Network now more than.

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Speaker 3: Ever, And welcome you are listening to and watching the

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Financial Survival Network. I'm your host, Carrie Letz. Robert Kings

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is with us from the Freedom Report. Robert, it's great

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to have you back. I know you caught the news

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that silver, copper and podash have been placed on the

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critical minerals list for basic by the US government and

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that they're vital to infrastructure to defense, and that clears

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away for expedited permits for these projects as we like

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to say north of the border, and that includes candidate

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as well, and it has a lot of effects. I

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think it will even qualify it for aid under the

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IRA Act, which was probably the only good thing that

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the former administration did for mining while they were there.

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Could this be like the Manhattan Project for the resource sector?

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Speaker 4: Yeah, silver is.

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Speaker 1: I'm glad that they did it for silver because silver

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is probably the single most important individual mineral element that

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we have right now, mostly for the fact that it's

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used in everything in small quantities and it means that

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the price can move a lot and people will still

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demand it. And the resource markets, the trading markets have

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including former CFTY Commissioner Roston Benham, have controlled the prices sover,

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admittedly in public because it is so critical that the

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government wasn't doing the markets any favor by not putting

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it on the Critical Minerals List and announcing to the

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public that essentially sober is so important that we need.

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Speaker 4: To guard it.

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Speaker 1: The markets were already guarding it. They wouldn't let the

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price rise too high. There have been a lot of

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there's been a lot of work done quietly by the

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administration about getting mind supply. And there was an article

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that came out, I want to say, in zero Hedge

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or maybe it was in Twitter, I can't remember, last

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week that talked about the US very quietly going to

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minors to secure supply the how that may violate certain

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laws like free trade to the laws or business laws

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in the United States, and they can do it by

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simply striking a contract. They don't have to nationalize or

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take over. You simply go to whatever the biggest silver

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minors are. They're going to be out on Labada, Utah,

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California mostly, and you say, hey, we want to buy

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your output, and you give it to us and you

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make a deal with the refiner. So the US government

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wants to get into the silver business because it's so critical.

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And what you saw before was the market sort of

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protecting the mechanics of the silver trade up until the

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point where it forced the government to do something. And

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finally we've got recognition on silver that it's so critical

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and it's in such shortage. We're going to be running

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five years straight of mining shortages to what's needed for production,

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which is drawn down global inventories. You saw earlier this

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year we had the report on the LBMA that they

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were almost out of free silver. That came out from

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David Jensen among some other analysts. By the way, off

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long you mentioned substack. So if anybody goes to substack

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and looks up David Jensen. You'll see his reports, and

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he documented how the London silver inventories were so thin

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run and Manly, who writes for Billia involves done the

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same thing. And so you're seeing these commentators out of

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the UK say there is a big shortage. And I

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think that's why Solber now is firmly above thirty bucks

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because thirty dollars was that sort of rubicon where back

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during silver squeeze four years about fours years ago, you

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remember that they limited the price of sober at thirty

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But now it's been above thirty for a while. So

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the market's taken over and it's like, we don't care

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what circuit breakers you put on the markets. Silver is important.

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So that move by the market very quietly pushed the

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hand or force the hand of the US government to say, okay,

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we finally got to come out publicly and admit and

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the fact that they're doing it on potash, you know,

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and copper copper is so critical to infrastructure that over

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the next fifteen years we do not have the end

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ground discoveries of copper that we need to electrify the world,

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including India, China and what people aren't talking about Africa.

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Africa has an amazing amount of investment going into it

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and they need copper for industrialization and electrification. So you

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could take all the minds of the world, including Grassburg

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with known friven and problem reserves, and it's not enough.

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And so the whole world is now moving to protect

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copper China and to Russia. I've been doing things in

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order to secure it. The United States is just reacting.

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So in short five years ago I gave a presentation

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at Money, Metals and Minds and said, we're got the

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inner resource wars, and now we're firmly in them. We

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went through trade wars and currency wars, and now we're

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into resource wars and everybody scrambling for the resources. And

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so I think you've also seen Russian nationalized the third

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largest gold mine. You've seen Mexico say that they're going

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to limit amount of new permits to foreign entities. So

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you're starting to see protectionism around certain key commodities around

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the world start to take shady.

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Speaker 4: Interesting.

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Speaker 3: Interesting, So you know the fact that the governments finally

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acknowledge this, are we going to see a short squeeze

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in silver?

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Speaker 4: And then we got because Rick Rule.

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Speaker 3: When he was on my show, when I caught him

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right after his conference, he said that the entities doing

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sophisticated shorts and hedging in silver are going to be

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utterly destroyed.

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Speaker 4: To paraphrase him, Yeah, yes.

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Speaker 1: And if you look at some of whose were If

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you look at Scotia Bank, Scotia Bank a couple of

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years got out of gold, or at least they said

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they were getting out of go. I think they got

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rid of their service because they were overextended in gold,

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and when gold started rising, they had so many shorts

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that put tremendous pressure on them and they had major issues. Recently,

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Bank of America, with their silver short position has come

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under a tremendous amount of fire. If we ever got

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to true one hundred percent price discovery, it could put

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Bank of America out of business. Not just this mental

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trading desk, but the liability they have because it's a

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leveraged investment, could cause Bank of America to actually have

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substantial financial trouble. That's how big their silver position is.

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If you look at go to gold charts arrests and

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that wonderful service that was done by Nick Leared, and

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you look at the top four largest, and all he

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does is pulls data off of comets, his all public data,

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but he collects it all and puts it into a

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massive database that's been going for decades. And so he's

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got these tying charts which are awesome. And when you

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look at silver shorts and gold shorts, there's a top

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four billion banks that are shorting, and we know who

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they are because if you go to the Office of

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the Control of the Currencies report on derivative positions, it

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calls them out. It's a city bank, it's Bank of

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America JP Morgan and I'm forgetting HSBC, I think is

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the fourth. If I recall, those are the big four

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shorters in all derivatives and specifically derivatives on comes and

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that's not just golden silver, but they do call precious

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metals out and it's also been proven. So we know

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the names of the banks. Can if you go to

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the clared chart, you have the history of these banks

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and kyliod happened to Lehman as they were involved in

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this trade. So banks that have tried to maintain any

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short positions for a long period over time have periodically

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when the market moves up and gone into trouble because

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if the price moves too far against you and you're short,

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you either have to deliver or you have to cash

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all these contracts and you can lose tremendous amounts of

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money and for the longest time to see if youc

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and the banks work together. I think, particularly in sober

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to protect that market because I think it is a

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critical mineral and you can say it's manipulation fraud, and

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I think I've proven that. I think my channel why

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it got so popular was we proved to Pertmint was

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running a scam. I had to see a thing or

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looking at for financial reports. Their CEO got fired. That

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was a big thing. A couple three years ago. We've

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seen scams on the comes. We've uncovered other scams, and

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that's kind of what I'm known for as a former auditor.

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And you could see, you could see all of this

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leading up. You could see them the internal mechanics. And

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now you just can't cover it up anymore. And so

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instead of them trying to cover it up and not

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make it an issue and pretend and try to protect there,

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it's changed to the comes. It's pretty clear two things

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are happening. One they can't anymore. And yes, it could

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blow up on these major banks, it could blow up

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the balance sheet. The next block swam banking crisis could

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originate from the silper short position market. That could happen.

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It's possible. I don't know if it's probable. But the

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second thing that's happening is nobody's believing the London and

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the US markets anymore and the trades moving over east.

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So the Chinese hier Jack Morgan to help them, have

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helped them less four or five years as craade their

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Shanghai market. Across all commodities, but in particular the metals.

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You've had Dubai come out and say we don't care

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about the LBMA system.

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Speaker 4: We're going to run our own.

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Speaker 1: And they have a lot access to a lot of

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African minds.

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Speaker 4: You have India.

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Speaker 1: Russia also sort of coalescing around a new pricing structure

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and a new derivative trading market, which happens to have

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a heavier physical component, So to me, it has more

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credibility at least in tons of the amount of physical assets.

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I don't know about the trade because I haven't followed,

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but you can tell if there's a shifting away from

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these Western markets and they're losing control their pricing scheme.

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Alistair McLeod, who's been covering these for a long time,

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has come out and said he thinks that that they're

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losing control of My friend Andy Maguire over It Live

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from the Vault, has been talking about the fact that

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London may be isolated right now. The whole conversation around

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tariffs and gold into the US was thought to have

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been isolating London and separating, breaking up that sort of oligopoly.

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That Trump didn't do it because all the market observers

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told him if he did it, it would crash. It

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would cause major issues if you tear iff gold, and

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it would highlight the fact that maybe the US doesn't

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have all the gold it says, and it would highlight

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the fact that each of them markets has shortages because

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if you look at the colusion between the comics and LBMA,

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they have to work together in this Ponzi system, and

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when that stops is when one of the two crashes.

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Speaker 4: So it's as cesstrus.

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Speaker 1: The US can't onlly pull away from London without consequences,

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and so I suspect that the US now is doing

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the critical mineral on silver. I strongly suspect that the

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Sovereign Wealth Fund is a cover for the US to

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go into the markets and get as much solver and

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gold as they can go hold for financial reasons to

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help back the dollar charge RECISTM, because Trump knows it's

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in serious deep stuffs and silver to protect that industrial

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component of that metal that we need, especially if we're

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going into a war cycle. You know, with the regional wars,

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you definitely need silver. It's in all major military components

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including lasers, missiles, guidance systems. And the same thing has

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kind of helped happen with rare earths. The US has

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made rare earth production and US bas rare earth miners

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a priority and appliantly working with rare earth providers to

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get rareers because rare earths are needed not only for

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the military but for industry. Because at the same time

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that you want to bring chip production from Taiwan, because

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you're worried about China and Taiwan, and China saying that

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Taiwan's hours, they basically said it in public, They're going

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to go after CHAINI one. The US now knows it

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needs to build up its chip manufacturing, but you need

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silver to do that and rare earth to do that.

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And so now you're seeing the commodity wars that were

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held in the shadows before now come out in public

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with all of these governmental pronouncements, all the things that

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we've been talking on the channel for the last five

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years is what's going on behind the scenes is not

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very public, and now you're seeing that in the news cycle.

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And it's not surprised to those of it's been falling

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it in detail for quite a while.

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Speaker 3: Hey, so all this is happening. How do you make

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money off of this? Obviously if you're holding the physical

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like you and I are big, big fans of. But

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there are asymmetric silver bets out there because at some

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point I think Robert like, when silver breaks forty dollars,

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it's Katie bar the doors. I hate that expression, but

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you know what I'm saying, forty dollars silver is that

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line in the sand hasn't been there since twenty eleven,

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and from forty fifty and above, I mean Eric Sprout

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saying three hundred dollars silver. Eric knows a little something

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about resources, doesn't he.

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Speaker 1: That was and it's a good segue into some something

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else at Eric and Dustan, which is mining stock. So

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if you're looking for leverage and you're just the average man,

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that's one of the easiest ways to get in because

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you're not going to have the money to go to

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Comes and play the contracts or go to London that

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that's the big boy game, unless you have a really

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good sized financial office and a few hundred thousand discretionary

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income that you wanted to get dedicated solely to that trade.

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I would not advocate anybody getting rid of their portfolio

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and going heavy into that, But if you want to

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get speculative and that's something you decided to do, the

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mining stocks is a good way to do it. I

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always say that royalty companies are the easiest way for

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newdies that don't want to analyze companies. But beyond that,

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you can get into the junior miners. You could broadly

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do it and like the GDXJ or some of the

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other junior miners. Now you're going to get little bit

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gold exposure and stuff like that. Base metal, but that's

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a way to do it. But the miners is probably

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the easiest leverage bet, and I would say impact silver

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is kind of a penny stock usually trades you know,

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a round a few bucks, but it has more silver

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content and even First Majestic in terms of its total output.

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So it's almost a proxy for leverage proxy. So anytime

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I think silver's going to move up, I could put

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money into Impact Silver and it goes up as a

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function of or a multiple of the silver a price.

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Now it also is going to come down that way,

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so it's a you know, mining stocks, especially highly focused

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ones like Impact or First Majestic, move a lot. They're

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very volatile. But if you want a leverage play, you

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could do like a there are like leverage index funds

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on the solber price. It will take like the sold

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price and they'll triple it something like that. But those

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are super risky. They're easy to play for the average person,

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but they're risky, right, yeah, So I think that there's

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a risk there. But if you want, if you want

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to take on that risk, any of those options, I

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would say, personally, I would do a silver based royalty first,

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it's safer. Then I would do a collection of like

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junior mining stocks if I were doing it, and then

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I may look at some other strategies if.

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Speaker 4: I wanted the big boom.

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Speaker 1: I think there's going to be enough room that if

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you've bought silver any time to last or four years

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when it was down ten to twenty five or whatever,

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you're going to do, just find and to your point

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when you when you look at the charts, silver I

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think is sitting at thirteen year high something like that,

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and we're getting to the point where it's almost reaching

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that point where it got in twenty eleven the aftermath

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of the financial crisis. So and it's in this massive

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fifty year cup and handle pattern which looks like silver

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just wants to go bonkers. And if you look at

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supply shortages, you look at it being on a critical

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minerals list, you look at the lack of mining input,

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you look at the situations that happened with the exchange,

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the Western exchanges being short, you know, and that becoming

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public silver. You know what people thought was going to

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happen in twenty twenty one with silver squeeze. Probably it's

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more likely to happen now in the next couple of

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years because of all those factors, and.

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Speaker 4: Could be happening right now.

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Speaker 3: If what we're seeing before our very eyes is any

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indication Robert just tell us where do we find you,

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how do we connect with you on the web.

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Speaker 1: So you just follow me the freeom Report. I renamed

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my channel from Goldzilver Pros because we focus on some

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things other than just the metals, but we do. I

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do typically do a weekly mails report at the Freedom

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Rep on Twitter and on YouTube, and I'm also a

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board member of Citizens for Sale Money, so I just

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pluged that real quick. We're the ones that have been

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behind or been assisting with these gold tender legal gold

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tender bills in various states, including in Florida, Texas, and Missouri.

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The best one is with Zouri. We like that one

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the best, but we're We've also gone to conservative meetings

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like ALEC where you suggest legislation, and we our bill

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has been adopted by ALEC as like the official bill

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for gold legal tender, and so now each state that's

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interested can go grab that model and basically come down

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and just negotiate out the details. So we're doing a

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lot of stuff behind the scenes to facilitate gold as

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legal tender.

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Speaker 4: It can as well.

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Speaker 3: Just tell us again about ALEC. It's the Association of Locals.

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I can't remember it exactly.

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Speaker 1: ALEC yeah, it is essentially a conservative it's almost like

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a think tank. But what it is is fifty percent

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of legislators and fifty percent of industry participants and they

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go and they basically talk about in craft legislation, and

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that legislation becomes part of a national platform. Any lawmaker

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can go look at and say what laws are popular,

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what laws are being suggested, and do you have like

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a template, And so it's like a trial run or

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a prayer for going either state or national level and

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saying what the legislation do we want?

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Speaker 4: What is popular?

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Speaker 1: And the gold the goal legal tender one is the

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hot bill in the US right now in finance and economics.

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So the fact that it's gotten this attention is good

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because now everybody's looking at like, oh, we don't have

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to use the dollar if the dollar is having issues.

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And when state's passing this, it allows people to do

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goal cluses and contracts. It allows people to go pay

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with gold and silver if they want. Now it's you're

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not going to do it at the grocery store right now,

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because businesses have to adopt rules and the you know,

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and they have to put it within their existing regulatory schema.

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So all of that rulemaking has to be worked out,

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but it will start the process of the state and

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individual actors being able to transact in gold being completely

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protected the US Constitution and the state law, which is

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reaffirming the clause it says states can make no thing

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other than golden center the Golden Silver legal tender. So

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that clause is still in effect, and what the tenth

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Amendment allows the states to reaffirm that and say we're

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taking that and making it official law. Because anything not

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specifically called out, you know, is to the states or people,

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and it's even called out in the Constitution, so it's

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really the legislation shouldn't be needed, but it is to

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offer legal protections for people that want to do it

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on a state by state basis. So it's what it

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should have been undone a long time ago, and we're

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on the gold standard. It wasn't and so now we're

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bringing that back, and so that effort is at least

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getting the states to acknowledge. And then some of the

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states are starting their own depositories and they're storing it

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for their own wealth funds because it stabilizes the value

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of their holdings and allows them to build bridges and roads.

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One of the reasons we got passed in Florida was

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we talked to their financial office in Governor Dessantz's office

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been at Lettle office around finance and technology, and they said,

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we can't finance roads and bridges because by the time

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we get to year three and four of our project,

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the dollar has lost so much value. We have covery

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finance and take on more day and so the states

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are strangling in their own budgets and so that's why

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they're they're passing it because they want to use gold.

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Speaker 4: So that's really we're.

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Speaker 1: Not the point in the financial system some where inflation

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has forced the states to now do this. And what's

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going to happen is where we've got eleven states that

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have legal tender laws. There were twenty seven states that

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introduced that last year, four or five passed. They're probably

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going to be another five or six a year going forward,

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and once it gets to the point of critical mass,

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it's going to force the federal government and the states

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into a big legal battle row what is money, and

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it's going to challenge what the US has planned, which

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is stable coins, I believe is the next money in

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the US, and it'll it'll interface with the CBDCs and

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the bricks. And this is going to force the FEDS

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and the STAKES to talk about what is money, because

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if you look at it, they're dotting the stable points

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without asking people. And we know that they're going to

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turn into money because all these think takes are telling

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us they're going to do it, and so all the

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policy papers written are saying that that's what they want

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to do, even though some of the FED has come

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out and supported that. So people at the FED and

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so you know that the government is going to try

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to do it. So we're working at the state level

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to say, well, there's a scene called the Constitution, and

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there's a scene called gold and silver, and you haven't

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rescinded that. And by us forcing the issue, it's going

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to force it into the public, and it's going to

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force that eventually probably go the Supreme Court. So either

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the federal government is going to have to sue to

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maintain their monopoly of money, or we're going to have

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dual currencies floating around the US, which either way I

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think benefits people.

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Speaker 4: All Right, interesting times ahead.

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Speaker 3: It's got a question for Robert myself, shoot me an email.

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Speaker 4: What are your thoughts.

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Speaker 3: Are we heading back back to the future where the

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future has a gold standard and a silver standard? How

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are we heading for a silver short squeeze of biblical

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proportions all.

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Speaker 4: That, Let me know your thoughts. Put them in the

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comments below. Robert, always a pleasure, Thanks for stopping by.

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Speaker 1: Thank you so much for having me on Carrie.

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Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your

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00:21:17,039 --> 00:21:20,839
solution to today's trying times. For the latest, go to

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00:21:21,039 --> 00:21:27,279
Financial Survivalnetwork dot com. Financial Survival Network now more than ever,