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Speaker 1: The manufacturing demand is so strong and the supply is

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not there for it. But you know, it's not like

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we're going to stop building AI data centers. It's not

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like Tesla's going to stop building cyber trucks. That's going

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to keep going. So now it's a supply and demand

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issue in the physical market. We've anticipated this for a

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long long time. The recipe was there, it made sense.

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It was just a matter of when it hits. And

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I don't think anyone necessarily gets its twenty twenty five,

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but you know, then twenty twenty five silver takes off

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and no one can stop it.

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Speaker 2: You were listening to Carrie. Let'sa'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 in gift Financial

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Survival Network now more than ever.

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

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Survival Network. I'm your host, Carrie Lutz. Michael Aries is

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with us now. Michael, Hey, I know we're collectively popping

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the champagne corks. The run up in silver especially has

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been nothing short of stupendous, but nothing less forever. It's

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a parabolic move, so you got to be a little wary.

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Speaker 1: Right, Well, it depends depends on where we are in

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that parabolic move. So yeah, thanks again for having me back,

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Carrie love being here's Yeah, I guess it really depends

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on where we're at. If we're just out of the

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starting gate, they'll then hang on for the ride, you know.

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If we've made three or four laps, then be looking

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at okay, am I getting close to the finish And honestly,

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I think we're just out of the starting gate. I

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think this can go much higher. So people might say, oh,

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silver went from forty or fifty to almost ninety right now,

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recently it's like, oh, it's gone too high, it's gone

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straight up. I should probably sell some and well there's

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a way to do that that's beneficial. We were talking

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about trading silver gold before if you started at the

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right ratio. But even just thinking about getting getting out

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of metals or reducing our position, I just don't think

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we're there yet. We haven't fixed anything, not only with

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the money printing that's been going on forever, but any

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of our geopolitical issues, any of the supply issues. And

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that's been the big thing with silvery. There's there's we're

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using it up, there's not enough supply. Now we're catching

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up to the physical supply. So we haven't fixed any

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of the problems that are driving this move. So we're

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just we're just getting going as crazy as it seems.

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And you know, we got to look for some pretty

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significant changes compared to what we see now before we

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start saying, Okay, now now it's time to start selling.

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I think it's going to be much higher prices, higher

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triple digit prices before we get to the Oh, gotta

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gotta start, gotta start getting getting out of this before

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it drops.

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Speaker 3: Yeah, I'm inclined to agree with you. I think it's

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got a ways to go. But but what's happening with

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the paper metal market. It seems to me it's broken,

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and uh, it's not going to get fixed anytime soon. Yeah.

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Speaker 1: What's interesting to me, Carrie, is that the paper manipulation

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games that we've seen happen in silver aren't working anymore,

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Like they're literally ineffective. So I was here at mclvany

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Precious Metals in twenty eleven, when in May of twenty eleven,

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silver got to fifty for the second time in history,

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and the comics smashed it. They raised margin requirements like

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nine times in one week, so you know, got to

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fifty and then it was back down to thirty five

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within a few days, and it was crushing. But here

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they are this time now trying it again as silver

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went over fifty. I'm trying to look on the chart

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the other day. It was a few weeks ago, but

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the day it was getting around sixty two sixty three,

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big margin requirement change, big intry day, sell off, and

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then the next day ripping right back up, and it's like, oh,

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it's not working anymore. The paper games they play the

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paper market in silver where they naked short it manipulate

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the price down. It's not working, and there's too much

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of a need for physical for whether it's Samsung or Tistler, whoever,

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they've got to have it. They got to pay any

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price for it because they're not going to stop with

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their making and building, right, So the paper games aren't

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aren't working anymore. And now now it's you know, pushing ninety,

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and it's like, well, so much for them. Keeping it down.

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Speaker 3: Yeah, all right, that's like we had another margin increase

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last night, right, and again silver is up you know

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three bucks an ounce, yep.

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Speaker 1: Yeah, and we're getting these big swings too. It's hard

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to keep keep track of that when the range can

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be you know, ten dollars, you know, up one day

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and down two days later and then back up. But yeah,

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the margin, these margin hikes are not working. It's like, okay,

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what is it going to take to cause enough selling

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to push silver down, to overwhelm the buying pressure that

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there is. I mean when I look at the price charts,

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the buying pressure is crazy. You know, I watch this

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all day as I'm advising clients and and doing trades

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for clients, and you know, every little drop get gets

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bought and it shoots back up and then drops again,

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boom gets bought and drops it. And it's been doing

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that for months. There's so much buying pressure it's crazy

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and it's not stopping. And now there's so many support

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lines on the price charge, so it's like what what

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what can they do to push it down? What can

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the paper market do to push it down? There's just

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every opportunity gets bought up now.

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Speaker 3: Well, so I've heard some people talk about force masure.

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Do you think that's a possibility here.

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Speaker 1: I think it's a very good possibility. I just don't know.

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I mean, I can't predict where it's going to come from,

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when it's going to come from. But yeah, if you're

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talking about you know, something like that where you know,

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someone asks for delivery and it's not there and suddenly,

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you know, some big exchange has to go get it

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wherever they can find it and pay whatever price they

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have to pay for it. I mean, we're definitely in

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an environment where that could happen, whether that's now or

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whether that's you know, when silver gets to one hundred

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and fifty dollars an ounce. You know, those are the

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kind of things we talked about years and years ago

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when silver was still twenty and it's sort of you know,

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you're sort of imagining off in the future and like, oh,

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this could happen. The elements are there, you know, now

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in this environment, it's like, yeah, that could happen tomorrow.

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Could that could easily happen? So who you know, who

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knows when or how, but the situation is right for that,

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you know, some big player, you know, some manufacturer needs

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so much silver, they take, they go to get the

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delivery their contracts and there's not enough. Yeah, who's going

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to sell it to them? What price are they going

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to have to pay?

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Speaker 3: Yeah? Well, and then you have no price discovery at

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the COMEX anymore. And then it really becomes a physical

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only market, right.

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Speaker 1: Yeah, I mean that's what it's turning into. I think

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that's why the price is going up like this. It's

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the manufacturing demand is so strong and the supply is

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not there for it. But you know, it's not like

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we're going to stop building AI data centers. It's not

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like Tesla's going to stop building cyber trucks. That's going

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to keep going. So now it's a supply and demand

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issue the physical market. We've anticipated this for a long

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long time. The recipe was there, it made sense. It

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was just a matter of when it hits, and I

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don't think anyone necessarily guessed it was twenty twenty five.

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But you know, then twenty twenty five, silver takes off

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and no one can stop it because yeah, we need it,

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we need it for AI, and there's not enough to

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go around. That's just not like a big pile sitting there,

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everyone goes to it. It's not like a big pile

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of gravel at the you know, landscape store. We're just,

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you know, go take another shovelful, like it's not there.

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Speaker 3: Do you think they'll confiscate or expropriate at some point?

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I hope not.

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Speaker 1: I tend to want to be one of those that

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doesn't think that that'll happen, that that we'll get there.

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Certainly the ingredients are there for that as well. There's laws,

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there's precedent, there's need for it. I mentioned it in

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a webinar I did for clients recently that yeah, the

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the US put it on the Critical Minerals list just

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in November, so certainly the possibility is there. I hope

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it doesn't get to that. I hope we don't have to,

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you know, barter with it or hide it or whatever,

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try to sell it somewhere else in the world where

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we can actually get our money out of it. But

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it's certainly possible, but I would think that it's not

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beneficial enough to do that quite yet for the government,

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and they'll still let it trade freely. But I don't know,

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I don't know. I guess we need to be prepared

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for anything.

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Speaker 3: Yeah, well they've done it before, and unlike last time,

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which was purely for monetary purposes, this time they would

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use national defense and basically shortage and the need for

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weaponry for AI for everything. And we both know there's

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no substitute for.

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Speaker 1: Silver, right right, Yeah, yeah, we can't use copper, we

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can't use other things, the applications for silver inelectronics, there's

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no replacement for it. So we have to have it.

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And now China's restricting exports of it. They're the biggest

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refiner and one of the biggest miners, and we're entering

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this Cold War two point zero, you know, after we

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went into Venezuela. You know, we're trying to assert our

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authority in the region and as you know, China had

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been trying to get in there, and so there's this

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new Cold War going on. So yeah, of course we're

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we're gonna need it for defense purposes and build up,

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and China's restricting it. So yeah, it could get to

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that point, or it could just get more and more expensive.

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As you know, you've got a new player in the game.

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You've got the government buying it up for everything they

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needed for and still again not enough to go around.

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Speaker 3: So all right, so what are you supposed to do here? Like, obviously,

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when you see silver nearly triple and the gold going

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so much higher, people you're going to be wary of

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putting more money, worrying that you're catching the top. Right.

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Speaker 1: Uh yeah, I think I've had a lot of folks

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that are wanting to get on the trend and not

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miss it, and they're still buying now. Some that have

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wanted to sell when it's high like this. But I

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think a couple of things carry one. I think we're

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going much higher. I think we can see two hundred

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three hundred dollars silver. I don't know when. I'm not

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going to make timing predictions, so whether it's next year

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or this year, we can see multiple triple digit silver.

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So it's not too late to buy. It's just a

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matter of hanging on for the ride and whatever price

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volatility we go through. Second, for anyone that has bought

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previously and has big gains in silver, really anytime in

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the last five years that you've bought silver was a

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much higher price ratio to gold, and now at this

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point you can trade your silver for more gold than

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you could have bought originally if you'd bought gold, so

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capturing some of this over performance in silver, capturing some

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of those profits in gold and in free ounces of gold.

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So still keeping your precious metals position, having that wealth protection,

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but also reallocating taking profits out of silver, having less

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volatility in gold is a great way to do it.

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So if we still see silver go to two hundred, great,

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keep some of your silver, but you know, don't sell

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it now and then wish you had kept it.

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Speaker 3: But trade a portion for gold.

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Speaker 1: Get some free ounces of gold if you started, you know,

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anytime in the last few years when the ratio is

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eighty to one or one hundred to one. Now at

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fifty to one, yeah, trade it for extra free gold.

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So reallocate a little bit, keep your precious metals position,

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lock in that over performance in free ounces, and still

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hang on for the ride. Because again, we haven't fixed anything.

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This isn't I don't think the end of prices are

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the end of the trend. Be prepared for volatility and

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sell offs. Maybe some resistance points here on the price chart,

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but we're not done overall. I don't think.

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Speaker 3: All right, Well, that's pretty much my take on it

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as well, And so if you're not in it, you

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need to get in it now, maybe because you might

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not have the opportunity later. And hey, if the government

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goes knocking on everybody's doors trying to get their silver,

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they're obviously going to be paying a huge premium over

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whatever we believe the physical price is.

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Speaker 1: Right, probably hopefully.

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Speaker 3: Yeah, all right, So how do we find you? How

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do we connect with you? Read your work Michael?

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Speaker 1: H Yeah, if you go to mcelvany dot com, forward

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slash Michael mcilvanny's mc a l v a n y

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mckelvaney forward slash Michael, or just call or text me

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nine seven zero four five nine four six one one.

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I'm available to chat and advise and answer questions and

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help folks navigate these markets.

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Speaker 3: Excellent. Appreciate you. Coming on. I've got a question for

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Michael myself. Shoot me an email and it's kl at

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carrie lets dot com. Make sure you go over to

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the substack Financial Survival Network dot com or Kerrie Lets

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dot com and subscribe so you get the latest info.

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Really appreciate you being with us, Michael. We'll talk to

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you again soon.

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Speaker 1: All right, Thanks, carry appreciate it, Thanks for listening.

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Speaker 2: To Carrie Let's's Financial Survival Network your solution to today's

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trying times. For the latest, go to Financial Survivalnetwork dot com.

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Financial Survival Network now more than ever,