Speaker 1: The way that the cost of energy and AI everything
just ramping up so quickly. I said this, people laugh
at me. I think silver don't be shocked if it's
if it's hitting close to two hundred dollars an ounce.
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Speaker 3: Ever, and welcome. This is Financial Survival Network. I'm your host,
Carrie Lets. It's October fourteenth, twenty twenty five at Sidela
is with us on the show. Ed's great to have
you back on. So we've got a little We've got
a little volatility going on here, don't we.
Speaker 1: You know what, not a surprise, just a a little pullback.
We were expecting it, honestly, we were expecting it a
little bit sooner. But yeah, we think the market's going
to rally by the end of the year. It's investors
are resilient. When I woke up this morning, we're just
talking about this. Before we went live the market, the
Dow was down, you know, five hundred and fifty points,
and now it's down just literally, you know, less than
fifty points. The Nastack is only down one percent or less,
so you know it's it's going to continue to bounce back.
Speaker 3: Well, the real story has been precious metals here, Let's face.
Speaker 1: It, absolutely absolutely, And I've been a lover. I've been
a gold bug forever, but I have been a lover
of gold and precious metals for a long time. And
we're not I still don't think we're even close to
hitting the hives.
Speaker 3: Hey, well, look what's happened with silver. I mean we
put first put out our prediction back in May when
it hit thirty two bucks. We knew at that point
this is it broke thirty five, you know, yesterday, broke
fifty three. Today a little bit of pullback, but even
with the pullback action, it's not even near trading at
its session lows.
Speaker 1: Yeah. Absolutely. One of the things that we continue to
look at is, you know, are the uses of silver? Right,
So we we have chips, you know AI. You know,
it's because of the conductive connectivity and why it's so
important but also the one thing that people aren't thinking about.
It's it's munitions. I mean each Tamahawk missile. I've been
saying this and I actually looked it up. I was like,
I just want to double check and make sure. I
thought it was between thirty five to forty ounces per
estimated per Tomahawk missile. It's three hundred and fifty to
four hundred ounces Tamahak missile.
Speaker 3: There's a lot of debate. There's a debate about that
because they're okay, all right, majority of the silver. I
looked it up too, because somebody told me five hundred
the majority of the silver is in the batteries. Uses
a whole bunch of batteries and they have to sit
around forever, which is why silver batteries are the best.
And I heard I looked it up on AI and
it said eighty ounces. But nonetheless, even if it's one
hundred ounces, that's one hundred ounces that gets vaporized, that
never gets seen again.
Speaker 1: Right, Absolutely, you're absolutely correct. And the way that the
cost of energy and AI everything just ramping up so quickly.
I said this, people laugh at me. I think silver.
Don't be shocked if it's if it's hitting close to
two hundred dollars an ounce over the next couple of years,
it would not surprise me. I truly believe, probably over
the next twelve months, I would not be shocked if
we see eighty dollars an ounce for silver.
Speaker 3: Oh yeah. Martin Arnstrong called it quite a while ago.
I called it. Eric spot for years has been saying
three hundred dollars silver, and everybody was looking at Eric
like he was delusional. And now Eric doesn't look so
delusional anymore. Rick Rule said that the hedges, the people
are running sophisticated silver hedges.
Speaker 1: We're going to have a religious experience here. That does
not surprise me. It really doesn't. And and gold is
right there too. You know, would you look at gold again?
You know, the devaluation of the dollar, you know, bricks
is really kind of stepping up in China's pressure towards
the US dollar in the economy. People are looking for
that safe haven, and you know, I think it's gonna
go way north of five thousand. I would not be
shocked if we hit seventy five hundred dollars an ounce.
Speaker 3: I mean, neither mean neither, I think Martin Armstrong said,
once it hits five, it'll hit ten quicker than he
really okay said on my show a couple of weeks ago,
it hit once it hits five, it'll hit ten quicker
than Miley Cyrus can tork across a stage.
Speaker 1: Boy, If that.
Speaker 4: Doesn't put it in perspective, right, Yeah, but you know,
like seriously, you know, we're in these really wild times
and at the same time the dollars steady or even
rising a little bit, and the stock market's going up.
Speaker 3: And that's the tell, right that people losing confidence in
bonds and in the U, in the economic system.
Speaker 1: You're absolutely right. I I've never it sounds weird. I've
never been a fan of bonds, right buying buying someone
else's debt. Right now, it is a strategic play in
our portfolios because as as rates go lower, it's a
great hedge.
Speaker 3: But just like anything else, you know, you it's buyer beware,
it's you.
Speaker 1: You've got to be really careful what debt you're buying,
because that's really what it is. Uh And and if
you're not careful with these bonds, they're gonna lose value
in a heartbeat. So I think we have a very
narrow window in which that's a that's a decent play,
and people are looking at that. This is why they're
they're looking for alternatives. And I'm not just talking about
precious metals, but we're also looking at the crypto space too.
We saw pull back right with with bitcoin, uh and
x RP, as well as etherean and obviously some of
the smaller, smaller, not as well known ones. But but honestly,
it's it's a it's another hedge. My fear is, which
again goes to precious metals, is that you know, anytime
we see a digital currency, there's presumptive control. Right at
what point in time you know that this blockchain, you
know how who's actually controlling it? And and do we
truly have full access to our money? So that's uh,
going back to Casius King or you know, this is
why like gold.
Speaker 3: And silver, he's one of my favorite, one of my
best friends, Cassius King.
Speaker 1: Yeah, the guy had his baseball card.
Speaker 3: I'm not sure. Wasn't he a box or Cassius King?
You was?
Speaker 1: He was at a Louisville that's right, but.
Speaker 3: You know, but in seriousness, the situation is serious. They're
going to cut rates if employment starts to really deteriorate,
they might cut them faster. But the AI, to me,
it's the same thing as in the late nineteen nineties
that the economy was heading for a cliff. Yes, so
he realized it, and then the dot com boom occurred.
And while the stocks and all that, you know, Wall
Street doing what it does, which is hyping and selling,
you know, basically selling air in a balloon. Of the
reality is that the Internet upgraded our productivity as a nation,
as a world and really was stimulative and revolutionary for
its time. Now we just take it for granted. You
think AI is going to do the same thing.
Speaker 1: Yet people are are petrified a change. I mean to
your point with the Internet, I mean that was huge
and people were fearful. And when we look at consumer
sentiment that came out last Friday, it was down a
little bit but basically unchanged. Uh. But you know, everyone's
focusing on jobs now as as well as you know, uh,
prayers is at the grocery store, which are valid and
don't get me wrong, but really I think people are
fearful of AI taking their jobs in the future. Now
we don't know what that's going to look like but
just like anything else, you know, if if things are
done right, which you know partially they could be, we're
going to benefit as as a society. But we have
to be really careful as to you know that AI,
who's controlling it, how it's unleashed, and in all of
these other things going forward. But I think in the
near term it's going to provide a huge benefit for
the country. Now, you know, going back to the dot
com bubble, I agree completely what the scary part was
back then you had all of these companies that had
zero value. They lost. E Toys is probably the greatest example, right,
I mean they were, you know, ten times their market
cap of their next closest competitor competitor, which was Toys
r US. But they had negative sales every year of
close to thirty million dollars. And then obviously everyone knows
the story, right E Toys went out of business, Toys
r US bottom and now Toys r US is out
of business because they didn't believe in the Internet and
e commerce and everything else. So there's a I think
a couple of stories in there to learn from.
Speaker 3: Yeah, you know, it's so interesting you look back at
all these companies that were household names and now nobody
even remembers them, you know, the Blockbusters all in that stuff,
and the technology did away with them. And you know, uh,
if you're an analyst here and let's face it, your
days are numbered. Yes, you've got to really use AI
like no one has ever used AI before to really
stay relevant here because otherwise I can just ask chat
GPT and then I could go to five other ones
and I can build a portfolio through AI that you know,
it's going to be better than a random walk in
the park, you know, than throwing darker absolutely right or yeah?
Speaker 1: And and so then you have to decide, right, what
is the value proposition? You know, is it just the
return or what else comes along with it? You know
what what what value is your analyst, your advisor, you know,
bringing to the table, Because that that's a real concern.
In four or five years, things are going to change
in light speed. It's it's going to be before we
know it. And what's that going to look like? So,
I mean we're seeing it in Hollywood, you writers in
they're doing their first fully AI animated movie with no
actors or anything. Now we're having these songs. I guess
these high school kids. Well got that song and it had, however,
many tens of millions of views and was number one
in the world and it was all fake.
Speaker 3: Hey, and you got all those political fakes there. Oh,
I got so absurd. They're so absurd that you know,
nobody in their right mind would believe them. But you know,
it doesn't really matter how absurd they are. Somebody is
going to get upset, right, Well, that's the whole point,
absolutely so. So yeah, I mean I don't fear AI
because for me, it's making my my work easier, more effective,
way more productive than I've ever been in my life.
But if you're not in that particular niche, you got
issues with it, right.
Speaker 1: Yeah, if you're looking at the wrong way, right, if
you're looking at it like we are as leverage right now,
it's it's a phenomenal tool. I mean, that's really it
depends on how you're looking at it. You know, you've
got to are you a glass half empty half full?
I'm just happy to have a glass kind of a guy, right,
you know, that's that's that's the key.
Speaker 3: Yeah, yeah, I love it. Well, a technology change, this
is just accelerating the pace of change human beings for
the most part, aren't really wired, aren't really set up
for rapid change NonStop. You can deal with periods of change,
but you can't deal with a lifetime of change. And
I think that's what we're facing. I think that's what
the challenge is. It's portfolio and you know, do you
want to own the AI center, the company that builds
the AI center, or do you want to own the
company that sells them the electricity? Well, the potential returns
for the AI center might be you know, explosive of
but the the company producing the juice to feed the
AI that one's like, that's a guarantee, right absolutely?
Speaker 1: Or why not have a balanced portfolio and include everything
that's arounds AI. I mean, that's that's really the key.
Speaker 3: Yeah, so that.
Speaker 1: That way, excuse me, whether it's energy related, transportation, I mean,
there's so many facets related to AI. People are so
focused on just the chip And don't get me wrong,
obviously that's that's done very very well over the last
couple of years. But energy, I mean I think that
that's that is going to be the home run over
the next couple of years that people just aren't even
thinking about yet.
Speaker 3: I couldn't agree with you, mark Ed, tell us where
we find you, how we connect with you, learn more
about what you're doing.
Speaker 1: Absolutely, you can reach us at eg SI financial dot
com or on Spotify the Retirement Trainer and Yeah, just
reach out and we'll be happy to answer k any
of your questions on our block.
Speaker 3: You got it all right? Hey, you got any questions comments?
Klatcarrie LUTs dot com. Link will be in the show
notes to this interview on Financial Survival Network dot com.
We're no longer running our own separate website anymore. We
trashed it. We're on substack. Best move I ever made,
and I hope you all like it. Sorry, we're not
aggregating all the content that we used to, but Google
made that approach really not viable anymore. I know a
lot of you out there miss it. But the good
thing is anytime I produce anything, you get an email,
you click that link, and you're watching or listening to
or reading anything that I produced. So the whole ecosphere
is wonderful. Ed great to connect with you. We will
talk to you again soon.
Speaker 1: Thanks, Gerry, I appreciate it.
Speaker 2: Thanks for listening to Carrie Let's's Financial Survival network your
solution to today's trying times. For the li go to
Financial Survivalnetwork dot com. Financial Survival Network
Speaker 1: Now more than ever,