Speaker 1: I see gold going a lot higher this year, silver
the same. So silver's all time highs roughly fifty dollars
an ounce. It's still around thirty four, so it still
needs a fifty percent game to get back to those
all time highs. But it's common.
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Speaker 3: And welcome you are listening to and watching the Financial
Survival Network. I'm your host, Carrie Lutz. Alan Hibbert is
with us now Goldsilver dot com. Alan, Hey, it's been
a few months, but a lot has happened during those
few months, hasn't it.
Speaker 1: Yeah, thanks for having me back, Kerry, appreciate it. There's
a lot to discussed in gold and silver.
Speaker 3: Right, so record high prices now, it looks like maybe
we're due for a little pullback. That wouldn't be surprising,
would it.
Speaker 1: No, I mean there's always pullbacks in the market, But
I mean if you're the type of investor that I am,
you zoom out and you look at the big picture
and you don't worry about the day to day noise.
So I see gold going a lot higher this year,
Silver the same. So silver's all time highs roughly fifty
dollars announce, it's still around thirty four, so it still
needs a fifty percent gain to get back to those
all time highs, but it's common maybe in the next
year or two.
Speaker 3: Right, and hey, Eric Sprott thinks we're looking at three
hundred dollars three hundred dollars silver. I mean, I'd love
to see it, but I think that's possible.
Speaker 1: Well eventually, Yeah, it depets how long you're willing to wait.
So a lot of silver stackers have been waiting decades
right for these prices. So if you're willing to wait longer,
I mean, you could see those prices be realized. And
something that just happened, either earlier today or yesterday was
robin Hood stopping trading of PSLV. So speaking of sprot silver,
Robinhood traders can't buy into that silver etf anymore. And
I haven't had a chance to look beyond the headlines.
But it seems suspicious to me that something like that
would happen at this point in the market when there's
potentially a run on physical silver. So that does seem
a little excuse me, that does seem a little suspicious.
But perhaps there's a benign explanation there. So I guess
we'll see.
Speaker 3: All right, somebody plugged it into chat GPT and basically
is it being manipulated and how is it being done
and why? And I'm going to plug it in right
now and let's see if it changed its mind. But
there is no public, verified evidence proving illegal manipulation. That said,
there are legitimate concerns about silver price manipulation in general,
and since PSLV is a physical silver trust, any manipulation
of the spot price of silver would naturally impacted. But
there was a huge spike in the short position in PSLV,
and you know, it was like somebody sent me a
chart of it. It was huge. Let's just say, is
there a huge spike in ps LV shorts?
Speaker 1: That's what I saw.
Speaker 3: The chart was like it was like five hundred times.
Speaker 1: Alan no gez Okay, Yeah, I didn't see that chart,
but it wouldn't surprise me.
Speaker 3: Alic like you couldn't believe, so let's just ask it.
And because it knows all right, it's like the old
Johnny Carson character, all knowing, all seeing profit there.
Speaker 1: It does make mistakes, though, keep that in mind, like
if you ever ask it about a topic that you
know really well, you will spot errors pretty pretty easily.
Speaker 3: That is true interest. Right in ps LV I saw Now,
I don't know what it means, but it was like huge.
Now it says there's a decline. I don't know what happened.
I'm going to look up that email. But the point
is something's going on with PSLV and will a short
squeeze a result. I don't know.
Speaker 1: Yeah, it sort of looks like it's playing out if
you look at the other signs and symptoms in the market.
And it's not just sober, by the way, it's also gold.
So there really seems to be a run on both medals,
you know, both physical metals, and like going back to
the question of you know, is are these markets manipulated
or you know, is there illegal activity going on? If
you just think about the fact that paper contracts exist,
futures contracts, and there's more futurest contracts than there are
physical we know that that's public information. It's not controversial
or conspiratorial. If there's more paper ounces than physical ounces,
the market trades as if the supply were a lot
bigger than it really is. And if you know basic economics,
whenever the apply goes up, that's going to effectively bring
the price down. So just by having extra paper ounces
of gold and silver, the price is going to come
down below what it otherwise would. So that might not
be illegal, that might not be conspiratorial, but just that
feature of the market alone causes the price to be
a lot lower. Now, are there other illegal activities that
go on from time to time? I'm sure there are.
You know, just a few years ago a couple of
traders at JP Morgan went to jail for manipulating the
gold market. But in terms of at any given time,
who's doing illegal things or not, I have no idea.
That doesn't really enter into my investment thesis. It's just
that it's just that any time that there's a run
on the physical metal, you're going to see the markets
unlined and shoot up the way that we're seeing right now,
And there doesn't have to be any malicious intent going
on that's just basic supply and demand.
Speaker 3: Here there's an article in Seeking Alpha seven days ago.
Is PSLV being shorted to stop a silver squeeze? You know,
like I knew, I didn't make this stuff up here, Ellen,
you know, I mean it's really happening.
Speaker 1: Here, Yeah, it is for sure. Well, I mean everyone
has their agenda, right. Some people want the price to
go up, others want the price to go down. We know,
the governments and central banks and all their counterparts, they
have an interest in metals prices being lower because then
people don't pay attention to them. They focus more on
the dollar and the whole Fiat system and playing that game.
Whereas when the price of these medals is high, people
pay attention to gold and silver and they start asking
questions and they say, you know, is the gold in
Fort Knox? And why do we even care about gold?
And you know, is the dollar backed by gold? And hmm?
Are these things really money? And that's that's not good
if you're trying to control people.
Speaker 3: I'm glad you brought that up because I wrote an
article on what would happen if the gold wasn't in
Fort Knox? Like Elon Musk and Donald Trump you know,
they take air first one out there to Kentucky and
they go in the place these huge vaults where you
saw like a goldfinger all that, and then there's nothing there.
So my point being that they can't allow there to
be nothing there because I think it would collapse the
entire global financial system exactly.
Speaker 1: You have all kinds of riots, civil war. I mean,
it would be you can't predict how people are going
to react. That's too volatile of a risk, so you
can't let it happen. So if you're going to do
an audit, you have to know ahead of time that
everything's there, everything checks all the boxes, and then you
can have a controlled response. So I agree. I haven't
read your article, but I agree with your thesis there.
We'll throw a link in the show notes to it.
Speaker 3: But it would be a disaster. Maybe they could figure
something out, but the credibility of the government would be
hugely diminished. It would affect the dollar, and it would
certainly affect the treasuries out there. It would be a nightmare.
So I talked about this with Craig Hamke and we
both agreed, regardless of what's happening there, there will be
some semblance of gold there as far as the human
eye could see. In fact, they'll count it and they'll say,
you know what, we were off by ten percent. We
have nine thousand tons, not eight thousand. You know, something
like that will happen. I guarantee it.
Speaker 1: Yeah, we have more than we thought. Oh where did
this come from? Oh well, I guess it's ours. I'm
error right, Yeah, it could happen. I doubt it, but
it could.
Speaker 3: You know, Like last year alone, PSLV was up thirty
six and a half percent, you know, so it wasn't
a bad year for metals. But I think we're kind
of due to take a breather, barring any unforeseen disaster.
Speaker 1: Yeahs around the corner, it could be. I mean there's
always ups and downs, and thankfully I've developed a strategy,
you know, for my own personal investing where the little
ups and downs don't matter. I mean, for most of
that is noise, in my opinion. Whenever I buy something,
I'm planning on holding it at least a decade, probably
multiple decades. So yeah, I just accumulate little by littles,
and if the price stays low, that just means I
can accumulate more. And if it goes up, well great,
it like, you know, temporarily feels good until the next pullback,
and then I say, okay, well nothing really changed in
my portfolio. I still have the same number of ounces
I had before. So yeah, just the nominal dollar value
has gone up. So I guess the deal is, do
you buy now, do you wait for the pullback?
Speaker 3: What do you do?
Speaker 2: Well?
Speaker 1: I buy a little bit every month, no matter what.
So that that, to me, is the simplest way of
doing it for people who want to get a bit
more exotic. I mean, you run the risk of you know,
if there isn't a pullback, then you know you're going
to pay more for whatever you buy. So I tried
to do that in the past, and I realized I
wasn't very good at anticipating these day to day, week
to week movements. There's just it's just too hard for me.
Maybe other people can do it, but I just buy
a little bit every month and then I take my
own skill out of it.
Speaker 3: Yeah. Yeah, well that's it. That's it. So what about
cryptos what you're feeling here?
Speaker 1: Like?
Speaker 3: Talk to one analyst who said that crypto is so
multi leveraged, you know, by different parties, and then they're
putting together ETFs because people can't afford to buy cryptos,
so they're buying ETFs, and it's just going to be
this cascading chain of failures if somehow the market loses faith, Yeah.
Speaker 1: That definitely could happen. So when we talk about the
crypto market, the first thing I like to do is
clarify that bitcoin, in my opinion, is different than all
the other cryptos. So these are two separate things. So
I look at bitcoin like digital gold, and gold is
you know, different than the stock market. So I would
I would separate gold from all the stocks of the
world the same way i'd separate bitcoin from all the
other cryptocurrencies of the world. So all those cryptos are centralized,
just like stocks, right, they have a management team and
they're trying to create partnerships and create useful products and services,
and that works that that people can do things with,
whereas bitcoin is sort of like a dumb rock, sort
of like gold. It just sits there and it's easy
to dismiss it as being slow and heavy and worthless,
but in reality it's a store of value. So I
think it's the unsexy pick you just buy it and
it sits there and people say it has no use case.
But the use is it stores your value. So yeah,
it's it's not going to do anything on a minute
to minute basis. It's not going to travel around the
world doing smart contracts and you know, blowing all kinds
of bells and whistles. So all these all these other
cryptos on the other hands, you know, some of them
might have awesome use cases. They might do fantastic things,
but they might crash and burn and all the products
built around them, whether they be ETFs or I c
o s or NFTs or you name it. You could
make money. You could make a profit, a fiat profit,
you know, playing these games. But I would encourage people
to stay very far away from all of them. It's
it's worse than gambling. Like it's it's way worse than gambling.
You could get rich, but you're probably going to go broke. Yeah,
I couldn't agree with you more so. Yeah, like bitcoin,
at least, unlike gold, you don't have to bury it
in the ground, right, Yeah, exactly. You can put it
in a cold storage device. It looks like a USB drive,
you know, if it's in the palm of your hand,
and you could put that wherever you want, you know,
in your sock drawer or in a desk drawer, wherever
it doesn't does have to be in the ground. It's
very very easy to keep track of these things and
put it somewhere convenient, all right, All.
Speaker 3: Right, So any more advice for those listening or insights
where you should be buying it, what kind of gold
you should be getting? What's your feelings now?
Speaker 1: Yeah, Well, with any of these investments, whether it's gold, silver,
or bitcoin, I would strongly encourage people to take physical
delivery quote unquote. I know with bitcoin obviously it's digital,
so it doesn't really make sense to take physical delivery.
But the analogy in the bitcoin space is to hold
your own private keys. So wherever you get your gold
sol or your bitcoin, make sure you have it in
your possession. So if you can, if you can hold
it in your hand, if you can touch it, then
you've got it right and nobody else, nobody else owes
you something after you have it in your hands. And
so with bitcoin, take your private keys. With golden silver,
take physical delivery, keep it somewhere safe, and then after that,
once you have your your base position, established, then you
can start maybe maybe doing ETFs or other sort of
digital or paper promises.
Speaker 3: All right, I like it, all right, So Goldsilver dot com.
How do else do we find you on the web? Here?
Speaker 1: Oh, you can follow me on Twitter or ax at
Alan Hibbard. Otherwise, yeah, goldsilver dot com and the Goldsilver
YouTube channel.
Speaker 3: Great, and the links in the show notes of this
interview on Financial Survival Network dot com. Just ask when
you go there, please sign up for our free newsletter.
Like plus seventy five thousand other FS members have Alan,
We will talk to you again soon.
Speaker 1: Thanks for stopping by. Hey, thanks so much, thanks.
Speaker 2: For listening to carry Letz's Financial Survival Network, your solution
to today's trying times. For the latest, go to Financial
Survivalnetwork dot com. Financial Survival Network now more than ever,