Speaker 1: But yeah, I mean, I'm expecting gold to perform very
well for the next few years. You know, we're on
pace to I did the calculation a few days ago,
but I over thirty percent. Get over a thirty percent
return this year, and gold might be thirty five percent,
which is basically going to be its best annual return
since nineteen seventy nine.
Speaker 2: You were listening to Carrie Letz's Financial Survival Network where
you get valuable information. You just can't find anywhere else
to thrive in today's trying times. You need the Financial
Survival Network now more than ever. Go to Financial Survivalnetwork
dot com and get your free newsletter and gift. Financial
Survival Network now more than.
Speaker 3: Ever, And welcome you are listening to and watching the
Financial Survival Network. I'm your host, Carrie Letz. Another day,
another record for Gold. So why not go over to
Alan Hibbertgoldsilver dot com. Allen, great to have you back
on the shows. So when does the fun? Is the
fun going to get pick up even more?
Speaker 4: We're going to see.
Speaker 3: Higher highs or are we going to get to a
point where we're going to have a pullback?
Speaker 1: And if so, when you think that's going to be Yeah, hey, Kerry, well,
thanks for having me. Yeah, we are having fun already.
I think there's more fun in store, certainly for anyone
holding gold and silver. You know another question, that's that's
probably going to pick up soon. It's very hard to
put a timeline on that, but yeah, I mean, I'm
expecting gold to perform very well for the next few years.
You know, we're on pace to I did the calculation
a few days ago, but I over thirty percent, get
over a thirty percent return this year, and gold might
be thirty five percent, which is basically going to be
its best annual return since nineteen seventy nine, and in
that year it more than doubled. It had over a
one hundred percent return in nineteen seventy nine. So gold
is performing very well and it doesn't look like we're
at the end of the bold market yet. And of course,
this is all coming from tremendous global uncertainty. Like you
can name just about any country on the planet and
it has some form of crisis or more than one.
Speaker 5: So I think it's going to continue.
Speaker 1: Very hard to put a price on the stopping point,
or a date for that matter, but I think we've
got a few more years and a lot, a lot
of percentages to go.
Speaker 3: All right, So let's talk about silver. The party is
just getting started for silver. We broke thirty two bucks.
Thirty five seems to be the psychological number that we've
got to hit, and we got to stay above it
monthly close over thirty looks like it's baked into the
cake for September.
Speaker 1: When is the party getting started for silver? Yeah, that's
everybody's question. People haven't want to drink that for years. Unfortunately,
it's been it's been a tough stretch for silver holders.
And remember, I'm sure anyone holding silver knows this, but
you know, the all time high for silver is you know,
around fifty dollars, which has happened twice, you know, in
nineteen eighty and then again in twenty eleven. So, I mean,
there's this tremendous energy built up in silver that this
forty four year cup and handle pattern, and investors have
been waiting like when am I going to see you know,
nominal gains for that matter, for anyone who bought at
the top, but certainly the inflation adjusted real gains. I mean,
there's just been so much pressure built up in the
silver market, and I think it's coming very soon. For
the last three and a half almost four years now,
we've had a structural deficit in the silver market. So
the demand for silver for industrial uses and monetary uses
has exceeded the available supply, So we're consuming more of
the silver than we're digging up out of the ground. So,
since it's obviously a physical metal, you know, eventually you
run out of it, and as you get closer to
running out of it, supply demand forces takeover and you've
got to pay more for the silver that's left.
Speaker 5: So we're seeing that happening now.
Speaker 1: It is playing out, and of course the percentage games
on silver are pretty impressive this year, around the same
as gold actually so, so it is already taking off
a little bit. It's just so far suppressed from its
all time highs that not many people are paying attention
to it. But when it takes off like a rocket,
people will, and that's coming soon. So what's what's your
target number for silver? I try not to do target numbers,
but they also have to be they also have to
be accompanied by a timeline, right, otherwise they're kind of meaningless.
So I mean, I could say, you know, silver's going
to one hundred bucks, but the question is when. And
you know, I do think it will hit one hundred
dollars eventually, but you know, in order to triple from
where we're at, boy, how long does that take?
Speaker 5: A few years?
Speaker 3: Eric Sproat says three hundred dollars silver, and I learned
never bet against Eric Sprott potentially the next Elon Musk.
But in terms of total financial wealth, when all of
these bets that he's made over the past several decades
start to pay.
Speaker 4: Off, which I believe they will.
Speaker 3: But you know, they always say, if you want to
be a successful forecaster, you could predict what's going to happen,
or you could predict when it's going to happen, but
never do both of them together because then you're going
to be wrong.
Speaker 1: Right it wall exactly, Yeah's exactly it. And keep in
mind that when we forecast these prices, I mean, we're
making forecasts just as much about silver or gold as
we are about the dollar itself. So it's it's just
it's as much a question as you know, how many
dollars are they going to print? Are there are those
dollars going to flood back into the financial markets or
are they going to sit on balance sheets? So yeah,
I mean it's it's it's a multifaceted question. And you know,
if you're going to ask like should I own dollars
or you treasuries or silver or gold? I mean I would,
you know, as I do. I own gold and silver
and not so much of the other stuff. So that's
sort of an easier decision.
Speaker 3: And that's just wait, wait, wait, waiting, you know, like
the song goes Tom pet The waiting is the hardest part, right,
that's right? And how long do you wait? And when
do you sell? Because all markets, I don't care what
they are, eventually they go right. When they go parabolic,
then eventually they're going to go down, right, yeah, exactly.
Speaker 1: So what's nice about gold in particular is it forms
this really nice rounded bottom and that it goes up
like a rocket. And that's sort of the pattern that repeats,
and those those rounded bottoms can take, you know, twenty
years of playout like it did from nineteen eighty to
two thousand, but there is that sort of like nice
predictable pattern to it. And when it does take up
like a rocket, okay, that's the time you sell. I
don't think we're quite there yet. I think we have
a few more years. But the question is, you know,
when you sell, where do you put your capital?
Speaker 5: It's got to go somewhere.
Speaker 1: And so to answer that question, I like to look
at the Dow goold ratio or similar ratios like that,
and when the dowgold ratio is really high, that means
the Dow has overperformed. So that's the time to sort
of get out of a Dow or get out of
stocks in general, and get into gold. And then when
that ratiow comes back down, that's gold outperforming the Dow
or outperforming stocks in general. And when that ratio sort
of bottoms or gets close, that's when you sell your
gold and get back into stocks. So that's sort of
the move I'm going to make. It takes, you know,
a decade or more for the ratio to move a
single direction, and then a decade or more for it
to move back, so you might be able to play
it two or three times throughout your investing career. So
that's my plan at least right now. Maybe something will change,
but you know, that's when I sell, is when that
ratio gets out of whack. And then sort of convert
my capital from one to the other.
Speaker 3: Okay, I'll buy it, I'll buy it, all right. I
remember guest on the show Beiederman. I can't remember his
first name, might have been Charles Biederman, and he said
that at the time, right now, silver is the worst
investment in the world, but one day you're going to
wait up and silver will be the best investment in
the world. What do you think about that statement?
Speaker 1: Yeah, I mean that's definitely how silver moves. It's extremely volatile.
So if you held if you held silver in the
nineteen seventies, that was the best performing asset, better than gold,
no question, and golded twenty five acts. So silver was
something like forty x. I think it moved from a
dollar twenty nine to over fifty dollars, like fifty two fifty,
so whatever that is. So it was the clear winner
for ten years. But then if you held it for
the next forty four years, you're still down. You're still
down for forty four years, so you'd be kicking yourself.
And you know, I'd love to meet the people who
have been holding for forty four years. What is their mindset?
You know, how do they still love it? Or are
they just you know, psychologically destroyed.
Speaker 3: I think those people who've been holding for forty four
years probably they got buried with their silver exeterally.
Speaker 1: Yeah, yeah, exactly, it's possible. So I think that statement
is pretty good. I mean, and it does sort of
capture the essence of silver that it has these absolute
moonshot periods and then you just want to get out
and stay away from it. So I do expect something
like that to happen soon. It's looking like a coiled
spring right now. It's building a forty four year cup
in handle. I think it's going to take off like
a rocket and then I'm going to sell and who knows,
maybe never buy silver again the rest of my life
after that, and we'll go.
Speaker 3: You'd be able to live off of your silver earnings, right,
that's right?
Speaker 4: Hopefully? Yes? All right? So what about platinum.
Speaker 3: I don't know how much you follow platinum, but if
you're like me, you follow it at least a little bit.
You got any thoughts about it? It is technically a
precious metal. In fact, they call it one of the
noble metals, like along with palladium, et cetera. So what's
your thoughts?
Speaker 1: Yeah, I don't follow it too much. I definitely stick
to golden silver more so than anything else. So I
don't know if I could really offer up a great.
Speaker 5: Comment on on that.
Speaker 1: So yeah, maybe maybe I should just not say anything
so as not to steer anyone in the wrong direction.
Speaker 3: Yeah, all right, Well, hey, I should just elucidate of
the noble metals. There's a bunch you never heard of,
like resthenium, roodium, we all know rhodium in that one.
Speaker 4: Was like really high up there and then it crashed.
Speaker 3: Silver is technically a noble metal, Palladium is platinum. They
even called gold a noble metal, but it's not really.
These are like noble white metals, as memium, as meium.
I don't even know what that is, aridium. I mean,
it's like crazy stuff here, but something to keep track of.
I just I'm going to buy one ounce of platinum
for the hell of it. But otherwise you're looking at
anything else to copper, nickel.
Speaker 4: I know you're into precious metals, but I'm just curious
where your interests lead you.
Speaker 1: Yeah, mostly into the precious metal, So I don't spend
a lot of time looking at the base metals or
anything like that only from only from a macro perspective,
not so much from an investment perspective, And it's sort
of how I look at a lot of other markets,
and a lot of my attention right now is focused
on the monetary system and what central banks are doing,
interest rates, a lot of fiscal moves by different governments.
So yeah, I'm sort of looking at the global macro
picture making sure that my overall investment thesis isn't out
of whack. And yeah, it just seems like there's a
lot of tension building up in the markets. A lot
of governments are just going to inflate their currencies to zero,
try to spend their way out of their problems, even
though most of their problems are caused by spending.
Speaker 3: So yeah, just sort of just what's that. Well, you
know what we call that, the cure is the disease. Yeah, yes, exactly.
So I don't think it's going to work.
Speaker 1: So yeah, it's just sort of you know, waiting waiting
for the election, waiting for you know, tensions in Europe
in the Middle East to resolve some way hopefully, Yeah exactly.
So that's the thing is, I don't know what's going
to happen, and I'm just sort of waiting until there's
some kind of stability and some attractive place to put
my capital, you know, besides gold, silver and bitcoin, which
is really all I have right now.
Speaker 3: He just remember, every cruise missile that gets fired is
five hundred ounce as a silver or five hundred grams
rather maybe five hundred grams bny ounces. So good for
precious metals, ballistic precious metals, giving new meaning to that term, right.
Speaker 1: Hey, yeah, yeah, I mean you don't want to root
for that, Like, that's the tough spot to be in,
is Like, you know, as much as I as much
as I want the value of my portfolio to go up,
I don't want it to come at the cost of
you know, human suffering.
Speaker 5: And you know I have no interest in being king
of the Ashes as it were.
Speaker 1: So yeah, i'd gladly trade trade my fortune for for peace,
and you know, that's the world I want to live in.
But so, you know, in many ways, it's just a
hedge against what could happen, and I don't really know
what that is.
Speaker 3: Yeah, Hey, if all of us knew that, you know, well,
we'd probably be building bunkers now as we speak.
Speaker 4: But you know some people are yeh.
Speaker 3: Never underestimate the stupidity of mankind to do exactly the
wrong thing at the wrong time, but never underestimate the
ability of mankind to rescue itself at the last possible moment.
So let's hope for the best here. Hey, just tell
us again. Find you at goldsilver dot com. What else, Yeah,
it's you for us. Yeah, Goldsilver dot com and our
Goldsilver YouTube channel.
Speaker 5: You can find everything there, all right.
Speaker 4: Hey, it's always great having you on. Alan be well.
Speaker 3: Got a question for Alan or myself? Shoot me an
email kl at Kerrie LUTs dot com and the link
to Alan site is in the show. Outs to this
interview on Financial Survival Network dot com. While you're there,
sign up for our newsletter. Got a lot of great
info in there that will help you keep your money
when it hits the fan, will help you make money
when it hits the fan, and help you survive.
Speaker 5: Alan appreciate it. We'll talk to you and so Hey, thanks, Cary,
talk to you soon.
Speaker 2: Thanks 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