Speaker 1: You know this whole global thing is is this powder
keg right now? That could cause a significant challenge here
in the futures.
Speaker 2: There's just so many different pieces of unrest. Right now,
you are.
Speaker 3: 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
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Speaker 4: Ever, And welcome.
Speaker 5: This is Financial Survival Network. I'm your host, Carrie Letz.
And well, what can you say about the past week
in precious metals? New highs for gold, new highs for silver,
what's going on with the bond market, central banks, minors
where you're supposed to go, what's happening with the debt.
David Strazzuski is with us now, David, it's great to
have you back on. So we're in the midst of
a precious metals melt up, so it would appear certainly
a bull market. We've been waiting for this, I mean,
gold's been been basically taking the lead. Now we've got
forty plus dollars forty one dollars silver and silver will
presumably take the handoff from gold.
Speaker 4: So what is your thinking on all this?
Speaker 2: Well, great to be with you, Carrie.
Speaker 1: You know a couple of things that just kind of
occur right now is that if you actually look at
the S and P five hundred versus just gold in general,
you know, you'll see that gold, even tho over the
last couple of years, has outperformed so significantly. It's up
about one hundred percent in the last twelve This is
a very important thing to be recognizing right now. Why
because it's priced in US dollars, and so if it
takes more individual US dollars to buy the same one
ounce of gold or silver, and ultimately what that means
is that there's actually real inflation that's taking place right
now in our fiat currency. And that's really important to understand.
Fiat of course, meaning that it's not backed up by
anything specifically, just the good faith in the Treasury and
the Federal Reserve. And so what we're watching right now
is a rotation away from specifically the United States treasuries. Now,
if we'll remember here, Moody's was the third rating agency
that just recently downgraded the United States from triple A
to double A. So it was, you know, in twenty
elevens when it started. We had another one with Fitch
last year in July, and then we recently had Moodies downgrade.
So now the world is ultimately saying the United States treasury,
specifically the ten year and long dated treasuries, are not
the world's reserve standard any longer. There's something that could
be better, and I believe that everyone is recognizing that
gold is that answer. And so if you look at
what central banks have been doing for the last decade,
they've been buying more gold and less treasuries, but very specifically,
in the last three years they have been buying more
than a thousand tons annually. So I think that we're
just at the beginning of this commodity supercycle, and there's
a lot of directions that we can kind of go
in our time here today in discussing, you know, what
is actually going on and where will we be here
in the future.
Speaker 4: All right, so where will we be?
Speaker 5: Are we going to lose the dollar as the reserve
standard the reserve currency?
Speaker 4: Is that happening?
Speaker 5: Now?
Speaker 4: What's your thoughts?
Speaker 1: You know, I don't believe that we're going to lose
the dollars the world's reserve currency. Why because liquid markets
all over the world would tell us that the dollar
is going to be sticking around. There's not an alternative
to it. What are you going to do the end?
Speaker 2: No way.
Speaker 1: So what we're looking at right now is just the
entire system getting revalued. And we're and we're trying to understand,
you know, what's actually important in the twenty first century
right now. So you know, the way that I'm looking
at this is just you know, followed the legislation and know,
so since President Trump got in, we have a completely
different world, completely different way that things are going to
be patterned. And and so it's important for us to
understand that, you know, of looking at even the commodities markets,
there are more commodities that are that are expiring and
then they're taking possession right now, they're getting tons of gold.
Speaker 2: What's going to happen with the US dollar?
Speaker 1: Well, I think that you're going to see the Stable
Coin Act, the Genius Act that was recently passed, begin
to develop into something greater. You know, when you look
at states like Texas and Florida who were saying, hey,
we're not going to do a central bank digital currency,
which is what the Biden administration was saying that they
were kind of moving into. They're saying, hey, we will
do a gold backed, you know, blockchain based coin, and
some of that got shut down, but it said certain
things into motion. This Genius Act, though, made provision for
gold to be considered a Tier one acid held by banks.
And I believe that bitcoin can be a part of
that silver, platinum, palladium, et cetera as above ground assets.
And what's important to note about that is that you
can create a completely different system. Now I will just
share with you though I've seen some movies Oceans eleven, twelve,
and thirteen, there's some creative ways to steal things. So
if you steal out of that vault or a military
complex shows up and destroys the system somehow, you're going
to have your money system broken. So that's why I
think that there is actually a third version that is
going to kind of be the saving grace for our
nation as we kind of look forward here into the future,
and that is that we leave it in the ground
exactly where God put it. The gold, silver, platinum palladium
that's sitting in Yellowstone National Park. There's no reason to
take it out of the ground. We've already decided this
is a beautiful park, a place that we want to
come and bring our family and our kids. And so
what we can do is we can just tokenize those
assets in ground and add that to the strategic wealth
Reserve our nation. At least, this is what I'm trying
to pitch and position out here, because that third version
of stable coin is completely safe, lower cost to keep
in the ground, don't have to secure it with you know,
guards and you know armed things. It's just safely there
and we can actually know that it's there in the ground.
So the forty three one oh one forums, et cetera
give a lot of that information. So that's where I
think money's going. But the US dollar will still remain
the world reserve currency.
Speaker 5: Well, I kind of got a little different take than you.
I think the strategic Bitcoin Reserve. I think the US
government is holding way more Bitcoin than the couple hundred
and fifty thousand coins that they say maybe they created it.
And if what happens if bitcoin goes up to say,
I don't know, let's say it goes up to fifty
million dollars a coin, which isn't that much higher than
it is. Now, what are we talking about? Five hundred
times more? The US government is the largest holder of bitcoin,
and they use that to either issue a stable coin
backed by bitcoin and then use that to pay down
the debt. Say, guys, you can have zero interest, or
you can have these stable coins and go do what
you want with them, or they just hand out the bitcoin,
pay off the debt and then take the balance and
recapitalize the Social Security system and a couple of others.
Speaker 4: And then walk away.
Speaker 5: I mean, I see that as the saving grace here,
and it's easier than gold. They we're just not going
back on a gold standard. Yeah, it's just right.
Speaker 2: So here's a couple of things to note. So I
like where your head's at with this one.
Speaker 1: The thing that I really recognize is that if you're
an evil dictator or somebody that needs to flee their nation,
you're for sure a bitcoin person because you can't take
that gold and silver with you, I mean fly it
around or it's heavy, right, So you have the ability
to just put it up in the cloud. So that's
a lot of the volume that's that's been coming in
right now. I believe that bitcoin is a real reserve.
I believe that, you know, the only twenty one million
coins out there, my guesses were probably able to you know,
only really access sixteen million of those. In the end,
you know, probably five million or more. You lose your
le keys, you lose your crypto. So I think that
it is a lot more valuable and rare than we
recognize today. And no one is buying groceries with bitcoin.
They keep that stuff. You spend your US dollars that
you don't want to those are easy. You keep the bitcoin, right,
So you know, the strategic wealth reserves are a brilliant idea.
I actually have been doing this in medals for a
number of years when just one day God kind of
told me to become a bank, and I was like,
what do you mean?
Speaker 2: And and so I.
Speaker 1: Started purchasing medals with the idea of being able to
borrow against it, do mergers and acquisitions and quickly be
able to turn that into cash. And so that's literally
what I do as a part of my business practice
on a day to day basis. As I use my
silver specifically because of the ratio of gold to silver
on that. But to finish the thought on this, the
one thing about bitcoin is that it's not fast. It
doesn't transact quickly, but it is a real reserve. I
think that you're going to be doing like big deals
and real estate transactions and things like that on the
most notable you know, you know, things like bitcoin, and
so I think you'll be able to stake it and
people will be able to borrow against it and use
it as sort of a proxy, and that might be
a way to get a dividend off of bitcoin in
the future for those that hold some. But yeah, the
US government definitely has a lot of bitcoin. But what
else do we have. Well, we've got a tremendous amount
of reserves that are in the ground right now, and
so we need these reserves in order to actually, you know,
electrify the world as an example. So yeah, copper electrifies
the world. But if we're talking about semiconductors, if we're
talking about data centers, you need silver. You need silver
so bad if you're going to even do military stuff.
We've talked about this in the past. You said, like
a tamahawk wardhead had like a couple hundred ounces of
silver in it.
Speaker 2: That makes sense.
Speaker 1: Everything has silver in it, including all the gear that
we're having conversations on right now. That's making sure that
this is electronically going through. So if you want to
electrify the future, you gotta have silver and add an
eighty seven to one ratio to gold when the mining
ratio is actually only seven and a half to one.
Speaker 2: This is such a gift.
Speaker 1: That's why I personally believe that even more so than bitcoin.
This is a big statement for me to make. I
believe that, even more so than bitcoin, silver is the
most undervalued asset in the world right now. Because if
bitcoin goes to a million, which it's designed to, Okay,
that's taking one hundred thousand dollars today, and it'll ten x,
it'll go to a million, okay. But for silver to
just go to a ten x, that brings it to
four hundred bucks. Okay, well man, it's never been at
four hundred dollars for sure, But just understand the gold
of silver ratio and the fact that gold is going
to be going at least five thousand here in the
short term, and then we're going to be seeing silver
just rocket shipping past that, and I think that you're
going to probably get down to more like a thirty
to one ratio. That tends to be, you know, a
decent place. But sixty to sixty five has been a
historical average. We're at eighty seven right now. So all
I'm saying is that there is a gift in silver
today to purchase it, and then I'll allocate into gold
in the future and other things. But right now I
have one hundred percent silver.
Speaker 4: Hey, I couldn't agree with you more.
Speaker 5: I've I bought most of my silver at eight to
ten dollars an ounce right after the Great financial collapse.
I stocked up on it. You know, I never was
negative on it. I've always been ahead. And I was
buying junk silver, but real junk, like forty percent to
silver Kennedy half dollars. And you know, at the time
they were like two dollars a piece. Now they're like
six or seven. And you know, I did nothing. And
the good thing about when you have your money in
a hard asset is when things get tough, it's not
that easy to just get rid of your gold and silver.
You can sell it, it's easy to do, but it's
not like getting a cash advance, off off your master
card or whatever. It requires labor, and then there's a
built in resistance. I had a really close friend and
when I was buying back in twenty ten, two thousand
and nine, twenty ten, I got him.
Speaker 4: To buy it. He bought a lot more than me,
and then his business went busted.
Speaker 5: He went through a divorce and I talked to him
like five years later, and he said, you know, you
saved me because because of you, I had that gold.
I would have just blown the money had I not had,
and I was able to pay off my lawyers, pay
off my ex And that's the beauty. It's kind of
a forced savings plan.
Speaker 4: I love silver.
Speaker 5: It just David, Like three months ago, I was buying
it at underspot on eBay, Wow five to ten percent
on your spot by buying forty percent uh Kennedy half dollars,
and I even bought I even bought some ninety percent
junk as we call it. I'll call it constitutional. I
bought that for five percent below spot when it was
thirty six dollars. And so anybody out there, if you're
looking to buy silver at below spot, you can still
do it. Limited times. Just shoot me an email kl
at Carrie Letz ask for the free the buying silver
below spot. Just say buy silver in the subject. I'll
send you out a report tells you exactly how to
do it, and insurers that you won't get ripped off.
So silver is silver?
Speaker 4: Is it?
Speaker 5: I mean we know that for sure, and now even
Saudi Arabia is buying silver. We had you putting shortly
we'll be putting silver on the critical metals list. That's huge.
It just shows the value of the shiny metal. You know,
they don't make mirrors with silver anymore, but they do
make solar panels as there. They're even the solar panel
recycling things. So cryptos silver, Are we getting the great reset?
Speaker 4: Here? Is that? What are you trying to tell us, David?
Speaker 1: I do think that this is a reset in the
monetary system. It's been coming for a long time, and
I think that it got sped up through COVID and
through the deficit spending that we did during that time frame.
If you just even look at the M two money
supply there as things were really kicking up, you know,
we added five hundred and twelve percent to our M
two within a matter of about a year. That is
a significant deal. That's why we saw inflation happen. We
just got this cash sloshing around the market right now,
and so anyway, some of that's burning off, and I
think liquidity is get being a lot tighter, and I
think that the average consumer is not doing as well,
and so, you know more, even to your point, we
need to look at, you know, what is actually valuable
here in the future. And so I personally think that,
you know, you want to harden up your balance sheet
and so and just like you've just shared here, you know,
the constitutional pre nineteen sixty five quarters and dimes is
literally what I own the vast majority of at this
point in time, because it tends to trend up about
fifteen to twenty percent higher than just spot when when
silver goes through a run. And so that's something that
I've done because then I will sell and then ultimately
have far more ounces in the future because of that
that difference there. But I actually like to own mine
at the Delaware Depository. And here's the difference between old
owning it physically in person and having it physically at
a depository that's a Commas level safe place. One I
don't have the counterparty risk of you know, my house
burns down and or someone.
Speaker 2: Steals or whatever. And it's right, yeah, exactly. So here's
the point.
Speaker 1: I keep it someplace that's super safe, and ultimately I
can call them and i can get a wire in
the same day and I'm paying prime plus one and
it's an interest only loan, just like a home equity
line of credit. And so that for me is a
phenomenal opportunity and way to do it. Then let me
just note something really quick. My silver portfolio or my
asset is up about thirty percent this year, but my
actual miners portfolio, where my four oh one K is,
that is specifically up over sixty percent this year. And
so if you want to know the best way to
make money, honestly, I think it's probably in the in
the market here with the miners. You know, whether you're
using the majors or the juniors, there's tremendous opportunity. If
you're going to start a new silver mineor gold mine,
it takes fifteen eighteen years. So if you've got a
junior out there that's got something going on, and you're
a major player, and you can step in because you
now have capital markets that will work with you. Man,
what an opportunity. So I think that you're going to
see probably you know, the metal miners lead for the
next three years, five years, maybe even ten years because
of their profitability. They can essentially get gold out of
the ground for about two thousand They can profit about
two thousand dollars right now, and they're about double what
their expenses are for silver today. And so these are
going to be some of the most profitable companies in
the world going forward if they just continue on with
what is the normal trend right now. But if the
price goes up, which it's going to, their numbers get
even better yet. And so that's why i'm personally very
very very bullish on metal miners US based, North American based.
The majority of silver, by the way, is mined out
of Mexico, and so I think that that's a strategic
thing that the administration is even looking at with cartels
and other stuff like that. You can't have that disrupted
right now. These medals are crucial. They're critical for infrastructure,
for our advancement, they're critical for AI, they're critical for
the future, and we can't not have these specific precious
metals available.
Speaker 4: Hey, couldn't agree with you more.
Speaker 5: Hey, what's your take on the attack in Venezuela.
Speaker 2: I'm sorry, I didn't even catch the attack in Venezuela.
Oh there was the drugs.
Speaker 5: Yeah, the US interdicted a drug laden ship off the
coast Venezuela and blew it up, basically, And that's an escalation.
No wonder gold and silver are going higher if our
own hemisphere is seeing this kind of thing, right, how
does this happen?
Speaker 1: Well, the cartels have been running things for like the
last five six years, and they have become extremely profitable
when we have an open border, when you've got fentanyl
pouring over, when you got all this stuff, you got
people that you're trafficking in, you got people that you're
muling in. These are some of the most profitable organizations
in the world. And I think the administration recognizes that
and the challenge that that represents. And so you know, strategically,
that is our neighbor to the south, and we need
to have good trade relations, we need to have a
good working environment. I just even saw, you know, like
a week ago. I forget our ambassador's name, who was
visiting in Mexico there, but there was like a fight
that broke out on camera.
Speaker 4: I saw that, Yeah, on the floor. That was crazy.
Speaker 2: That was crazy. You know, who knows what's happening right now.
Speaker 1: I've been saying it though for a little bit that
I think that we'll be literally at war with the
cartels by the end of twenty twenty five, and so
that we're about right there right now. I feel that
there's some beer groups and battleships moving into that area,
and so you might see, you know, some of that
cleaned up here and then hopefully, you know, there can
be the right law and order and relationships and everything else.
But you know, this whole global thing is is this
powder keg right now? That could cause a significant challenge
here in the futures. There's just so many different pieces
of unrest right now.
Speaker 5: Yeah, it's so true instability and changing world landscape. We're
still working on reclaiming the Panama Canal. That hasn't happened yet.
One final thing off this copic a little bit, but
the federal surge in the District of Columbia, what's your
take on it?
Speaker 2: Unpacked that asking.
Speaker 5: Fed's going in and basically taking over the DC Police
Department and the surge of federal law enforcement marching in
there and restoring order to the capital.
Speaker 1: Well, it's interesting, the capitol police don't actually have an
authority over the top of them. Therefore they're basically unregulated.
This is a part of the reason why on January sixth,
there was, you know, not the ability to even identify
the officer's name who shot Ashley Babbitt. There's a lot
of the deep state quote unquote if you will, that
would be considered the unelected people that are in d
C or have proximity to d C or power. And
then also, you know, there's a lot of disruption that's
been going on, uh with conversations about lobbyists and you know,
and and and maybe even term limits. I think all
these are important conversations. You know, as an American people,
that's our job, as we the people, is to be
able to say, hey, I don't like this idea, I
do like that idea, and so help us to try
to identify, uh, you know, how to move forward here
in the best way in order to represent us.
Speaker 2: I feel like there is an opportunity right now in.
Speaker 1: This next election cycle to start talking about constitutional values
again and start leading from the place of strength, start
leading from the place that makes America different and better
and greater and and so that's going to come with,
you know, having law and order and and and and
not the opposite. That's going to come with, you know,
not specifically, you know, targeting your adversaries, but everyone should
be treated equally under the law. You know, just because
someone is a different opinion than you. That we were
founded on the principle.
Speaker 2: That we should be able to bad ideas and then
it comes to a vote, and then ultimately the people decide,
and you know, the free and fair election ideas is
something that is you know, not necessarily.
Speaker 4: I don't know.
Speaker 1: You still send men and women to die for this nation.
And there's at least some questions on how some of
this stuff has gone. And so I think that that
that you're going to need to see change at that
higher level in order for it to trickle down to
main street. But I just want to remind everyday families this,
just because you got something going on in DC, you
need to do things in your local community. We need
to be really particular right now about you know, the
jurisdictions that are ours. Just because someone gets into the
white House, or we get new administrations in different ways,
doesn't necessarily mean that the world just changes in the
best way. We've got to fight for some of the
right things here, and so this is where it's important
for people to have a voice, to have the ability
to stand up, to be able to communicate what your
positions are, and ultimately my hope is is that we
become a better America. We become that resilient nation that
has led, innovated, gone through wars, and ultimately people come
together because we are the United States of America, not
the divided States of America, although maybe the latter is
what we kind of feel like a little bit more
so today.
Speaker 5: We really do have the power here, but that's the
whole system that's designed. They don't really care a left
right center. It's just divide and conquer, and they've done
a wonderful job of it so far. I couldn't agree
with you more about what you're talking about here with
the way in which you know this is shaken out.
And people's right to safety in their own homes and
their own communities is a fundamental right. That is the
biggest responsibility of government, particularly the president, to protect us
from enemies within and without, and we certainly don't need
to be bringing in any more enemies from without. We
got enough of them during the last administration. And now
it's clean up in Aisle seven, and Trump is bringing
them ups right.
Speaker 4: Yeah.
Speaker 2: Absolutely.
Speaker 1: And you know a lot of the people are out
there like, oh, he's just apporting everybody.
Speaker 2: Actually, there's a lot of.
Speaker 1: People that have come in that have been kind of
bad guys or have have have histories or places that
we suspect that they trained on that stuff in Afghanistan
that we left behind when Biden pulled out, and their
military age men, most of them, and many of these
and so you've got to go and break those things up.
You've got to go in and take out the bad,
the worst of the worst, bad guys for sure. You know,
you've got to allow the immune system of the body
to be able to call balls and strikes, and then
the T cells to be able to come in and force.
And you know, this is this is just a very
interesting moment that we find ourselves in. I just believe
that that right now, real leadership can step in, real
conversations can step in, and well, then my hope is
that real leadership and real conversations can come in and
that we can ultimately be more united as supposed to
divided because we can see each other as brothers and
sisters once again. We can see ourselves as we the
people and not just red or blue or something in between.
But unfortunately we've become so politically divisive, and that's where
they want us. They want us to say that politics.
Speaker 4: They want us hate each other.
Speaker 5: Hey, So just one final thing is that having a
crime ridden community it's a political decision.
Speaker 4: That's what this is proving.
Speaker 5: And having a safe community just requires political will and
the desire to act. We saw it with Juliani. He
wrote the blueprint for what's happening now in DC, the
Broken Windows theory, all of that. Thank you, Rudy Juliani.
Pray that you're okay. Got into a bad car accident
the other day, seriously injured spinal injury. Pray that he's okay. David,
Just tell us where do we find you? How do
we connect with you on the web?
Speaker 1: Well, most people know me as a financial advisor. My
company is called Sound Planning Group myspg dot com.
Speaker 2: Pretty awesome.
Speaker 1: We just got named one of the fastest growing companies
again in America according to Ink magazine, top five thousand
in the top five hundred workplaces. So be successful, that's awesome.
Be good people probably more important. But ww dot MYSPG
dot com. We've got people that.
Speaker 2: Call in all the time.
Speaker 1: They check us out, check out the Google reviews, all
the wonderful things that are going on, and they want
to learn more. I've got classes that are happening here
throughout the year. We're teaching about medicare taking about SoC
security and taxes. By the way, the Tax Cuts and
Jobs Act two point zero happened this year, and it's
created the single greatest opportunity in any of our adult
lifetimes to reduce or eliminate taxes on our retirement assets.
So we're teaching people how to coordinate their distribution strategy
through diversification, not just asset diversification, which is really what
we've been talking about here today. Adding asset diversification and
better strategies, really important tax diversification. It's going to help
you to keep more, forfeit less and ultimately, you know,
enjoy the retirement that we believe that you deserve. So
that's a little bit about us, and so much more
on the site and if folks want to reach out.
Speaker 5: All right, and the links in the show notes to
this interview Financial Survival Network dot com. We're now just
gone strictly to substack. I'm no longer paying for the
overhead of maintaining a website. That websites are kind of
yesterday's technology. They've been around almost thirty years. Now enough
is enough, and substack it's a beautiful thing manages your
mailing list. I feel like I'm doing an ad for them.
But in any event, just over to Financial Survival Network
dot com points.
Speaker 4: Over to our substack. David.
Speaker 5: Always a pleasure. We'll definitely talk to you again soon.
Speaker 4: Be well.
Speaker 3: Hey, appreciate you, Gerry, thank you, thanks for listening to
Carrie Letz's Financial Survival Network. Your solution to today's trying times.
For the latest, go to Financial Survivalnetwork dot com. Financial
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