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Speaker 1: And as soon as it hit fives, in short order,

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it's going to hit seventy five hundred, and then it's

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going to hit ten. And we see that happening, We

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really do. And again I don't know if it's within

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twelve months or a couple of years. But the other

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thing that I talked about there is a couple issues. Right,

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So the economy, interest rates and then the devaluate the dollars.

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It relates to the national debt. I mean, we're as

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soon as we hit forty trillion, the dollar is going

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to be more debased than ever before. You can't get

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out of that much debt. You either have to default

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or you have to inflate. You're listening to Carrie.

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Speaker 2: Let'sa's Financial Survival Network where you get valuable information you

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just can't find anywhere else to thrive in today's trying times.

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You need the Financial Survival Network now more than ever.

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Go to Financial Survivalnetwork dot com and get your free

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newsletter and gift. Financial 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. Our good friend

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Ed sidel is with us now he's freezing up in

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the north from this bomb cyclone thing that they came up.

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We used to just say, hey, it's really cold out

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or it's an arctic chill or whatever. But now it's

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a bomb cyclone.

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Speaker 1: Well they yeah, well there's.

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Speaker 3: A bomb cyclone taking place in the markets now too,

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isn't there.

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Speaker 1: Yeah? Absolutely, Well, like we were talking about, excuse me,

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you know, when you take the dog for a walk

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and she doesn't want to go outside and it's minus

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eleven without the wind hill, it's just cold, you know,

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for us here at all, it's just cold.

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Speaker 3: Yeah, yes, it's definitely cold. So the market's pretty cold

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now too. But gold and silver have heated up really.

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Speaker 1: Well, huh, it really has a p now it's pulled

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back obviously. I mean gold was up another two hundred

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dollars this morning, and silver was I think it was

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approaching I don't know if it actually hit it, but

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it was approaching you know, one hundred and twenty an ounce,

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and it's since pulled back. Now they're both down. I

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think gold is down almost one hundred dollars and silver

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is down five or six bucks. But you know, we're

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I think we're just seeing a lot of panic buying,

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not to say that it's not justified, but a lot

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of fomo. If you look at the volume just since

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yesterday this morning, it was a multiple of volume compared

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to what it was at the close yesterday, so less

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than twenty four hours. It's just so I think we'll,

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I think, be a little pulled back, but it's going

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to ramp right back up again. Yeah, that's what it's

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been doing.

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Speaker 3: It'll go down for a day, sometimes a matter of hours,

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that'll turn red a little bit, and then boom, it's

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back and it's back bigger than ever. In fact, it's

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already starting to fade. I mean, at one point gold

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was down two hundred, silver was down five point fifty.

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Speaker 1: Now they're fading. So what is the.

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Speaker 3: Gold and silver prices telling us about about the economy,

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about the dollar, about inflation and all that good stuff?

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Speaker 1: Ed you know when when we look at the So

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let's talk about the economy first, all right, So I

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think there's three things that come into play here. Our

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economy is getting stronger. We're looking at the Atlanta Fed GDP,

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it's going to be over five percent. You know, if

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we look at durable good orders, they're positive. So the

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economy is growing, but when you see excessive growth in

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such a short period of time, that's inflationary and wages

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can't keep up with that, and so the Federal Reserve

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they're not going to lower rates. I mean, honestly, they

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legitimately they can't. If if you look at mortgage rates,

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the bond market is already telling us that we're really

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in an inflationary cycle. So that's number one. Number two

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because of the debt, the interest rates, and a lot

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of uncertainty, you're seeing central banks all around the world

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rebuilding their stockpiles and gold and they're replacing US treasuries

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with golden so that's increasing the gold prices silver. You know,

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if you look at the ratio of gold is silver, historically,

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you know, since the beginning of time, it was ten

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to one, so ten ounces of silver equaled one ounce

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of gold, and really since the early nineteen hundreds, the

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average has been about thirteen to one here in the US.

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But if we go back to a year ago, it

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was ninety two to one, so it was ninety two

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ounces of silver at equal one ounce of gold. Now

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it's coming back a little bit more into reality, but

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still we believe that silver is still way undervalue. You

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go back to what it was last year. Really silver

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should be five hundred and fifty dollars an ounce. You know,

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we see it hitting over two hundred, and we've been

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calling for that since you know, last year, this time

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last year, and it's for a whole host of reasons.

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Number one, we think it's the value has been held

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down artificially. But now we're seeing you know, industrial uses,

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you know AI as well as you know these these

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data centers and chips and everything else. So it's pushing

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the value up as we go through. And I would

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not be surprised if in twelve to eighteen months we

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don't see it over two hundred dollars an ounce.

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Speaker 3: Yeah, I wouldn't be surprised either. Been calling for this

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for a while, and there's no surprises here, is there?

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Speaker 1: No no? And you know we we were saying too

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that gold is going to hit five, and it's as

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soon as it hit fives, in short order, it's going

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to hit seventy five hundred, and then it's going to

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hit ten. And we see that happening, we really do.

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And again, I don't know if it's within twelve months

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or a couple of years. But the other thing that

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I talked about there was a couple issues. Right, So

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the economy, interest rates and then the devaluate the dollars.

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It relates to the national debt. I mean, we're as

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soon as we hit forty tryon, the dollar is going

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to be more debased than ever before. You can't get

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out of that much debt. You either have to default

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or you have to inflate. Those are the only two

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ways out of it. And then I think gold is

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just going to skyrocket at that point in time.

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Speaker 3: Yeah, yeah, there is no way. I mean, the debt

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is unsustainable. We've been in this situation for a while.

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They've been kicking the can down the road. It doesn't

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matter who's in office, they all do exactly the same thing.

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Speaker 1: And now the bill's coming due, isn't it. The chickens

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are coming home to roost, you know. In it people

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are shocked, you know, and I don't know if they're

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acting or if they really believe that they're shocked that.

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You know, people are upset and central banks are ditching

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you know, US treasuries for gold. But when you listen

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to the pundits and you listen to d C. They're

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either ignoring it or completely discounting it. And and that's

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scary in and of itself.

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Speaker 3: Yeah, so what do you make of all the war

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clouds on the horizon here, the Venezuela's situation, the Cubas situation, Iran.

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It's all like coming to a head, isn't it?

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Speaker 1: It is and it is unnerving. But I'm trying to

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think of it along the lines of the tariff situation.

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You know, tactics versus taxes, right, so they it was

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a tactic the art of the deal, and you have

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to be willing to go through with what you're talking about.

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In uh, the Venezuela situation, I think that put everyone

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on notice that, hey, you know, we are willing to

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do this. But that in and of itself is also unnerving.

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You know, So if you are willing to do that,

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what is that going to look like going forward? I

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think we had to do it. We couldn't have Russian

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and China in our backyard. They were already had a

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strong foothold. I think we're going to see more things

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as it relates to the Panama Canal zone and Cuba. Again,

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that's uh, sure, We're that is literally in our backyard,

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so I think we're gonna see more geopolitical uncertainty there Greenland.

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I'm still anxious to see with the deal that's cut

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and the impact that that's going to have and what

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that's going to cost you and me and everyone else.

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But I think that that's a necessary evil as well.

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I do believe that NATO is well, I'm trying to

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think of a nice term, but I think it's feckless.

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I think it really is nothing other than a cost

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center for US. I mean, we're paying all the money

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and we're really getting no benefit. I think it is

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it's a worthless entity now and going forward. I do

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believe that we do need Greenland, not just for national security,

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but also for the resources. I'm just glad we're bringing

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everything back on shore from prescription meds manufacturing. We have to.

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We can't believe in this global society anymore because look

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at the situation that it put us in. You know what,

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you have to depend on our competitors or our enemies enemies. Yes,

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I was trying to think of a better word, but yeah,

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our enemies for our medications, our steel are the things

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we need to fight the war that didn't make any sense.

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So I'm glad we're bringing that manufacturing back on shore.

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But it's not going to be an overnight fix. It's

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going to take years. Well it took years to do it.

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Speaker 3: But the AI revolution seems to really be having an impact,

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doesn't it.

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Speaker 1: It does? It does, And you look look at ups,

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you know, everyone's saying, well, you know, all these jobs

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are being replaced by AI. You know, if you look

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at the thirty thousand jobs that they're getting rid of,

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you know, I think possibly that's part of it. But

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I also think that they way over hired during COVID, remember,

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you know, couldn't get anything they needed, all the drivers,

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everyone was working over time, So I think they're kind

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of cleaning house. I'm looking at it as a good

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thing as an investor long term for the health of

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the company. And they're they're leveraging AI to be more

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productive so that you know, the you know, the shareholders

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reaped the benefits and the rewards of being a more efficient,

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profitable company.

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Speaker 3: Hey, Amazon today just announced the sixteen thousand office workers going.

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And notice they're not getting rid of the the drivers

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and the warehouse people.

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Speaker 1: Yeah, absolutely, because they're needed the office people. That's that's

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a you know, when when you're paying six figures and

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a lot of that you can use leverage and technology

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and AI to replace those office workers.

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Speaker 3: That just makes sense, totally, totally, and we're seeing it

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here right. I mean, it's happening now as we speak. So,

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so what do you think is the upshot for for

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twenty twenty six?

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Speaker 1: Her head? I think from an economic standpoint, from a

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market standpoint, it's going to be positive. I think we're

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going to see a lot of volatility. My fear is

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my concern is right before the midterms, so we're going

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to see a correction, and you know, typically what we

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see is the the party that's in power, they loses power.

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They lose power at the midterm. We've got to do

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a better job messaging as far as you know what's

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happening the good. Otherwise it's going to be a lame

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duck presidency for the last two terms and nothing will

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get happen. If we see an impeachment, which I think

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probably could happen, that is going to have negative effects

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on the economy going forward. So I am thinking positive

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for the rest of this year, possibly even double digit

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growth again for the markets, but that's as forward looking

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as we're seeing right now until after the midterms.

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Speaker 3: All right, Ed, Well that's interesting here. Just tell us

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where do we find you? How do we connect with

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you on the web.

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Speaker 1: Yeah, we are at e G. Sifinancial dot com in

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our podcast The Retirement Trainer. You can find us on Spotify, Apple,

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all the big names so you can, and our YouTube

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channel as well, ETSI Financial.

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Speaker 3: All right, excellent, appreciate you coming on. Any questions comments

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for Ed myself, shoot me an email kl.

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Speaker 1: At Carrie let Gold and Silver.

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Speaker 3: It'll be interesting to see how high they can go

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right now, it's obvious there's a concerted effort to drive

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them back into saner territories. We'll see how that works out,

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and we'll see how the market responds as well. The

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market is liked inflation so much for the past ten

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twenty years, unlike the seventies. So as long as you

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have economic growth and you have inflation, I guess the

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market will figure out a way to deal with it,

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right print more money. All right, on that note, take care,

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We'll talk to you soon.

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Speaker 2: All right, Thanks Gerry, thanks for listening to carry Letz's

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Speaker 1: Now more than ever