Empower Hour Steve Merrill - Silver: The Perfect Storm. Are you in? Oct 29 2025
Episode Stats
Length
1 hour and 38 minutes
Words per Minute
167.1363
Summary
Join us tonight as we hear from Action for Canada's Steven Merritt as he shares the incredible story of how the corrupt government is trying to seize control of our land and seize all of our assets in order to hand them over to the Indians.
Transcript
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you know my message is that every fiat currency the world's ever known has eventually reverted to
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its its original value which is paper which is toilet paper really and you know everybody with
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assets in that system is enabling that system it's it's really a satan system the debt-based
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money system is a creation of the dark side of of life is it you know satan if you will and and
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we've been enabling it enabling our own slavery the whole time we've been plugged into it right
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right they need us it's like the matrix they need us in our assets plugged into their system in order
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to enslave us and it's it's it's time to end it you know at least get your savings and get control
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of your savings it's not easy every broker out there when any client asks about moving into silver
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and gold from an rsp gets a big rigmarole and they talk nine out of the ten people out of it to be
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honest and it's it's you know it's you're gonna have to be as tough you know with your own wealth
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as you've as you were with your own health standing up to vaccine mandates it wasn't easy and we took a
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lot of heat for it we're called a lot of names for it uh be prepared you know to be called a few names
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over over this sort of move that you're making with your own money don't be ashamed of it um silver
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and gold have never failed to be money never once they've never gone to zero
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well welcome everyone welcome to the show thanks for joining us uh it's going to be a great show
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tonight steve merrill is joining us once again and we're going to be talking about what's happening
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with silver it is going up up up and you know there's there's a lot more to come we've been warning
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our viewers about this for years and it's going to be a really incredible presentation that steve
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will be giving tonight but before we get to steve i want to share my screen and we're going to take a
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look at action for canada's web page because i want you to be able to access some of the resources
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just in case you can't make it to the end of the show you want to know where to watch the video
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tomorrow i'll i'll let you know so uh for those of you who are watching for the very first time
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this is what action for canada looks like nationwide we have chapters across the country
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that are actively working in their communities going to school board trustee meetings city hall
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meetings regarding 15 minute cities the soji 123 in the schools we're dealing with uh national security
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issues and and all in all you know this is a campaigns and strategies to deal with our incredibly
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corrupt government that is working with the globalists and who are wanting to destroy our
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sovereignty and everything that we own dear and i was at a meeting last night in richmond it was kind
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of an urgent meeting that was being held and you may have heard about the recent decision that's giving
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the couch and indians uh the band the uh a certain amount of uh property and then the homeowners
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recently were sent a notice saying hey by the way your property ended up being on the couch now this
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couch and land as as whatever they're defining that would be it's completely illegal and unlawful it's
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got to be overturned but these poor homeowners in the midst of it are going to have to hire lawyers
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and fight this and the letters basically said hey you know what you happen to be on this property
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that was part of this uh decision to hand the land over to the couch and your title is going to be
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affected by this can you imagine that some of these people last night were the ones that were uh the
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residents that were up there speaking to the mayor and council they've been not in their property in
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their homes for 47 years and now they think they're going to hand it over to the indians everything we
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worked hard for so and now they're using this case in uh in quebec and the indians in quebec are now
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going after land they're like well don't worry about it though it's only uh land that's owned by the
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federal government well hello the federal government doesn't own land it belongs to canadians
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so this all has to come to an end but that was one of the uh highlights i've got it live on my
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x page if you want to go and watch it there some of the highlights as well i i had an opportunity
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while nikki sharma the attorney general i mean she's full on in on this undrip and drip and advancing
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it and she was there there was a probably near 700 people in the room and as if she really cared about
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what was happening you know and and all the people that were involved and their land being removed was
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like where were you during all of these years that this was before the courts and the public didn't
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know about it why wasn't the government advising you know the landowners and they asked the mayor
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the same question and they said oh well no it's up to the cowuchins they were the ones that were
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supposed to let you know anyway so the whole point is um our financial security the things that we have
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maybe taken for granted uh that could never be touched are being interfered with and so action for
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canada has been on the front line trying to help you as our viewers and our members to make the best
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decisions and to be guarded but we also need you to step up and get to those city council meetings
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we need you to be involved doing freedom of information requests what's going on with the
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property that you're sitting on right now and have spent your whole life saving for all right so
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in a couple of weeks i'm going to have dallas brody on and we're going to talk more about this issue
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so uh stay informed and stay tuned and please share our information share our rumbles give us a
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thumbs up because as i say week after week we're really being censored all right now um this was the
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email if you haven't signed up for our emails i encourage you to go under our join button there
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and join sign up just provide your email and your postal code and then we'll be able to get this
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information to you the reason we like to have your postal code is because when chapter leaders step
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up we can then reach out to you to say hey there's a chapter a new chapter in your community and we'll
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be meeting on such and such a date well maybe you're the one to step up as a chapter leader but we want
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to see that map build up and we really if we could do that man we could take this country back we take
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back all levels of government but it does start at the community level so don't leave it to somebody else
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get involved under call to action if you want to go to weekly emails that is the fastest way right
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now that you could get to this page i send out a page every week on the gas we provide critical
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information you could either do a deep dive into it do some more research and then start making
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decisions for yourself and i'm going to emphasize tonight we are not giving financial advice as we have
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over the past years we are providing you information so that you can make the best financial decision
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for yourself but this happens to be the one that i sent out this last week on the page i also because
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we're getting steve is going to be talking about the opportunity i mean this is what he does he's the
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owner of sun city silver and gold in colonna and he he buys and sells silver and gold and he gets
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some of the best prices in canada for action for canada members and that's the key if you hear about
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this through action for canada we ask that you go to the page and then when you click on learn more
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you will land on this page we have a couple of previous empower our interviews that we've done
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with steve with his presentations you scroll down a little bit and it gives you the opportunity that
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if you just let me see if you go to a4c metals at proton.me you email steve and he will get in touch
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with you and help you out with whatever investments or even questions that you have about making
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investments and if you purchase make an order of five thousand dollars you get a bonus 1967 silver
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centennial dollar but wait there's more and if you actually refer to a neighbor or somebody else you
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make a referral that results in a five thousand dollar order you'll receive another 1967 silver
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centennial dollar now we also and under current issues you can find this page we also have a personal
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finances economics page where we've had other guests on the show as well to talk about the cbd siege
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no cash no freedom and we have special incredible interviews we've had with both rob anders and brett
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oland as well uh this young man as well tanner nade did an incredible job of putting things into
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perspective regarding finances and a biblical perspective shall i say when he was on the show
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if you keep scrolling down you will be able to even uh get more information on anything that could be
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you know attributed to investments or silver and gold all right so i'm just gonna stop sharing my screen
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and what i want to do is uh bring steve on now steve welcome to the show i'm so excited to have you
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back on as i mentioned steve is the owner of sun city silver and gold exchange in kelowna bc and he's
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helped out so many of our members and i'd steve i gotta thank you so much you have made such a generous
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offer to action for canada that as we work and partner together you are donating back a certain
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percentage to every order that has been made and that has helped action for canada in moving forward
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with the campaigns and strategies and the legal action so from the bottom of my heart thank you
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so much and i really hope that more of our members will reach out to you again and make a few more
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orders so uh welcome to the show thanks for having me tanya it's great to be here all right and on that
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what i want to do before we get to your presentation you were with us back in july of 2024 and i i was i
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happened to come across the video and i out of interest i was watching it but the beginning clip
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that we chose the little trailer to to that particular um empower our interview i thought was
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very telling of what was to come and as i've mentioned in my prelude to bringing you on
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that action for canada for many years has been trying to help our viewers and our members get in
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the best possible position for this potential collapse of the fiat system closures of banks or
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whatever would come in to be into hard hard metals and you made some interesting comments that day so
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before i hand the floor over to you we're going to play that clip
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and the next crisis the next banking crisis which is really already started and is is never really
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ended to be honest is is um going to take a lot of people down with it a lot of institutions and i
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encourage people to look at all the biggest hyperinflation the world's ever known they've
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all been in the last hundred years talk to someone who's got a memory from poland in the 70s
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to hungary previous to that in the 50s these currencies completely collapsed and it happened quite
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quickly and we all know what's happening at the grocery store today and how quickly prices have
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doubled just in the last two or three years that's a sign that we're nearing the end game of this fiat
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money experiment and the end game is is horrible prices prices start doubling in half the time and
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then quadrupling in a quarter of the time and we're on the verge of that and then the hoarding begins
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and people start buying all their tires today because why wouldn't you can get them and you know
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they're going to be double next year and that can parlay into you know food and sugar and let's buy
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all our beef as as much as we can and and that even unfortunately creates a worse inflationary
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problem and and shortages at the stores and so on and so forth at the gas pumps and elsewhere
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there you go wow it's like you were looking in a crystal ball well it's not that difficult to
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study a little history and and or talk to people who lived through those horrible situations i see
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them in my store from slovenia and sometimes poland and czechoslovakia and and i've heard them
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firsthand from these people and unfortunately you know canadians tend to think we're all isolated
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or insulated from these events and that's not going to be the case no and what's really concerning
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is uh many years ago i've been at this for over 10 years and uh when i had started the mp in my area
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was liberal mp ken hardy so i thought you know my first time i was so green back then thinking he cared
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about what was going on and realizing that he was full-on in on it and one of the comments he made to me
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was that the liberal party it was on the legalization of recreational marijuana but it was the fact they
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were putting it in the hands of 12 year olds and basically they would become drug traffickers for
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the drug lords which was becoming the federal government and they said oh we're modeling
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everything after venezuela and i didn't know much about venezuela back then but i know now that venezuela
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used to be a very rich wealthy country probably as naive of us as the people thinking they were secure
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once upon a time and then they went in and what did you think they did they started taking away the
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guns they impoverished the nation people couldn't find food on the shelves and the last time that time
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that you were on the show i'm gonna just read it here dan vishon i was sick so dan ended up hosting
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the show and he'd made a comment and i i give it a chuckle but it's absolutely the reality of what's
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going on and i'm sick for my children that you know they're full-grown adults with the well-paying
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jobs and what is the biggest ticket item in their own home other than gas dan had said the grocery
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cart is the most expensive vehicle we drive right now that's true a thousand dollars a month or maybe
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a thousand dollars a week for the yeah with your families yeah you know it's sad so and for those
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of us that are investing in silver that you know listened years ago when it was whether 21 an ounce
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or 32 an ounce and where it was going i believe last week it was up to was it 76 an ounce do you know
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where it's at currently i think it dropped a little i know where it's at just about every minute of the
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day yeah we ran up considerably up over 80 for physical silver in canadian dollar terms yes around
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about the 10th 12th 14th of october and have had quite a vicious dramatic attack i wouldn't call it
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a pullback so much or a correction as an attack on the on the futures price and everybody's that's
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watching pay attention has seen that or felt that a little bit and is probably wondering you know
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what's going on so i've tried to bring some information as best i could to help people and
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remind people that the long-term trend is very much in place and and just stabilize things and it looks
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like we've pulled back here a little bit and this could be about where we settle and before we move
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higher in my opinion and the opinion of a lot of people yeah before there's another breakthrough
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because it's uh you know said to to be reaching triple digits and i know you know yeah when we were
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listening um several years ago when it was around again well what was it a year ago months ago around
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the 50 dollar mark actually that was about two months ago that it was in the 50 55 dollar range
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about june june or july and then it had spiked ten dollars in one month that i remember but anyways it
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is really active and banks like jp morgan you've you've really well educated us in the past on this of how
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they've uh tried to uh what do you call that to um restrict the price to keep the price down
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and suppress suppress the price and i think that was the rallying that took place last week when it
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gone up to 80 they don't want to see the price of silver uh reach its potential because uh this
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benefits them so why don't we go straight into your presentation and then if anybody i want to
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encourage if you're online like it's live on all our social media if you want to actually ask a
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question you're going to need to register and sign on you can go on to action for canada.com on our
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home page and there's a link there and uh after steve's presentation we're going to have a little bit
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of q a but remember we're not going to be offering any kind of financial advice if you are going to want
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to make an order i uh please make sure that you let you let steve know that you learned about him
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through action for canada and then also go to our web page on the home page is a link to the page
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that i showed you in the opening as well so steve my friend over to you well i thought i'd throw this
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in here folks just for a reminder that the the bull market in gold is still very much in in place
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and you can see what's happened over the last couple years this chart goes back to november 22
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i should say three years i guess every 20 rally it seems in the futures price of gold um is followed
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by a you know a pretty harsh and and quick pullback and we've seen that again over the last uh few weeks
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over on the right hand side of the chart there we've pulled back right to about four thousand dollars
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u.s dollar terms in gold and that's right about in line with this uh bull market that we're we're
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witnessing and uh just to you know settle the the nerves and some of the emotions of the people out
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there uh the long-term trend is still very much in place central banks are still buying uh over a
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thousand tons of gold a year and um silver's following right along in fact silver's up on a
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percentage basis about the same as as gold this year so it's it's uh likely that this uh this
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chart and this trend holds that this four thousand dollar level for gold is is going to hold and in
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my opinion probably a pretty good opportunity to uh buy poor man's gold silver although if you do want
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to buy gold we obviously have some of that too here's a chart that um i also come across here the
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other day it goes back to 1929 uh and illustrates how every time we've had a 10 drop over course of
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six days which is what we just saw the violent one uh gold has recovered and proceeded to uh push higher
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in fact in the last violent attack on the gold price uh pull back if you will back in um march of
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2020 we had a similar event where we uh pushed uh or where we got knocked back 10 in six days and
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within two months we were back up 14 so and uh you know and keep in mind this is all sort of
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futures market trading 95 of all this trading doesn't involve any physical metal at all it's all
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paper players in london and new york and in some cases asia
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and um very little bit uh these contracts ever settled in gold or silver in physical form
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and so what's the gold price and i always get a kick out of this because uh it depends on what
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currency you're looking at but you know today i looked it up in an argentine pesos you've got a
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585 000 peso price for an ounce of gold in russian rubles 318 000 rubles for an ounce of gold so it
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always depends on what form of fake money you're measuring gold in because gold as you know is
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true money sound money hard money real money and uh really truly we should be measuring currencies
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in terms of slivers or or slices of gold a a peso should be one 585th 105 585 thousandth of an
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ounce of gold really truly and if we did that i think we'd uh we'd all have a better sense of
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what gold really is but obviously that's not how anybody prices gold today we always look to the fiat
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price and you know we're all married to fiat so that's how it works but uh one day we'll be measuring
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you know fuel and and baskets of groceries i i believe in in terms of weights honest weights and
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measures of gold and silver and uh in fact there's a video circulating online in venezuela we're talking
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about venezuela earlier uh where a shopping mall is is accepting payment in uh grams of gold and
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everyone's carrying around little flakes of gold and that's how they make payment at the mall so this
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presentation is really about like i've done before who wants to buy gold at 90 off and um some of you
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know the answer to that and some of you have been doing that and i'm just here to remind you that
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the opportunity is is still very much alive and we're just getting started really we're just uh
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maybe halfway through the second inning in this very long ball game to use a ball terminology i like to
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take people back a little bit uh to the historical uh role that silver has played uh throughout the ages
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thousands of years actually and that was one as money and uh right up until 1934 when fdr went after
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the american citizens gold and silver a lot of people remember the gold confiscation not so much
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the silver confiscation but he wanted that too or they wanted that too and the reason they did is
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because it was money they couldn't control that the people controlled and when money hard money silver
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gold are in the hands of the people the people determine their own destiny and have control over
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the government and as we all know that's not the way it works today but it was once upon a time
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for a short period the way it worked until it didn't and um the other little clip there and it's worth
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noting that united states treasury back in 1942 held 3.33 billion ounces of silver
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and that's a number worth remembering because mine supply annually across the entire world
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is not a billion ounces today it varies between 850 and 900 million ounces and has been pretty
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consistent over the last dozen years well a single country the united states back in the 40s held three
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almost three and a half times almost four times really the total amount of global mine supply today
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gold and silver well silver we're talking about silver was money right up until
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the late 60s a group called the silver users association uh it had enough they lobbied congress to
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uh stop or halt all production of silver coins in the states it took many years for the 60s there
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were multiple meetings with congress eventually it happened in 1969 we saw the last uh 40 percent clad
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we call them clad silver dollars they were 90 percent the quarters dimes and half dollars until 1964 in the
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u.s and then they were 40 percent just the 50 percent what's just the 50 cent pieces until 1969
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the reason they were halted at least the cover story was the industrial properties that silver holds
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and continues to hold and is growing and you can see the quote on the right there is no longer
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sufficient silver available for use in the coinage system to meet the expanding needs of commerce in
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this country and um that's where we're going next is to the industrial side of silver
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some of you that have been on the line previous have seen me present some of the numbers from the
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silver institute every year they do a silver survey and in 24 they give us all the 23 numbers and
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there's a lot of controversy over these numbers there's people like keith newmeyer the president of
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first majestic silver who doesn't even participate he's one of the largest silver miners in the world
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they are because the numbers are massaged quite a bit and uh you can listen to him talk about these
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silver institute numbers but in a general sense the numbers that they do deliver are you know
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reasonable and they can tell from certain public companies especially the larger mining companies who
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are public um what is the mine supply on an annual basis and what is the overall demand and demand
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there's no question from solar and from battery tech and green tech if you will is overwhelming supply
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and did again in 2023 the deficit was large a few hundred million ounces and you can see that supply
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was down especially in mexico there were a number of reasons from that before that
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but more importantly also part of the silver institute study was that the lbma warehouses lbma stands for
00:26:16.520
london market bullies london bullion market association were very much in uh free fall and um
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you can see some of the stats there the global identified report of reportable stocks that is
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above ground bullion in london fell by 388 million ounces and um demand continues to investor demand
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continues to to uh stress those reserves and that continues today so this was back in 19 whoops in 2022
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now this is a fellow we've been following recently and he um he works with the td bank believe it or not td
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securities his name is daniel golly and in april
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of 2024 i started poking around and and uh listen to what he had to say
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he's been following very closely these supply or these about this above ground supply in london
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especially and noting the demand upon those reserves and and the fact that a lot of those
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reserves a lot of that silver is held in storage for a big etf called the slv
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and the custodian believe it or not of that large stockpile of silver in london is jp morgan
00:27:47.920
so there's uh we've known for a long time they're playing games with that that uh that actual metal
00:27:55.400
shell games if you will and and that the supply was falling beyond what they were reporting well this
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guy's dug into it and done some pretty good research and really made the call back in april 2024 that
00:28:10.240
that what was uh anticipated previously to be a stockpile of silver that could take many many years to
00:28:18.040
deplete and you can see what he says there he believes now that this could potentially be challenged within
00:28:23.920
12 to 24 months that is a complete draining of the lbma reserves
00:28:28.340
pretty shocking information intel especially coming from a banker
00:28:35.060
who uh uh maybe uh is working for the for the white hats and not the dark hats but we'll see
00:28:43.080
so we skip forward to the 2025 world silver survey which uh delivers you know the numbers as best
00:28:51.880
they can from 2024 and we see a giant surge in silver imported to india now indians as many of us
00:29:00.300
know are very fond of gold they bank with gold uh gold is in the dna of of the indian people they use it
00:29:08.420
as collateral uh throughout the country there's millions of people involved in the gold trade
00:29:13.860
and there was a large large move movement that was consistent over the course of the year
00:29:22.440
247 million ounces of silver is a almost a third of uh global mine supply which is truly startling
00:29:34.680
and now some of that obviously a lot of that was for their tech industry down there and it could be
00:29:39.560
tech companies that are ramping up uh their supply so they can stay in business you also saw an
00:29:45.960
extraordinary extraordinary jump 195 percent of bullion uh to 38 million ounces the second largest
00:29:54.140
increase in bullion when they say bullion that's fine metal that's 999 refined emerged in japan
00:30:01.040
hong kong import you can see rose and industrial demand was up again by four percent the deficit was 15
00:30:07.660
percent of global mine supply so again for the seventh sixth or seventh year in a row there is
00:30:13.120
far more demand for silver both from industry and from investors than is mined worldwide and those
00:30:22.540
deficits over the last few years have been drawn from various above above ground reserves like in
00:30:28.620
london where we've seen some stress over the last few weeks and where we've seen what is a short squeeze
00:30:33.720
uh playing out and what uh has got a long ways to go so here's a chart of indian imports from 2024
00:30:40.060
and you can see the uh giant move this is tabby's chart um in line with what the silver institute had
00:30:48.880
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you can google this article this was really interesting to me that india has announced that they're
00:33:06.040
changing their banking guidelines to include silver being used as collateral in india and the collateral rules
00:33:18.040
call for 10 up to 10 kilograms of silver or a kilogram of gold though previously silver wasn't recognized by the
00:33:26.520
banking industry in india as a metal that could be collateralized that could be used as money basically
00:33:35.080
and effective april 2026 they're going to change that and this has really i believe going to have some really
00:33:43.640
significant consequences on silver supply uh as indians who are you know 1.5 billion people and then the
00:33:53.080
surrounding you know asian communities who are all you know somewhat gold buggish start to move to silver
00:34:02.280
which is poor man's gold in a lot of their eyes and it's just as pretty and they wear it just as much in a lot of cases
00:34:08.120
so it's now possible that an indian uh citizen can pledge up to 10 kilograms of gold and the the ratio
00:34:16.840
is in it is interesting to me the 10 to 1 ratio 10 kilograms of gold obviously isn't the same value
00:34:24.520
as a kilogram of gold right now you need 80 kilograms of silver to meet the the rupee or the dollar uh value
00:34:32.520
in dollar terms of a kilogram of gold and so there's some correction to come and we believe and
00:34:40.600
this is part of my pitch that silver is the way to own gold at 90 off and uh it looks like some of this
00:34:48.840
is manifesting in india which is very interesting where billions of people rely on gold and now silver
00:34:55.320
as a means to keep their grocery baskets full so the walls are closing in fast the lbma reserves have
00:35:03.640
dropped considerably and um there's some some suggestion here 700 million ounces but 450 million
00:35:12.680
ounces of that silver is held in storage jp morgan as i said is a custodian and it's not supposed to be
00:35:21.640
let out leased or or uh uh used as as uh collateral in in other uh uh paper instruments or four other
00:35:33.880
paper instruments a lot of paper games going on with this silver and and there's ways that the uh cartel
00:35:42.600
uh i call them the gold cartel in london use this silver uh to plug the holes from time to time that uh
00:35:51.000
appear in the dike and here's golly again most recently in september telling us that silver
00:35:59.880
appears to be entering the end game as renewed investor interest eats away at the last dregs of
00:36:05.080
above ground stock calls a shocking you know statement really coming from this banker and then
00:36:11.400
he says if investment demand picks up as we've seen happen from previous easing cycles he's talking
00:36:15.800
about interest rate cycles and we're in an easing cycle if you will interest rates are falling
00:36:20.600
stock bonds could be depleted within four months well
00:36:26.920
this is what we've been talking about for many years it's it's it's just a bit shocking to me to
00:36:31.960
see it in in print coming from a banker and then splashed all over kitco and all over the media and
00:36:36.760
especially in asia i love this chart this is the adjusted for inflation chart from 1980 when silver
00:36:45.000
adjusted properly for inflation uh was near 700 us and then for most of the 80s and 90s was suppressed
00:36:54.120
and pushed out of the uh spotlight entirely as the entire boomer generation the western world ate up
00:37:00.440
financial instruments and stocks and bonds and everything but silver and gold but guess who was
00:37:04.920
eating up all the silver uh industry and especially the tech industry the electronics industry all the
00:37:11.960
see cell phones all the keyboards every gadget known to man every smart bomb every smart appliance requires
00:37:18.680
silver and there's really no replacement so the industry really did benefit from cheap silver through
00:37:24.920
the 80s and 90s and uh at the turn of the the decade or the the century that's changing a little bit
00:37:32.920
now but the demand i mean from especially green tech is is as is uh is is surging so here's this clip that
00:37:44.520
tanya talked about a little bit about why silver and gold didn't uh manifest or or
00:37:55.240
the the the prices didn't move like they should have through the 80s and 90s as everything else
00:38:01.800
moved higher gold touched 850 in 1980 gold silver went with it at a 50 to 1 ratio to just over 50 dollars
00:38:10.520
and theoretically everything that went up since then your your your real estate your lumber your
00:38:17.000
tires the dental work groceries obviously and gas went up up up up through the 80s and 90s and silver
00:38:23.800
and gold fell 75 up to 85 by the late 90s and that was by design and the people that doing it uh
00:38:33.160
benefited greatly from selling you paper assets paper instruments and keeping you plugged into the
00:38:38.360
system and one of their great fears obviously and it's manifesting now is that silver and gold are
00:38:44.200
starting to send signals and as they do people start to pay attention and silver and gold get
00:38:51.000
some press especially some good press and as that happens it's a snowball effect and more people want
00:38:58.280
it well this is the death knell of this scheme that these bankers have been using for years physical
00:39:03.960
offtake is going to break uh this shell game that they've been playing for a long time by some
00:39:09.000
estimates 300 ounces of silver have been created on paper and trade in the paper markets for every
00:39:14.920
single ounce of physical silver and it's not going to end well for them up till now you know they've paid
00:39:21.000
their fines and they've they've uh you know slipped uh away from the handcuffs and away from jail time
00:39:27.560
obviously but it's uh it's eventually it's going to play out and it's not going to be good for
00:39:38.040
this game is obviously known to some of the smartest gold buyers in the world and
00:39:42.040
last year about this time we saw india repatriate 102 tons of gold from the bank of england where
00:39:47.320
they'd been keeping most of their gold almost a thousand tons uh india claims 855 tons they now
00:39:55.080
say they've got 510 of those tons back within the country why because keeping valuable assets closer
00:40:01.640
to home and on in the hands of the bankers where they can be used to um re re where they can be
00:40:09.000
rehypothecated as a term or used as collateral for other leases and other loans is not what india wants
00:40:17.560
so it's it's it's a real significant move that a year ago we saw india do what a lot of us are doing
00:40:27.320
what i suggest doing and that is keeping your valuable assets in your own possession and not
00:40:32.440
with a broker not in a safety deposit box and um not in a bank obviously
00:40:39.400
entry gold accounts for 9.3 percent of india's total foreign reserves
00:40:48.520
this is a chart that a lot of us been talking about over the last year it's a uh a double cup
00:40:53.880
and handle it's it's it's you can see the two cups here i don't have a pointer but this chart suggests
00:41:02.520
that silver by the end of the decade could be in the many hundreds of dollars an ounce what it doesn't
00:41:07.240
suggest or what it doesn't really illustrate is is the extreme stress uh on the physical silver coming
00:41:14.360
out of the ground and above ground stockpiles and it doesn't illustrate this 300 to one ratio of paper
00:41:19.640
to silver physical silver uh this thing could uh you know completely be blown apart when this squeeze
00:41:28.360
that i believe is coming is is uh really hits you know the the fan if you will so this this chart
00:41:35.640
suggests 600 to 800 us silver by the end of 2024 if you expand it out and it's long overdue and like we
00:41:43.560
just saw in a proper fear fair and free market uh properly adjusted for inflation at the very least
00:41:51.320
we'd have a 15 to 1 ratio against gold which would put silver into the many hundreds of dollars an
00:41:55.640
ounce 250 300 an ounce today but the fact is that silver is used and and all the mine supply is used
00:42:02.920
used and then some and gold really just sits around this is an extremely interesting chart to me
00:42:13.080
it it illustrates the silver to gold ratio which for many hundreds of years hovered between 10 and 20
00:42:21.400
right up till sort of the turn of the century world war one there's only been three times in this
00:42:29.160
this 338 year chart that the silver gold ratio has been above 80 for longer than five years we're in
00:42:38.920
that zone still the silver to gold ratio is still about 80 to one despite supply in the ground being seven
00:42:46.760
to one and again all the silver mind is used and then some all the gold mind is not it is all still
00:42:56.600
above ground and hanging around the necks of uh indian women and uh various other women from other
00:43:04.280
nations but also used as a reserve by a lot of the central banks in the world still it's it's now you
00:43:11.000
know and many of you know this a tier one asset and the banks treated as such and the demand from central
00:43:17.480
banks is growing not shrinking so this is a very interesting chart the the chart suggests that
00:43:29.400
this deviation this 2.6 standard deviation above its long-term uh historical ratio cannot last and we
00:43:39.880
should see silver the silver to gold ratio which i believe in a fair market would be about 10 but it
00:43:47.720
should return back to its historical average which is 29 and you can see some of the other comments
00:43:53.960
there we have yet to see a decisive breakout above the true previous peaks here's an important reminder
00:43:57.800
that triple tops rarely hold so in my opinion if you're sitting on a bunch of gold and i've helped
00:44:04.360
make this trade for a number of people gold or silver if you have gold for silver where you're
00:44:12.280
sitting on 80 ounces of silver for every ounce of gold and i believe now is the time to make that trade
00:44:20.120
the silver to gold ratio has never been higher can only go lower and when it goes lower and it will to
00:44:27.560
50 29 10 7 3 perhaps par i know people that think silver should be trading higher than gold then you
00:44:35.240
can trade your silver back for gold not that it's going to be any less heavy but if you're so inclined to
00:44:44.760
hold gold that's a pretty good trade 80 to 1 today and par tomorrow on the extremes
00:44:53.320
here's our friend golly from td securities again talking about just recently just just a few weeks ago
00:45:03.400
about the free float that is the available silver in london being well below average
00:45:12.200
resulting in an unprecedented rise in lease rates now i don't understand exactly how silver is leased
00:45:20.520
but banks pay a fee to borrow silver on paper and there's a lot more borrowing going on on paper
00:45:31.320
obviously than there is physical silver and the lease rate spiked here over the last little while
00:45:39.640
sharply as as you can see and again here's our friend daniel from td securities blasting this out to
00:45:47.000
everybody on the internet which again is quite shocking and and included in his post or a couple
00:45:52.360
of other charts that are very revealing the guy is on his game and it's surprising to me that he still
00:45:59.960
works at this bank what's interesting is that td was in the news recently and that they put on a a short
00:46:10.520
trade at 48 dollars an ounce and closed it out over 50 dollars an ounce and suffered a 2.3 million dollar
00:46:19.160
loss and golly again is quoted in this article and telling you know uh the reporter that the as expected
00:46:29.880
you know the supplies have been squeezed the silver release rates exploding higher but it makes no sense to
00:46:35.720
me why key uh with all of the intel he's been sharing is part of this you know this this uh
00:46:45.800
position uh anyways they put on a short i guess feeling that the that the these 50 dollar prices in us
00:46:54.440
dollar terms was going to cause a bunch of metals to shake loose and and and uh investors are going to
00:46:59.960
part with it well it's the exact opposite and i can be i'm a witness to that in that i've i've sold uh
00:47:06.920
for the for every 10 people walking to my shop nine are buyers right now and have been over the last month
00:47:11.640
uh virtually no sellers and this is happening all over the world so these pullbacks uh like we've seen
00:47:19.000
here recently don't really work the way the cartel hopes in fact they don't work at all like the cartel
00:47:25.560
hopes they're hoping they're going to shake you they're hoping uh they're hoping that you'll sell
00:47:31.320
some metal back to someone like me and it might end up in their hands and that's not the case over
00:47:36.840
the last month i've sold more metal than i have all year in fact this morning i had 5700 ounces of
00:47:45.400
silver arrive on a courier 11 boxes i was tempted to take some pictures of it but we had a giant delivery
00:47:52.440
this morning deliveries have been backed up we've got probably 40 or 50 orders in the pipeline that
00:47:56.760
haven't been delivered and that pure later only picks up 400 orders a day out of calgary for us
00:48:01.720
and we're doing far beyond that so it's it's interesting the psychological psychological operation
00:48:08.280
that's going on and it is backfiring on the banks but to see td get hit by this silver train
00:48:14.600
trying to get cute with with their uh with their leveraged position is is uh it kind of puts a smile
00:48:21.560
on my face this is what the banks have been doing for years uh the question should be why why is td
00:48:27.800
shorting silver at 48 an ounce uh who is their client do they even have a client theoretically
00:48:35.240
uh they don't mine silver they don't produce any silver um theoretically there should be a client
00:48:40.840
they're acting on behalf of but uh it's not what i suspect i suspect they uh probably had a big
00:48:47.000
argument in the boardroom and and someone got the got the better of daniel and and put on a short and
00:48:54.120
paid for it so this was a post from a fellow i follow in switzerland you know don't be fooled by
00:49:00.040
the latest price drop the lbma he says is in panic mode when he talks about t plus one he's talking about
00:49:07.480
plus one week so settlement plus one to settlement plus eight weeks rumors of 10 weeks vaults are
00:49:14.200
practically empty only etf silver remains that etf silver is owned by investors but no investor has
00:49:25.240
a claim on it so it's that age-old story who really owns that silver how uh how much rehypothecating
00:49:33.080
is going on how many claims on that silver are really in place and who's going for the actual
00:49:40.360
silver and as we saw earlier india went and repatriated all their gold out of uh the bank of
00:49:47.800
england which is different from the lbma warehouses but the premise is the same we don't want anyone
00:49:53.560
holding our gold or silver anymore and thank you very much we're going to take it and i would suggest
00:49:59.480
anybody that's in an etf especially the slv do the very same thing sell that thing because you're
00:50:03.960
never going to own silver uh those shares really aren't a claim on silver they're just a proxy for
00:50:09.960
silver and unfortunately nine out of ten people that invest in the metals don't end up with any
00:50:14.040
physical metal it's it's a funny the funny uh paradigm we have in the west and you can see some of the
00:50:22.600
the other comments here that mr steiger made government mints uh completely tapped as the
00:50:29.480
wholesale market eats up all the silver uh mints in canada south africa australia i saw a number of
00:50:36.840
uh youtubes and and uh twitter feeds from people who were uh scanning websites in england everything
00:50:43.400
was sold out scanning websites in poland everything was sold out japan was the same thing there were no
00:50:48.040
small weights of silver uh we'll see what happens from here but the next price targets aren't
00:50:53.400
staggering in in my opinion 63 us 80 dollars that's a lay down uh in my opinion in a fair market today
00:51:00.600
we'd have 250 today but we don't have a fair market but possibly we're getting close possibly we end up
00:51:08.040
with a a cash market one day this again reporting out of india business line is a indian newspaper
00:51:15.000
talking about the structural the structural shortfall that is the difference between
00:51:22.040
all the mine silver and all the silver demanded uh is is very much in play with seven years of
00:51:30.280
structural deficits the squeeze in silver has led to an interest rate for borrowing the metal from banks
00:51:37.320
to over 30 percent data shows silver holdings in the london vault have dropped by 30 percent
00:51:45.320
supply crisis never before has the canadian mint failed to deliver these bars to the market
00:51:50.280
australia's perthman suspended all silver products so at the very worst we're seeing delayed deliveries
00:51:56.360
i'm a witness to that again uh we've got some orders that are backed up now two to three weeks
00:52:02.040
those delivery times are probably going to get longer i'm sure they're going to get longer
00:52:07.320
and a reminder that canada's banks are not the pillars that we've all been led to believe
00:52:13.400
and that you're not richer than you think and it's only a a song and dance that they play on the on
00:52:19.400
the hockey game many years ago not that long ago actually our banks were bailed out to the tune of
00:52:25.320
about 225 billion that included money that went to um the um the mortgage insurer cmac and it's not cmac yeah
00:52:34.920
canada mortgages housing corp they got a bunch of money and the report goes on anybody can google this
00:52:41.240
the bmo at the time received 34 billion dollars and at the time it was greater than
00:52:45.880
their market cap so canada's banks are not in good shape and uh bailing them out didn't help
00:52:54.360
the situation at all in fact it made it worth much worse kicking the can for the last 14 years has
00:52:59.400
made it much worse and um i would suggest keep as little in the bank as you possibly can enough to pay
00:53:05.640
your bills and keep your savings and and the money you've worked so hard for in real money not fiat money
00:53:12.840
and uh and and make a move when you can if you can it's not easy sometimes so just to review i'm a
00:53:21.880
wholesale agent for silver gold bull we've done 135 million dollars with silver gold bull over the
00:53:27.320
last few years a beautiful company i know the owners personally there's 75 people working in calgary
00:53:34.120
founded in rocky mountain house since 2012 almost 500 000 five-star reviews
00:53:38.600
uh payment is really easy to make we accept bill payments uh from all the major banks right from
00:53:45.800
your account to two hours you just add us as a payee throw in our a4c account number it's there um
00:53:53.080
enter an amount obviously hit click send and the money arrives the next day delivery is guaranteed and
00:53:59.480
all the years i've been working with silver gold bull i've known one shipment for about nine thousand
00:54:04.920
dollars where the material go missing uh to vernon actually it was a pure later delivery in vernon that
00:54:10.120
never showed up we believe it was an inside job um the metal was quickly uh delivered to the client
00:54:18.440
obviously and then we deal with the insurance company in the very unlikely event that something
00:54:22.920
goes missing now uh with pure later recently and the loads they're handling canada post we've had a
00:54:28.200
couple incidents where they're not getting to where they should because they've got such a workload
00:54:33.160
so they're leaving they're leaving uh orders at pure later stores that can sometimes be an hour's
00:54:38.680
drive from where someone lives in a northern ontario or or northern bc but um we'll get the metal to you
00:54:47.320
and if it involves a drive well so be it it's it's a fact of life today that um that the metal uh gets
00:54:55.640
as close to you as we can 95 of the cases we're bringing it right to your door pure later is uh and or
00:55:01.080
canada post and just a little picture of my shop in colonna i took a bit of a stand against the
00:55:05.800
vaccines and the mass down back during 2021 got a little press for that i put signs on my door that
00:55:12.200
said do not enter if you've been vaccinated believe it or not and uh uh there was a bit of a kerfuffle in
00:55:19.880
colonna with the local fake news but uh everything's worked out and uh i had all kinds of support from
00:55:27.000
people like you folks listening and i thank you for that and it's been a a wonderful ride meeting
00:55:33.480
everybody and we've all sort of found our tribe and i'm i'm glad and happy that i did what i did
00:55:39.400
and because it helped me meet tanya and meet so many of you and and help you uh those that we have
00:55:45.560
helped i think we've done about 150 to 200 orders fraction for canada members and i love doing it
00:55:50.120
and uh if you want some help you know making this move i'm here for you and uh and uh thanks very
00:55:57.000
much i'll wrap that up and take any questions if if there are some thank you steve that was an
00:56:02.280
incredibly educational and informative uh presentation that you gave i like the uh details that you're
00:56:09.640
giving them regarding the banking system as well for years we've been saying they're not reliable
00:56:14.040
profitable and like we like to refer to them sometimes as the banksters rather rather than
00:56:19.800
the bankers be because of the nefarious dealings that have been going on especially at the upper
00:56:24.920
levels right we're not talking about the the tellers that you're face to face with uh you know on a weekly
00:56:30.600
or daily basis we're we're talking about those at the higher levels that uh especially in the tv bank
00:56:35.720
we've heard there's been a lot of corruption and we need to be able to um you know secure our assets
00:56:43.400
and you had mentioned the bank bailouts but i just want to remind our viewers that in the budget back
00:56:50.760
in boy that goes back a little ways it was pre-covid so i'm thinking 2017 or or 2018 2019 they had put
00:57:03.000
in uh they had included bank bail-ins in the budget which means that in a bank bailout the government will
00:57:09.720
bail out the bank it's still with our tax dollars but that's equally you know all all taxpayers are
00:57:16.760
are paying for that but the bank bail-ins go straight into your accounts and they empty your account out
00:57:22.200
and they your safety deposit box is not safe and they use your money to bail out the banks uh correct
00:57:30.120
me if i'm wrong uh but that was of great concern and remains great concern and they say oh don't worry
00:57:37.400
about it because you have the banking insurance but that is only up to a hundred thousand dollars
00:57:43.000
so really what steve is saying and again we're not giving you financial advice we're just advising you
00:57:49.560
what is going on in with the banking system and uh you know with the price of silver and gold etc so you
00:57:56.680
can make the best financial choice for yourself but if you invest in silver then you what was it it's
00:58:05.000
like if you can't touch it you don't really own it and i think steve that's what you were saying
00:58:09.320
yeah right is if you don't hold it you don't own it right and and so can you tell our viewers as well
00:58:16.280
because there's a lot of people that still think that rsps that was that was the biggest i don't
00:58:21.640
want to call it ponzi scheme but what what would you refer to that as riffs and rsps where they offer
00:58:27.640
you this deal at the beginning but they really get you at the end when you're now retired and you want to
00:58:33.480
take that money out people are being charged 40 you can't just go in and take all your rsps out
00:58:40.440
without being charged 40 unless you take a small uh a small amount like say you want ten thousand
00:58:47.640
dollars out depending on what your yearly income is you possibly won't pay any taxes uh you know on
00:58:54.360
that small amount but if you want to take out a hundred thousand dollars then you're in a little
00:58:58.840
bit of trouble because you're going to have to pay most likely the higher tax bracket and that's going
00:59:04.280
to be 40 but you also deal with quest trade if people want to get those riffs or rsps transferred from
00:59:15.640
the uh market into a hard silver you can help them make that transfer and give them some direction to go to
00:59:24.120
quest trade yeah it's it's it is possible to hold silver and gold within your rsb but the first step
00:59:32.520
is to activate with quest trade because they're the only company in canada that that enables that trade
00:59:38.200
if you will after you've got those new accounts set up you have quest trade broker uh shift uh some of
00:59:47.720
your portfolio all your portfolio to them you need to sell some of that to cash and then you appoint us as
00:59:52.520
your bullion dealer it's a simple form and then we can run an order and we can draw funds uh and us
00:59:58.920
dollars actually from your quest trade account you know what you were just talking about a government
01:00:03.480
bail in i think the most likely place the government goes because their flat ass broke is to registered
01:00:11.400
accounts those accounts have been assigned legally to the federal government of course i mean you know
01:00:20.440
think about the history of communist governments they will destroy the currency after they destroy
01:00:26.040
everybody's wealth but destroying you know they'll stay they'll cling to power as long as they can and
01:00:31.560
steal as much as they can in the meantime and registered accounts are probably where they're going
01:00:35.720
to go they're going to be the easiest places to go mm-hmm yeah it's it's concerning every way we look
01:00:41.080
at it unless you actually own it but then you can't uh people cannot and i don't think it's advisable to
01:00:46.680
store it all at your home because this is going to turn out to be the wild wild west uh you know i
01:00:51.880
sometimes i wonder if we mention pure later these these uh other individuals who at this point as
01:00:58.600
well are not actually canadians that are delivering this product to our door and there is a reputation to
01:01:05.000
be had there as well that there would be concerns about noting addresses um you know who are receiving
01:01:12.040
these type of shipments and i know it doesn't it wouldn't say silver on the package but people need
01:01:16.600
to think about this they they they need to consider where they're going to store this as
01:01:22.040
well because we want everybody to be safe and protected now steve i have the q a just loading up
01:01:27.880
right here and so let's try to do it where i'm going to give you a question and try to answer
01:01:32.520
it in 30 seconds type of deal and see if we can get through we probably won't get through all of
01:01:37.240
them because we're at the top of the hour uh but we'll try to get through a few and again we're not
01:01:42.040
giving you financial advice we're trying to work through these uh questions so that you can make
01:01:47.240
the decisions so ken has asked what happens to stocks when there is a fiat currency crash
01:01:52.680
do the stocks retain value as owners of viable businesses yeah i think everything denominated in
01:02:00.360
fiat goes to zero when fiat goes to zero yeah it's a loss a major major big loss and that's why we're
01:02:07.480
trying to you know advise people not advise not give advice but to inform you that you really need to take
01:02:14.040
a look at this as steve said have what you need in the bank to pay your bills do take cash out we want
01:02:20.840
people shopping with cash at the stores because they say use it or lose it so make sure that you have cash
01:02:27.720
on hand but at the same time be smart and have a balance in your portfolio howard has asked are
01:02:33.640
silver etfs like sprots silver safe to hold slvr yeah sprots sprots physical silver trust
01:02:44.760
is the only one i would ever suggest anybody owns the metals in winnipeg at the royal canadian mint
01:02:51.400
and the share uh is 96 percent secured by silver and you can move in and out of this etf
01:03:01.400
within your current rsp you don't need the quest trade option you don't need to go to quest trade to own
01:03:09.160
this instrument now you're never going to pull silver out of the etf but your dollar value
01:03:16.840
of your shares that are representations of that silver are going to potentially go much much
01:03:25.160
higher and hopefully when they go much much higher you'll be able to liquidate some of that
01:03:31.160
before the government comes to corral all your money out of your registered retirement savings fund
01:03:36.440
and put it into physical silver you can do it now you can do it later
01:03:39.960
but in the short term you want to expose yourself to silver sprots etfs is the only one i would
01:03:47.960
suggest okay super thank you okay so lenny asked steve the late ted butler ned steer from gata have
01:03:54.760
said years ago that jp morgan have a physical stash of silver of approximately one billion ounces
01:03:59.720
now that their short positions have been drastically reduced do you think jp had to give up some of their
01:04:04.920
stash to satisfy london's demands well that's a heck of a question yeah ted ted butler's been gone
01:04:13.800
for a year um it's it's highly likely you know that jp morgan could be bailing out to some degree the
01:04:23.080
lbma that's so short of silver and perhaps other bankers in in high places and charging a 20 or 30
01:04:29.000
percent fee uh to do that and making another you know bunch of money doing that uh i don't uh you
01:04:37.800
know since ted's gone it's hard to know what what positions are and no one's really filled that role
01:04:45.240
that ted butler uh served for us silver stackers all over the world he was a great man and and uh that's
01:04:54.680
a great question and he's he's probably right you know that it's it's probably been probably being
01:04:59.880
used to plug the plug the holes in the dike uh in various uh you know london and new york vaults
01:05:08.200
yeah well we can agree that we hope all these these fraudsters and banksters that well ultimately
01:05:13.560
they're going to pay the price i always say when they're going to stand before god you know honesty is
01:05:19.480
is in in integrity when you're robbing people blind that that doesn't go well so for thieves
01:05:24.440
and robbers so they'll either face it here on earth which i hope they do uh or they'll face it
01:05:30.920
on the day of judgment for sure okay what's to prevent alas what's to prevent government from
01:05:35.480
enacting gold and silver confiscation in canada they are on track to confiscate our property and
01:05:40.680
firearms as it is that's why i said about the wild west right don't give up your guns
01:05:46.600
yeah yeah i i don't think they're competent enough the thing about gold and silver when you hold it in
01:05:51.960
in physical form there's there's there's no there's no paper trail you know with a with a title to a
01:05:59.000
property uh registered at the provincial level there is a trail we've registered our properties
01:06:05.720
in the name of residents at the provincial level uh that resident is a fiction and and don't pay your
01:06:12.600
taxes for a couple years you'll find out who really owns your property there are no taxes paid
01:06:17.960
on silver and gold in physical form there is there is no registration required uh how would they even
01:06:25.160
know and again it's going to require you to volunteer that metal coming forward it's kind of like the gun
01:06:31.720
grab you know if you if if if the gun's never registered they're never going to know about it um
01:06:39.640
um you know i i i i think it's the last thing they're going to come for because it's not one
01:06:45.880
percent of one percent of us canadians hold physical silver and gold 99.9 percent of canadians
01:06:52.760
hold all their wealth and rsps and in real estate that's where they're going to go those are the easy
01:06:58.040
targets for a socialist communist government in my opinion right well there's enough uh firearms owners
01:07:05.880
in canada as well still and that's why they're working so hard to disarm canadians right is is
01:07:10.760
so that they can turn us into a socialist state and that's why we're having this show tonight
01:07:15.000
is to just say respectfully viewers our members you know please think about what we're telling you and
01:07:21.160
do what you need to to secure your finances for the future for you and your family and uh you know if
01:07:27.720
there's enough communities that are coming together and that's why action for canada is so ideal
01:07:32.120
if more people would just get on board and help us build chapters across this nation because then
01:07:37.480
you do have that community within communities of like-minded people who are dealing with situations
01:07:42.440
like this who are ready to defend themselves uh you know against whatever the government is going to
01:07:51.240
try and enact against us and hopefully i mean you know there's there's countries that have overturned these
01:07:58.920
corrupt marxist governments and we're going to hope the same like el salvador has made had a major win
01:08:04.600
and you've got melee in um argentina argentina things are happening huge massive win for melee this week
01:08:13.080
and it was very exciting to see and he's just taking his chainsaw to all the the globalist uh agenda and
01:08:20.280
just chopping it all up and getting them out um el salvador president what is it he locked up tens of
01:08:25.640
thousands uh was it of people who were involved in in the socialist takeover of their state of their
01:08:33.080
country and so we can do this in canada we're still the majority but we need people to get geared up
01:08:38.840
and understand that you know don't feel comfortable as the noose is tightening around your neck okay so i'm
01:08:44.840
going to try to get through um a couple more somebody said what is a triple top deborah asked
01:08:49.960
well a triple top is a sort of a charting term like we saw in that uh silver to gold ratio triple
01:08:58.120
top and the fellow who put that chart forward suggests it uh it's it's not going to hold they
01:09:04.600
never hold so this remember that chart was revealing a very high silver to gold ratio that is completely
01:09:12.520
out of whack and distorted of of 80 to 1 and it's been near there for five years this is despite silver in
01:09:19.400
the ground being seven to one seven ounces of silver every one ounce of gold it cannot last my
01:09:26.360
suggestion is now is the best time of all to trade an ounce of gold for 80 ounces of silver
01:09:34.760
and when we revert to a normal historical ratio 15 and probably much lower eventually
01:09:44.840
trade your silver back into gold and that's how you buy gold at 90 off right right that yeah that's
01:09:51.320
awesome okay uh somebody's uh thank you for your excellent information do we need to make an
01:09:56.120
appointment to come and see you or can we just walk in if you're in colonia you can just walk in
01:10:00.680
yeah pretty much call me ahead of time i'm not always there i don't really post hours
01:10:07.480
but it's a very secure location have a nice private meeting there's no cameras on but it's very secure and
01:10:13.160
okay yeah just just call me in advance if you're in the okanagan for sure absolutely okay and then
01:10:19.880
like we say come to action for canada's page it's on our home page that you can access uh steve's email
01:10:25.640
and uh you know have a conversation with him about potentially making a purchase yeah we've we've delivered
01:10:32.680
to the doors of uh virtually every action for canada member probably 95 percent of the orders we've done
01:10:40.200
for action for canada members have been you know delivered to the door courier insured courier yeah
01:10:45.400
okay um so would you recommend getting smaller amounts of silver i was looking today at
01:10:50.520
one to ten and quarter ounce coins well yeah i mean small amounts of silver are you know in my
01:10:59.720
opinion a a good idea for bartering in the future but when people buy bars and then i get this question
01:11:07.240
well how am i going to pay my mechanic with a big bar i say well you know what we're both uh both
01:11:12.200
parties are capable at least i hope we're still capable of using a ledger and a pencil
01:11:17.320
so if if there's some carryover let's say your transmission repair is fifty five hundred dollars
01:11:22.680
and and your bars were seventy five hundred dollars well two thousand dollars equivalent could stay on
01:11:28.040
account with a mechanic for the next couple of oil changes or your next visit you know same with
01:11:32.440
the grocer you know you could pay your grocer on a monthly basis with a 10 ounce bar and any
01:11:38.200
hundred dollar difference for or against could be carried over to the following month
01:11:42.440
but um you know as long as you know your grocer you know your mechanic you know your dentist
01:11:46.920
but for you know small items that you might be buying at a at a farmer's market for example and
01:11:52.520
walking away you know having some in my opinion old silver half dollars canadian half dollars
01:11:57.880
quarters and dimes a good idea each half dollars point three of an ounce and they're still affordable
01:12:02.600
a quarter is 0.15 of an ounce and you know it's like a 10 12 bill today and and that's a uh a nice
01:12:08.920
weight to have and i generally do have that on hand it's it's almost sold out everywhere on the big
01:12:15.240
online theaters but i keep a lot of it around because i do see it come in and off the street from time to
01:12:19.800
time okay um yeah sounds good okay uh storage can be oh that's a comment we use our silver gold well
01:12:28.920
what i was going to say as well in previous shows uh there's been if if it really came down to it and
01:12:33.880
people um be at cash was to completely collapse and have zero value um other other options were
01:12:41.160
cigarettes and alcohol that you could pay or trade with so those were those were a few items you might
01:12:47.880
want to stock up on as well i don't know a couple mickeys of this or that i don't quite condone the the
01:12:53.000
the alcohol but if you're the hottest current the hottest currency in jail where men are in oranges
01:12:58.040
and bacon okay there you go all right um i'm just scrolling down a little bit we're running out of
01:13:04.680
time here uh regarding the g s ratio gold silver ratio yeah yeah what ratio would you suggest using
01:13:13.000
silver to buy gold well right now probably right what is 10 1 or higher was it 10 1 or higher
01:13:19.560
yeah i i you know right now with the ratio where it is it's time to buy silver and uh if i got the
01:13:28.200
question right turning your silver back into gold i believe at a historical ratio which we had until
01:13:34.120
about 1980 of 15 would be a reasonable number but you know the fact is all the silver every year is being
01:13:42.600
consumed and then some by industry and investors collectively that's been the case seven years in a
01:13:47.960
row a lot of silver ends up in the landfill and that phones and keyboards and and smart appliances and
01:13:54.920
solar panels and batteries that are that don't run without silver end up in the landfill unlike gold
01:14:01.960
all the gold evermind is still above ground nobody throws it away it's all still above ground uh so much
01:14:10.360
silver ends up in the landfill and and uh it's it's a great time to trade gold for silver i've helped a
01:14:17.960
few of your action for canada members do it okay and you know i think one one gal is 15 ounces of gold
01:14:25.480
ended up being uh what was it about 1200 ounces of silver it was a great trade okay all right but
01:14:31.880
personally i personally think silver is more valuable than gold the world does not run without silver it's the
01:14:38.120
second most widely used commodity on earth after oil and life as we know it does not exist without
01:14:44.600
silver air and air water and silver yeah because you were seeing uh what were some of the items that
01:14:50.600
uh well they're in cell phones you said that ai you i think you had said to me when we were talking
01:14:56.440
that you know if you want ai just to come to an end stop selling your silver start putting it stop
01:15:01.320
putting it back in the market because they desperately need silver in order to advance ai
01:15:08.920
that uh the solar and the batteries there's a new samsung battery apparently out it's it's i think it's
01:15:16.120
out it's it's a car battery for it's got a 15 minute charge time apparently in 900 kilometer range
01:15:25.320
apparently it requires a kilo of silver equivalent if 15 of all electric car owners were to switch to
01:15:33.480
this battery and that's a reasonable number no one did the math it would cause another 460 million
01:15:39.000
ounces of demand on silver that isn't there remember global supply is 850 million ounces it's just not
01:15:47.160
there no yeah it's it's an incredible time that we're living in right now i mean there's definitely
01:15:52.040
silver in the ground but it's gonna as you say it's it takes time it takes years it's virtually
01:15:58.040
impossible here in british columbia there's no incentive to do it no no and uh like up north we
01:16:04.040
have wonderful opportunities to be bringing silver out of the ground and uh the bc government has has
01:16:11.320
made it near impossible okay so i'm gonna do one or two more questions so charen has said uh so if a
01:16:18.120
person buys gold that they can physically hold in the event they need to sell do they go directly to
01:16:23.320
sun city silver if so do they get the current daily sell rate or are they at the mercy of whatever
01:16:29.480
price they can get how does that work well all the reputable dealers will post a buy rate on their
01:16:37.560
websites typically that moves in real time with the spot price in the futures market if you go to our
01:16:44.680
website right now there's a little button that silver gold bulls website it's not my website
01:16:49.000
there's a little button on the right hand side says sell to us and and uh you can plunk in your gold
01:16:55.720
maple or your 10 ounce silver bar and you'll see exactly what the price is they're paying
01:17:00.360
at that moment and it's near spot now in a tight market and there's been tighter markets uh almost as
01:17:06.920
tight as we're having that we're dealing with now i've paid as high as six dollars over spot for
01:17:11.640
silver maples back in 2009 in cash uh today i bought a gold maple off the street from a fella
01:17:18.360
and 50 under spot so near spot or a little bit under for gold but a lot of dealers are paying over spot
01:17:26.360
quite a bit over spot for silver right now if you've got certain products that they're looking for
01:17:33.080
okay so steve thank you for that uh we are going to wrap up the show now and i i tried to cover as many
01:17:39.480
questions as possible i could it was hard to scroll through them they were coming up from different
01:17:43.160
directions i want to thank you so much for coming on but in closing what do you what do you hope that
01:17:48.840
people are going to take away from tonight's empower hour and maybe more specifically not just
01:17:55.640
in terms of investment moves but uh how shall i say in mindset and awareness for the future
01:18:02.680
well i i recognize a few of the names on the chat and i know that those names i recognize
01:18:09.800
because they bought physical silver and good for you and congratulations to you folks for
01:18:13.880
for being so prudent i i guess i guess you know my message is that every fiat currency the world's ever
01:18:21.320
known has eventually reverted to its its original value which is paper which is toilet paper really
01:18:27.640
and you know everybody with assets in that system is enabling that system it's it's really it's satan
01:18:36.120
system the debt-based money system is a creation of the dark side of of life is that you know satan if you
01:18:44.760
will and and we've been enabling it enabling our own slavery the whole time we've been plugged into it
01:18:53.240
right right they need us it's like the matrix they need us and our assets plugged into their system
01:18:59.320
in order to enslave us and it's it's it's time to end it you know at least get your savings and get
01:19:08.680
control of your savings it's not easy every broker out there when any client asks about moving into silver
01:19:15.560
and gold from an rsp gets a big rigmarole and they talk nine of the ten people out of it to be honest
01:19:24.040
and it's it's you know it's you're gonna have to be as tough you know with your own wealth as you've
01:19:31.960
as you were with your own health standing up to vaccine mandates it wasn't easy and we took a lot
01:19:38.040
of heat for it and we're called a lot of names for it uh be prepared you know to be called a few names
01:19:43.400
over over this sort of move that you're making with your own money don't be ashamed of it um silver and
01:19:49.640
gold have never failed to be money never once they've never gone to zero they've always been
01:19:55.400
true money and and fiat currencies every one of them at the same time has failed and you don't have
01:20:00.840
to go far to find someone who remembers that failure firsthand whether it be someone from
01:20:06.200
poland or greece in the 70s or someone more recently argentine or venezuela they're out there and you can
01:20:11.320
talk to them you can get online and and and hear their stories what a horror show it is and uh you
01:20:18.200
know i'd like to remember you know remind people that communist governments destroy the currency
01:20:22.280
every single time right yeah it's part of the strategy it's number one well and can i just give
01:20:29.080
an example before we wrap up here of the power of the people was when trudeau i gotta shake my head
01:20:35.480
i'm not gonna i'm not gonna call him pm because it just it's it's just all kinds of wrong but that
01:20:41.000
guy when he went to uh because the emergency act was never initiated in response to covet he tried to
01:20:49.560
enact it in response to the truckers and once he started to go into the uh bank accounts of of people
01:20:57.720
the private bank accounts he he then was going to enact the emergency act and it was the banks who reached
01:21:04.360
out to him and said stop what you're doing and the reason was is because there was a flood of people
01:21:10.040
going to the banks to take their money out and so the banks were panicking because they they were
01:21:15.400
having a difficult time as you know they hardly keep cash on hand now and people were wanting to say
01:21:20.280
like you can get my ten thousand dollars in here i want my cash i want to take it out and so we have
01:21:25.400
that power right now that if people were to go to the banks and take out all of their savings except for
01:21:31.080
what is needed to pay their bills the banks will start to crumble and because of what jp morgan is
01:21:37.320
doing if i'm understanding everything you know part of your presentation and talking about jp morgan this
01:21:43.480
is going to catch up to them now they're probably uh making those investments for themselves and and
01:21:50.520
the people behind this may survive it but the banking system could collapse if the majority of canadians
01:21:57.800
and citizens around the world would do their part in removing their savings from them and it can be
01:22:05.080
difficult to do especially right now and that's all strategically planned is because people are paying
01:22:10.040
living paycheck to paycheck barely being able to pay the mortgage or the rent so just one final comment
01:22:16.200
on that steve to reply like what is a final word of encouragement that you would say to canadians like
01:22:24.680
pay cash bring cash buy your groceries with cash do things like this but is there anything else that
01:22:29.720
you could recommend well it's funny you mentioned jp morgan because jamie diamond the chairman of jp morgan
01:22:37.880
just suggested that ten thousand dollar gold wasn't uh it wasn't a stretch at all just i think it was a
01:22:43.960
couple of weeks ago so it's kind of funny but uh you know the reality is our banks already collapsed
01:22:49.640
they collapsed back in 2010 2011 2012 they just covered it up and bailed them out with 220 billion
01:22:56.840
of your money and it cost every man woman and child in the country the equivalent is a 3500 dollars to
01:23:02.680
keep bmo scotia bank and cibc alive i guess my message is you know you've got another chance here before
01:23:09.400
this this uh s hit hits the you know the fan again uh because had you had had had we not collectively
01:23:19.000
bailed them out you would have lost all your money in those three institutions so here you've been
01:23:25.720
given a reprieve you still have it in there and there's still a chance to to move it and i i believe
01:23:32.680
every day you don't you're playing russian roulette because i believe these people are completely
01:23:37.720
incompetent that are running things in ottawa and victoria and um you know this budget issue and
01:23:45.240
and and the the uh the names they're calling other leaders and we know who they are they're acting like
01:23:52.120
children uh we could see a real currency crisis in canada just like in venezuela and just like in
01:24:00.840
argentina and you just saw that stat you know the price of gold in argentinian pesos is 465 000
01:24:07.240
well you know argentina is a country very similar to canada it's got a lot of resources wealth on the
01:24:15.160
ground the population is about the same mainly western european immigrants you know from years
01:24:21.000
gone by tell me tell me what's different tell me what's different run by socialists for years we've
01:24:28.680
been run by socialists for years yeah the only reason we haven't collapsed i think is because we're
01:24:33.480
joined at the hip to this empire to the south and we've been lucky to be joined at the hip to this
01:24:40.040
empire to the south and they've protected us and we've been you know a big trading partner but if
01:24:45.240
man if we screw this up look out for your loonies they're going they're going to the floor yeah yeah
01:24:51.960
and and the current government leaders i i don't know that they're incompetent i think they're just
01:24:58.600
extremely corrupt and lack any kind of conscience and uh you know the almighty dollar in control has
01:25:05.400
taken control of their soul and and and this is something that will be the demise of canada if we
01:25:11.640
don't turn things around but again just thank you steve so much for being on the show um if people want
01:25:17.640
to get in touch with you again we request that you go to our home page and click on the link that will
01:25:24.600
be provided and and you'll find the information and the email to contact steve directly and ask
01:25:31.640
your questions and make your purchases so god bless you steve for the work you're doing thank you for
01:25:35.720
partnering with action for canada and being so good to so many canadians and helping us out
01:25:41.960
you're doing great work yourselves and have a great night everybody okay thank you all right
01:25:46.520
you're welcome see you again all right we hope that this has been very informative i wanted to keep
01:25:51.480
the show to an hour tonight but it's now you know if a half hour of q a i know that somebody asked in
01:25:56.440
the chat if we will include that yes most likely we'll keep it part of the video or we'll cut it out
01:26:01.720
and have it in a separate uh video we'll make make a decision on that but just uh sign up to our rumble
01:26:07.560
page and um everything that we post then will be right at your hands and you won't miss a thing
01:26:13.080
but we also post everything right back on our web page in uh the day after on the thursday as well so
01:26:18.760
check our rumble or a web page and you will be able to access this important critical information
01:26:25.320
of the uh presentation and the show tonight by steve merrill all right next week's guest i i'm
01:26:30.920
really excited about this rhonda miller is going to be uh joining us and you you know that i went to
01:26:37.240
washington dc recently i met with rhonda and audrey werner who have been doing phenomenal job uh on behalf
01:26:44.280
of our kids and protecting them and calling out the uh the industry that is attacking our children and
01:26:53.000
one of the leaders of that of course it has been alfred kinsey but on the next show what rhonda is going
01:27:00.600
to do is she is going to expose the 13 bloodlines who are behind behind the financing of destroying
01:27:11.480
everything that we hold near and dear and what i'm referring to in that is that we know we've all
01:27:19.000
heard the uh rockefellers and the rothschilds well we're going to do a deep dive she's going to have
01:27:24.840
an amazing presentation on this but they are the ones that are behind prohibiting the firearms taking
01:27:33.400
control of our finances uh removing our our borders sexualizing our children orchestrating
01:27:41.160
riots in the streets and of course funding our unions man we're going to have a little bit of
01:27:46.280
a conversation about our unions next week you see what if you don't know what's going on in alberta
01:27:51.160
with that teacher strike don't take it at face value that these are the teachers wanting more money
01:27:55.800
they've been offered 12 percent i believe it is over four years but the union wants 20 and the union is
01:28:02.440
also behind calling for a recall of minister nicolades who is the education minister who has been champion
01:28:11.080
remote champion removing the pornographic and sexual books from the education system so the union is is
01:28:19.560
the ones that have become the the marxist arm of the globalists to bring the agitation within the
01:28:28.360
communities and to gear up their members and use those the memberships uh money in order to uh back
01:28:37.800
what it is that they're doing they paid something like in alberta something at 1.5 million dollars i
01:28:43.480
heard it at the last election to get their uh selected trustees elected how can we compete with this i mean
01:28:51.560
this corruption needs to be called out and i love it a woman down in the states is actually pursuing
01:28:57.480
making unions illegal for the fact that they have become the marxist arms and i think we need to
01:29:04.040
take this very seriously and when with all of our our um empower hours we are always providing you
01:29:12.600
solutions to the problems i know there's a lot of podcasters out there we really need the podcasters
01:29:17.560
reporting the news uh that would be an easy daily job for me because there is no lack of information to
01:29:22.920
report to you where the where the real strategy comes in is that indeed strategy providing resources
01:29:29.160
and the campaigns in order to do that and that's where action for canada comes in so we need your
01:29:33.640
financial support we need you to get busy within your communities we need we're making it so easy
01:29:38.440
we've got you the resources we're educating you and when these videos come out especially one like what
01:29:44.200
rhonda is going to be presenting next week we're going to ask you to take that and actually send it to
01:29:48.920
your elected official your mla your mpp your mp and request your trustees and request that they view it
01:29:57.480
and then demand an answer from them do a research like actually look into some of the names that we're
01:30:03.240
going to that rhonda is going to be providing you and you will be shocked to find out even the
01:30:09.560
organizations that are functioning here and being funded by these individuals and so we got to take them
01:30:15.960
down and we got to expose them these are our tax dollars that are funding our demise and and i'm fed
01:30:23.000
up i'm sick of it that's why i've been at this for 10 years i want my life back i i want to go and enjoy
01:30:29.080
myself and have a normal life but we're in the middle of a war and we don't have that luxury and
01:30:33.720
so you need to you need to step up we need more help we need more hands on deck all right uh thank you so
01:30:39.480
i've got three verses tonight to end off with they should be encouraging to you so psalm 34 15 to 16
01:30:47.080
says the eyes of the lord are on the righteous and his ears are attentive to their cry but the face
01:30:53.880
of the lord is against those who do evil to blot out their name from the earth i take comfort in that
01:30:59.640
and the next verse emphasizes that it states from psalm 145 20 the lord watches over all who love him
01:31:09.240
but all the wicked he will destroy there will be a day where each one of these individuals the leaders
01:31:16.440
of of our countries who are aligning with these globalists and intentionally destroying our sovereignty
01:31:22.440
which is based foundationally on a judeo-christian biblical standard and principles and one which we
01:31:30.040
benefited from for for many many decades but now it's our turn to fight to maintain this for the
01:31:36.920
future generations and then the final verse that i've chosen is from psalm 34 10 but those who seek
01:31:44.040
the lord will not lack any good thing and i just want to encourage you that if you have not received the
01:31:50.200
lord jesus christ as lord and savior of your life consider making that decision today and if you do
01:31:55.880
reach out to action for canada at call to at actions action for canada dot com or at pastors
01:32:02.360
at action for canada dot ca or if you have questions let us know because we'd love to hear about that
01:32:08.520
decision i think what happens is if you look at the history of the world and especially the history of
01:32:13.960
the bible when countries turn their back on god which we've done we've removed god from schools
01:32:20.120
the bible from schools god from government even though biblical scripture is etched in our parliament
01:32:27.000
buildings and you know from sea to shining sea is from sea to sea is from biblical scripture it is
01:32:35.080
embedded in our constitution all of this means that we are definitely a christian nation but people were
01:32:43.000
elected into office who then started to proclaim that we were a secular nation then they declared we were a
01:32:48.920
multi-cultural nation and started opening up the doors to all these false gods to allow them to
01:32:54.520
set up in our nation well the top two in the commandments are you shall have no other god before me or make
01:33:00.200
for yourselves idols so we're serious about this we're going to crush the idols in this nation
01:33:05.240
we're going to start teaching biblical standards like to our children to honor your father and mother
01:33:10.600
that's also in the top ten commandments the ten commandments and it is the only one with the
01:33:16.200
promise that says and it will go well with you when you honor your father and mother and our children
01:33:22.280
are being taught in the school system to disrespect their parents to be sneaky to be lying to withhold from
01:33:29.480
them to withhold respect and love for them we got to turn this around and the only way to do that is to get back to god
01:33:36.600
so i hope this is incur of encouragement from you and then a final word actually from second chronicles
01:33:42.520
the verse that says right that we we if we were to are to repent and to turn from our wicked ways and
01:33:49.720
to turn back to god this is paraphrase but that he will heal our land and that is one of the goals of
01:33:57.560
action for canada is to reach the hearts and minds of our viewers and encourage you to start looking into the
01:34:03.560
word of god if you don't know him say god i i'm feeling that nudge inside of me and i really want
01:34:09.320
to know you so please speak to me personally and god will do that he will be faithful to do that and
01:34:15.480
you know that you have people praying for you because action for canada is praying for everyone
01:34:20.360
in our nation and for god to heal our land so i hope you'll join us next week thank you god bless you
01:34:38.200
i'm gonna thank god and god alone for the ground that i'm standing on
01:34:44.920
i'm gonna thank our founding fathers for giving their lives and sacrificing so much for our freedom
01:35:00.920
and i'm calling on you today don't put them to shame don't waste what they did we have guaranteed
01:35:18.840
we are putting chapters across the nation we are going to be in every town and every city
01:35:26.040
and we are going to build communities within these communities of like-minded people who are actually
01:35:31.560
going to care for one another again and love on each other and give each other the help when they're
01:35:36.440
down we are going to use the teams and the people that build within chapters to support our businesses
01:35:45.400
the government's actions are completely 100 unlawful judgment will again be found on justice
01:35:55.880
and those with virtuous hearts will pursue it you have a virtuous heart if you are here today pursuing
01:36:12.280
god says he will turn the sins of evil people back on them he will destroy them for their sins
01:36:21.800
i take great comfort in that because i serve a mighty living god who has allowed us to go through this
01:36:33.400
season of discomfort because we as a nation have turned our backs on him and we need to get right
01:36:41.080
so i am just going to thank you so much i'm going to say god bless you and god bless canada