Rebel News Podcast

00:00:00.000 Welcome to The Real Money Show. My name is Jeremy Wiseman. I'm joined here by Jerry

00:00:12.600 Correa, who's just finishing off some text messages. Jerry, we've got so much to cover.

00:00:18.240 I think it took longer to figure out how we're going to figure out what we're going to talk

00:00:22.480 about today because there's too much to cover. But I wanted to start with where we are in the

00:00:27.640 silver market right now. Because speaking to a lot of people who are thinking about getting

00:00:33.200 involved in the market and what they've seen over the last year, as we're recording today on

00:00:39.420 Thursday, February 26th, but in the last year, silver's up 176 year-over-year percent. Gold's

00:00:46.960 up 80% year-over-year. And what a lot of people look at is they say, oh, it's gone up a lot.

00:00:53.740 Time to take profit. Whatever it is. Why should I get in? It's gone up a lot. Just the observation

00:01:00.960 that it's gone up a lot. And I find myself having a lot of conversations with people discussing

00:01:06.180 that in the context of the last 50 years where silver was managed, and we're going to get into

00:01:13.060 the end of monetization in the world and its effect on the precious metals market, especially

00:01:20.860 when it comes to the demand from the US side, especially. But it's been, as Michael Oliver,

00:01:28.140 an analyst that we follow a lot, that it's been in a box for 50 years. And so it's out of the box,

00:01:34.780 but we haven't hit price discovery mode yet. No one understands what the price of the metal is

00:01:42.000 or what it should be. And just before we went on air, we were talking about they're trying to

00:01:48.480 measure it in fiat currency when it's actually gold and silver are the measuring sticks.

00:01:53.840 Wrong measuring sticks.

00:01:54.800 Right? So we're not even at the paradigm shift yet of understanding the value of anything.

00:01:59.280 Of course not.

00:01:59.800 Even if you were to talk to a lot of Canadians, what's the value of the Canadian dollar?

00:02:03.240 I don't know, 135 against the US. What's that worth? I don't know. It's two ships in the night

00:02:10.120 tied to each other. We have no idea where we are. We're just connected somehow.

00:02:14.280 Yeah. And the barometer is broken. The compass is broken. The inflation data that we get here in

00:02:18.840 Canada, the CPI reads two and a half. The US read two and a half. But if we go back to using real world

00:02:24.760 math of calculating CPI from the 1970s, according to the Bank of Canada Museum, their average rate of

00:02:32.920 inflation was 8% in the 70s. Imagine that, 8%. And then they magically, or I should say,

00:02:38.920 they did some alchemy. They took some, substitute some products out of the CPI baskets to artificially

00:02:45.320 get that number down to 2%. But where did that artificiality come from? From financialization,

00:02:53.160 which is ending. That is ending.

00:02:55.160 So again, you're back to, well, what is the real price of things? And so you have to look at the

00:03:02.040 fundamentals and you understand that you don't have a specific price yet, right? You have gauges

00:03:08.840 of where we think we're going. And there's new information that we didn't have several years

00:03:13.000 ago in the market as well. But if you think about silver, for instance, sixth year of deficit,

00:03:19.880 the demand coming out of industry, the end of financialization, and the deleveraging of the

00:03:25.240 market, this is basically themes we're going to talk about today. You start to realize, oh,

00:03:29.480 we have a long way to go. Before people even start to understand what is the true value of silver,

00:03:36.040 there was a post on X a few weeks ago talking about throughout the history of time,

00:03:43.720 a well-bred cow cost five ounces of silver. Today, it costs 70 or 80.

00:03:51.240 Again, the measuring sticks. So I think over time, people are going to realize that it actually is

00:03:56.840 still very much undervalued here, which I think is a good segue to move into forecasts. And then we'll

00:04:05.160 talk about the background and the happenings in the market that show why these forecasts are bang on.

00:04:12.040 Right. I think it's very important to get another compass to understand where we are in this market.

00:04:17.880 Of course, we're going to ask ourselves, Jerry, I haven't bought precious metals yet,

00:04:22.040 but I'm interested. What's all the hoopla about? Should I be getting into this market? Absolutely.

00:04:27.400 It's about converting out of your fiat currencies, valuing your wealth in ounces,

00:04:31.880 which is what the smart money is doing, not just central banks, which need the liquidity and

00:04:36.520 the independence creating a moat around their wealth away from decoupling from currencies,

00:04:43.640 decoupling from digital banking systems that can be frozen or hacked. But we have to follow the

00:04:50.040 trends. We follow the trends with smart money. We look at the information from Michael Oliver using

00:04:55.720 his momentum structural analysis. So we follow him forecast anywhere from within the next 12 months.

00:05:01.800 We're going to go through some for some majority right now, gold, gold forecast, Jeremy, and then

00:05:07.640 we do the math. I'll have my calculator ready. Okay. But Michael Oliver sees $200 to $600 within

00:05:15.000 silver price within the next 12 months. Then we have Goldman Sachs pricing in $7,000 US per ounce

00:05:23.480 for gold by the end of the year. HSBC, $7,000. Moving on up to Bank of America, $7,000 higher for

00:05:31.640 John Ng and Correlation Economics, $8,000. We have Wisdom Tree pricing gold at $9,000 US per ounce.

00:05:41.000 We have World Bank at $9,500 US by the year end. And then we have ING, $10,000 US, and ABM AMRO at $10,000 US dollars.

00:05:52.120 And what is, you know, these are just forecasts highlighting the re-monetization of precious metals.

00:05:58.840 They even cite de-dollarization and the trend of moving into physical things, you know, building

00:06:07.560 out the physical space and the convergence of gold, which was once just monetary, converging into tech

00:06:17.000 space. And then vice versa, you have silver that's been notoriously known for just industry, electronics,

00:06:24.200 solar, data center, AI build out, huge news this week, by the way. But silver is also getting back

00:06:30.520 into, you know, the banking industry, re-monetization of gold and silver, heading back into the banking

00:06:37.000 system, going into technical, you know, technical markets. So these are the new fundamentals that are

00:06:42.440 at play. The old fundamentals remain. Nothing has changed as far as the fundamentals. The price,

00:06:49.560 paper price may whipsaw, but the fundamentals have not changed. In fact, we have four new fundamentals

00:06:55.000 at place. So we're well supported.

00:06:56.280 Wait, let's, so, okay, before we move on to the fundamentals.

00:06:59.480 Yeah.

00:06:59.960 You said $7,000 gold by the end of the year. If we were to go from, right now, I think we got back

00:07:07.160 to a 60 to 1 ratio, silver to gold. If we were to come down to 40 to 1, which as the markets rise,

00:07:13.000 that ratio shrinks. At 40 to 1, that would bring silver to $175. At 30 to 1, so again, gold at $7,000

00:07:21.400 by year end. At 30 to 1, that puts gold, silver in the $233 range. You mentioned a couple forecasts

00:07:30.280 there at $10,000. Yeah.

00:07:32.680 40 to 1 ratio would put us at $250. That's, by the way, it's pretty easy math, divided by four. And then

00:07:40.760 30 to 1 would put us at $330 an ounce. So some of these crazy forecasts on silver actually don't

00:07:49.160 start to, they seem not so crazy once you put it into that perspective and how quickly it could rise.

00:07:55.400 It's funny. I was talking with some clients this week who their accounts have gone up for 300%, 400%

00:08:05.720 and they've moved from, I was just looking at one today, a client, $250,000. The accounts were $650 now.

00:08:16.760 Congratulations.

00:08:17.480 And a 35% increase will double his money again, the $250,000. And so you just see how the bigger

00:08:26.920 it gets, the easier it gets. And this goes to what Jim Rickards was talking about in terms of how gold

00:08:32.920 could get to $10,000. That each $1,000 move up from here becomes a smaller move. So if you're buying it

00:08:40.280 now, you're getting the advantage of that by buying in early.

00:08:43.160 Yes, absolutely. We're going to be looking, folks, we're going to be looking back a year from now,

00:08:48.840 looking at all of these forecasts. These are just cycles that we're talking about, technical cycles,

00:08:54.840 momentum cycles. And I'm going to share, I shared an image earlier. This is the three cycles of gold

00:09:01.960 and silver. We are technically in the third cycle of gold. The first cycle began from 1970 to 1980,

00:09:09.800 10 years. And then 2000 to 2010, another 10 years. And then the third cycle began in 2016,

00:09:15.640 2016, when gold hit a low of $1,050. So it's a 10-year cycle. So somewhere around 2026,

00:09:23.640 oh, that's this year, we should see something like the first two cycles. Now, what did the first two

00:09:29.480 cycles do for gold? From low to high in that 10-year cycle, 1,470% from low to high, and 2,200%

00:09:37.000 for silver. That would put gold at the end of this year, according to Jim Rickard's cycle,

00:09:41.000 the third cycles, $14,700 US per ounce. We will be looking back a year from now.

00:09:47.560 And you are going to be so thrilled and excited that you followed your gut, you listened to us,

00:09:55.000 you followed the smart money, and you were critically thinking about what's going on in this world,

00:10:00.680 filtering through all the noise and disinformation. But this is real money,

00:10:04.600 and real money moving back into real things becoming relevant once again. And honestly,

00:10:11.400 the future is precious, and it revolves around and involves precious metals.

00:10:14.760 And at Guildhall, we only deal in physical metal. So you can give us a call, and we'll show you how

00:10:20.440 to get involved in the physical metal market, whether you're buying it direct, using our e-store,

00:10:26.920 doing it over the phone. And then as well, we also offer physical gold and silver in registered

00:10:32.440 accounts where it's fully allocated, segregated. And what that means is that you're going to end up

00:10:38.360 with physical gold and silver held in a Brinks facility in your own sub account with the listing

00:10:44.280 of your serial numbers held outside the banking system, but as part of your retirement fund.

00:10:50.360 And obviously, you know, when you're thinking about registered accounts, Jerry, as well,

00:10:56.520 the game of RSPs, deferring your income, so you're not paying those taxes today, you'll pay them later,

00:11:05.080 keep your money, make it stay and play with you. And then gold and silver over the last 20 years,

00:11:13.400 actually gold, yesterday, I looked at it, in the last 20 years, it was up 999.9%.

00:11:19.800 Wow.

00:11:21.960 Imagine having something like that in an RSP portfolio that is hedging the devaluation of

00:11:28.200 the currency. And when you see the way a government just spends money, sends $2 billion overseas,

00:11:37.000 that's your money, right? When they're paying for others to stay, it's all your money,

00:11:41.400 right? These aren't government funded, it's your funded, you have funded it. And so how do you

00:11:46.600 protect against that? And so I believe strongly in the RSP, especially because we've seen how well

00:11:52.360 it's worked for clients. And, you know, some people complain, oh, you know, pay the taxes at the end.

00:11:58.840 Yeah, well, I'd rather pay taxes, having made the money, you know, it's a lot easier to pay the taxes

00:12:05.400 if you're up 800,000, 500% than if you didn't do anything at all. And I think most people,

00:12:12.520 if they look at, well, what did you do? Did you save money? Did you put it away instead of,

00:12:17.000 you can't, you gave, you're saving with after-tax dollars as opposed to saving with your own,

00:12:22.600 right? With your tax dollars.

00:12:24.440 And in fiat currency, something denominating a fiat currency that's dropping at least 13%

00:12:29.080 every single year. So we're in a war, you have to protect yourself, especially with this government

00:12:33.400 that, you know, we're seeing job losses, job losses today, importing oil, things that just don't make

00:12:39.960 sense. We have another $2 billion going to Ukraine. You know, the manufacturing base here in Canada is

00:12:47.800 leaving, it's dropped 3%. We're on the outside looking in into the US where things are, deals are

00:12:53.720 being made, things are happening, movers and shakers. You know, this is just a phenomenal

00:12:59.080 time to keep an eye on the precious metal sector because this is the relevant part that's driving

00:13:03.560 the world market. So let's talk about that. There's been, you know, we've talked about some forecasts,

00:13:08.760 why we think the RSPs are great. Lastly, one little thing before we get onto the world thing,

00:13:14.680 because you did a good segue there on where we're headed with this, is why physical over paper? And,

00:13:20.920 you know, oftentimes we've talked about the idea of

00:13:28.280 no counterparty risk, right? They can't, they can't be taken from you. When the chips are down,

00:13:34.200 you take delivery of it, right? These sorts of things. But I actually think I've been thinking

00:13:39.320 about this recently. I think more importantly, what it prevents is that because there's a barrier to

00:13:44.600 entry, because you actually have to pay to buy the real thing, it makes you a long-term holder.

00:13:50.360 It's like a property, right? You don't day trade your house. So with precious metals,

00:13:55.800 if you buy paper investments, that's an investment in the paper, exposure to the market, as opposed

00:14:03.240 to ownership, it's a lot easier to fall prey to the fear trade.

00:14:08.040 Of course. Right? The greed trade and the fear trade. But if you own it outright,

00:14:13.800 you ride through it. Because the cost to sell, the cost to buy it back, you just go,

00:14:19.480 nope, the reason I bought it is clear for the long-term. I'm a long-term holder. You can have

00:14:25.800 your emotions with the ups and downs of the market, but you ride through them.

00:14:30.200 Yes. So when you see people who have held for a long time, you just see the big results,

00:14:35.240 as opposed to trying to swing in and out of the market. Would you agree?

00:14:38.040 Absolutely. It's about understanding and knowing your why of why physical precious metals,

00:14:43.400 you want to decouple your wealth from all the financial madness that is going on,

00:14:47.240 the currency devaluation, position yourself with what's coming, the growth, the supply and demand

00:14:53.480 factors that are just shining for silver, especially silver today. Silver is scarce.

00:14:59.800 Gold is not as scarce as silver, but these are monetary metals. We have had a monetary

00:15:06.520 problem, a currency issue for decades. This is why precious metals, the word precious,

00:15:11.800 connotates that they are monetary metals. So you want to have something relevant for your portfolio.

00:15:17.160 Yeah. It's not really precious if you got parking tickets that are more than the cost of

00:15:22.120 silver right now, right? Exactly. But you got to have skin in the game. You bought something,

00:15:29.800 it costs a little bit more to buy the physical, the fabrication and the supply and demand factors.

00:15:35.240 And then you even had to lug those silver bars into your car. You put some labor, blood,

00:15:40.440 sweat and tears into bringing that into your house and dug a hole to put that in the ground.

00:15:45.160 So it's not a day trade. And that's the problem with the paper. The paper is just a derivative.

00:15:50.680 And that is the problem with all the frothy markets, the excesses. This is the financialization that has

00:15:57.240 ballooned and that's being called for a reset and backing up the system to prepare for that reset and

00:16:05.240 going back to an equilibrium and to a ratio. Okay. So let's talk about examples of resets. Okay.

00:16:12.360 I didn't even know about it. I didn't know about it. You just mentioned it to me before we jumped on air.

00:16:19.880 And you said the mainstream hasn't talked about it. What is this US-India summit?

00:16:26.200 Okay. I'm going to do a lot of reading because Vince Lancey broke the news. It was not in the media

00:16:31.320 over the last few days. But this past week, there was the US-India summit. And it was all about AI.

00:16:38.520 And building that out, it was a shift. It signaled a shift away from the way that the US has

00:16:46.680 competed over the last few decades since the Cold War. It was all about maintaining the world's reserve

00:16:52.680 currency. Currency devaluations, manipulation with the euro dollar. Does that have to do with

00:16:58.200 the strong dollar policy? Yes. Do you know who the architect of the strong dollar policy was?

00:17:02.600 Is that Larry Summers? Larry Summers, the man who just had to step down from Harvard. Yes.

00:17:08.120 Yeah. He was on the list. Interesting times. Yeah. But yeah, the method of control and hegemony was,

00:17:15.080 we got to maintain the US dollar. We have to maintain the Kissinger, the petrodollar. But this is a shift.

00:17:21.080 We're seeing that policy is losing control now as we see China, the de-dollarization, the BRICS moving 1.00

00:17:29.960 away from the US dollar dominance. They're not trusting it as much. But they're financing ports,

00:17:34.360 their power grids, telecoms, and they're now building out AI. This is India. This is China.

00:17:39.880 Oh, China. This is a big threat against the US dollar. Got it. In response now, the US dollar,

00:17:45.400 the US is now building the AI, the Project Vault, calling silver a critical mineral. The US has been

00:17:54.680 activated. They're funding massive AI compute supporting minerals and sovereign data infrastructure

00:18:01.560 to influence the new supply chain rails, which the 21st century trade, the future of payments and

00:18:08.760 innovation will run. Canada, unfortunately, as we know, is left out. The US's effort to preserve

00:18:15.160 the dollar alignment through deployment and partnership as globalization, guys,

00:18:19.960 gives way. The globalization efforts is failing. And to me, it has failed already to a more regionally

00:18:27.720 negotiated economic order, not Carney's dream of a new world order. Sorry about that. This is about

00:18:34.840 saving the dollar. How? The US in this summit is pairing money with real infrastructure. The goal,

00:18:41.400 control payment, compute, and supply chain rails. It's a strategy shift. Reinforce dollars and the

00:18:49.000 relevancy through deployment, not just financial integration or manipulation like the yen carry trade,

00:18:55.960 financing the world's bubbles by keeping your interest rates low. That's done. The message,

00:19:01.800 the US dollar is no longer assuming countries will stay in dollar aligned automatically. It's

00:19:07.480 building the alignment. So we're moving from monetary gravity to physical presence

00:19:12.760 in this through China's belt and row approach. It's bundling financing with turnkey physical

00:19:18.600 deployment. We're moving from financials, Jeremy, in summary, over to physical build-outs,

00:19:24.120 re-industrialization. And you need the physical silver. You need the relevancy of all that.

00:19:29.560 And this is where, according to Vince Lancey, this is coming from Goldfix,

00:19:33.160 where money becomes infrastructure. This is key. What has also changed is the character of money

00:19:38.280 itself. Monetary systems are becoming more infrastructural and programmable and less on

00:19:44.280 legacy dollar pipes between blockchain pilots, regional payment systems, tokenized deposits,

00:19:51.800 Enbridge bricks successor with commodity link settlement, and bilateral trade clearing,

00:19:58.760 including India settling portions of energy trade outside the SWIFT system banks. Emerging markets now

00:20:05.160 possessed options that were less viable in prior decades. They're now included, Jeremy. This development

00:20:13.240 weakens the earlier posture in which financial integration alone provided alignment. So this is a move

00:20:19.960 away from the financials that Britain, the British imperial banking system, had. They created

00:20:24.760 financials. And JP Morgan's talking about this now, giving forecasts of 8 to 9,300. If the US were to peg

00:20:32.120 gold to its US dollars, gold will need to be 9,300. The very bank whose JP Morgan himself said,

00:20:40.680 gold is money, and everything else is credit. That's correct. Everything else is a derivative.

00:20:46.120 Everything else is just a promise to pay. Gold is the money. Gold is money and collateral,

00:20:50.920 and it's moving things forward. I think it's interesting that,

00:20:53.400 so it sounds like these are things that came out as part of US policy at this summit. But it's

00:20:59.560 interesting. I saw on X a couple days ago through Reuters that India is no longer going to use the LBMA

00:21:06.600 as a source for pricing their silver. So they don't trust that system. I think in this context,

00:21:15.000 that seems like a pretty good signal. Yeah, it's right here. So India markets

00:21:18.680 regulator changes gold silver valuation for mutual funds. So it wants a better price. It wants a

00:21:24.680 credible pricing. They have the silver. They have the gold. London doesn't have it. So they're shifting.

00:21:30.280 Well, let's talk about that. Yeah, let's talk about that. You just mentioned London. So about

00:21:34.920 this time last year, we were under the narrative of the tariffs, because I think that's apropos

00:21:40.680 this week. And the idea was, well, because of these tariffs, there's all this draw of the physical

00:21:47.640 product from the LBMA to the US, which it hasn't gone back. In fact, the physical demand of silver off

00:21:55.480 the exchanges has just been consistent and beyond comprehension. Even this month alone,

00:22:02.600 billions of dollars has been taken off of the exchanges of physical. And we don't know who's

00:22:08.200 doing it. And we don't know where they're putting it. I can put my conspiracy hat on and say,

00:22:13.640 well, if the US has put it on the critical mineral list and they've signaled that they want to stockpile

00:22:19.000 and they've brought all this product in from Europe, from the LBMA, and now it's being pulled

00:22:24.840 off the exchanges. I'm thinking West Point, because that's where the metal silver was originally held

00:22:33.000 for the Manhattan Project. Wow. So that's my- That's a shiny thing. I'm throwing it out there.

00:22:38.200 We'll see what it says. But then there's also Jane Street has entered the picture. Do you want

00:22:43.320 to talk to us quickly about Jane Street? Well, they just became, who is Jane Street?

00:22:47.720 Jane Street. They're a quantitative financial tech firm. And they just bought yesterday an

00:22:55.160 immense amount, the most amount of SLV shares, just in time. Over 3%. Just in time for a major

00:23:01.080 delivery. So it kicked the can down the road for the CME. What happened yesterday?

00:23:07.000 At Lamex. So they don't have to deliver. It's all about deliveries. And this, just before yesterday's

00:23:13.080 news on Jane Street, this happened. So you had the CME Group, which is the Commodities Metals Exchange,

00:23:19.960 or Chicago Mercantile Exchange, halting for the second time within two months. This is a joke.

00:23:25.320 This is no glitch. But this is what we call an empire of glitches. You know, this is just turn off

00:23:32.520 the switch. We can't deliver. It's because they had more deliveries than they had metal,

00:23:38.600 so they had to shut it down and do a bunch of backdoor deals and figure out, how am I going to

00:23:43.320 push this guy out? How am I going to cancel this one? How am I going to cash out this one on the side?

00:23:48.520 And the last time it happened? The last time the comics metal went down,

00:23:52.040 silver went on a multi-month rumble. It just happened again, guys. Technical glitches, cooling

00:23:57.800 issues, whatever the case may be. Who knows what their stated reasons are. But metals is offline,

00:24:02.680 was offline. It's back online. They did some shenanigans. But this is a desperate move for

00:24:08.840 those who are losing control. And you get control. He who has the gold or silver makes the rules.

00:24:14.920 And if you have the physical, you need not worry. Anytime you see price dips happen over the last

00:24:21.560 three, two other super cycles in silver, please remember, don't be alarmed when you see a pullback.

00:24:27.560 It did have two or three 30% pullbacks to ultimately, you know, excel to 2,200% for silver

00:24:34.440 and 1,400% for gold. Who do you think Jane Street is buying for? Is it for themselves? Or do you think

00:24:39.880 they're buying for someone else? Well, they have been in news before. I think Trump media called them

00:24:44.760 out before for manipulating the markets. I think one in the same, we could be seeing kayfabe once again.

00:24:52.520 It looks like they're opposition, but they're moving in the same direction of moving away from,

00:24:59.240 you know, moving away from the paper shenanigans and price slammings and manipulations,

00:25:04.520 exposing it and then fixing it. So we're going to watch this trend as it plays. It's moving really

00:25:09.960 quickly. All these forecasts are happening within the year. This is not a long term thing. This is a

00:25:16.440 once in a lifetime opportunity that's within 12 months, guys. So we want you to,

00:25:20.920 you know, really look and perceive what's going on and give us a call and find out how you can

00:25:28.120 roll out that RSP. We can work for you to move the funds laterally over from one institution over to

00:25:34.200 the institution that we work with. We were the pioneers to put the physical precious metals

00:25:39.000 within RSP so you don't have to pay the tax. But no, you don't want to hold the gold and silver

00:25:44.360 in a bank. It just defeats the whole purpose. You want to hold it outside of the banking system,

00:25:48.920 which is what we do. We handle everything for you, providing the bar numbers. And this is all

00:25:53.160 about segregated, allocated, title ownership. If you can hold it, you do not own it. And that's

00:25:58.760 what we provide. Jeremy was the architect behind this. So he's the man to thank. But you want to

00:26:05.080 deal with Guildhall, we've been doing this for over 20 years now. Yeah, it's just getting started.

00:26:09.640 Yeah. And I disagree. I don't think it's just a 12-month thing. Because I think holding the

00:26:15.000 metals is a long-term thing. But I think in terms of having to prune the portfolio and make changes

00:26:24.200 and pivot later on, I think it's important to have the physical. You know, I look at gold and silver

00:26:30.120 as the base of a portfolio. A lot of people wait until there's trouble and then they decide to get

00:26:37.400 insurance. But you can't buy insurance after the fire. You have to get it before. You've got to be

00:26:43.240 prepared. Whether you're blue sky or gray sky, I think they're both leading in the same direction.

00:26:49.320 I know Ray Dalio is kind of a gray sky. The world order is breaking up and there's going to be lots of

00:26:54.440 upheaval and you should own gold in your portfolio. He's talking at least 10 to 15%.

00:27:00.040 So I think that, and then we're talking blue sky because we're looking at silver and we're saying

00:27:05.400 all the industry that's going to be built. And we're looking at gold saying it's going to be

00:27:09.720 revalued. There's no ifs, ands or buts. There's a reset that's going to happen. And you might get to

00:27:15.640 a stage where gold goes up, silver goes up and they plateau. It's not the same paradigm of a market

00:27:22.200 that's been controlled where it goes up and falls back down. That pullback in this case,

00:27:28.280 when we were talking about the re-monetization of gold and silver back to the monetary system,

00:27:33.240 it's to back debts. Whether it's the M1 or M2 money supply, if you're also including debt, JP Morgan's

00:27:41.720 call just backed US currency in circulation at $9,300 gold price. That's the currency.

00:27:50.600 So if you peg it at a certain percentage, and just remember back in during the,

00:27:56.760 back by World War, was it World War II, 20% of the debt had to be, had to be gold.

00:28:03.960 If we do the math today, that would put gold at around $47,000 per ounce. So it depends on what

00:28:09.960 the US or what the world wants to peg to. And you can't just raise it to that peg and then take it

00:28:16.840 back. And there could be deflation. I think you will see deflation. Any type of market or asset

00:28:21.720 class that has been ballooned because of the excess and the froth and the yen carry trade

00:28:26.760 and just easy money excesses has to go back to the means. And we know one thing is for sure,

00:28:32.920 gold and silver are not in a bubble territory. You cannot bubble up gold and silver. You can bubble

00:28:37.160 the derivatives market, which isn't going to blow up. How can you say it's in a bubble if the physical

00:28:42.200 metal is still very difficult to get, right? If you're in a sixth year deficit in the, in the,

00:28:47.800 in the market, it's hard to say it's in a bubble and you haven't even seen the industry really start

00:28:54.360 to take off and have the visible evidence of it yet in the States. Although I, I truly believe that

00:28:59.960 that's coming. You can, I I've seen it, seen what they're, what they've been doing in the factories

00:29:04.520 that they've been building. And just knowing things like, you know, all the copper wires are often

00:29:09.720 silver plated before they go into the tubes and into the, into the rubber and everything like that.

00:29:14.600 So I think the demand on it is just going to be extreme for, for silver. It's not going to let up.

00:29:20.440 This is just the beginning. It just got out of the box and it's going to start running before

00:29:26.680 anyone starts to understand what the actual value of the metal is. Absolutely. Remember it's all about

00:29:32.360 setting up the, building that foundation. As Jeremy mentioned, that extras pyramid is an inverted

00:29:37.800 pyramid. Gold and silver are your power money. Gold and silver will insulate you from

00:29:42.040 the mechanical failures of the market, the paper risks of every single market, the excesses,

00:29:46.760 the currency devaluation of risk, and any drops that you see in the market. It's outside of that,

00:29:51.800 but you're also positioning for what's to come. The growth, the build out, the, the, the wealth that

00:29:58.680 will be built off of this. The future is precious and the future revolves and involves physical

00:30:04.680 precious metals and we'll love to have you on board. So give us a call. And that does it for another

00:30:09.320 episode of the real money show. We thank you so much for joining us and we can't wait to speak to

00:30:13.080 you soon here on the real money show.

$7,000 gold？ $300 silver？ ‘Crazy’ forecasts are suddenly making sense

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