00:11:22.860It's hitting 120. So therefore, the Fed, like this week, could not cut interest rates. They had to keep rates higher for longer to show that they're actually trying to fight this inflationary zombie. But things are also changing there as well.
00:11:37.100You're talking about all these narrative changes, right? Is the U.S. protecting the petrodollar where they have the military hold guns to people's heads on what they want to do? That seems to be changing. All these countries are selling the U.S. dollar without any repercussion. No consequences if you decide you don't want to hold U.S. treasuries.
00:12:00.560You have, I think to your point, central banks coming out and wanting to keep interest rates high and fight that, quote unquote, inflation.
00:12:08.420And then even Tiff Mecklum, the Bank of Canada, was discussing, well, you know, oil causes inflation.
00:12:16.060Well, what an admission all of a sudden.
00:12:18.360And maybe you should lower the taxes on it if that's the case.
00:12:21.300Or, you know, if gas prices have doubled, then guess what?
00:12:24.820You're paying twice as much in taxes too.
00:12:27.320So that means that the government is causing its own inflation, which in some ways just leads to this idea that they're trying to hold on to this narrative.
00:12:35.860And you want to know another narrative?
00:13:24.720you have the un you even have nato for example yesterday there was a tweet that commented that
00:13:33.160he that u.s may be signaling the end of u.s involvement in nato and to pull out the troops
00:13:39.880out of germany so this whole effort and this links back to this petrodollar should petro
00:13:46.180oil be the collateral for the u.s dollar was that ever in the constitution is oil a collateral
00:13:53.060Actually, no. It was Henry Kissinger that put the petrodollar into place, and it really gives a very small entity a lot of power, the power that controls the nation's money, and it controls the choke points, the Strait of Hormuz choke point.
00:14:11.700We haven't even told everyone about the Silver Act.
00:14:16.680They put forth a bill called the Silver Act, and the whole idea behind it is to create competition outside of the comics in New York.
00:14:25.940Now, it's easier said than done because it's a place where all of the liquidity resides.
00:14:31.240So, you know, wholesalers, you know, delivery, all of the logistics of everything, it all resides, refiners and such, it all resides in New York.
00:14:41.900But what it does open the door to is with enough political will or deep enough pockets, you could eventually say, well, you know what?
00:14:51.920We want an exchange here down in Texas.
00:14:55.140And all of a sudden that opens up the competition.
00:14:57.620So if we're talking about choke points, that's a choke point too.
00:15:02.080Now, with that said, there seems to be a war on that choke point because they used to have like 300 million or 200 million ounces.
00:15:09.720they're down to about, I think, less than 70 million ounces of silver. If you don't have
00:15:14.740physical silver in there, you can't do the paper. And if you can't do the paper,
00:15:19.880you're making it less volatile. And someone out there, a lot of companies and a lot of nations
00:15:25.560are saying, we need that silver really bad. One such company is Hyperscale. Talk to us about
00:15:32.700Hyperscale. Now, Hyperscale, they're known for their technology. They're well known in the0.73
00:15:38.780technology space for their ai developments and this is the probably the third as we call it and
00:15:44.680as many are calling it the third um the third tectonic force for uh things converging in
00:15:52.000precious metals and all roads lead to hard assets this company called a hyperscale just added silver
00:15:58.360now get this they need silver because they're an ai not only do they need silver they need copper
00:16:03.760They need iron. They need steel. They need the whole list, aluminum, graphite, nickel, lithium.
00:16:09.800The list goes on of all these critical minerals.
00:16:12.020And the latest one that was added to the critical minerals list was silver late last year.
00:16:17.860And whether the AI is a bubble or not, the fact of the matter remains is that all of these countries from the US to big tech to China are fully committed to commit 600 plus billion dollars a year to scale out the AI.
00:16:33.520Whether you use it or not, it is something that is going to be funded. And when Grayscale, when this company, Hyperscale rather, starts adding it to their monetary treasury, this is a huge signal for even us.
00:16:50.600Many people just think silver is just here for industrial purposes.
00:16:55.600No, silver is actually your collateral, collateral being high-quality liquid assets.
00:17:01.200And this is the reason why things are moving back.
00:17:03.900When the collateral fails, when the US Treasury is just backed by paper, and when oil is not
00:17:09.400being trusted, or when countries don't want to be known for just oil, they want to revert
00:22:11.000And then you also have to peg the currency to gold to safeguard it the next round of money printing.
00:22:16.760Because you're going to have to spend $600 billion plus per year just for AI.
00:22:21.400Okay, so what you're saying is when you free the dollar and interest rates from oil, when oil is no longer a narrative in which you can control interest rates and such, now all of a sudden you go, hey, we're not burdened by the past.
00:23:52.600You can't have a sovereign wealth fund when you don't have any wealth.
00:23:56.940So we know the scam that's going on there.
00:23:59.460We'll track that as it becomes more apparent.
00:24:02.820But what that does mean is that more money is coming out of the debt coffers in Canada,
00:24:09.980which is bad for our dollar. And one of the things that you can do to protect your dollar
00:24:14.660and protect the purchasing power of your dollar is to own actual physical gold and silver. Now,
00:24:20.160today we've talked about central banks are buying gold. The petrodollar looks like it's on its
00:24:27.940deathbed. This is actually going to be good for gold because it means more accumulation for gold.
00:24:32.420It means growth for industries, which is also, as we've talked about, one industry, AI,
00:24:38.900with hyperscale, adding physical silver, and you can see silver being accumulated all over the
00:24:45.320world at a very fast pace. This is also very, very good. We're in a six-year deficit in silver
00:24:51.900coming out of the ground. And as you mentioned with the reserves, Jerry, they're not even at
00:24:59.40030% yet, or they're just around 30%. They need to get to 40% or even 50% just to start to get
00:25:05.660back to a historical mean as Deutsche Bank thinks that we are moving to a new monetary system which
00:25:12.340is actually an old monetary system and that is the way of history. So if you want to be involved in
00:25:19.800this bull market in physical gold and silver you can contact Guildhall Wealth and we will show you
00:25:25.320how to do it. Now at Guildhall what we do is we help clients to own actual physical gold and silver.
00:25:30.380This isn't investments. This isn't paper. You know, you didn't see Hyperscale buying the ETF. You didn't see them buying, you know, a gold fund or, you know, they actually had to accumulate the actual physical silver. And that's what we help clients do at Guildhall, where you can buy it direct. You can hold it in a Brinks facility, fully allocated, segregated. You have access to go and personally audit the holdings.
00:25:55.720And this is great because it secures your product. It allows you to sell and buy on a phone call. Instant liquidity. That means you could be anywhere in the world. You could be on vacation. You could be at Little League. You could be doing anything and it's, hey, great opportunity comes along. Pick up the phone and get the liquidity you need.
00:26:16.360And then finally, we also have clients in registered accounts. This is where you can hold
00:26:21.440it physically allocated, segregated. You own it. You can go to the vault, personally audit your
00:26:26.680holdings. And it's such a great thing to have an asset that has just continued to grow over time,
00:26:33.040knowing that the biggest benefit of it is that it's hedging the devaluing of the dollar, which
00:26:38.900unfortunately in Canada, that's something you really need to be concerned with because it
00:26:43.860doesn't look like the debt spending is about to end. So if you want to hold physical gold and
00:26:49.740silver in your retirement account, whether it's an RRSP, a lira, a lift, and also at the end,
00:26:55.820you can take delivery. Once you convert your RRSP to a RIF, you can say, hey, instead of taking
00:27:02.040the funds out, I'll take the physical product. That's a way to go. Now, there's all regulatory
00:27:07.900rules, but ultimately you can get that physical product back in your hand. So give us a call.
00:27:13.140We'll show you how to do it, and we've been doing it for over a decade in registered accounts,
00:27:17.680and we've been helping clients get into physical metal for over 20 years.
00:27:21.220Jerry, we've got a couple of minutes left.
00:27:23.220What are your thoughts on what's going on in the world?