00:00:48.140This is one that kind of rattled everyone, shocked everyone by storm.
00:00:52.220And it was this week when, on his Truth Social, so it's an app that many Canadians don't have unless you have one of those VPNs, which I do.
00:01:01.740You can get Truth Social if you would like.
00:01:04.060But on his Truth Social, Trump tweeted a Jim Rickards tweet from Paradigm.
00:01:11.660And it suggested a few things that are going on.
00:02:09.480A lot of chaos. Specifically cites November the 3rd, 2026, a culmination of a constitutional crisis. A lot of famous people in the government, maybe some arrests, a lot of calls. But now this is a gentleman, Jeremy, who's made a lot of calls. He put his neck on the line, which he's called the 2008 crisis. He called the COVID crisis as well as the stock market that came down as a result of it.
00:02:36.480He also called the Trump victory when 99% of the votes and the polls, the pollsters, were calling 99% win for Clinton.
00:02:47.580His central argument was a loss of confidence and a crisis by confidence, not simply inflation.
00:02:54.820Yeah. So in watching it, he's basically saying that typically you would get one event. Let's say
00:03:01.580the great financial crisis, subprime. You get one event, the stock market falls, and that
00:03:07.380gives all this contagion. But in this case, he's saying there's actually going to be potentially
00:03:12.680four events all at once. And he uses the analogy he's used in the past about the snowflake on the
00:03:18.960mountain. It's just one day that snowflake, but it's not that, it's everything underneath. So he
00:03:23.840does point out as well the structural issues in the United States financially or fiscally with
00:03:30.020the debts, et cetera. And so that there's a lot of tenuous things going on. But he also says that
00:03:36.940basically the Democrats are going to come out and push really hard to get Trump into a corner where
00:03:44.620he has to either look like a tyrant or roll over on violence and these other things. So it's just
00:03:50.880going to be a just an amalgamation of of a lot of events all at once and things that that some
00:03:57.660people would be happy about right this idea of the arrests there's many people out there saying
00:04:02.840we want to see arrests we want to see arrest well be careful because you might just get what you
00:04:08.200wish for and there's going to be a lot of chaos along with it and he he makes obviously this is
00:04:15.180a promotional video, but Trump has pointed out, and oh, the best part was he talks about
00:04:20.560the opera song that he's used at his rallies, and that's in the movie, Some of All Fears.
00:04:32.160This could be a lot of volatility about to happen in the market, but one thing that Rickard
00:04:39.840sees is on the other side of it, it could potentially be very, very good moving forward.
00:04:46.880Nonetheless, he thinks that this could really push metals significantly higher. How high does
00:04:52.700he think it could potentially go? I know you mentioned 10, but-
00:04:55.42010. And Rickard cites the confidence or loss of the confidence in government liabilities. And when
00:05:01.480the liabilities fail, the investors seek an asset, which is why he's in gold, not someone else's
00:05:07.440liability. Gold is in and of itself. Money is in and of itself. Ounces outside of the liabilities
00:05:14.520and paper system. But he goes further and says $20,000 is not outside of the range of possibilities.
00:05:20.940If confidence deteriorates badly enough, obviously volatility can increase with uncertainties and as
00:05:28.380money flows. And what is interesting, obviously, I said before, this is not Trump or the White House
00:05:34.520posting it. Trump posted records, but it's not the same as endorsing $10,000 gold, but it's actually
00:05:44.420being thrusted out there from the presidential desks. Yeah. For us, it's yet another signal
00:05:54.340about gold. We've had the let's audit Fort Knox. We've had the, well, we're going to talk about
00:06:02.840Iran today. This is another example of it. And it just seems like there's more. We've got the0.99
00:06:09.600critical minerals, strategic. We've got Besant talking about gold often. It just seems to follow
00:06:17.560him around. And I like what he talks about, the escape velocity. You mentioned a lot on The Real
00:06:21.820Money Show. When it starts to move, we know that it took a lot of percentage of thrust to move from
00:06:28.100gold from $3,000 to $4,000. That was 33%. But going from $9,000 to $10,000 is only 11%.
00:06:34.560So the $10,000 target sounds enormous in dollar terms. But once gold has started this repricing
00:06:43.460and the thrust forward, the snapping forward and the thrust into the next levels above,
00:06:53.160it gets repriced dramatically higher. It becomes easier and easier.
00:06:56.620Yeah, this has definitely been something that Rickards has pushed as a premise in articles and in his interviews, where he's basically saying, look, for gold to go from $1,000 to $2,000 is 50%.
00:07:09.160But when it goes from $9,000 to $10,000, it's 10%.
00:07:12.300So it gets easier and easier for the price to move higher, which that's it.
00:09:01.200So the other thing, Jerry, that I did just before we jumped on is compared what would happen if
00:09:08.440gold went to 10,000 or 20,000. Did we set it up enough?
00:09:14.340I think so. Well, one more point with Jim Rickards. This is the same guy back in January, February, Rickards separately, separate to this, argued about the Treasury's possibility of revaluing the gold price and America's official gold reserves.
00:09:33.560early this year, he saw roughly a 65% probability that the Trump administration could revalue
00:09:42.220the gold price. So we talked about this prior on the radio, that if they were to revalue gold back
00:09:48.080to the ratio, so that gold can measure up to the liabilities up to the ratio, which is around 30%
00:09:53.560of all of the Fed notes, that would put gold at around $8,000 per ounce. So here we go into the
00:09:59.760segue of where we could be with regards to these ratios.
00:10:02.120I just don't think that they could do that out of the blue. I think part of these getting gold
00:10:25.800You've got a long way to go. Also, if you get great success in the gold market,
00:10:30.920what that tells you is that people, not in the gold market, sorry, in the economy,
00:10:37.560then people are going to want to buy gold. If they're learning about gold, they're going to
00:10:40.920want to own it. You're going to see that go from less than 1% to 2% or 3%. You can only imagine
00:10:46.600what that could do to the price as well. We're already hearing. We know that gold
00:10:49.960Gold has overtaken U.S. Treasuries as central bank's number one asset held in reserves.
00:10:55.960That is revolutionary, which is why institutions like Tether, Goldman Sachs, Fidelity Investments are all increasing their holdings of gold.
00:11:08.040Because according to the report from the World Gold Council just released last week, gold is all you need as a diversifier in your portfolio.
00:11:15.840Without it, your portfolio is open to shocks, and gold as a buffer provides that hedge and that performer that you need to diversify away from devaluing currencies.
00:11:31.100We help clients to own physical gold, physical silver, whether you're buying it direct, whether you want to hold it in a vault for ease of liquidity, security.
00:12:43.280Which it is clutch because it means that it passes the test. If you can't hold it, you don't own it.
00:12:48.740Don't take it from us that it's there. Trust is down the drain. As we know, over the course of the last 5-10 years, Canadians have been subject to the most grueling measures and the enforcements on our money and locking bank accounts.
00:13:16.300I'm still waiting to walk out of Shoppers Drug Mart and see the plan and see the wins on the cover of the Toronto Star or the Globe and Mail.
00:19:43.120And then even in the bond market, you have the treasury getting involved in the bond market and buying long-term because the yields were getting too high.
00:19:54.880All of a sudden, people who own bonds decided, well, I'd rather sell those and own gold if the interest rates are going to come down on long-term bonds.
00:20:03.300So there's a lot of reasons to get into the gold market.
00:20:06.740Let's talk about getting into the silver market.
00:20:09.000So we've talked about certain instances where the administration or the president himself has mentioned gold, either directly or peripherally.
00:20:21.020Silver, we know, is a critical mineral.
00:20:23.460We know that the government in the States is also investing in mining companies.
00:20:35.960So a lot of golden nuggets, as we call it, little crumbs here and there being left for us to put together and piecing a beautiful puzzle together that shows whether you're a gray sky or blue sky like us, this is the stabilizer for the immense derivatives market, the liabilities that need to be covered, the treasury market that has to be covered, whether it's called Operation Twist or the yield curve control.
00:21:01.240This is the depacement cycle that we're seeing, which means gold and silver perform during this type of cycle.
00:21:07.940When you have interest rates being cut or this yield curve control, all roads have been pointing to, and all the voices, especially the Treasury Secretary Scott Besson, walking down the aisles of the Treasury himself, pointing at the artwork on the wall with Jesse Waters.
00:21:38.480Remember the gold was there for the treasuries
00:21:40.500but the circulation of the currency was silver
00:21:43.180which was removed before the gold standard suspension in 1965
00:21:47.420where they took out the silver out of coinage.
00:21:50.420And it's just interesting, by the way, just to note
00:21:52.740that you have a treasury secretary who speaks all the time to the public.
00:21:57.420It's not Janet Yellen who would speak only to 60 minutes once in a blue moon in a very controlled environment.
00:22:05.460This is a guy who's constantly speaking everywhere, and the fact that he would talk about that, you would never hear that from a former Treasury Secretary.
00:22:14.300We were told that gold is a relic for the longest time, that gold is a tradition by these old central bankers.
00:22:19.900Now, the Americans, for the first time, the North Americans, for the first time, have an opportunity to bump up the 1% of the gold that we own, maybe to 2% or 3%, which would be a tremendous push higher for the gold in the silver market.
00:22:34.420The participation and the adoption that we're seeing from Tether and other institutions is going to be massive from a gold perspective.
00:22:43.720But even more so silver being a lot smaller in terms of above-ground ounces, you have that much more of an impressive thrust, which is why silver was considered a critical mineral.
00:22:53.840Without silver, you can't have that powered by AI at the bottom of your emails.
00:23:00.800Well, without silver, you cannot power AI.
00:23:02.980That's the bottom line. And where silver is now, talking about prices and performance, if we have silver versus gold and other commodities, these commodities, including gold money, have already multiplied by four, four times where they were in the past peak.
00:23:24.400If we look at silver, silver is just approximately 30% above its last peak, a pittance compared to where gold and the other commodities are.
00:23:33.600We deal in ratios and we deal in long-term cycles, which gives us peace of mind and a good overview, a 50-year chart overview of where we're going to be.
00:23:43.100And knowing where silver has to play catch up, probably at this moment in time, at this tail end of the super cycle.
00:23:49.800if silver were to catch up to the fair value that's times four and we're at 65 times four
00:23:56.560that's close to 300 us dollars per ounce and that's just normal yeah but when michael oliver
00:24:01.840says silver made a mistake silver silver made a mistake it's that means for the longest while
00:24:08.580it was trading sideways making a mistake the longer something paces sideways or consolidates
00:24:14.200the higher the escape so he this is why michael oliver as well has says just like rickard says
00:24:21.080i can't you know i wouldn't be surprised if we see 20 000 gold well michael oliver says i wouldn't be
00:24:25.360surprised if he saw 10 uh 1 000 silver by this year end yeah let's run some numbers look very
00:24:31.180exciting you can't have a data center without silver you can't have solar without silver battery
00:24:36.020power without silver uh the the way to create the energy you know nuclear facilities you can't have
00:24:42.640that without silver. Silver is used in every light switch, Apple, iPhone, computers. It's
00:24:50.460everywhere, anything electronic, anything digital. So it is absolutely integral to not just our lives,
00:24:56.020but those for everyone around the world. So if you're going to see growth around the world,
00:24:59.980we're actually on the cusp of our sixth year of deficit for what's coming out of the ground. So
00:25:05.460silver has remained very much undervalued. Even though it's up 77% in the last year,
00:25:11.600that doesn't mean a whole lot because it was so undervalued to begin with. And some people will
00:25:16.760say, well, it's a manipulated market. Yeah. Okay. Fair. It's a manipulated market that's up 77%.
00:25:22.200Okay. And we've talked a little bit in the past about how the exchanges,
00:25:27.140there's one exchange in the US and they're talking about the Silver Act to move across
00:25:32.140different time zones. China's opening up exchanges. So things are looking good. So
00:25:36.440let's get down to it. Let's do it. If we get to $10,000 gold-
00:25:39.780All right. 10,000. Right now, we're at about a 60 to 1 ratio, not getting to the historic ratio
00:25:45.660of 16 to 1 on silver, meaning that's how much silver came out of the ground for every ounce
00:25:50.520of gold. That's historic norm. Right now, I think we're at 60. 35 to 1 is where we got in 2011 at
00:25:57.740the peak. We're going to be our conservative best. 10,000 divided by 35. 10,000, we get to
00:26:04.80050-to-1, that's going to be $200 silver. If we got to 40-to-1, it's $250. And if we got to a 30-to-1
00:26:14.640ratio, that would be $330 silver. So that's just based on silver getting to 30-to-1 ratio
00:26:23.380at $10,000 gold. Now, if Rickards is right and we go to $20,000, a 50-to-1 target would be $400
00:26:33.560an ounce on silver and a 30 to one target would be $667 for silver. Now, that would mean an 866%
00:26:43.740gain from where we are today. And if you put $50,000 into silver today, that could potentially
00:26:49.200turn into $433,000. If you were to just put in $50,000 right now and it were to go to the $200
00:26:58.100an ounce, you would turn that into $150,000. Right. So it's looking good either way. So I
00:27:05.220would recommend starting anywhere. That's right. Get your hands on some silver, pick up a tube of
00:27:10.780silver maples, maybe buy a hundred ounce bar, get a feel for it. And then maybe you decide,
00:27:15.500hey, you know what? I want to put some in my TFSA or I've got this lira I never used. Let's put it
00:27:20.160into there. We do that. We do that for you every step of the way. We open the account for you. We
00:27:24.040help facilitate the transfer laterally from one institution to the other. We may even talk to the
00:27:29.340planner who may be trying to hold on to your funds and help stop you from making the move. Listen,
00:27:34.120you have to take control of the wealth yourself. This is a different type of cycle. This is a
00:27:39.060super cycle, a once-in-a-50-year opportunity. Some people don't even live beyond 50 years old.
00:27:44.900This is an opportunity that's going to unlock wealth for so many people. Whether you're a
00:27:49.420gray sky this can protect against the debasement cycle that we are in right now as ray dalio said
00:27:54.180this is where we're this is where we're at we're going to be in a devaluation cycle a capital wars
00:27:59.840are in we just talked about sanctions i had a tickle in my ear that some may be you know scoffing
00:28:04.260and maybe saying well that means they're going to be confiscating gold and silver like they did in
00:28:08.860or gold like they did in 1933 the gold standard uh or the the gold confiscation act but the the
00:28:16.600fact that they have gold and silver on the critical and strategic minerals list, that means the U.S.
00:28:21.640is focused on building out nationally. The Trump administration just launched a $3 billion fund
00:28:28.140towards mining, building it out without having to import it from other countries, even focused on
00:28:35.360the education of mining. And you have the immediate measures. This is the Executive Order 14241
00:28:42.980that is here to create jobs and fuel prosperity
00:28:47.560and focused on the supply of minerals nationally.
00:28:51.480There's a lot of gold in the ground like we have here in Canada.
00:28:54.720Canada has no reserves, and it is up to us to get our own reserves.
00:28:58.760Look, we talk a lot about the United States
00:29:00.940because that's where you're seeing the growth and the success,
00:29:04.460and you're also seeing a lot of the upheaval.
00:29:07.660We want to see their success, and the more success we see there,
00:29:11.500the more we will want it here and want to be a part of it and connect to our neighbors.