00:00:28.000the dollar is up. Gold and silver are also up. They've erased all of their losses that we saw
00:00:35.560earlier in the week. We're recording the show today on Friday, September 18th. So Jerry,
00:00:41.340it definitely seems that something in the market has changed. We have a few factors that we're
00:00:46.320going to look at outside of interest rates, but what did you see that signaled a change with
00:00:52.680regard to interest rates rising and yet gold and silver shrugged it off and kept going?
00:00:57.360Look at that. It was a news-heavy week with rate hikes from the states. They raised a quarter point. Japan raising a quarter point. Talking about those two risk factors, the yen carry trade potentially blowing up, those yields starting to spike.
00:01:13.060Like yields are a precursor, a flashing yield over 5.3 signals, liquidity issues and problems with the bonds.
00:01:22.120So Fed rose interest rates when Besson said, we're going to be growing our way out of inflation.
00:01:33.000When the Fed was threatened by Donald Trump, President Trump, you better cut those rates.
00:01:40.380And if you don't cut, we're going to go to a trade war.
00:01:42.580So Warsh raised rates. We call it defiance, but could it be just a part of the show and definitely the popcorn is popping?
00:01:52.680The independents, we can get into that. My question for you, though, is if they didn't, you have inflation, gold and silver rise. Are you saying that gold and silver are potentially rising now because the servicing of the debt just got worse?
00:02:11.040So now you're into a perpetual debt spiral because you're increasing the cost of your own debt now. Is that part of why gold and silver are going up? They're signaling that we know this game is over.
00:02:22.680Yes. And RBC did mention that in one of their reports most recently.
00:06:51.880Yeah, the trust has been the issue, the credibility, which has been divided. I mean,
00:06:56.380And when you debauch the currency, eventually anything that operates in society eventually gets broken down.
00:07:05.280And that's what we are witnessing today, unfortunately, here in Canada, begging to be an associate member of the union.
00:07:12.080But it's liquidity that they're going for.
00:07:15.200The question was, what's Tether owning this asset for?
00:07:20.480And we're now seeing a buildup and a development on why they bought the gold.
00:07:25.280What else are they doing? And it became news today, shocking news this morning, in fact, that we received a report from Vince Lancey's Gold Reports. This is what we do here at Guild. We subscribe to trends forecasters, economists, and we share this information with our viewers and listeners.
00:07:42.840they're acquiring silver bullion and they're doing this through an affiliate from one of the
00:07:50.360tethers affiliate companies this company is the sec filings show that they're in el salvador
00:07:56.820and that they're owning physical silver bar bars and they're using these bars jeremy
00:08:02.640they're not just sitting there on the ground anymore they're putting them to work so this is a
00:08:07.640a buildup of the template for the new banking system that we're seeing.
00:08:15.020They are layering the collateral upon the digital format
00:08:18.940outside of the digital SWIFT banking system
00:08:21.740that has been used and weaponized over the last few years.
00:09:00.400It's almost like a micro strategy kind of thing.
00:09:03.240But ultimately, what Vince Lancey was also saying is that they're becoming a bullion bank.
00:09:10.500And this really grabbed our attention because in the past, we were very much scared of bullion banks, or we saw them as the evil side of the world because they were the ones who were manipulating the market all the time.
00:09:25.300But Tether doesn't have a connection to the traditional financial markets.
00:09:33.240the reason why there was a big, I guess since 1971, just a campaign to keep people away,
00:09:40.280keep you and I away from physical. I was actually told by my own financial planner,
00:09:44.620why would you want to buy something that doesn't bear any yield? I did. I pulled my money away and
00:09:49.380I wish I didn't have to do that. I broke my RRSP at the time and I bought myself some physical
00:09:54.260gold, but I digress. You don't have to do that now. You can call us because we do that. That's
00:10:01.360what we do. We do physical gold in registered accounts, fully allocated, segregated. You can
00:10:06.260go to visit your product, personally audit it. You own it. There's not a promise of it. It's
00:10:11.100actual asset ownership. Yes. So you can give us a call and we'll show you how to get it into your
00:10:15.820registered account. You have to. I digress. No, Jeremy, you're absolutely right. We were the
00:10:20.780pioneers back in 2015. Jeremy was actually the architect behind it. So we understand the reasons
00:10:26.280why and where the trends are but with this new development we have tether a company on the
00:10:32.860blockchain that you you will eventually be able to bank on you're growing your business they're
00:10:38.580funding their businesses through the use of gold and silver being used as collateral this is the
00:10:43.940very same strategy or the uh the the plan and what's being what's happening with the bricks
00:10:51.200When you have the network of vaults throughout Africa all the way to East Asia, you're pledging your gold in the vault.
00:10:59.160You can get financing off of the gold, no longer needing the IMF, no longer needing the World Bank, no longer needing this SWIFT banking system.
00:11:07.840The change that we're seeing happening here is a development of the industry, a development of the infrastructure for the gold and silver market.
00:11:21.200And so what the moves you're seeing in Tether are one example of it, but you're seeing lots
00:11:35.980So the reason why this is a major development for us, this is a complete contrast to the
00:11:42.520banking system that we have right now that relies on our money to be kept in the bank.
00:11:47.700The banking system right now is based on debt.
00:11:50.320It's a debt-based financial system based on your funds used as their collateral so that they can get the financing to maybe pay for an associate membership in Europe, for example, or sending funds around the world and wiring here and there without your vote on it.
00:12:08.360So this type of system, because the collateral is gold and silver, you are free.
00:12:14.940You can go into the bank if you'd like, or you may not have to use the bank.
00:12:17.840This is a complete alternative where the taxpayer or the holder is no longer an unsecured creditor at the bank.
00:12:25.880So this is an end to this fiat fractional banking system.
00:12:30.500So you know, it sort of clarifies the reason why there's been a campaign and fear mongering against the gold market, calling us gold bugs.
00:12:42.160Well, because the system of fiat currency and the theft through inflation can't happen if you own an asset like gold.
00:12:49.800So they had to vilify gold for decades and get people off of gold.
00:12:53.940Now people are worried that the government is going to confiscate when the banks are stealing 7% through inflation.
00:13:08.400So one of the other big pieces of news that we saw this week was that Samsung, who had created this battery technology that puts a kilo of silver into this battery, well, they're going to start production on this quite shortly.
00:13:23.940And it's just another example of an actual event appearing.
00:13:28.100It's no longer just academic theory that, oh, they're going to use silver in these new technologies.
00:13:37.700They're going to start those batteries, and we'll see what the sales look like.
00:13:41.020But this leads to something else, which is that you have a deficit in the mining,
00:13:49.480and you have very little development to push that mining forward.
00:13:53.380So people like Nomi Prins, who's an economist, she worked at Goldman Sachs, she worked at Bear Stearns, she wrote an incredible book called Collusion about central banks who were front and center this week.
00:14:06.000She's still calling for $6,000 gold this year.
00:14:08.960She's still calling for $120 silver this year.
00:14:12.180And she's even calling for $200 to $300 silver going forward because of this supply-demand issue stemming from the lack of mines supply, but also what's happening with new technologies.
00:14:29.800When you have a converging, when you have the fundamentals for silver, silver was traditionally, I guess, here in the West, as just an industrial metal.
00:14:39.380But it's being reintroduced as a monetary metal through Tether, through Tether's demand now.
00:14:45.920Countries holding silver in reserves, the original money.
00:14:50.480Putting it in insurance, insurance companies in China get to have it.
00:14:54.020I heard something that in the US, insurance companies are starting to look for it.
00:14:58.300I know in India, you can go to the bank and borrow against your silver, I believe.
00:15:03.620So it is more and more just the idea of a tier one asset is starting to come again.
00:15:12.100It's building up that infrastructure for it.
00:15:21.240um you know we call this show the real money show because it was an original thought a theory and
00:15:27.860the philosophy from aristotle who came up with the five characteristics of what money is and
00:15:33.700money must be divisible portable durable recognizable and scarce and it's intrinsic
00:15:39.300in value it always has had value you know proverbs 11 one talks about um you know false
00:15:46.200weights and measures upon a currency will ultimately always fail and that's the problem
00:15:52.620when we say well why did Voltaire said currencies will always currencies unbacked by gold and silver
00:15:58.560will eventually fail well Voltaire was spot on all fiat currencies the Canadian dollar especially
00:16:05.020the most shorted currency right now is the Canadian dollar not a good boat to be in Jeremy
00:16:11.540I mean, it's a leaking, it's probably the Titanic, considering how rapidly the currency has lost its purchasing power over the last five years.
00:16:22.380I think that goes back to, you know, you can gum up headlines and say, oh, I want to be an associate member of this, and I'm planning on this, and I'm hoping for that, and we have all these plans.
00:16:34.100But ultimately, people care about money in their pocket, right?
00:16:48.200We see, why are you making a deal over here?
00:16:53.480That's not an issue on your sovereignty.
00:16:55.540But if you make a deal over here, it is questioning your sovereignty.
00:17:00.820These hypocrisies don't make any sense.
00:17:02.780And ultimately, I think people sitting at home are saying, what matters most to me is
00:17:08.920that my costs stop rising, that my opportunities start growing, that my kid doesn't have to go
00:17:16.400move to the United States to find a job because he's not a minority, right?
00:17:24.660So Canadians are going to become a lot more concerned about the value of their currency
00:17:32.280and the purchasing power of their currency. And this week, proof is in the pudding. Gold and
00:17:38.160silver are up not only in US dollars, but because of the exchange rate, they're up against the
00:17:44.080Canadian dollar as well. This has been the case. If you go to goldprice.org, maybe we'll put it up
00:17:49.360on the screen, or just go to goldprice.org, you'll see that over the last 15 years, there's only been
00:17:55.140two down years of gold in Canadian dollars. It's been up in that currency consistently for 15
00:18:02.200years. You'd have to go back to 2002 to find another down year that was something like 2%.
00:18:07.080percent. That's negligible. What is the moral of the story? The moral of the story is that you
00:18:15.380don't have control over the printing press here in Canada. You don't have control over how much
00:18:22.040money they want to print, spend, go into deficit, borrow from your pension. You have no control over
00:18:29.200any of it and yet gold and silver are finite universal neutral and you can own it right it's
00:18:39.200still legal to own gold and silver you know what it is jeremy what it's your unsubscribe button
00:18:45.440if you've had enough of what you're seeing over and over and your vote doesn't even work
00:18:51.520and you're not seeing the results you're hearing a lot of promises but you're not you're seeing
00:18:56.780fruitlessness and zero fruit, zero harvest here in Canada. We were number one in the 80s
00:19:05.700in silver mining. We are still number four in gold mining. We're number four in oil mining.
00:19:13.500We should be the richest and most wealthiest nation in the world if we had a strategic reserve.
00:19:20.560We have nothing. The Canadian government has built nothing over the last 10 years. Over a trillion dollars has fleed this country because of the policies. And to say that, hey, this is just a stupid government. No, well, at some point, we have to come to the edge and say, you know what, this is almost a controlled demolition here in Canada. This is your unsubscribe button.
00:19:45.460Yeah. Gold allows you to unsubscribe. And if you like what you're hearing, you should subscribe.