00:01:21.000We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.
00:03:14.000Those are very common with large organizations.
00:03:19.000You know, we sell kilos, but typically to our larger purchases, you don't see a lot of day-to-day investors buying a kilo because it's too big, right?
00:03:30.000You know, if you want to break off, you know, a few thousand dollars, you can in a kilos worth $60,000.
00:03:36.000So it's typically a larger buyer or countries or those are typically the people.
00:04:04.000And yeah, the storage component of silver, you know, I've seen people that do, you know, seven figures in silver, and it's a pallet of silver.
00:04:28.000You know, we're here for the full hour and there's several topics I want to cover.
00:04:34.000Let's talk about just how what you're seeing, right?
00:04:36.000Because you kind of have, you're a little bit of a canary in the coal mine.
00:04:40.000You observe the canary in the coal mine.
00:04:41.000Because when I talk to you, you always see things happening before they happen, right?
00:04:43.000Because you have people call you that are feeling the real, not just the news, right?
00:04:47.000So what do you hear and what are you seeing, especially over this last year, which has been a wacky economic year?
00:04:52.000So you have this inverted yield curve, which I think is a big topic.
00:04:56.000You know, you have these short-term bonds paying, you know, five, five and a half percent, which is unusual.
00:05:02.000It's been going on for about a year now, which it shows that for people that don't really understand, it's typically a sign of a recession when you have this inverted yield curve because it means the large money, the bond money and all that is they're willing to, you know, buy this short-term money and they're really putting a lot because they want to be prepared.
00:05:23.000Otherwise, you wouldn't see a three-month treasury paying out a higher percentage than a 10-year or five-year.
00:05:31.000People typically want a higher return on a longer-term bond.
00:05:35.000So it means that there's a lot of large money sitting on the sideline and they're waiting to see what's going to happen and they just want to be prepared.
00:05:43.000They don't want to be tied up in five and 10-year money because they believe that there's going to be a recession.
00:05:49.000So how long has the yield curve been inverted?
00:06:03.000I mean, do you think we're in a recession or is it by recession by another term?
00:06:06.000Yeah, I mean, I think that, you know, you have this unemployment number that's that's confusing for a lot of people because a lot of the jobs that people really want, people that are, you know, 40 to 65, 70, the jobs that pay 65,000 and above, those jobs have really shrunk and they're not hiring.
00:06:26.000And a lot of companies are on hiring freezes right now.
00:06:29.000Obviously, you have a lot of strikes happening all over the world.
00:06:32.000You know, obviously the writer strike, you know, that's obviously billions and billions and billions of dollars lost.
00:06:37.000So I think that we're seeing a recession.
00:06:39.000It just, it looks, this one factor of unemployment seems to be low, but really those are jobs that are not jobs that most people need to live on.
00:06:59.000I mean, if you look at the things that people are buying every day, the things that people need, I mean, I just had our health renewal for the company.
00:07:06.000And, you know, the lowest company I could choose from, the insurance rates were up 10% for the company.
00:07:43.000And we've had a lot this year, and it's what a blessing.
00:07:46.000I mean, it's such a blessing to have that happen and to be able to employ people.
00:07:50.000But obviously at some point, if your health insurance goes up 10, 11% every year, there is a point when it becomes too expensive to run the day-to-day business.
00:08:00.000And we're getting closer to that point.
00:08:02.000I mean, it's, you know, I look at some of the rates that, you know, for some of the people, the company, and it's, you know, obviously it goes up by age and there's all these things fat.
00:08:10.000But we're, you know, some people are looking at $1,000, $1,100.
00:09:05.000I mean, you always saw people with wealth move very quickly.
00:09:09.000But I think right now, with the equity market, it's being so bad and this idea that there is a recession coming, which means it could be worse, people are nervous.
00:09:18.000And obviously, these short-term bonds that we're seeing right now has an effect on corporations because corporations, they're borrowing money.
00:09:25.000And so now it's really expensive for them day to day to borrow.
00:09:36.000And the smart companies, and you saw this when, I mean, just anecdotally, when all of a sudden, right in the summer of COVID, you saw a lot of fast food restaurants all of a sudden build beautiful new, you know, like Burger King and Wendy's.
00:09:48.000You're like, wow, because they borrowed during the low rate.
00:09:51.000The very smart companies borrowed as much as they could when interest rates were 2.8%.
00:10:14.000I mean, the Wendy's in particular, I could at least name 10 or 12 Wendy's in the Valley where they, I mean, they made that kind of new design trendy, not cheap, right?
00:12:39.000And I brought it because, first of all, I think it's a fun story.
00:12:41.000And second of all, you know, just talking about hobbies, you know, there's a lot of hobbies that cost you a lot of money.
00:12:48.000There's not a lot of hobbies that actually can actually make you a little bit of money.
00:12:52.000And even though I love bullion and I mostly buy gold and silver, bullium, and platinum, you know, I do like collecting things that are interesting like this.
00:13:07.000And actually, there was so much gold on this ship that it actually caused a panic.
00:13:12.000There's the 1857 panic that it caused, really, really screwed up the markets because there was such a massive amount of gold on there that people were concerned about the economy.
00:13:23.000And this is before we were in this money printing stage where gold was really used.
00:15:03.000But I don't think they would let people know in advance if they were going to create their own currency.
00:15:09.000If you think of the Euro, if you think of a lot of currencies, you don't want to let people know too early because they're going to move in different directions and make moves basically.
00:15:20.000So I think that people don't realize that our dollar isn't backed by anything and that the government is just basically spending and spending and spending.
00:15:30.000But I think people today do realize that their dollar is buying less and less than it's ever done.
00:15:35.000So part of the market confusion this year was that the market was going steadily down from January 1 till mid to late February.
00:15:45.000And then the Silicon Valley Bank collapsed.
00:15:48.000And if you go a level deeper into the financial data, it's pretty clear that the Fed started to release more money into the money supply without actually saying it.
00:16:14.000And I think that they know deep down, most people realize we do need to open the money supply up a little bit to get things moving.
00:16:20.000I mean, a big issue, and Powell's, you know, the thing that's scary about every conversation you hear with Powell is that he's basically said he doesn't know when things are going to change, that he doesn't think we're going to have a soft landing.
00:16:32.000He doesn't think we're going to move in that direction.
00:16:34.000So I don't think we're going to have a, there's no way to have a soft landing.
00:16:36.000There's no way to have a soft landing.
00:16:37.000So I think, yeah, they started to release more money out into the public.
00:16:41.000And then, you know, you had three banks basically go under within two weeks.
00:17:35.000Join the movement of millions of patriotic Americans who love truth, our country, and our Constitution at publicsq.m-O-B-I/Charlie Kirk.
00:17:44.000Public Square is an app and a website where you can get connected to tens of thousands of businesses from all different industries that share your value for life, family, and freedom.
00:17:53.000Public Square is free to join and get started today.
00:18:25.000I mean, I remember talking to, you know, you just, we talk to miners and, you know, they give you insight into what it costs to pull silver out of the ground.
00:18:36.000And they, you know, they just don't understand in the 20s why it's sitting in the 20s.
00:18:40.000And it's just kind of been hovering there.
00:18:41.000Gold and silver, with all this inflation, gold and silver really haven't moved as much as one would think right now.
00:18:48.000And we use silver in so many industries.
00:20:34.000So you see it transitioning now where people are starting to talk.
00:20:39.000You see palladium's down in the 1250 range.
00:20:43.000So I think you could see a reverse where platinum starts to take off.
00:20:46.000So we've been seeing a lot more push of platinum being consumed.
00:20:51.000And so it's interesting to see that shift.
00:20:53.000When I started in the business 15 years ago, it was 90%, 92% gold, and then the rest was silver, and then maybe less than 1% platinum, palladium.
00:21:01.000But we are starting to see that shift.
00:21:16.000If a lot of people have left jobs, you can roll it into a self-directed IRA, which I even if you don't buy gold, I recommend that because you know this, like you want to be in charge of your finances.
00:21:27.000And being an old 401k, you can read it till you can't read anymore about how many hidden fees there are in those accounts.
00:21:36.000You know, they've been trying to hide those fees for years.
00:21:38.000So getting in a self-directed IRA, even if you didn't buy gold or silver, you could just buy Tesla or you could buy Ford or you could buy anything and you're in charge of it.
00:21:49.000So I highly recommend any old 401k move into self-directed, take control of it, and you can put it in gold and silver if you do want to do that.
00:26:41.000And I actually did a video that went crazy viral while I was talking about it.
00:26:45.000I had a kilo gold bar that's worth about.
00:26:47.000And I was saying, like, this could be, you know, who knows where college is going to be in 15 or 20 years, but let's say people are still going to college.
00:26:54.000This could be the college, you know, put this away, wait 15 years, and this is, this is, could be, you know, right now it's, maybe it's two years of college.
00:27:47.000And, you know, you look at these big these funds saying, I can make 5% right now, but we know that that 5% return in banks and CD, that's not going to last forever.
00:29:06.000I mean, and to your point about rent, there's no reason that rent is going to go down substantially with all these people tied to these 3% mortgages.
00:29:16.000And that whole industry, the mortgage industry, loans, you know, that industry is dead.
00:29:20.000I have so many friends in real estate, and it's so hard for them right now because, you know, the expectations are so unrealistic that properties are just sitting and sitting and sitting.
00:29:31.000And that's been happening for more than a year.
00:29:33.000So that whole industry, which there's a lot of fees and there's a lot of money to be made.
00:29:57.000And if you're a grandparent, you're like, boy, I want to set up my kids.
00:29:59.000But, you know, the other good thing about gold, too, is that it's stable, but also it's like they have to really be motivated to sell it, right?
00:30:49.000What are some top line takeaways from our friends at JP Morgan Chase?
00:30:54.000Well, I think overall there's a market insecurity in terms of this paralysis, as we've been talking about.
00:31:03.000So much of our country is built on debt.
00:31:06.000So if we continue to have high interest rates for the significant future, 12 months, 18 months, and Powell's, he's sort of alluded that he doesn't know when interest rates will drop.
00:31:20.000I think that almost all corporations in general are going to be cautious with hiring, growing their infrastructure.
00:31:27.000So I think it's, it's, and we've seen that the markets had some, you know, a few good days this year, but for the most part, it hasn't been as strong.
00:31:34.000A lot of people thought we'd see a bounce back this year.
00:31:38.000And I think as long as we're at interest rates, you know, six to nine, and there's people thinking that maybe household interest rates could go to 10, I don't think we're going to see the equity markets move in a favorable manner.
00:31:53.000Yeah, and I mean, the interest rates is directly tied to structural inflation.
00:31:56.000So people say, well, why did it just lower rates?
00:31:58.000I mean, then you'll see even more inflation, right?
00:32:00.000So, I mean, you know, I don't know if the Fed wants what's best for America.
00:32:56.000Like old mortgage brokers are calling me every day, offering me this credit.
00:33:01.000So, yeah, so you have that situation, that overspending and that, you know, that way too much money going out.
00:33:07.000So, you know, really what Powell's position is, is that, and a lot of people believe this, the only way interest rates drop next year is you have some kind of black swan event.
00:34:07.000And I think overall, when you look at how people are looking at their money right now, it's like they're looking at what's, you know, you had to get rich quick during COVID where the stock market went up and people made, you know, have that movie Dumb Money talking about, you know, people buying this ridiculous AMC stock and it goes through the movement.
00:34:24.000You know, you have these people that are looking for those get rich quick, but so many of them lost so much money over the last two to three years.
00:34:30.000Now I think the reversal is like, let's go back to basics.
00:34:34.000Let's talk about the things that have to be done.
00:34:36.000Yeah, let's get back to the fundamentals and think about things that are going to be good.
00:34:40.000And I think we need to empower real estate because it is such a big industry with a little bit lower rates because that would fundamentally help the economy.
00:34:48.000But then people should really look at what the things cost and be looking at value.
00:34:53.000And that's why I really love where gold sitting, platinum, and palladium.
00:34:57.000If you look at value and if you look at these prices, you look at inflation across the board on everything else, they really haven't gone up as much as some of the other items that are out there.