I see premiums going up. If the market goes down and because especially in this environment, I mean,
when the price Falls,
we do more business than ever because there are so many people who understand what's happening.
One of the things that I always find interesting about the market
is just how reactionary it truly is and that I think is a mistake.
Mistake.
When when you're talking about investing and you know you look at the Chinese they think in terms
of decades and we think in terms of seconds here in the west and you get information
that everyone really deep down, I think understands has to happen.
We have to see rates rise
and, you know,
you see some numbers that make make, it evident that they're going to continue to tighten their grip.
The continue to raise rates, and the market has knee-jerk reactions.
I think you have to be proactive. We've seen for the last several weeks inside,
or selling it record Pace, the Insiders are selling on strength and for whatever reason,
Hope Springs Eternal in the equity markets. And look, it's been that way for a long time.
And I think recency bias makes most people believe that just hang on have strong fingertips. And,
you know, it will all come back. It'll all be okay.
There was a
an article that came out the other day by a man named Sergei glazyev and he is involved.
He's the Russian minister in charge of
integration and macroeconomics for the Eurasian economic Union. I mean,
basically you're talking the brics countries,
you're you're talking about this new conglomerate of countries that is coalescing
against the west and it's become more and more and more.
And More obvious and evident to me really that this is something
a trend that is in motion and that is not stopping.
And he came out and said I'm going to read something here because I think it's very important,
it really crystallizes and undermines everything I've been saying to you and that is that he laid out
fundamental principles upon which the new post US dollar economic system will be based although
some common unit will be agreed upon. It will not be based upon any particular currency.
See,
as with the Bretton Woods order or rather a Market Basket of local,
currencies tied more deeply to an array of real Commodities
such as gold and other precious metals.
So what you are seeing here is exactly what I've been talking about.
A coalition of up to 90% of human population against the west and they are going to use.
I believe the distributed Ledger technology. Let's call it a beta test of the Chinese digitally one.
Which has worked flawlessly for over three years to the tune
of north of 20 billion dollars in successful transactions.
I believe they will use that as the rails for the new currency that they've already announced.
The brics Nations have announced that they will issue a new world Reserve currency
and here you have Sergei telling us that it's going to be pegged to Commodities.
Massive draw Downs in gold and silver unbolt exchanges
the London Metal Exchange and the comex.
And then you see the commercial banks for the very first time I have ever seen in 33 years,
our net long and silver. They are net long over 5,000 contracts, a spike in energy, costs,
more money to pull it out of the ground or a spike in energy. When you're talking about the inability to,
you know, to efficiently refine it and produce it,
I haven't it makes sense.
But you know, like we talked about on our market update the other day,
the impromptu,
One,
there are so many things that just pop up, you know,
everything that I talked about is really macro and scale. When I talk about the,
the product disappearing, ultimately, a market defined by the inability to Source product.
As I always say on your show,
I'm thinking I'm following Rick rules logic in that and that one half of one percent
allocation to Metals across the whole financial Matrix in this country,
when that becomes five percent It's going to be impossible to get product.
That's a tenfold increase in this industry. Cannot handle it.
So that's what I'm thinking, but, look at the micro side of things. Queen,
Elizabeth dies and everything goes way up and prices becoming harder to get something like that.
That no one would think about that would change the Dynamics of the market will happen. And so,
look, supply chain problems are probably only going to get much worse. And,
you know,
look at one of these times,
we see a market really sell off.
You know, you've had a Federal Reserve that has come in every time.
The market should have cleansed itself like a forest fire but instead we come in and put
out that fire and the FED does and it has created a greater greater greater distortions,
one of these days and maybe this is the beginning of it.
You see a market sell-off? A real one.
That'll wake people up, shake them to the core.
They've already looked at their 401ks or down considerably over the last several months,
but it'll really shake them,
you know, bear Market,
often will Leads little by little by little by little and they'll be bear Market rallies and I'll bleed in the
lead in the believe them. Rally will suck you back in. Okay? It's all over, get back in and it's all good.
And then it'll fall some more than bang. It's going to fall really hard.
And that's the kind of thing that will wake up the public. And when the public awakens,
where do you go?
And, you know,
you see me getting more and more
wound up about this because when you and I started talking about this in 2020, it was the belt.
It was not even the Belt Road initiative. It was the tier one revision of gold.
Why did it happen and why did all the banks are Patriot there?
Trying to figure it out and then Nancy Pelosi says well you know viruses can live on currency.
So I said, oh digital currencies coming and then from that day forward,
the Belt Road and all of these things, one by one, by one by one,
by one that keep happening every single week.
There's a new story that goes along with d dollarization and Coalition of
all of these countries and the u.s. is very conspicuously not part of it.
And I think these countries are basing this Coalition not Tap not just upon the mutual dislike
of the west but also a whole new system based upon Commodities and transparency and,
and honesty the way that it should be done the way that markets should run and what better way
to roll out distributed Ledger technology then to Peg gold to it and issue a new digital currency.
It'll be won't be open source. It will be a private permission only blockchain,
but they will show what has been pegged to it.
Maybe Saudi Arabia pegs oil and maybe,
you know,
China, pegs gold and and or rare earth metals and Russia, pegs,
platinum and Palladium. And go. Who knows.
But you will see it on The Ledger and I think that's the road.
We are heading down and it will ultimately be necessary to ever challenged or ever come out
as a world Reserve currency as the brics Nations said that they're going to do as Chief said,
we are doing this, here comes And you have to Peg it,
you have to pack it and show the world that hey we're going to break the cycle of governments.
Always choosing inflation over austerity,
always choosing the printing press over the tough decisions and very quickly that will be something
that will immediately gather a whole lot of attention and a whole lot of credibility.
This is the time to trust your gut because Financial advisories are no more in tune to what's happening
than you are. In fact, they're probably less in tune because You have them. Not all of them.
I work with some very good ones who really are in tune to this but a lot of them know
more and more about less and less till they know everything about nothing.
And they think the road to retirement is only paved with tight grips on mutual
funds stocks certificates and a 40% Bond. Allocation well I got news for you.
If what happens,
if what I see happens happens those are the portfolio's that get crushed the hardest.
I see premiums going up. If the Monkey goes down and because especially in this environment, I mean,
when the price Falls,
we do more business than ever because there are so many people
who understand what's happening who understand that,
you know,
that this is just overt manipulation. So no, I don't see premiums going down as as prices go down,
not at all. In fact, quite to the to the contrary, they usually move. Inverse of each other.