If I couldn't do another 50 million dollar order right now, what does
that say?
I did it in two days before the July 4th weekend.
I know everybody if I couldn't get it done right now, what does that
say to the fragility of this entire system?
My challenge in life is to let my brain quiet down, and I have a very
difficult time doing that often.
Find myself laying in bed going over.
What had happened the day before?
Or that day?
And trying to think about, you know, certain things.
And wonder if I answered the questions, the right way, I find myself
doing this all the time.
It's difficult to fall asleep but I often do My best thinking, and
sometimes I jump right out of bed and write stuff down other times.
I wake up with Clarity.
And so I was asked a question recently, and the question was looking
at a, you've been talking about buying gold and silver now for on
YouTube for a few years.
And the question that was asked to me, is at what point or what level
do I sell my gold and silver?
And I thought, you know, this isn't an excellent question.
It's an important one to and You know people out there who know me
from coming into their living room multiple times per week.
This may not surprise them my answer, but I'd like to try and quantify
the answer qualified as well because I think it's important I think
it's important.
I think now I don't know that this one particular lady because I
really related it.
Excuse me too.
This order, I thought about her motivation.
When would she sell it?
Why would she sell it?
And my feeling is that and I think she feels this way, don't know it,
but I would guess that she never will sell her golden silver or if she
owed and platinum for that matter ever.
I think that she views these Metals as an intrical part of her estate
and her net wealth.
And I don't think she cares what the current price is because I think
she understands that gold represents unencumbered wealth.
I'ma give you an example from her standpoint.
Let's call her a rich woman because she is and, you know, let's also
remember that she didn't get rich by being stupid.
This woman holds let's call it 12 thousand ounces of gold for the sake
of math.
And today her Holdings are worth twenty three million dollars, she's
Rich.
No question about it.
Let's pretend for a moment that gold declines to seven hundred dollars
an ounce.
Now before I finish this, I want to say I'm giving the answer to
Question from the perspective of a wealthy individual, a very wealthy
individual who I think there are a lot of wealthy individuals out
there who will have an Awakening at some point.
And that Awakening will come as markets start to find equilibrium with
interest rates.
Or if the dollar as we've talked about starts to be globally forsaken,
as it appears that it is, and the response to that, the markets
response to that.
I think will be - to traditional forms of investment.
And at some point people wake up.
So in any case, this is the way that I think a wealthy person are rich
person would look at this.
So today, her Holdings are were 23 million in gold and I'm just going
to forget about silver for a moment.
We're just going to talk about gold because it's easier for the sake
of math.
So let's pretend that gold declines to a price of seven hundred
dollars and that's pretty big drop right during let's call it a
crushing.
Inflation.
Where bankruptcies rule in the price of everything that has debt
against it, then, counterparty risk.
Collapses.
At this point, this rich woman is holding 8.4 million dollars worth of
gold.
Oh this is just based on spot.
Ladies still very rich.
Next comes runaway inflation after this deflationary collapse as the
FED comes in and tries to save the day with wide open.
And you know stick it of money.
Andre accommodating and pushing interest rates down again you know,
right?
Right out of their playbook and gold runs up to 2500 dollars an ounce.
And she now owns 30 million dollars worth of gold is almost
embarrassingly Rich at least in terms of her neighbors.
Let's say, the point, I want to get across is that in holding twelve
thousand ounces of gold, this lady will always be rich no matter what
and Let's call it shades of Rich depending upon the economy.
So I would argue that this rich woman isn't trying to beat or out
trade the gold market, she holds golden syrup silver as as Eternal
wealth.
Now, the only argument I thought about that would invalidate.
This argument is that gold actually becomes a worthless barbaric Relic
that we've often heard people say.
It's so barbaric Relic, never understood That and suddenly nobody
wants gold.
And I thought about that for a minute and I came back saying well this
isn't a valid or invalid argument because 5,000 years of History, say
that that argument is wrong and and I think you know gold is etched
into the DNA of mankind.
There's never been an instance in spree Biblical times We're Men and
in this case women didn't lust after gold.
And so in laying in bed before I fell.
Sleep last night.
It just dawned on me that you can learn from the wealthy, or from this
rich woman when you own precious metals, I often talk about it as
being wealth, it's not to get wealthy and I tried to find a way to be
using mathematics show you this.
Now, it's a much bigger equation when you're talking 12,000 ounces of
gold but I want people to understand it from a person of wealth, the
way that they would be looking at this and there are very wealthy
people out there where 20 million dollars isn't that big of a deal and
In their basketball players out there making 40 million a year in the
NBA, so that there will be a percentage of people who make this
transition and and, and wake up to what gold and silver are.
And so, I think that these people will hold on to their metal forever
as long as they possibly can and pass it on to their children, in an
immutable fashion.
And I think that's really the takeaway here.
Is that once there is this Awakening and I think Getting closer to it
and this lady is validation of that.
I truly do believe that.
And this is again, goes to my point of talking about Supply, being a
real issue moving down the road because it's sticky.
People don't want to relinquish their gold and silver, they want to
pass it on to their family, their wealthy and other ways, the wealthy,
and this is just a way to preserve a portion of their wealth.
So, I was also told that, you know, the men, It believes they have
enough blanks to last till November but they have curtailed
production.
So they used them to allocations every week.
Now they're doing every other week and those allocations have greatly
been reduced.
So you can see this trend at least from the standpoint of the u.s.
men.
I just wanted to pick up, you know, this thread that we've talked
about for quite some time about dwindling Supply.
Ultimately the US Mint is not making it any easier to accumulate
metal.
And in looking at their Numbers 30,000, Gold Eagles.
I mean, that's woefully under under production from what is being
demanded here at globally and you can see that in premiums have gone
up 100 bucks.
Since I brought this up on your show saying my next prediction is at
Gold Eagles.
Take off like this to my only question is that do they become like the
silver eagles?
I'm not sure but you put it all together and you have a growing
Awakening.
A very large money looking to shelter their their their wealth.
And you know I went out to dinner the other night here in Florida with
one of the gentlemen who helped me fill this order and he said to me
and you couldn't do this order right now to save your life not even a
chance there is no way that you could do this order right now without
going deep into 2023 like first-quarter deep.
So I want people to think about that.
Second, you know, I've been saying for a very long time and got a lot
of heat for it.
On a lot of channels.
He's talking his book, blah, blah, blah.
No, I'm not.
If I couldn't do another 50 million dollar order right now, what does
that say?
I did it in two days before the July 4th weekend.
I know everybody if I couldn't get it done right now, what does that
say to the fragility of this entire system?
Would it disrupt our inventory here at Miles Franklin?
The answer is yes.
And I think that People need to understand that it won't take, but a
few very wealthy men, and women like this, who look to preserve, who
look to hold money and preserve their wealth.
No matter what happens to the golden silver price, because it is
wealth, you know, you can see that it's going to be more and more
challenging for johnny-come-lately Lee's or Jenny comes lately.
And this is one of these deals where I wish I could find a way to
convey to people.
That you know, there's more to the equation than just the price and
price is a tool of misdirection and this is one of the reasons why I
think part of My Success and accumulating metal goes all the way back
to the lesson that my dad taught me day one when I started at Miles
Franklin and and 19.
What was that?
Older 1989 1990 buy something every two weeks now, I know everyone
can't do that, but the idea of cost.
Averaging you know, I've done it every two weeks for 23 or 33 years.
Everyone can't do that but the idea of cost averaging getting in
dipping your toe and stop waiting for that one.
Big drop in Gold.
Stop waiting to do everything at once just by when you can pay
yourself first because we're going to wake up at one point and the big
money is going to be terrified, I really do believe that there will
come a moment where the big money becomes terrified of being in.
What is considered conventional.
Testing.
Anyways, I was just a little thought experiment, and I walked away
from it, all saying she won't ever sell it.
I believe she will hold it and pass it on to her family because she
realizes it is written a wealth and she'll be rich, no matter what
gold and silver do if you own enough, you'll always be wealthy in any
any eventuality.