People need to understand this, the dollar isn't really going up.
It's not falling as fast as the other currencies.
That is what's going on, please stop calling currency money.
It does not deserve your respect.
The dollar is a currency and it deserves your disrespect, not your
respect,
When I went to the Netherlands, I was in Amsterdam back in about 1980
for so it was right around this period.
I bought a pig skin suede trench coat full-length trench coat for
about 80 bucks, I couldn't believe how inexpensive everything was on
that trip.
Now we're in a Zone here where there really isn't any resistance until
we get up.
About 120.
Now, technical analysis doesn't always work but I have a feeling that
we are headed there and one of the things that can cause that is if
they raise interest rates in November coming up the the next meeting
if interest rates in the US go up that attracts Bond investors that
attracts currency from all over the world seeking the safe haven.
What they consider a safe haven there.
Deluded basically
Fooled into thinking that us treasuries are a safe-haven asset and as
the currency floods in, then this will rise.
And that causes anything that is priced in u.s.
dollars.
That they are buying in another country where their currency is
falling.
Those things are going up tremendously, so we have inflation in the US
but at the same time, this Rising dollar, which isn't
Rising dollar.
It's a falling dollar or there would not be inflation.
People need to understand this, the dollar isn't really going up.
It's not falling as fast as the other currencies.
That is what's going on.
But now, we're in this weird, I've talked about in deflation for many
years and we're back into this weird situation.
We have, you know, retail prices things in the grocery consumer prices
grocery store gasoline all of
That going up while we're now seeing asset prices starting to deflate.
So we've got deflation and inflation simultaneously and but this is
going to continue until the economy brakes and the FED flips and
pivots or that's what a lot of people call it.
The stock market has barely begun the burst of the bubble.
I mean, you look at the size of the crash here in
2008.
This is a logarithmic chart and we are two about here.
There's like two thirds.
If it left to go or more and I believe that that is I think it's going
to be worse.
I think we're going to end up down at these levels again, who knows?
But you know, in 2000, this crash was a stock market crash.
This was a real estate and stock market crash.
This is going to be bonds stocks and bonds, real estate and stocks,
it's everything all together.
I mean,
I mean we haven't had a bond market crash like this.
Let's go back to Dan tapi arrows, chart 9, or 70, 70 looks like and
back in the 20s.
So this is a rare event but it's going.
You know, when they raise rates in November, that is where the economy
will break.
So right now we are being given a gift.
This is
A very rare gift the right now, precious metals prices should be
soaring.
But there are not yet and so it's a gift to be able to get ready for
what's coming.
So this is a Gold's.
These are the Japanese Yen.
The British pound in the u.s.
dollar against gold, gold being the measuring stick.
We're going to see how well those currencies perform well.
When we got to 1934 in the US, the US dollar was devalued and instead
of being worth, 1/20 of an ounce of gold, it was devalued to 1/35 of
an ounce of gold and then there was some chaos and then we started the
Bretton Woods system and the Japanese Yen.
Look at that.
And then we went on to the, this is when the Bretton Woods system went
live and the pricing
It was established.
And then we go into the global dollar standard or the floating
exchange rates and you can see these currencies falling to these
miniscule, percentages of gold that.
Where do you turn when everything else is going bad.
The only places are gold and potentially cryptocurrencies, but
cryptocurrencies are new and they're highly volatile.
So we don't actually know.
How they're going to perform in all of this.
I think they're going to perform well, that's the reason, it's a large
percentage of my portfolio, so this little pullback that we've had in
Gold.
I give you this long-term chart to gain perspective here because
people think if it falls from 1800 down to 1664 that the world has
ended.
Well, it hasn't this is just a gift of being able to.
There's lots and lots of support in this range, so yes, it could.
Down to 1400 or something like that, silver probably won't fall as
much.
Look at how much trading happened in this range here, and we're
sitting right on the top of all of that support right now.
So silver is, when the gold silver ratio is this High.
I buy only silver when it's down here.
I buy mostly silver and like 25.
I take my cash.
2575.
Percent towards silver 25%, then 50/50 and then down here, 2575 and
down here.
I buy only gold but
If you look at where this is now and the support that we have on
Silver and a little less support on gold, it wouldn't surprise me to
see this shift.
And so to me, Silver is the bargain right now.
But anybody that Waits until the till the something hits, the fan.
At that point gold and silver become very very difficult to get we saw
it back.
Back in 2008 it was very difficult to get the spot price fell but the
price for physical.
If you were trying to get coins and bars went up, it didn't go down
and everybody was mad thinking that but you know the dealers have to
Source this from somewhere and they're sourcing it from somebody
that's willing to let go of it right now.
The premiums on Silver Eagles is still sky-high for some reason.
And it's because it's a
Demand issue.
It isn't that there's, you know, somebody able to hoard and capture
all of this giant profit that that isn't it.
The profits for precious metals dealers are razor thin.
And they're always razor thin their costs go up during these periods
of time.
That's one of the reasons I buy insta Vault right now.
Insta, vault is where you're buying ownership of Oz within a large bar
like a
1,000 ounce bar of silver or a kilo bar or 100 ounce bar of gold.
Because those that form of gold and silver is the least expensive
physical gold and silver that you'd that you can get.
That's it.
And so we Source it at a very good price.
We pass that price on to you and but it's in storage if you want
delivery you have to click some buttons.
And if you're taking delivery of 1,000 ounce bar of silver or a kilo,
Our gold.
You get it at the same price if you want to take delivery of something
different, you have to pay whatever the difference is the conversion
fee, into that more expensive item that you want.
But you know, there's been a misunderstanding, people are saying that
I vow
We said if you don't hold it, you don't own it.
I never said that.
I said, if you can't hold it you don't own it.
There's a big difference, getting back to Egyptian spring.
And that first story that Washington Post story in the first episode
of hidden, secrets of money.
We interviewed Max Keiser and he was the oh, this is we were there
about three months before the Revolution happen.
And there were two revolutions, there was an overthrow of the
government, this was huge so if you were an Egyptian, I mean I feel
for you because you went through some severe pain during this but
basically Max was saying that this affects them basically as a
percentage of their income that goes to food and this is an important
distinction, please stop calling currency money.
It does not deserve your respect.
The dollar is a
In C and it deserves your disrespect, not your respect.