The only thing I see that they're going to change about money printing
is what they call it a gold-backed currency.
Or actually, to to other Commodities to take payment.
I tell you, it does make me really want to own more of these metals
and, and be more secure.
I think this is just the beginning, perhaps of, you know, a broader
Market pull back and, you know, the u.s.
Dollar having some some trouble going ahead here.
But it's, it's a great time.
I think at least to be buying the precious metals equities, Rick also
says, you know, Market that goes down, 40% is exactly forty percent
more attractive.
You know what?
I think we're heading into a period of time.
Where it's going to be very important to head yourself with, with
precious metals and, and the equities.
The only thing I see that they're going to change about money printing
is what they call it, you know, in the future it'll just be something
else but we've seen this movie before right, you know, they just
change the name.
So no, I you know, I think we're in this modern monetary Theory, the
world, you know reals shift in real money, hard money and you're the
Problem is as well.
Is you, you know, why do these Commodities like oil is being traded in US.
Dollars, you know, and you know, we're in a situation here with you
know, adversaries of the United States, you know all around the world
now thinking well gee do I really want to have my proceeds from from
selling oil in a currency where they can just go seize My Yacht or you
know, you know Steve.
My accounts or you know, so I think we're going to see a lot of these
countries like Russia moved to gold-backed currency, or actually, to
to other Commodities to take payment for natural products.
So, you know, it's really something I didn't have necessarily on my
bingo card for this year.
You know what we've been through and on, but I tell you it does make
me really want to own more of these metals and
And be more secure and that of course, you know, like I said, they're
going to throw into the name of money printing or stimulus but you
know, I'm sure that they're going to be investing money into
infrastructure and projects that are going to use these Metals as
well, too.
So, oh no, it's a bullish picture.
I think for for the metals.
Yeah. Well, I you know, I think anytime you have this type of systemic shock
to global trade Paradigm.
I think you're going to
You see people wanted flight to safety as well too, and you know, one
of the interesting.
Things is that Mercer, which is one of the the world's largest fund
managers advisors to fund managers has indicated to their you know,
their advisors that they need to be putting a 5% waiting into goal.
You know, that's that's huge news.
Right? That's something, you know, for some reason we haven't really heard of
it.
You know, this is something I heard from a friend of mine, you know,
but you think that would be you know, headline news for everybody, but
I think it's it's
Getting closer and closer to the point where this is, you know, this
shocks that we're seeing all throughout the world, are going to kind
of force even people that were laughing at Gold recently.
And by course buy gold.
I am talking about gold and silver, you know, to have that as part of
a portfolio to protect from from these Global supply chain
reverberations and Chef.
So strange at the US dollar, you know, is doing so well versus gold
and I don't think this is something that we're
Messy be sustainable.
I think it's something that's happening, you know, in the short-term
but long-term, you know, I couldn't see a more bullish picture for for
gold and I think there's going to be another you know, they call it a
Black Swan event because we don't know what it looks like yet, but I
think we're going to see something like that, you know, occur in the
future year, that little be that kind of final straw for people not to
have gold that, you know, it'll drive people into
The the safe-haven trade and I'm will start to see these prices, you
know, reflect what's really going on here, which would be, you know,
fantastic.
I think it is starting to happen and you know kind of its early form.
One of the things that's going to lead to that is just distrust with
the lme.
I mean, we saw that with with nickel recently where they basically
Unwound, a bunch of, you know, devastating trades to the Chinese
billionaire, Chinese group.
That was, that was kind of behind those trades.
And
Now, the net effect.
Really was that?
I mean, I lost confidence in that.
I think, you know, it's just, you know, we're starting to see the
cracks in that that lme paper trading system.
Just a matter of time before this happens, you know, for silver
miners, you know, I maybe he'll on mobile come and knock on keystore
soon and then shortly after that he'll knock on ours and you know,
we'll be happy to provide, you know, SpaceX and Tesla and SolarCity
and all these these companies with the silver that they need, but it's
It's it's not really for me, a question of.
If it's more of a question of when unfortunately and sadly the
environments you want to be in, aren't always the ones that help
silver and gold go up.
You know, we saw that in 2020, it was lockdowns and and, you know, a
pandemic that, you know, sent the price rocketing from a pretty pretty
severe crash.
I remember that that March 2020, crash where everything.
Enough gold and you know, it all these Juniors and even senior mining
companies Tak Nico.
And then all of a sudden, you know, they catapulted from those lows.
And, you know, those of us who invested in that went all in, which it,
which I did, we made a fortune on that, that trade.
I think I seen something similar happen here as well.
Now, we're, you know, we're getting a broad Market sell-off.
It's affecting companies like like Vizsla and other companies out
there.
But it's creating an artificial low, that creates a huge huge
opportunity to to buy the stock.
You know, I think just, you know, an incredible time here, but you
know really what what drives that is a lack of trust.
And you know, when we were Main Street investment advisor, a Wall
Street investment advisor, and your Netflix pick and your Google.
And you're all these, you know, companies that were the Fang.
They were the, were the kind of the Cornerstone of
Your account or down 30% or, you know, if you had some, some more
clients that had a stronger risk appetite.
He said, why don't we go long all these SPAC IPOs and buy them in the
aftermarket, you know, you're down probably more than 50%, you know,
these were the Darlings or the market two years ago and year ago and
up until recently.
And so, you know, that trust is breaking down and when that happens
people go back to kind of brass tacks.
They Go back to what they know and you know, there's probably going to be
some some memories some echoes in there had about OB no gold as a safe
haven.
Now I you know, people might say that there's a bit of that trade
that's eaten up by Bitcoin that might be true.
But I think the world is big enough for, you know, gold primarily and
you know, some people may like Bitcoin is small, but I really do think
there's going to be a, you know, a flight to that safe haven trade
here shortly, you know, both these bones
It's happen, you know, when the least amount of people are looking at
it basically.
So, you know, what will when it's the most hated thing, which we're
getting pretty close feels pretty hated right now, you know, you can
see that shift in that move, right?
And then it's the momentum of people coming into a trade that really
makes the difference.
So that's hard to do if everybody loves it already, right?
Remember when Bitcoin was going up and everyone said oh 100,000 and
you know, it was it was going to move and it was going to be this.
You know, it was going to go to a million dollars a coin.
That's when everybody's eyes were on.
It was the coolest event.
You know that Miami whatever Bitcoin conference or you know, that
definitely hasn't happened for mining.
If we had a Miami mining conference a bit.
Maybe the same hundred people that go to these conferences would show
up and, you know, that would be, you know, so it's just it's just it's
totally unloved.
Now.
We need to get to that fear event.
You know that that
Curve. And that's what I was referring to.
I think, with the Black Swan, you know, there's going to be something,
you know, that kind of triggers that and like you said, pulls the
Band-Aid off and, you know, moves us to this next next leg up this
next kind of Chef step change or shift in in pricing of these assets
and you know, from that will come, you know, the waves of new
interest, you know, we haven't even had this this wave of, you know,
fun flows into these.
These Metals fund yet, and we certainly haven't had any new analyst
hired at General has funds to cover mining, you know, it's just
totally unloved.
It's a great place to be and you know, you want to be there before it
is love, right?
It's just that you want to be early on these things.
So it's it's a very exciting time to be in the space.
It may not feel like it all the time, but but it is