Gold is the place to be in my opinion, when the Music Stops.
But I can't look past the ability to get much more gold by buying
silver, which is the most undervalued asset on the planet.
If you don't hold it, you don't own it.
There is a certain amount of Truth to that a certain amount in the
respect that
You know, we all often talk about Metals being gold and silver being
assets that are not simultaneously, someone else's liability.
You have the complete absence of removal of counterparty risk.
I mean, I think the truth is people have a greater likelihood of being
ripped off by the system than they do by a burglar looking for
precious metals.
I think that one of the drawbacks of owning Metals is the urge to help
other
And talk about it.
If you're going to hold it at home, you need to keep it quiet.
You don't want to tell everyone about it.
It's normal to want to help your friends and family to show them what
it is that you purchased.
But yeah, if you are concerned about loose lips sinking ships,
certainly you want to hold it at home and tell your immediate family
or your loved ones and then do it done a good job of hiding it, you
can be very creative in hiding your precious metals, you can hide some
in a safe and, and
Call that your D, keep going.
Your decoy safe safe that has just enough in it to pacify a would-be
burglar Intruder and a small safe or several small saves hidden
throughout the house that are filled with with gold and cash.
You know, I think holding it, taking possession of it does have
logistic issues, it does have security issues, but if you're creative
enough, certainly, you are able to hide it and keep it quiet.
And I think that's typically going to be your best approach.
We've asked the depository to send the bars to your deposit or in
North Dakota, rather than to our home.
We want to take possession of all of our silver since we're retiring
and we're cashing out, our 401K our business sponsored 401k.
And I want to take possession of, we want to take possession of
100-ounce bars.
We were wondering if you come meet us in Fargo and we can shake your
hand and have lunch.
CH and I said great that's fantastic.
I'd be happy to so get in the car, Buzz up to Fargo where you and I
have filmed once before in the vault and to my horror when we opened
up the boxes after lunch 95% of them were generic Forest silver at
this point was near 40 dollars an ounce so they paid under 700 the
melt value on these bars was 4,000 the
Johnson Matthey bars would have carried a substantial premium.
The bars that they received back were stackable bars.
I forgot the name of the company that used to make them.
They're no longer there.
They're kind of like Legos.
They're neat bars, but they're generic and they were scratched up and
they were bid at spot where the others would have been bid at a buck
and a half or two dollars an ounce over somewhere in that
neighborhood, let's call it even a buck over.
Whatever.
The number is on 1500 bars, a bucket.
Oz talking a lot of money and we called the depository and they said
we're sorry we don't we don't segregate Ira silver.
We just allocate you received back hundred own sparse.
Yes we did but they were 95% of them were generic.
You're talking thousands and thousands of dollars of these people lost
and there was nothing that could be done about it.
So,
That's when I first learned about really the importance of segregation
versus allocation.
Yeah, they got back hundred ounce bars but not the premium bars that
they bought gold and silver are money their wealth.
They I'm sure these are laws that go way back because it's been money.
It is money.
Will always be money long after this first run of whatever Central
Bank digital dollar probably goes by the wayside as well.
So, look,
Haven't heard about it.
But these are some of the things that you never know.
These are the things that could pop up where you just never know.
Oftentimes, we have a plan and that plan changes as things unfold.
And if anything I've learned over the last three years is that
anything can happen, anything, anything can happen and maybe even an
attempt to take back our constitution to take back our Liberty to take
back, our currency to take back our country.
Tree.
Maybe that happens in a very peaceful way, where we use sound money,
as the springboard to, you know, pull us up from from our bootstraps,
from from, from a country that is massively indebted and a currency
that has been eviscerated in terms of its value.
And you know, be nice to you sound money again and maybe the people
who have had enough
Insight to purchase precious metals.
Before this happens, will actually be able to keep it when we see this
gold revaluation, which I think is coming and maybe that explains the
massive drawdown of Supply off of the exchanges.
The big-money knows the relevance of being positioned in gold and
silver.
Before we see any type of revaluation.
That the Dutch, the Dutch governor of their Central Bank said, hey,
this is the key to all the central bank's becoming solvent is to
revalue gold.
To get their balance sheets whole.
Well look, people will say well Roosevelt confiscated gold.
There he is right over your
/.
Yeah, he did but everyone owned it and it was legal tender.
Now, is it really worth the backlash to go and grab the ETFs be
sitting on all they need?
And the little guys who won't go and silver, they can keep it when
they sell, they'll go back into the CBBC realm.
I just don't see gold confiscation, but I see who knows.
Maybe there will be things that unfold that we can't see where if you
were smart enough to accumulate, gold and silver as as well, for okay,
it's not an investment more.
So,
Oh, now than ever, I always say this little buzz phrase, It's outlive
two world wars, German hyperinflation in the Great Depression, and
every pandemic, an has, and maybe it will outlive another dollar
evaluation or gold, revaluation or, or, or maybe a global revaluation,
or maybe a new world Reserve standard, or whatever it is.
I think it's never been more important to own precious nose and if
they take it from us, okay, if
You do eminent domain says they have to pay you something fair for it.
So yeah, it suck.
It really would.
And it could happen, right?
I'd be lying if I said otherwise.
Desperate governments do desperate things, I don't think it will
happen.
I think the ETFs will leave the way but you hope for the best.
Prepare for the worst and maybe it affords us opportunities or
possibilities that we don't even see on the horizon right now.
It look as much as I love gold as much as I believe, when the music
Stops you want to be in Gold because it's the only other Tier 1
Reserve asset because the central banks have loaded up on it more than
at any time since 1974.
Because the withdrawals to the brics Nations just in the third quarter
alone, amount to over 400 tons of gold.
Double almost the biggest third quarter on record.
Gold is the place to be in my opinion when the Music Stops, but
I can't look past the ability to get much more gold by buying silver,
which is the most undervalued asset on the planet.