When you take a look at what M1 has done the M1 money supply, just to
get a 30% coverage in the M1 money supply, the price of gold would
need to be twenty three thousand dollars an ounce.
Yeah, I mean for me disorienting is a lot of us are working from home
and what used to characterize the work weeks of breaking up the
getting out of your house going somewhere.
Having lunch with people.
Those things for a lot of us for myself, have stopped for two years.
And so, you know, every day, you're at home and you're working out of
your home office and it just kind of all runs together.
I think, to me, that's been the biggest, the biggest factor in, in
everything running together is, is the routine.
The routine that used to be
Five days a week getting in your car driving to work and having your
daily routine stopped.
And so it all just kind of melts together, of course in our industry
and in dealing with so much that continually is changing.
There's just been so much stimulus at the same time since 2020.
Since we started doing these interviews that the combination of not
leaving the house and constantly being inundated with with more and
more and more stimulus.
Has made the passage of time, just fly by and know if it's a good
thing or not, but it's somewhat disorienting, as you say, I can't
believe how fast it's going.
To be honest with you.
Well look, you know, to me the distinguishing characteristic of when I
tell everyone that I believe we want to be in Gold.
It's because gold was reclassified Tier 1.
The Tier 1 reclassification of gold to me says exactly.
What the intentions are of the central planners the huge acquisition
of gold.
My central banks, one of your listeners corrected me in telling me
last week that Germany started their repatriation of gold in 2013.
I said 2017, I guess to clarify that in 2017.
They made a real big deal.
About it, the media did.
And in 2017.
The media talked about, they were making a push to have all of their
gold sent back, and we're told that they wouldn't get it, perhaps up
for up till 2020, but that begun in my mind.
Anyway, at least, in terms of me, realizing that the central banks
were massively accumulating.
We talked about all the Central Bank, accumulation, prior to the 2019,
reclassification of gold as Tier 1 and
You see the central bank or Central Bank reclassify gold is the only
other Tier 1 Reserve in the world.
Next to US Dollars.
After 80 years of, it being just dollars in treasuries to me that is
Central to what is coming next and they gave just enough information.
They sprinkle just enough in the way of breadcrumbs for guys like you
and I to talk about this, but most people who are sophisticated and
finance wouldn't know that Tier 1 reclassification if it if it meant
their life.
And so I guess what I'm saying is yes, the information came out and
yes, it is to your one but no one knows about it, but the central
banks continue to accumulate it.
So, you know, there are guys out there, like Big's we're who I have a
tremendous amount of fondness and respect for who believe that there
is more gold out there than we are being told and maybe he's, right.
Maybe there is golden chocolate mountain.
Maybe there is gold in the Grand Canyon like he's talking about I'm
not going to debate it.
But what I will say is that
All has been well for 5,000 years.
And when the most sophisticated well-funded, well-informed
conglomerate of Bankers, on the planet tell you that it's the only
other Tier 1 in the face of a dollar that seems to be fighting major
head winds.
I think ultimately we want to be in Gold but if the door closed on
gold and you were left with the big pile of silver, I don't think you
would really, really would be that awful.
What is silver.
It's a substitute for gold.
I mean it
Has more utility than gold, but right now, that's substitute is a 77
21 reflection in geology.
Geology says that 721.
Wear silver has seven times more, abundant than gold.
It has always been 12:44 for thousands of years.
Now.
It's seven to one, meaning it's depleted.
The 77221 price ratio is a function of manipulation on comex which I
truly believe will come to an end.
So to answer the question, if you got stuck with
Her big deal.
You're in a good position.
Why do I feel you want to ultimately be in gold?
And I don't even think about how many ounces are out there because the
amount of money that's been created globally.
Over the last few years dwarfs all the gold out there 10 times over no
matter how much is out there.
There's only been five six seven eight trillion dollars worth of gold
mined since Genesis.
It's the beginning of time pick a number.
I mean, they've spent more than that in the past two years and this
country alone.
So,
There's not enough gold out there to make a massive difference.
In fact, I was reading just the other day that when you take a look at
what M1 has done the M1 money supply, just to get a 30% coverage in
the M1 money supply.
The price of gold would need to be twenty three thousand dollars an
ounce.
And if you wanted to get the 1980 peak of 55 percent coverage of M1
supposedly with the amount of gold, that is held at at Fort Knox.
The 8,000 plus tons go.
Have to be 42 thousand, dollars an ounce.
So if they ever were going to reclassify gold as or it has been
reclassified, but I get to a new system to a new currency.
In order to get a sufficient backing, even a 30% coverage.
Now, I'm not saying it would be convertible because the gulf France,
prove that convertible currencies convert, but it will be pegged.
And I think it will be denoted on a distributed Ledger for the
veracity of that goal being held.
So we don't have to rely on politicians.
Any longer.
But that 30% coverage backing would put gold at 23,000 dollars an
ounce based upon the M1 money supply in the amount of ounces of gold
held at Fort Knox.
So I think gold will outperform people's expectations.
And I think it would not have been reclassified Tier 1, if the big
players, the central planners didn't realize that you need to Peg it
to something.
When the system breaks her normal ever, ever, ever drink.
Kool-Aid.
Again, it's just like the FED telling us that inflation was
transitory.
It's like Bernanke saying that subprime crisis was was contained and
it's just like the FED today telling us that we've reached Peak
inflation.
They told us that three weeks ago and it continues to go higher.
And if they were really serious about doing the things that they were
doing as we talked about before.
Why not do it?
Now.
Stop messing around with a quarter Point Half Point increase, Jack it
up four hundred basis points and see what happens, you know, start
selling off your
Balance sheet today, why wait?
Another month?
They're not serious.
They're not going to do it.
But when you talk about the potential, what could happen?
I think the market may do it for them and it's because they are losing
face.
They are losing credibility globally.
And, and that's why you won't go because when it does break, and when
there is an exodus from the dollar, that's when you're going to see
the Tier 1, status of gold, really start to shine.
And so in my mind's eye.
Here, again, like a lot of the things that I talked about on your show
about, like, for example, the habitual talking about lack of Supply.
It's not talking about today.
It's what I see coming.
If you want to be a decent businessperson, businessman or
businesswoman.
You better not just think about today.
You're going to go out of business tomorrow.
You need to think about tomorrow, next week, next month, and next to
you constantly got to be looking down the lanes and where you're going
to go.
And if, if you don't realize that the central bankers, reclassified
Goldust here.
One is being incredibly relevant.
Then I will never convince you that you need to own gold, but what
silver represents because of the anomaly and price between the two at
77 21.
Yet.
It's coming out of the ground 11 times less than that at seven to one
that represents a generational opportunity with a gun to my head
though done.
Again.
I'm telling people, ultimately, if you have one choice in one choice
only it's gold.
However, the pathway into getting more go.
Lies in silver at a 77 to 1 ratio, but if the door closed and you're
stuck with a bunch of silver, so what you're better off and everyone
else stuck in Fiat.
Yeah, and I think the brics Nations to me will lead the way mean.
Just recently we saw the employers and the unions have joined together
in opposing the EU.
This other European in Germany, the the European Union's and Employers
in large of joy.
Join together in opposing, the EU ban on natural gas imports from
Russia.
This indicates that you're seeing a departure from the west and siding
with the brics Nations, Russia, China, India, South Africa, Brazil.
We're beginning to CD dollarization.
We're beginning to see a departure from the dollar, you know, the fact
that is Tier 1 and the fact that if it were pegging it, yeah, maybe
maybe there would be a central bank window for you to deposit your
gold into if
Wanted, and I don't think that they would come after your gold.
A lot of people think, well, you know, you got to buy numismatics to
protect yourself from confiscation.
I like numismatics for other reasons.
I don't buy them because I'm afraid of confiscation.
I mean in the back of my mind, that's a portion of it.
I like numismatics because they're true pieces of Americana.
They were currency used 100 plus years ago, and I just think they're a
better way to own goal, but I
Don't think that the people.
The very, very, very few people who are fortunate enough to hang onto
gold and silver through all of this will have to really be concerned
or fear confiscation and do.
I think you would be able to turn it in, probably your gold.
I think they would, I don't see any reason why they wouldn't, I don't
think you will be mandated to do so.
And we've talked about this before.
If they wanted to Embark upon getting a whole bunch of gold and
silver, they could just simply nationalize the ETFs.
GLD and that's all you got.
The second largest Holdings of silver in the world.
The iights.
I trust silver trust held by JPMorgan the biggest crook on the Block
and he got HSBC being the custodian for GLD and the third or fourth or
fifth largest stockpile of gold in the world, which would enable these
people to or these the central planners to take a whole bunch of gold
and silver without breaking laws or infringing civil liberties.
And the very few few people, the pimple on the oven who hung onto
their gold and silver.
If I had to guess, there would be the ability for them to deposit,
their gold probably.
But here again, I don't know and I think it's a good problem to
contemplate and better than having all of your assets in dollars that
are destined to Ultimate.
They go to 0, so, or or become worth much less.
I think that person's guess is as good as mine.
But if I were going to guess I would say, yeah, they probably
Would allow you to convert your gold into currency.
The new currency of the realm, the new Central Bank, digital currency.