This is the sign of the times and I think we'll see, probably more of
this look getting product in regards to Silver is hard.
It's getting harder.
I don't see much end in sight to be honest with you because if
anything it's getting more challenging than it's ever been and the
demand is picking up more than it ever has.
And I guess this is all going to have to deal with until things loosen
up if they ever do.
It's maddening.
It truly is.
We talked about how we had millions of dollars with the metal in them,
in a Brinks truck where the employees quit in Salt Lake City before,
they made it up to our warehouse in North Dakota and left the truck at
bring Salt Lake City.
I guess it had something to do with, with protocol related to vaccine
of what have you, but these are just the things that we have to deal
with these days as I keep saying, it's like running.
Logistics company.
Next week would be there on a truck right now.
I was told next week.
We'll be at the very very longest.
What will hope to have them here.
The very very latest would be Monday.
I'm suspecting.
But yeah, you know, you're Reliant upon so many people to follow
through with our obligations.
It's kind of like a derivative a derivative is only as valuable as the
counterparties ability to produce or to to perform and so when we are
Are told by a group that is has held our money for weeks that yes,
it'll be on a truck and it's not, you know, it's like you just have to
roll with it.
I guess this is the sign of the times and I think we'll see, probably
more of this.
Look at him product in regards to Silver is hard.
It's getting harder and it's I don't see much end in sight to be
honest with you because if anything it's getting more challenging than
it's ever been and the demand is picking up more.
Endeavour has and I guess this is all going to have to deal with until
things loosen up.
If they ever do, I think you'll see this really as an industry-wide
phenomenal.
You probably already are.
I don't follow the other companies that often, but I do know that it
is industry-wide because I deal with the Distributors and I guess the
moral of the story is the only way you get product nowadays as a as a
company, the four or five of us that are, I guess are dealing
predominately to the public.
And in large volume we are
Are you have to buy, copious amounts?
You have to buy it 60, 90 days in advance.
You have to be able to hedge it and then you have to be able to run
Logistics on it.
And you need to be able to communicate that all the way down from
buying it to to the end user and then be able to monitor it the whole
way through and are reliant upon several chains of custody.
Along the way that stuff.
It's not what it used to be, were fortunate to have relationships.
Allow us to continue to do this.
But if you're not in the position to, you know, spend a lot more than
a lot.
Let's just say you have to spend a lot and you have to be able to
hedge and follow it and track it.
If you're not able to do that.
You're not going to have much of anything these days because they're
the people who that would be able to buy a few thousand here in a few
thousand there in a few thousand here from distributor, says long long
before it ever gets to that point.
And that's kind of what she talks about that.
This would only the people with smaller accounts wouldn't
Be affected.
It's only the larger accounts quote that she said here.
She says here.
What I am thinking about is primary the coal industry and oil and gas
industry. A lot of smaller players in that industry are probably going to go
bankrupt and showed order.
At least we want them to go bankrupt.
If we want climate change.
She would create a national investment Authority, which would then
determine who got bailed out and who doesn't.
And, you know, certainly, doesn't sound like free market capitalism.
That's that's for darn.
Sure.
And, you know, equally as concerning in my opinion, is is Lael.
Brainard.
This is another, this is the the favorite of the progressive left for
Fed chair.
This is who AOC wants to run a, she is a full modern monetary theorist
and you know that she's going in.
And the reason she's going in is because last week or two weeks ago,
when Biden was on trip, I think it was in Scotland.
Island. He was asked by a reporter, who are you going to reappoint Collins
getting late in the hour?
And normally you have a reappointment by now and he said, well not
sure yet the it was on a TV there from say, of course, he's my guy,
you know, he's a trump Bobo.
He doesn't, he doesn't want to have someone who Trump appointed run
the Fed especially because, you know, he's talking about tapering.
In fact, they even announced tapering and you know, something after he
announced tapering.
Bond market rallied by 10% in four days in the reason, the bond market
rallied. Remember the bond traders of the smartest traders in the planet.
The reason the bond market rallied and it should have gone.
The other way when they announce papering is because the day after he
got back from his trip.
He invited both Powell in Brainerd to the White House and the bond
Traders are the Smart Ones view that as Brainerd is going to be
renominated or soomi is going to be the new fed Governor, the FED
Chief and Powell's on his way out.
Well, Well, they're not going to taper.
They won't take a little break and we'll see to that.
And I think this is exactly why he did not reaffirm his intention to
have Powell take be reaffirmed or another another term.
And so, you put Brainerd and oh, merrova into the into office and it's
going to look very very different to what what it looks like.
Now, what it's ever look like.
In fact, I think that is maybe the most bullish thing.
For equities and it's not just gold and silver.
I think you could see stocks do really well, to any assets will do
well because they're going to continue to inflate their going to
continue to keep interest rates.
Low, they're going to continue to stimulate their going modern
monetary Theory and they will, I think destroy the value of the
dollar, but certainly I think make what we do a whole hell of a lot
more attractive done again, and you can see this is the way the
progressive left one.
It's to take this economy and it's to me it's quite concerning and
quite frightening.
If you're going to be in a storage account, you're crazy to have it in
a pooled account, especially when you see the difference in cost
between pooled and and segregated.
There's, there's a big difference in cost because you get what you pay
for and I think pool accounts are very dangerous.
I would never in a million years.
Hold my own medal in the non-segregated account whether it's a
Ira or not, if you know, there are people who say, if you don't hold
it, you don't own it.
Well, if you have to have it stored, it better damn well, be
segregated to your name, allocated to the account or the program and
segregated to you specifically, but, you know, to your point again, I
I'm not patting myself on the back and I'm not trying to sound like
oh, I've been right, but look at the progression of everything that's
been happening. You know, we talked about this for over a year at Central Bank,
digital currency coming.
So that the FED could enact monetary policy team said that a hundred
times. We've talked about the biggest money in the world.
The Dollar Rising fact.
Russia now has more gold in its reserves and they do dollars for the
first time.
Ever there, D Dollar Rising China is accumulating massive amount.
There.
People are.
In tremendous amounts Alistair MacLeod.
Do you have on your show all the time, talks about their people owning
18,000 tons of goal, which is two and a half nearly two and a half
times what the u.s.
Supposedly owns their Imports through Hong Kong, or up 60 percent this
year. Syria, Serbia's gold Holdings are at all-time highs.
India is up over the last 12 months.
There up, 75 tons, 11% year-over-year.
All of the central bank's I've been talking about for the past four
years that have been gobbling up called this.
Big whale on comex who's sitting on 40,000, December goal, contracts
Palantine buying 50 million in gold.
Do you not see the trend?
Everything is happening.
The way we've talked about it happening and it's very obvious.
If you take a step back and you look at what the biggest money in the
world is doing, they leave crumbs for us to see what's happening.
And when you see a government that is going down this path.
It's very predictable.
It's predictable because the minute Nancy Pelosi said, she wanted a
digital fed do
Our because viruses can live on currency.
Just take a step back and see the positioning of everyone in the steps
that have been made since, or the reclassification of gold and the
accumulation by the biggest money in the world in the repatriation of this.
And now it's going all the way to to the family offices and The
Sovereign wealth funds where one Trader can can hold almost eight
billion dollars worth of gold for December delivery.
I guess we'll have to see if you takes delivery.
I assume be well, but I guess all I'm simply.
Bleep. I'm trying to say is that I've been saying this for the last two
years, everything that is happening is going to script.
You can see it happening and I don't take any joy in in appearing to
be right.
All I'm simply saying is that we are price as a tool of misdirection.
We are purposely being confused by the counterintuitive, price action
and the rhetoric that the mainstream gives us, but if you look at what
the biggest money in the world,
Been doing for since 2017 is glaringly obvious.
They're all D Dollar Rising.
They're all getting out in front of what is coming.
And someone like, oh, merrova and Brainerd taking over the monetary
fiscal policy.
This country moving us into full modern monetary Theory moving us into
what is merely a Communist Regime type of economy.
I don't know, It's Gettin.
It's Gettin concerning really truly is getting concerning, and this is
why we own gold silver, not to get wealthy because it gives us a
little bit of an exit from The Matrix.
It gives us some privacy.
It gives us liquidity in an asset class that has lived through every
world war that has lived through.
Every pandemic, German hyperinflation, Great Depression, and it's
still a mutable.
Will this is why we own it.
And these things, these stories, we talk about are only going to
increase in severity and it always mystifies me.
Why some people don't react until they absolutely see it with their
own eyes instead of trusting our gut.
This is the time to do it.
The biggest money in the world is doing in that is to start D Dollar
Rising just like Russia is doing because Russia is telling you.
Putin Is Telling You by his actions.
There's a Black Swan event coming when for the first time ever, they
own more gold than they do dollars in their foreign reserves.
I'll tell you that that's not by coincidence.