By your precious metals, sit on them and they will, they will protect
you and they will reward you.
I think precious metals will got not just not just by Oak to cover
purchasing power.
I think relatively they will go up a lot more against all other
Investments.
You know, investment today is not about value.
Investing is not about long-term.
Investing is not about wealth protection.
It's all about short-term gratification short-term gains, you know,
you buy today a stock when it goes up by 10% in the in a few days or
weeks or whatever it is, you buy a property and you flip it and and
buy another one.
Is that and everything goes up.
Everything goes everything goes up in nominal terms because, you know,
we have
You money today.
Not, I'm not doing my just free money because interest rates are zero
percent or - you know, in the in many countries in Europe, you can
borrow 10, 15 year money.
Now, for house at 80 basis points 0.8%, For example, zero point. All right.
Under one person.
That's crazy.
That is, it's like free money and and therefore people don't think
about that.
The fact that there are all the leveraging and buying a
Much bigger house of them can really afford if interest rates go up.
And, of course, the world.
Well debt 300 trillion, you know, and every, every percent that
interest rate go up, they'll be, they'll be another three trillion
interest over the world.
The world cannot afford that.
And imagine if we really get the hyperinflationary taught, the
interest rate is 10% 20% but then we buy the whole world is bankrupt.
Money printing will be just you know, run wild but he's not going to
have any effect.
So the
Basically, they will create digital currencies.
They will try this and that but, you know, that is just that's just
the same fake money.
In fact, system is just under another name.
It's not going to make any difference.
What we are long-term investors in precious metal for the simple
reason.
That all the time, we know that money has always been destroyed.
We now had to narrow as we said that that worked at inside levels
were. Which historically has never existed before on any measure and that
for the, we know that these Metals over time, always be a pretty will
protect investors against the debasement of currencies and against the
risk in the financial system.
Now short-term, you know, we've been into gold since 2002.
$300.
We went in them in a major way for ourselves and our clients and and
that, oh, you know, obviously women
Sold a one hour of gold since then or one gram, and and plant new
clients have come in.
We first set it up for our, for our own invest in ourselves, and then
we open it up for other investors, but the and, of course, and what we
see. Now, the type of clients we have were involved preservation.
They don't worry about the price.
They don't worry about the swings.
I don't even patient about the price of gold.
The fact that he doesn't got remember.
So since since gold
Turned in 99 at $250, made the bottom then between any between 1980
and where it was 850.
And then it went down to 250 in 99 now, since then the trend is
clearly up, but it's not straight up for the simple reason.
That no Market goes straight up except for except for Bitcoin or, you
know, these highly speculative Market, but but, you know, normal
market and it goes straight up.
So we saw
Ahead and click run to to 2011 and then we saw Corrections were full
five years to 2015, 16 and then we started slowly going up.
We got now the trend is turned that Trend turn in the last three, four
years, I would say.
And, and so, we had a quick run up now to do over 2000 last August a
year ago.
And now we've had a long correction and of course, go
Old is not on a day-to-day basis, reflecting the money printed at all.
And that's what's disappointing people.
People wonder what's happening, you know, and I've got my goal, and,
and money printing is going up and ridiculous levels and rate.
And, but gold is not, you know, often show this graph that that
measuring gold in relation to US money supply.
So in relation to the US money supply, gold is cheap today as it was
in 1971 at $35 and in 2000 at almost 300 dollars.
So and today it's also again as cheaper as that at almost 1,800
dollars.
So gold is now massively undervalued in relation to the money created
that that's partly because people have again
Piled into stock, markets and other asset markets partly because as we
know, as long as they can central banks, the be is backman national
settlement That central banks bank if you want and, and, and also lbma
the bullion Banks yet.
They are, they are pushing the price of gold down whenever they can.
There's a massive shortage in the market and and I
Absolutely certain that central banks don't have the 30, almost
35,000, tons, that they say they have.
They released it to the market or they have or, they have sold in
covertly and they can never get that gold back that they have leads to
the market.
That's been bored by China, or India or Russia, or whatever.
And all this is all the bullion banks have which they then give to the
center back is an IOU saying.
We all use some Force physical gold, but they don't say,
Say, but we can never give it to you, give it to you.
If we cuz it doesn't exist.
We can never get hold of it.
And if we ever get hold of, it is going to be at the prize, which is 5
times or 10 times or whatever.
It will be the current price, you know, and that's this is why they're
trying short-term to push that market down that works.
As long as there is no better still confidence in the world economy
and people are buying other assets and and not worrying too much about
protecting.
But soon as risks soon as risks are.
To go up again, which it is, you know, we're seeing it in China.
Now, with that regret and that that's just the tip of the iceberg,
because with the leverage we have, you're going to have so many
situations like that all around the world which companies are
virtually bankrupt because of massive leverage and then when
confidence evaporates and people start thinking about gold and I'm
concerned citizens happening in the market already.
We don't have see, pay to buying gold but we seeing
that the end interest in school sentiment is Shifting and I even start
when people start wanting to have gold and especially, of course,
institutions today, as you know, they're only half a percent of world
financial Assets in Gold institutions, have very little but, you know,
once they are and a few handful needs to check out institution of
started buying physical gold, but once they start thinking about
inflation, protecting their assets, and they will have to and they
don't To go from half a percent to five or ten percent.
It's enough that they go to one or two percent and I won't be enough
gold in the world at these prices.
So instead they will have to instead of buying gold of $1,800.
They might have to buy that 10,000 to 15,000 to get the same amount of
gold that they need to protect their assets and that's going to happen
in the next few years.
So, you know, I have you have to have patience.
If you are a value investor, you shouldn't worry about the short-term
fluctuations.
You shouldn't worry about the fact that some things grow up faster
than your asset.
Just just you, wait, be patient.
And you know, that this is if you have precious metals physical
regiments, that will protect you or in the coming years.
One the whole financial system.
Start imploding.
A lot of investors are I will say almost the majority of investors
like to buy high and sell low.
That's the psychology, so investment, you know,
But of course, the people who make money on investments, they are the
ones who buy it when it's unloved and undervalued like we did in 2002,
when we bought gold, a $300 and silver or four dollars then.
So you know, and that's the time you and that's at that time.
You don't need to worry about the price by one is on loved and
undervalued by when nobody's focusing on it.
That's when you get a good deal.
That's when you, then you are actually buying a
At a very good price, but of course anyway people by not because there
are going to make a turn and sell it when he goes up 20 or 50 a
hundred percent.
You should buy gold, put it away, forget about it.
And that's the way you should think about gold because it is the
ultimate form of insurance that you have against a fragile Financial
world and the fragile World economy and it is the best form of wealth
preservation.
Question about by your precious metals, sit on them and they will,
they will protect you and they will reward you.
I think precious metals will got not just not just by Oak to cover
purchasing power.
I think relatively, they will grow up a lot more against all other are
investments.